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FM says MSMEs can complain if banks deny loan without reason

Finance Minister Nirmala Sitharaman.

Finance Minister Nirmala Sitharaman today said that micro, small and medium enterprises (MSMEs) can complain if banks deny them loans without any reason.

The Finance Minister came up with the statement while interacting with traders at an event titled ‘Jan Jan ka Budget’ in Chennai. Her remarks came around a week after she presented the Union Budget in Parliament.

While speaking at an interactive session with traders and industry representatives today, she said, “If banks deny loans without reason to MSMEs, they should send their complaints by mail to a special centre which is to be announced shortly.” She said a copy of same should be sent to the bank manager.

“There is also plan by government to increase interaction of banking officials, officials of ministry to reach out to the MSME entrepreneurs at the field level,” she added.

Apart from this, the Union Minister said that the economy is at its “robust-level” and asserted the Foreign Direct Investment (FDI) in the country is at an all-time high.

She exuded confidence that India will get back to 8 per cent growth and said the government is making efforts to pursue the goals.

Delhi polls: 57.6% voter turnout recorded till 6 pm

Voters at a polling booth in Delhi (Pic: Twitter @SpokespersonECI)

(Updating earlier copy)

New Delhi (NVI): As voting came to an end at 6 pm in all 70 constituencies across Delhi, nearly 57.6 per cent polling was recorded, as per election officials even as they said that the percentage may raise after final numbers are out. The turnout is low as compared to 2015 although a spike in polling activity was observed in the last hour of voting.

This time, the national capital is witnessing a triangular fight between the BJP, Congress and ruling AAP.

The results of the election are scheduled to be out on February 11 when the fate of 672 candidates in the fray for seventy assembly seats in Delhi will be known. There are over 1.47 crore eligible voters to exercise their franchise in Delhi Assembly elections, as per the EC records.

Polling began at 8 am today as Delhi Chief Minister Arvind Kejriwal arrived along with his family at a polling booth in Civil Lines in the morning to cast his vote. He requested people in Delhi to come out in maximum numbers to vote.

Speaking to reporters, the Chief Minister also requested the women voters to ask the male members of their families to accompany them to the voting stations.

The Election Commission (EC), which is conducting the polls is all geared up for the election process with high on tech-savvy elements like QR codes and mobile apps.

Apart from this, polling stations were also monitored through webcasting. Delhi Police made elaborate security arrangements for fair conduct of polls.

The EC has also issued a notification restricting media to conduct or publish any exit polls during Assembly elections in Delhi today. The ban is on polling day, i.e., today between 8 am to 6.30 pm.

J&K: Naeem Akhter booked under PSA

Mubashir Bukhari

Srinagar (NVI): Jammu and Kashmir administration today booked senior Peoples Democratic Party (PDP) leader and former minister Naeem Akhtar under stringent Public Safety Act (PSA).

Akhtar is now sixth Kashmiri leader to be booked under the PSA. He will be lodged in M-5 hut located on Srinagar’s Gupkar Road.

In PDP-BJP government, Akhter served as Minister for Education and Minister for Public works.

On late Thursday evening, two former chief ministers-Mehbooba Mufti and Omar Abdullah were booked under stringent Public Safety Act (PSA).

Besides Omar and Mehbooba, Public Safety Act (PSA) was also slapped against National Conference (NC) General Secretary Ali Muhammad Sagar and senior PDP leader Sartaj Madani- who is the uncle of Mehbooba Mufti.

In another development, senior National Conference (NC) leader and former Speaker of JK Legislative Assembly Mubarak Gul and NC leader Tanvir Sadiq were shifted from MLA hostel to their respective residences and kept under house detention.

US citizen who had coronavirus dies in China

Representational image

New Delhi (NVI): A US citizen has died from the novel coronavirus in Wuhan, the epicentre of the epidemic in China, the US embassy said today. The 60-year-old is the first American to die from the illness, according to the embassy.

“We can confirm that a 60-year-old US citizen diagnosed with coronavirus died at a hospital in Wuhan, China, on February 6,” an embassy spokesman said.

The US will offer up to $100 million to China and other impacted countries to combat the fast-spreading coronavirus, Secretary of State Mike Pompeo said.

“This commitment – along with the hundreds of millions generously donated by the American private sector – demonstrates strong US leadership in response to the outbreak,” Pompeo said in a statement.

Meanwhile, passengers on a cruise ship quarantined off Japan are facing more woes as government officials reported three more cases of coronavirus infection.

Solar panels made mandatory for all new houses in California

New Delhi (NVI): In California, every new home that is built after January 2020 must have solar panels installed on the roof, according to a new law.

The California Rooftop Solar Mandate applies to homes, and complexes up to three stories high. The size of the solar panel system that’s built is based on the square footage of the building, so it can meet the energy usage of the people living in it, as mentioned by Solargraf.

The California Energy Commission (CEC) says the goal is meant to zero-out energy consumption.

The new law should make home ownership more affordable, since homeowners would save on their utility bills.

