logo
Over 2,300 ration shops set up in the past four years, says Tamil Nadu government

Over 2,300 ration shops set up in the past four years, says Tamil Nadu government

The Hindu14 hours ago
The Tamil Nadu government on Sunday said it had set up over 2,300 ration shops, including 789 permanent and 1,605 temporary ones, in the past four years. On the directions of Chief Minister M.K. Stalin, it had introduced transactions through Unified Payments Interface.
An official release that listed the achievements in the Public Distribution System (PDS) since 2021, recalled the distribution of assistance to people during the COVID-19 pandemic and natural disasters such torrential rain and floods, among others. The government distributed Pongal gift hampers to over 2.15 crore rice ration card holders in 2022, and the beneficiaries numbered over 2.19 crore in 2023. While 2.19 crore beneficiaries received the gift hampers in 2024, 1.94 crore received them in 2025, it said.
Following Cyclone Fengal, which left behind a trail of destruction in Cuddalore, Kallakurichi, and Villupuram districts, in November 2024, the State government provided dry rations to affected families, the release said. After Chennai, Thoothukudi, and Tirunelveli districts were affected by torrential rain, the State government provided financial assistance and relief materials, it added.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Setback to lenders: NCLT replaces RP in Anil Ambani's loan guarantee case
Setback to lenders: NCLT replaces RP in Anil Ambani's loan guarantee case

Time of India

time3 hours ago

  • Time of India

Setback to lenders: NCLT replaces RP in Anil Ambani's loan guarantee case

NEW DELHI: In a setback to lenders, the National Company Law Tribunal has removed Jitender Kothari as the resolution professional (RP) in an insolvency case related to Anil Ambani 's personal guarantee to SBI for a loan to Reliance Communications . NCLT appointed Prashant Jain as the new RP. In Sept 2016, Ambani had given a personal guarantee for a Rs 1,385-crore loan, which was retrospectively classified as an NPA effective late Aug 2016. Kothari was appointed RP in Aug 2020. A few days after his appointment, the RP sought multiple details from Ambani, including details of a case in a British court. The insolvency action had been challenged in Delhi HC and the SC. In May 2021, the RP filed his report in NCLT, recommending admission of company petition for insolvency resolution despite Ambani's lawyer seeking more time, citing restricted mobility due to Covid. A few days later, Ambani's lawyer wrote that the RP can only seek information from SBI. Meanwhile, the businessman's writ petition in SC was tagged along with one Surendra Jiwarajka, which was finally decided in Nov 2023. Ambani has accused the RP of "acting in undue haste and denying him fair and proper opportunity" to provide information. Besides, the RP is accused of exceeding the mandate under IBC in seeking "unrelated information". The RP denied the charges and SBI supported it, while arguing that the matter had been pending with NCLT for a long time and the case was being delayed. In its order on July 15, the benchsaid that in light of Covid-related disruptions, Ambani should have been given "a fair opportunity" to provide information to the resolution professional. "Instead, we note that the RP didn't even wait for adjudication of his application pending before this Tribunal seeking relaxation of 10 days' timeline and a cross application of the applicant before this Tribunal requiring more time in view of Covid restrictions. " "Though, we do not find any negligence or explicit bias on part of the RP in this case, however, we are of considered view since the insolvency resolution process after commencement has to be run in close coordination of debtor and RP," it said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Samsung's FY26 Q1 exports fall 20% as PLI benefits end; Apple, Dixon may be next
Samsung's FY26 Q1 exports fall 20% as PLI benefits end; Apple, Dixon may be next

