PM Modi to attend UN World Climate Action Summit in Dubai

News Network
November 24, 2023

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New Delhi: Prime Minister Narendra Modi will attend the UN climate talks in Dubai on December 1 and deliver a national statement highlighting India's climate action, sources said on Friday.

The prime minister will reach the UAE on November 30, deliver India's national statement during the United Nations' World Climate Action Summit on December 1 and return the same day, a source told PTI.

The World Climate Action Summit on December 1-2 will see heads of states and governments, leaders from civil society, business, youth, indigenous peoples' organizations, frontline communities, science and other sectors discussing actions and plans aimed at scaling climate action. 

Modi has been championing Lifestyle for Environment (LiFE movement), urging countries to adopt planet-friendly living practices and move away from deeply consumerist behaviours.

Recognising the criticality of this decade (2021-2030) for climate action, there's a call for rebalancing consumption patterns between the Global North and South.

Differences in historic emissions and contributions to global warming across nations are evident. For instance, while the US accounts for only 4 per cent of the current global population, it contributed 17 per cent of global emissions between 1850 and 2021. In contrast, India, representing 18 per cent of the world's population, has contributed only 5 percent of greenhouse gas emissions to date.

According to Oxfam International, a group of independent charitable organisations, the world's wealthiest 10 per cent were responsible for around half of global emissions in 2015. 

Modi had attended the Glasgow climate talks in 2021 and announced India's strategy to combat climate change.

In August last year, India updated nationally determined contributions or nation action plan to achieve the goals set in the 2015 Paris Agreement, especially the target of limiting global warming to well below 2 degrees Celsius and preferably to 1.5 degrees Celsius.    

India's updated NDCs aim to reduce emissions intensity of gross domestic product by 45 per cent by 2030 from 2005 levels and achieve 50 per cent cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030.

Union Environment Minister Bhupender Yadav will also participate in high-level events and roundtables of the 28th session of the annual climate talks (COP28), including on finance for climate goals, emissions reduction, adaptation to climate impacts, and transitioning to a green economy with inclusivity.

COP28, scheduled to take place from November 30 to December 12 in Dubai, UAE, will see the conclusion of the first-ever 'global stocktake', a periodic review of collective progress to meet the Paris Agreement goals.  This assessment will shape forthcoming climate action plans or NDCs by 2025.

The climate conference may see hectic negotiations on how the fund meant to provide financial support to developing and poor countries for climate impacts should operate, and funding for adaptation. 

The global south would demand the global north to undertake rapid decarbonization and massively scale up finance and technology support to limit global warming to 1.5 degrees Celsius. Discontent among developing countries regarding unfulfilled promises of financial aid, particularly the yet-to-materialize $100 billion pledged by rich countries by 2020, is expected.

Some countries, especially the European Union, are expected to push for a global deal to phase out unabated fossil fuels at COP28.

According to the Intergovernmental Panel on Climate Change, a body of top climate scientists in the world. 

Global emissions need to drop 43 per cent below 2019 levels by 2030 to avoid the worst impacts of climate change, caused largely by GHG emissions from the burning of fossil fuels.

In October, Sultan Al Jaber, the president designate of COP28, urged nations to achieve a responsible phase-down of unabated fossil fuels and increase investments in clean energy. 

'Unabated' refers to fossil fuels burned without employing controversial carbon emission capture technologies, allowing for continued burning if countries utilize technologies to reduce resulting emissions.

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News Network
March 27,2025

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The Karnataka government has announced that Nandini milk will become ₹4 costlier per litre starting April 1, 2025. This is the second price hike this year.

The decision was made during a cabinet meeting led by Chief Minister Siddaramaiah. Karnataka Cooperation Minister K N Rajanna and Animal Husbandry Minister K Venkatesh said the increase is meant to support dairy farmers by covering the rising costs of producing and processing milk.

Officials also said that:

>> The extra money from the price hike will go directly to the milk producers.

>> The earlier ₹2 price hike (announced on June 26, 2024) will be withdrawn.

>> The new price hike of ₹4 will apply to both 500 ml and 1-litre packets.

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News Network
April 1,2025

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As the new financial year begins, several significant financial and tax-related changes take effect from April 1, 2025. Many of these updates were announced by Finance Minister Nirmala Sitharaman in the Union Budget 2025 and have now been officially approved as part of the Finance Bill 2025.

Some of the key changes include income tax exemption on annual earnings up to Rs 12 lakh, deactivation of UPI for long-unused mobile numbers, and suspension of dividend payouts for individuals who haven’t linked their PAN with Aadhaar. Below is a comprehensive look at all the important updates.

1. Income Tax Exemption & New Tax Slabs
Under the revamped tax regime:
✅ Individuals earning up to Rs 12 lakh per year will be completely exempt from income tax.
✅ For salaried employees, a standard deduction of Rs 75,000 raises the effective tax-free limit to Rs 12.75 lakh.
✅ To claim a rebate of up to Rs 60,000, taxpayers must file their returns on time.
✅ The new tax structure applies to income earned between April 1, 2025 – March 31, 2026, and will be reflected in ITR filings for FY 2025-26 (AY 2026-27).

