Vadodara Municipal Corporation withdrew Rs 265 crore from Yes Bank in the nick of time
Vadodara: Vadodara Smart City Development Company, a Special Purpose Vehicle (SPV) of the Vadodara Municipal Corporation (VMC), withdrew Rs 265 crore from Yes Bank a day before the Reserve Bank imposed a moratorium, an official said here on Friday.
On Thursday, the RBI restricted withdrawals from Yes Bank to Rs 50,000 per depositor due to the private lender's precarious financial situation.
Sudhir Patel, chief executive officer of the SPV and deputy municipal commissioner of the VMC, said the amount had been received from the Centre as part of a grant under the Smart City Mission and deposited with a local Yes Bank branch.
It was withdrawn two days ago considering the problems faced by Yes Bank and transferred to a new account at Bank of Baroda, he informed.
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Heatwave scorches Odisha, Jharsuguda reels under 43.6 degrees C
Bhubaneswar (PTI): Heatwave conditions scorched Odisha on Tuesday, with the IMD forecasting that hot and humid conditions would continue in parts of the state.
The IMD’s Bhubaneswar centre said Balasore, Bhadrak, Jajpur, Kendrapara, Cuttack, Jagatsinghpur, Puri, Khurda, Nayagarh, Ganjam and Gajapati districts were likely to experience hot and humid conditions on April 22.
It also predicted thunderstorms accompanied by lightning and gusty surface winds in parts of Mayurbhanj, Keonjhar, Puri, Khurda, Nayagarh, Ganjam, Gajapati, Rayagada and Koraput, among others.
On Tuesday, 18 places across Odisha recorded maximum temperatures of 40 degrees Celsius or above. The industrial town of Jharsuguda was the hottest in the state at 43.6 degrees Celsius.
Sambalpur and Titlagarh recorded 42.5 degrees Celsius each, followed by Hirakud at 42.4 degrees, Bolangir at 42.2 degrees and Angul at 42.1 degrees.
The twin cities of Bhubaneswar and Cuttack recorded 37.9 degrees Celsius and 38.8 degrees Celsius, respectively, with relative humidity levels remaining above 70 per cent.
Meanwhile, the state government directed all district education officers to conduct a Summer Learning Programme for students till class 8 in government schools during the summer vacation.
Officials said students would be given practice assignments along with audio-visual learning content.
Subject-wise assignment sheets have been prepared, while related digital material will be shared through school parents' WhatsApp groups using a chatbot system, they said.