Time of India

time3 hours ago

  • Time of India

Samsung's FY26 Q1 exports fall 20% as PLI benefits end; Apple, Dixon may be next

Tired of too many ads? Remove Ads Disability with Vietnam, China Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: Samsung's exports of smartphones slumped by almost a fifth year-on-year in the first quarter of FY26, likely because the South Korean major is no longer eligible for benefits under the smartphone production-linked incentive (PLI) scheme since to industry executives, without the PLI incentives, Samsung may have lost export competitiveness and thus recalibrated its export plans. And the same could happen to Apple and Dixon Technologies - two other major beneficiaries of the scheme - after March 2026."The combined effect of all three - who have been the flagbearers of the PLI scheme and local manufacturing and exports - has the potential to derail India's bid to become a smartphone manufacturing hub for global markets," an industry executive said, asking not to be identified. Samsung exported smartphones worth about $950 million in the June quarter, according to industry is down from $1.17 billion a year earlier and $1.2 billion in the smartphone PLI, India suffers a manufacturing cost differential, or disability, of 10% compared with Vietnam, and 15% with China, experts with PLI benefits of 4-6%, there was some disability, but still, brands and manufacturers were diversifying production and increasing exports from India considering the geopolitical situation, they said. Not being able to compete against the likes of China and Vietnam would be disastrous at a time all three countries are trying to get a favourable trade deal with the US, and more companies are examining a China+1 strategy amid continuing geopolitical tensions, experts industry has been sounding out the government for an extension of the smartphone PLI scheme beyond FY26 to sustain the momentum of growing exports, which zoomed to $24.1 billion in FY25, from just $200 million in the government does accept the competitive disadvantage without the scheme incentives, it is yet to take a call on an extension. 'The scheme tenure was fixed, and we have to see the legalities if it can be extended or not. But we do intend to support the industry,' an official told ET on condition of recently launched a ₹22,919-crore components incentive scheme to build on the success of the smartphone PLI scheme and increase local value this latest initiative could suffer if manufacturers back off on further investments in local production owing to disabilities compared to competing geographies, experts the PLI years, Samsung increased smartphone exports from India to $4.4 billion in FY25, from $1.2 billion in company is seeking incentives under the scheme in the current fiscal in lieu of the second year, when it did not get them as it failed to meet the targets. People familiar with the matter said Samsung faced Covid-related issues in the second year of the scheme, that is, electronics major's argument is that if other PLI applicants could get an extension owing to Covid restrictions, it, too, should be given a year more, industry executives said.A query sent to Samsung regarding drop in exports in the first quarter of FY26 remained unanswered at the time of going to was the only company to meet PLI targets and avail incentives for the first year of the scheme – FY21. It had selected FY21-FY25 for its five-year PLI as it was already present in the country and could utilise the existing brownfield operations. Apple and others had to build factories and, due to Covid restrictions, they failed to complete the operations on time and sought a year's extension under the force majeure clause. The government agreed and extended the scheme tenure to six years – till FY26 – with a condition that companies can seek incentives for any five consecutive years of their choice within the time has been the flagbearer of smartphone exports, followed by Samsung and Dixon, which manufacturers devices for Google, Motorola and Xiaomi, among others.

Lodha Developers to launch Rs 17,000 crore worth housing projects by March next year
Lodha Developers to launch Rs 17,000 crore worth housing projects by March next year

Time of India

time9 hours ago

  • Time of India

Lodha Developers to launch Rs 17,000 crore worth housing projects by March next year

Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Realty firm Lodha Developers Ltd remains bullish on growth potential in housing market as it plans to launch Rs 17,000 crore worth residential projects by March next to meet consumers an interview with PTI, the company's Executive Director ( Finance) Sushil Kumar Modi noted that the high demand for residential properties , being seen post-Covid pandemic, would not only sustain but grow further, driven by the country's economic growth, income tax relief in the Budget and reduction in interest rates on home loans He sounded confident of achieving the target of selling Rs 21,000 crore worth of properties in the current fiscal year, a 19 per cent increase from the preceding year."We remain in track and are thereby remain confident of achieving Rs 21,000 crore of pre-sales guidance for the current fiscal year," Modi said the company has a huge launch pipeline to meet the target."At the beginning of this fiscal, we had estimated launch of Rs 18,000 crore worth projects but with an acquisition of five land parcels in June quarter, we now have clear visibility of launches at about Rs 25,000 crore for the entire 2025-26," Modi company has already launched Rs 8,000 crore worth of housing projects in the first quarter, which means that Rs 17,000 crore worth of homes will be offered for sales in the remaining three quarters of this fiscal."Strong launch pipeline combined with interest rate reduction on home loans and income tax relief will provide significant amount of tailwainds for our business and help achieve the pre-sales target," Modi Lodha Developers clocked a 10 per cent growth in its sales bookings during April-June period of this fiscal year to Rs 4,450 Indian real estate , Modi mentioned that the launches and sales are skewed towards the second half of the fiscal year because of festival season, which generates an additional on the financial front, Lodha Developers on Saturday reported a 42 per cent increase in consolidated net profit to Rs 675.1 crore for the first quarter of this fiscal net profit stood at Rs 475.9 crore in the year-ago income rose to Rs 3,624.7 crore in the April-June period of the 2025-26 fiscal year from Rs 2,918.3 crore in the corresponding period of the preceding Developers is one of the leading real estate companies in the the 2024-25 fiscal year, the company posted a net profit of Rs 2,766.6 crore on a total income of Rs 1,4169.8 Developers has a strong presence in the residential markets of Mumbai Metropolitan Region (MMR), Pune and company has delivered 110 million sq ft of real estate and is developing more than 130 million sq ft under its ongoing and planned portfolio.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store