2. Major Changes in TDS & TCS Rules
To provide tax relief and streamline transactions, several TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) amendments have been introduced:
🔹 TDS on bank interest for senior citizens has doubled from Rs 50,000 to Rs 1 lakh.
🔹 TDS on dividend income has increased to Rs 10,000.
🔹 TCS on overseas remittances under the Liberalised Remittance Scheme (LRS) has been raised from Rs 7 lakh to Rs 10 lakh.

3. UPI Deactivation for Inactive Mobile Numbers
The National Payments Corporation of India (NPCI) will start unlinking UPI IDs associated with inactive mobile numbers. If your number has been inactive for a long period:
🔸 Your bank may remove it from their records.
🔸 You could face disruptions in Google Pay, PhonePe, or any UPI-based transactions.
🔸 This change enhances security by preventing unauthorized access to old UPI-linked accounts.

4. New GST Rules
Several Goods and Services Tax (GST) updates take effect:
🔹 Multi-factor authentication (MFA) is now mandatory for logging into the GST portal, improving online security.
🔹 E-way bills can only be generated for documents issued within the last 180 days, ensuring better compliance.
🔹 Hotel room tariffs above Rs 7,500 per day are now classified as "Specified Premises," attracting an 18% GST on restaurant services.

5. Toll Tax Hike Across National Highways
From April 1, 2025, toll charges across various highways will increase:
🚗 Delhi-Meerut Expressway, NH-9: Toll for cars will rise by Rs 5 to Rs 170.
🚛 Trucks and buses will now pay Rs 580 on major highways.
🚗 Delhi-Jaipur Highway: The Kherki Daula toll plaza will maintain current rates for cars, but the monthly pass for larger vehicles will rise by Rs 20 to Rs 950.

6. End of Equalisation Levy on Digital Transactions
The Finance Act 2025 removes the Equalisation Levy, which previously imposed a 2% tax on e-commerce and 6% on online advertisements. This change aims to:
✅ Reduce tax burden on digital service providers.
✅ Attract foreign investments in India’s digital economy.

7. Positive Pay System for Cheque Payments
To prevent bank fraud, the Positive Pay System requires account holders to:
✅ Electronically submit cheque details for payments above Rs 50,000.
✅ Ensure the details match before the cheque is processed.

8. KYC Mandatory for Mutual Fund & Demat Accounts
🔹 KYC (Know Your Customer) verification is now compulsory for mutual fund and demat accounts.
🔹 Nominee details will also undergo re-verification to enhance security.

9. Major Credit Card Perk Reductions
Credit card users will see major perk reductions, particularly with SBI, IDFC First, and Axis Bank:
❌ SBI Cards will remove complimentary insurance coverage for accidents (Rs 50 lakh for air, Rs 10 lakh for rail).
❌ Reward points on SBI Cards will be slashed from 15% to just 5%.
❌ IDFC First Club Vistara cardholders will lose milestone benefits and Club Vistara Silver membership perks.
❌ Axis Bank is discontinuing Maharaja Club tier memberships and premium vouchers.

10. Minimum Balance Rules for Bank Accounts
📌 Major banks like SBI, PNB, and Canara Bank have updated their minimum balance requirements based on account location:
🏙 Urban branches will require higher minimum balances.
🏡 Rural and semi-urban accounts may have lower minimum balance thresholds.
🚨 Failing to maintain the required balance will result in penalty charges, varying by bank.

11. Unified Pension Scheme (UPS) for Government Employees
The Unified Pension Scheme (UPS), introduced in August 2024, takes effect:
✅ Central government employees under NPS can opt for UPS.
✅ Those with at least 25 years of service will receive 50% of their average basic salary as a monthly pension.

Final Thoughts

These changes, introduced as part of the Union Budget 2025, mark a significant shift in India's tax, banking, and digital transaction landscape. With higher tax exemptions, updated TDS & TCS rules, stricter banking security, and GST amendments, the new financial year aims to simplify compliance while improving financial security and economic efficiency.

Stay informed and ensure all necessary updates to your financial accounts to avoid disruptions.

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Avantika Bhat | coastaldigest.com
April 8,2025

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Mangaluru: The academic excellence of Dakshina Kannada continues to shine as the district secured a commendable 93.57% pass percentage in the II PU examinations, placing it second among all districts in Karnataka. Although it stood first last year with 97.37%, the district has maintained a consistent record of high performance.

Over the past years, Dakshina Kannada's performance has been as follows: 95.33% in 2022-23, 88.02% in 2021-22 (a year in which all students were declared pass due to the COVID-19 pandemic), 90.91% in 2018-19, 91.41% in 2017-18, 89.92% in 2016-17, 90.48% in 2015-16, 93.09% in 2014-15, 86.04% in 2013-14, and 85.88% in 2012-13.

