Delhi has been named the most competitive city in India for its demonstrated ability to attract capital, business, talent and tourists by a new Economist Intelligence Unit (EIU) research report.

The study, commissioned by the Citigroup, ranked Delhi at number 68 in the list of 120 of the world’s major cities. The national capital has edged out financial hub of Mumbai, which ranked 70th in the index, followed by Bangalore, India’s Silicon Valley, at 79th rank, Pune at 97, Chennai at 105 and Kolkata at 106.

Taking the Delhi Government to task, North Delhi Municipal Corporation’s Leader of the House Mahender Nagpal on Thursday said that the agreement signed between the Delhi Jal Board and a Singapore-based company to purify water confirms that the water supplied is contaminated.

Mr. Nagpal said under this agreement there is a plan to install water treatment plants to purify contaminated water.

The Delhi Jal Board on Wednesday signed a memorandum of understanding (MoU) with Singapore Cooperation Enterprise (SCE) with an aim to recycle and reuse waste water in a major way to help meet the

Delhi on Wednesday signed an agreement with Singapore to set up waste water treatment plants that will generate ‘new water’ for the city’s consumption. ‘New Water’ as it is popularly called is treated sewage and waste water that is being increasingly used in cities where water is in short supply.

The waste water is treated extensively and made fit for use. Singapore has an expertise in setting up ‘new water’ plants and is considered a successful model of waste water recycling and reuse.

New Delhi Industry body Ficci has told the Supreme Court that the auction method (i.e. a market-based system) adopted in allocation of natural resources can “indeed be successful in effectively distributing natural resources” if conducted openly and fairly.

Ficci, in its reply to the Presidential Reference in the 2G spectrum case, said the most countries favour the auction process in allocation of scarce natural resources - mines and minerals, coal, petroleum, natural gas, land, spectrum, water, forest and forest produce - and even in India a preference over the years seems to be emerging in favour of the auction process .

Tokyo has this year become the world’s most expensive city for expatriates, pushing Luanda in Angola, which topped the list last year, down to second position.

Japan has two more cities, Osaka and Nagoya, in the Top 10 list at third and tenth places, according to the Worldwide Cost of Living Survey 2012 by Mercer. Singapore (No. 6 on the list) and Hong Kong (No. 9) are the other Asian cities in the Top 10 list.

The Madras High Court has upheld the validity of a notification issued by the Union Ministry of Health and Family Welfare on March 16 last year banning the manufacture, sale and distribution of Gat

New Delhi: State-run fuel retailers are expected to announce a reduction of between Rs 1.50 and Rs 2 a litre in petrol price on Friday. The cut, once announced, will come into effect from June 1.

The Association of Biotech Led Enterprises(ABLE), the voice of the biotechnology industry in India, has urged for a series of reforms to propel the sector in the next phase of its growth.

The important one among them includes the ones pertaining to finance — upto Rs 5,000 crore biomanufacturing fund for soft loans at 4-6 per cent with a two-year moratorium and five-year tax holiday from date of commercialisation; larger SEZs specifically meant for biologics, including biotech drugs under the ‘free medicines scheme’ being contemplated by the Government of India;

The Nangyang Technological University of Singapore has offered assistance to rehabilitate the Kandy Lake.

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