The rules around energy storage devices are also changing. Those devices now generate a credit toward the minimum building efficiency standard, which will give builders more flexibility in how they meet the state’s energy efficiency codes.

Since not every area has ideal sun exposure for an efficient solar system, not all homes are required to include panels. New constructions can also abide by the new rules by connecting to a shared solar grid/solar farm built to serve multiple homes or neighborhoods.

One concern for California residents lies with the electric costs for everyone still using the grid. While people purchasing a brand new home equipped with a solar system will either pay nothing for their electricity or a fraction of their previous bills, that leaves it up to everyone who doesn’t benefit from solar to pick up the bill.

The reason for this is simple: the more people who opt out of traditionally generated power, the more the utility companies need to increase their prices to keep revenue coming in. People who are still on the grid, either because they don’t own a home or their home doesn’t have panels will end up having to pay more for the same power.

Another issue that this change will cause is the increase in the cost of building homes in California. While solar energy systems are estimated to save the average customer $19,000 over 30 years it also adds an estimated cost of about $8,400 to the total for the home construction. This could mean that a new home may no longer be an affordable or cost-effective purchase for those who may have been able to buy one before.

Maruti Suzuki Jimny at Auto Expo

Maruti Suzuki Jimny

New Delhi (NVI): Maruti Suzuki India today showcased fourth-generation Jimny SUV on the fourth day of Auto Expo at Greater Noida.

The 4X4 Jimny is an off-road vehicle which boasts a robust built with a tough and compact platform.

Maruti Suzuki is trying to up its game in the SUV space by introducing Futuro-E concept which is an electric coupe concept which serves to preview a new line of future Maruti Suzuki SUVs.

Jimny sports a rectangular body shape which helps it use a ladder frame, low range transfer gear and 3-link rigid axle suspension to boost performance while ensuring ride comfort.

Suzuki has brought the long wheelbase Suzuki Jimny Sierra, sold in Europe instead of the short-wheelbase Kei car version that is sold in Japan.

The new Maruti Suzuki Jimny will be sold through the Nexa retail channel and will have a premium positioning. This will help separate it from sibling Vitara Brezza, which will continue to sell through the Maruti Suzuki Arena retail channel.

Jimny uses a 1.5-litre petrol engine with a 5-speed manual and 4-speed auto gearbox. There is a 4×4 transfer case with a low-range option, offering good off-road ability.

Unlike the Gypsy, the Jimny isn’t a barebones SUV. It comes with a host of equipment like a touchscreen infotainment system, digital driver information display, and automatic climate control. Safety kit includes a forward braking assist, shock-absorbing seat design, 6 airbags, and ESP and ABS.

Jimny will most probably hit showrooms by 2021. It will rival the new Force Gurkha and the next-gen Mahindra Thar.

Asia would continue to dominate solar PV use: IRENA

New Delhi (NVI): Asia will continue to lead global solar PV (photovoltaic) installations, with 65% of the total capacity installed by 2030, according to International Renewable Agency (IRENA).

Among the world’s regions, Asia is poised to dominate global solar PV installations in the Renewable Energy map (REmap) scenario, followed by North America and Europe, according to a paper published by IRENA.

Asia would continue to dominate solar PV use, with over 50% of installed capacity, followed by North America (20%) and Europe (10%), shows the analysis.

The report says that Solar PV power generation is witnessing a steady rise which forms a vital part of global energy transformation. Reducing carbon dioxide (CO2) emissions is at the heart of the world’s accelerating shift from climate-damaging fossil fuels towards clean, renewable forms of energy, the analysis says.

The research paper — “Future of solar photovoltaic: Deployment, investment, technology, grid integration and socio-economic aspects” — follows the REmap (Renewable Energy) case outlined in IRENA’s Global Energy Transformation roadmap, which highlights ways to step up the energy transformation over the next three decades in contrast to current plans.

The IRENA analysis presents options to speed up deployment and fully unlock the world’s vast solar PV potential over the period until 2050. It highlights the growth needed in solar PV to achieve climate goals. It also offers insights on cost reduction, technology trends and the need to prepare electricity grids for rising shares of solar PV.

The report also states that in addition to fulfilling the Paris Agreement, renewables are crucial to reduce air pollution, improve health and well-being, and provide affordable energy access worldwide.

India is also among the major players in Asia that are focussing on clean, renewable energy to tackle air pollution. In the latest Budget, the stakeholders from the solar industry broadly welcomed the Narendra Modi led NDA government’s Union Budget 2020, which gave attention to the power and renewable energy sector.

India currently has a domestic manufacturing capacity of 3 gigawatts (GW) for solar cells and imported $2.16 billion worth of solar photovoltaic (PV) cells, panels, and modules in 2018-19.

Weight gain before the age of 40 may increase cancer risk

Representational image

New Delhi (NVI): If your weight starts increasing before you turn 40, then you are more at the risk of getting caught by cancer, a recent study claims.