Behind the Performance

In-charge Deputy Director of the PU Department, Sridhar H G, attributed the results to collective efforts.

“The department constituted taluk-level Shaikshanika Samithis, which analyzed results college-wise and helped identify areas needing improvement. Remedial classes were held for weaker students. Both government and private PU colleges worked hard, aiming for better outcomes. The district has also produced state toppers in both science and commerce streams,” he said.

Science Stream Brilliance from DK

Among the brightest stars is Bindu Navale from Alva’s PU College, who topped the Science stream with 598 marks, sharing the top spot with two others. A dedicated and sincere student, Bindu said she remained calm and consistent throughout the academic year. Her teachers praised her meticulous approach and in-depth understanding of core subjects. She now plans to appear for national-level entrance exams to pursue a career in the medical field.

Commerce Achievers Who Made DK Proud

In the Commerce stream, Pranay Balasaheb Alagouda and Vaishnavi Prasad Bhat, both from Alva’s PU College, secured 597 marks, earning their place among the state toppers. Pranay, who hails from Vijayapura, expressed deep gratitude for the academic environment at his college. He plans to pursue BCom with aspirations of cracking competitive exams. Vaishnavi, known for her consistent performance and disciplined study habits, aspires to explore the field of finance and management in the future.

Top Performers Speak

Shreevidya, a student of Government PU College, Kaniyoor, scored 595 in the Science stream. She said she had expected 598 marks and plans to apply for revaluation.

“I used to study three to four hours daily. Our lecturers supported us with study materials, which really helped. I aspire to clear the UPSC exam and will pursue BSc followed by MSc in Mathematics. I also write poems,” she said.

She is the daughter of Narayana A K and Shailashree.

Shreya S, a student of Expert PU College who hails from Hassan, scored 597 marks in Science. She plans to appear for NEET to pursue a career in medical sciences.

Her parents, Suresh and Savitha, are doctors.

P Yuktha Sree, a student of Vivekananda PU College, secured 593 marks in the Arts stream and expressed her delight at being one of the state toppers.

Hailing from Bengaluru, she said, “I was attentive in class and studied intensively during the final month. I plan to become an IAS officer and will pursue graduation along with UPSC coaching.”

Her principal, Mahesh, noted that Yuktha was diligent and often clarified her doubts with teachers.

Pramukh Tulupule, from Excellent PU College, Moodbidri, scored 596 in Science.

“There was no pressure. I studied regularly, and mock tests conducted by our teachers helped a lot. I aim to become an engineer,” he shared.

Anoop Shawn Gomes, also from Excellent PU College, Moodbidri, secured 596 marks in the Commerce stream.

Originally from Balehonnur in Chikkamagaluru, he said, “The environment in the college and hostel was supportive. I plan to pursue BCom along with Chartered Accountancy.”

Other Toppers

Arts Stream:

Prakruthi N, Alva’s PU College – 591

G Lavanya, St Aloysius PU College – 590

Niriksha Ria Noronha, St Agnes College – 590

Thafhima Fathima, St Aloysius PU College – 590

Banavath Mayukha, Alva’s PU College – 589

Commerce Stream:

Pranay Balasaheb Alagouda, Alva’s PU College – 597

Vaishnavi Prasad Bhat, Alva’s PU College – 597

Anoop Shawn Gomes, Excellent PU College, Moodbidri – 596

Hanshitha Shetty, St Aloysius PU College – 595

N Bindu Bhat, Canara PU College – 595

Priyamvrath Bhat, Vijaya PU College, Mulki – 595

Richa Ganesh Dalvi, Shakthi PU College – 595

Sannidhi Mangesh Shanbagh, Alva’s PU College – 595

Sharel Lavita Rodrigues, Alva’s PU College – 595

Vismaya Bhat, Alva’s PU College – 595

Adithi K, Excellent PU College – 594

Chaitanya N, Vivekananda PU College – 594

K S Siri Gowri, Vikas PU College – 594

Minnal Binu, Govinda Dasa PU College – 594

Pradyumna R Urala, St Aloysius PU College – 594

Shreyas M, Mangalore Independent PU College – 594

Vaishnavi Shetty, Alva’s PU College – 594

Science Stream:

Bindu Navale, Alva’s PU College – 598

Raja Yadu Vamshi Yadav, Alva’s PU College – 598

Vijet G Gowda, Alva’s PU College – 598

Akshay M Hegde, Alva’s PU College – 597

Preksha M S, Alva’s PU College – 597

Padmavati Malleshappa Badagi, Alva’s PU College – 596

Shadjay A P, Expert PU College – 596

Abhiraam Bhat, Satya Sai Lokaseva PU College – 595

Chinmanyi R, Expert PU College – 595

Darshan Shetty, Alva’s PU College – 595

Dhanyatha Gowda, Expert PU College – 595

Shri Vatsa, Satya Sai Loka Seva College – 595

Tushara B S, SDM College – 595

Rohan H Shenoy, Expert PU College – 595

Vachana Bagodi, Expert PU College – 595

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