Telangana Affairs
Lulu Group to invest over Rs 3,500 crore in Telangana over next 5 years
UAE-based retail giantLulu Groupis all set to drive into with an Investment of over Rs 3,500 crore in setting up malls and Food Processing facilities over the next five years, chairmanYusuff Ali MAsaid.
The investments include Rs 2,500 crore in setting up a destination mall on the outskirts of Hyderabad that will generate around 12,000 jobs. The group also inked MoUs with theTelangana governmentfor these investments.
But first off the block will be its Rs 300 crore investment in rolling out the firstLulu mallandLulu Hypermarketin Hyderabad’s Kukatpally area where the group has taken over the 5 lakh square feet Manjeera mall.
The 2 lakh square feet Lulu Hypermarket will not just offer fresh produce and grocery but will also have fashion, Home appliances, electronics, mobiles, IT, and lifestyle products under the brand names Lulu Fashion Store and Lulu Connect.
The project, which is expected to generate EMPLOYMENT for over 2,500 people, is expected to commence commercial operations in the next 18 months.
The UAE-based group is also planning mini malls on the outskirts of Hyderabad and other major cities and towns in the state with an investment outlay of Rs 1,000 crore.
The Abu Dhabi-based $8 billion turnover Lulu Group operates over 250 hypermarkets and 24 shopping malls across 22 countries with a global headcount of over 65,000.
National and International Affairs
NHAI Launches Knowledge Sharing Platform for Inclusive Development of National Highways
For sharing of knowledge and innovative best practices, NHAI has launched a Knowledge Sharing platform. Hosted on the NHAI website, this initiative will help the authority to collaborate with experts and citizens who want to share knowledge and insights related to topics such as road design, construction, road safety, Environment sustainability and related fields. The platform will encourage sharing of best practices from around the world and will contribute towards holistic development of the National Highway in the country.
With the development of State-of-the-art Tunnels, Modern bridges, wildlife corridors and Expressways, it is important for National Highway Infrastructure Development to have wider participation. The knowledge sharing platform will encourage experts and citizens to share best practices and contribute towards Nation Building.
NANDI portal launched to help lakhs of farmers by promoting livestock industry
In order to expedite regulatory process for approval of animal drugs and Vaccines, the department has developed NANDI portal.
In order to expedite regulatory process for approval of animal drugs and vaccines, the department has developed NANDI portal through CDAC in coordination with Central Drugs Standard Control Organization (CDSCO) in pursuance of the spirit of Digital India vision.
NANDI is intended to bring about Growth and innovation by enabling quick and easy coordination between various Government Departments, Institutes, and through a seamless interconnected system designed to expedite and strengthen the regulatory process. The portal has inbuilt features for end-to-end coordination between departments, committees, subcommittee and applicants.
The Department of Animal Husbandry and Dairying (DAHD) will facilitate the regulatory approval process with transparency to assess and examine veterinary product proposals with this portal. Through this portal, things would be streamlined through seamless integration with the SUGAM portal of the Central Drugs Standard Control Organization.
National sickle cell anaemia elimination mission launched
Prime Minister Narendra Modi will launch the National Sickle Cell Anaemia Elimination Mission at a public programme in Shahdol, Madhya Pradesh, on Tuesday with a target that no baby should be born with the genetic blood disorder condition by 2047.
As announced in the budget 2023-24, the mission will focus on awareness building, universal screening of seven crore people in the age group of 0-40 years in affected tribal areas and counselling through collaborative efforts of central ministries and state governments.
The Mission will be implemented in 278 districts of 17 high focused states in the country namely Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Jharkhand, Chhattisgarh, West Bengal, Odisha, Nadu, Telangana, Andhra Pradesh, Karnataka, Assam, Uttar Pradesh, Kerala, Bihar, and Uttarakhand.
According to reports, around 20 percent of children with SCD die by two years of age and 30 per cent children from tribal areas die before they reach adulthood. Most of them suffer periodic episodes of extreme pain. A major symptom of sickle cell anemia, pain develops when sickle-shaped red blood cells block blood flow through tiny blood vessels to the chest, abdomen and joints of the patients.
It is estimated that about one in 86 births among STs have SCD that affects haemoglobin in red blood cells, which can result in morbidity and mortality. Therefore, early detection, management, and treatment of the disease is critical.
S&P Global Ratings retains FY24 India growth projection at 6 per cent
S&P Global Ratings retained Indias GDP Growth forecast at 6 per cent saying it will be the fastest growing economy among Asia Pacific nations.
The GDP growth forecast for the current and the next fiscal has been kept unchanged from the forecast made in March partly on account of domestic resilience.
The medium-term growth outlook remains relatively solid. The Asian emerging market economies remain among the fastest growing ones in our global growth outlook through 2026.