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Both Houses of Parliament convene after multiple adjournments, focusing on key legislation. Union Minister Anupriya will address the implementation of health recommendations, while Finance Minister Nirmala Sitharaman will present the Banking Laws (Amendment) Bill, 2024. Additionally, Railway Minister Ashwini Vaishnaw will introduce the Railways (Amendment) Bill, 2024, and Health Minister J.P. Nadda will initiate elections for AIIMS members.
Shares of HBL Power and Kernex Microsystems surged on November 28 following Railway Minister Ashwini Vaishnaw's update on the 'Kavach' system deployment. The next phase includes equipping 10,000 locomotives and inviting bids for trackside works covering approximately 15,000 RKm. HBL Power's shares rose 1.62% to Rs 626.4, while Kernex hit an all-time high, locked at a 5% upper circuit at Rs 1,110.75.
The Cabinet has approved a Rs 3,700 crore investment for two hydro power projects in Arunachal Pradesh, including the 186 MW Tato-I Hydro Electric Project in Shi Yomi District, which will generate 802 million units of energy. The project, set to be completed in 50 months, will be a joint venture between NEEPCO and the state government, providing 12% free power and enhancing local infrastructure and socio-economic development. The Centre will also support the project with Rs 77.37 crore for infrastructure and Rs 120.43 crore for equity.
India is unlikely to import Shinkansen bullet trains from Japan due to stalled price negotiations and changes in project norms. Instead, the focus has shifted to a Make-in-India approach, with a contract awarded to BEML Ltd and Medha Servo Drives in September 2024. Ongoing discussions with Japan have not reached a consensus on pricing or test run timelines, complicating the project further.
Rajeev Chandrashekhar emphasizes the need for Big Tech to compensate traditional media for content, highlighting the imbalance in the relationship between major platforms and content creators. He points out that while these platforms benefit from publicly available content, original creators often see little return, especially as AI models are trained on this material. The discussion around regulation and fair compensation is becoming increasingly urgent in India.
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