The 2019 study at the University of Bergen in Norway tried to find out whether adults (over forty) who are overweight (BMI over twenty-five) or obese (BMI over thirty) have different types of increased cancer risks.

It was shown in the study that if you become obese before the age of forty, then the chances of these cancers increase:

*70% of endometrial cancer
*Renal-cell cancer (fifty-eight per cent in men.
*Twenty-nine per cent chance of colon cancer in men.

The probability of all types of cancer-related to obesity increases by fifteen per cent in men and women, the study found.

“Obesity is known to be a risk factor for many cancers,” said Professor Tone George of the Department of Global Public Health and Primary Care at Bergen University., who headed the study.

In this research, we focused on the time, degree and duration of obesity risk, cancer risk and being overweight, he said.

Researchers in the study included adults with two or more measurements and separately placed them for at least three years before potentially diagnosed cancer. Researchers monitored the activities of all individuals for an average of about eighteen years.

The findings of the study also revealed that post-menopause women who are overweight and obese, have a higher risk of breast cancer, endometriosis, kidney cancer and colon cancer risk.

Participants from Norway, Sweden and Austria participated in this study. The study, Mee-Can, analyzed data from 2,20,000 (two lakh twenty thousand) adults. Health screening information, including length and weight, was correlated with data from the National Cancer Registry.

During the investigation, 27,881 (twenty-seven thousand and eight hundred eighty-one) adults were diagnosed with cancer, of which 35 (thirty-five) per cent i.e. 9,761 (nine-thousand seven hundred sixty-one) were related to obesity.

Obese participants were found to be at a higher risk of developing obesity-related cancer than those with normal BMI (BMI greater than thirty) in the first and second health check-ups.

“Cancer risk was found to be sixty-four per cent in men and forty-eight per cent in women,” said George.

Professor George said, “our main message is to create a necessary public health strategy to reduce the risk of cancer, by the prevention of weight gain.”

Israel researchers grow date plants from 2,000-year-old seeds

The tree researchers named 'Methuselah.' (Source: Haaretz)

New Delhi (NVI): Israeli researchers have claimed that they successfully grew extinct date plants from ancient seeds found at archaeological sites in the Judean Desert.

A handful of date seeds from fruit that ripened around the time of Jesus have been successfully planted and grown in southern Israel.

The seeds, dubbed Adam, Jonah, Uriel, Boaz, Judith and Hannah, were among many others discovered at the archaeological sites.

The results of the research have been published in the journal ‘Science Advances’.

It is not the first time the team have managed to grow ancient seeds: in 2008 they reported that they had germinated a 1,900-year-old Judean date palm seed from Masada – an ancient site extended by Herod the Great in the first century BC that looks out over the Dead Sea. That plant, a male, was named Methuselah after the oldest character in the Bible.

Today, Methuselah is an adult tree. But because it is male, it will never bear fruit.

And with the newly germinated seeds including females, the discovery could bear further fruit: the team say they hope to apply Methuselah’s pollen to Hannah – which is expected to produce a flower within the next two years – with the goal of producing dates.

Elaine Solowey of the Arava Institute of Environmental Studies said the dates owe their survival to the special conditions around the Dead Sea. The fact that they were found at sites 300 meters below sea level may have protected them from radiation.

Writing in the journal Science Advances, Sara Sallon of Hadassah Medical Organization and colleagues report how they planted 32 Judean date palm seeds retrieved from a variety of archaeological sites across the Judean desert. These include Masada and caves at Qumran – shelters best known for concealing the Dead Sea scrolls but which were also used by refugees in ancient times.

After the seeds germinated, fragments of the seed shells were sent to Switzerland to be dated. The tests showed that they date to somewhere between the third century B.C.E. and the first century C.E. This overlaps with the peak period of human activity at Masada and Qumran, which was between the first century B.C.E. and the first century C.E.

The seedlings’ genetic composition indicates that they are a hybrid of the two species of dates known today – the eastern one, whose habitat stretched from the Mediterranean Sea to India, and the western one, which was found in North Africa. The researchers speculated that these two species first interbred in the Land of Israel.

But they noted that the older seeds have more eastern DNA. Thus they concluded that the eastern strain was the native species, but that farmers in the Judean Desert may have interbred the two species 2,000 years ago to produce better dates.

On poll day, Delhi wakes up to chilly weather; shallow fog in some parts

New Delhi (NVI): The national capital today woke up to chilly morning, with shallow fog in some parts even as the weather is clear.

Despite cold conditions, Delhiites turned up in large numbers to cast their vote for the Assembly elections today.

The minimum temperature was recorded at 6 .0 degrees Celsius and the maximum at 21 degrees.

However, the air quality remains in ‘very poor’ quality due to shallow fog in some areas.

The MeT department said, “At 0530 hrs IST today, visibility (in meters) reported at Delhi Safdarjung 0800, Delhi Palam-1200.”

The weatherman added that no major fog is reported and visibility is more than 1000 meters at most of the stations.

“However, at 07000 hrs IST of today, Amritsar Airport recorded fog with 200 meter visibility,” as per MeT report.

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