Key Indian equity indices trade higher ahead of RBI policy announcement
Mumbai, June 6 : Investors' sentiment turned positive ahead of the RBI monetary policy committee (MPC) outcome on Wednesday that helped the key Indian equity indices trade higher.
The 30-scrip Sensitive Index (Sensex) was trading 102.57 points or 0.29 per cent higher.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 33.40 points or 0.32 per cent higher at 10,626.55 points.
The Sensex of the BSE, which opened at 34,932.49 points, traded at 35,005.78 points (at 10.59 a.m.), 102.57 points or 0.29 per cent higher from the previous day's close at 34,903.21 points.
The Sensex touched a high of 35,079.37 points and a low of 34,896.37 points in the trade so far.
Also the World Bank has forecast that India is projected to regain its position as the world's fastest growing major economy advancing 7.3 per cent this fiscal year and 7.5 per cent in the next two "as factors holding back growth in India fade".
The growth projections reflect "robust private consumption and strengthening investment," the bank's Global Economics Prospects report released on Tuesday said.
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Delhi pollution: More areas in 'severe' category
fines of Rs 5.85 cr imposed as restrictions tightened
New Delhi, Nov 16: Delhi's air quality worsened further on Saturday, with many areas in the "severe" category, even as authorities intensified their action by imposing penalties of around Rs 5.85 crore on the first day of anti-pollution measures under the third stage of Graded Response Action Plan (GRAP).
The city's 24-hour Air Quality Index (AQI), recorded at 4 pm daily, stood at 417, making it the worst in the country. On Friday, the AQI level was 396.
According to the Central Pollution Control Board (CPCB), the "severe" category air poses risks to healthy individuals and severely impacts those with existing health conditions.
Out of Delhi's 39 monitoring stations, data shared by the CPCB showed that all except for Sri Aurobindo Marg reported air quality in the "severe" category, with AQI levels above 400.
An AQI between 0 and 50 is considered 'good', 51 and 100 'satisfactory', 101 and 200 'moderate', 201 and 300 'poor', 301 and 400 'very poor', 401 and 450 'severe' and above 450 'severe plus'.
As the restrictions under the third stage of GRAP came into force on Friday, authorities intensified action against those violating norms with teams of traffic police, transport department and others penalising violators.
On Friday, Delhi Traffic Police issued around 550 challans for violation of a ban on the plying of BS III petrol and BS IV diesel vehicles, imposing fines of over Rs 1 crore on the first day of restrictions under the third stage of GRAP.
Violation of this rule invites a penalty of Rs 20,000. Diesel and petrol inter-state buses, except for BS VI diesel, from the NCR cities to Delhi are also banned.
The police also cracked down on vehicles not having Pollution Under Control Certificates (PUCC), as it issued fines to 4,855 vehicles totalling Rs 4.85 crore on Friday.
A fine of Rs 10,000 is imposed on motorists for not having a valid pollution under control (PUC) certificate. These challans get released from courts.
During an inspection of buses at Kashmiri Gate inter-state bus terminal on Saturday, Delhi Environment Minister Gopal Rai alleged that BJP-ruled neighbouring states were exacerbating air pollution in the capital by sending BS-IV diesel buses despite a ban.
"The BJP governments are deliberately sending diesel buses to Delhi, which is prohibited under the current guidelines, to worsen air pollution," said Rai pointing to states like Haryana, Uttar Pradesh, and Rajasthan.
As part of efforts to combat pollution, Rai announced that a total of 84 enforcement teams from the Transport Department and 280 teams from the Traffic Police have been mobilised to ensure strict adherence to the ban.
Additionally, there is a stringent ban on construction and demolition activities, suspension of mining-related activities, and daily water sprinkling on major roads. City schools for classes up to 5 will shift to online mode after the weekend.
The GRAP for Delhi-NCR is divided into four stages of air quality: Stage 1 for "poor" air quality (AQI ranging from 201 to 300), Stage 2 for "very poor" air quality (AQI from 301 to 400), Stage 3 for "severe" air quality (AQI from 401 to 450), and Stage 4 for "severe plus" air quality (AQI above 450).
The air quality in neighbouring Haryana was no better, with Jind recording the second-worst AQI in the country with a reading of 394, while Bahadurgarh ranked third with a reading of 388. The Haryana government Saturday authorised deputy commissioners to discontinue physical classes for up to Class 5 in schools in their respective districts after assessing the prevailing situation in the wake of rising pollution.
Meanwhile, old age homes across Delhi are intensifying measures to protect the elderly which include strict restrictions on outdoor activities during peak pollution hours, mandatory mask use, and oxygen cylinders on standby for emergencies.
General Bhupendra Singh, Chairman of Aashirwad Old Age Home, said, "We do not allow anyone to step outside the premises due to the toxic air quality. The elderly, being the worst affected group, are strictly prohibited from venturing out during peak pollution hours, especially in the morning and evening."
"If they must go out for medical appointments, they are instructed to minimise outdoor time and wear masks for protection," he added.
Rajeshwari, a caregiver at the Sai Sahara old age home highlighted the additional precautions being taken.
"We are focusing on maintaining a healthy diet for the residents and have restricted outdoor activities, including morning walks, due to the severe air quality," she said.
According to the Centre's Decision Support System for Air Quality Management, stubble burning was the main contributor to Delhi's air pollution on Thursday, accounting for 37 per cent of the total pollution.
Vehicular emissions contributed approximately 12 per cent to the overall pollution, it said.
Meanwhile, the prominent pollutant was PM2.5, according to the CPCB.
PM2.5 refers to fine particles with a diameter of 2.5 micrometres or less, about the width of a human hair.
These particles are so small that they can penetrate deep into the lungs and even enter the bloodstream, posing significant health risks.
