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Hyderabad Metro reports losses in Q4FY24, cites Mahalakshmi scheme impact In the quarter ending March 31, 2024, Hyderabad Metro Rail witnessed a decline in performance, with notable losses attributed to the implementation of the Mahalakshmi scheme. This initiative, aimed at providing free bus entitlement to women, has significantly affected the metro's average ridership, impacting its financial standings. Decrease in Ridership The official figures released by Larsen & Toubro (L&T), the conglomerate behind Hyderabad Metro Rail, indicate a rise in average ridership per day from 4.08 lakh passengers in Q4FY23 to 4.41 lakh passengers in Q4FY24. However, this growth is overshadowed by the previous quarter's average ridership of 4.44 lakh passengers per day, showcasing a slight decline in performance. Mahalakshmi Scheme's Influence P. Ramakrishnan, Head of Investor Relations at L&T Limited, highlighted during the Q4FY24 financial report that the decrease in ridership can be primarily attributed to the impact of the Mahalakshmi scheme on passenger numbers. The provision of free bus entitlement for women has altered commuters' preferences, leading to a shift away from metro usage. Prospects of Recovery Despite the current challenges, R Shankar Raman, Chief Financial Officer at L&T, expressed optimism regarding the potential recovery of Hyderabad Metro's ridership. He suggested that the implementation of stricter mandates by IT companies for employees to return to office work could serve as a catalyst for boosting ridership. IT Sector Influence Telangana State
  • May 12, 2024

Impact of Mahalakshmi Scheme on Hyderabad Metro’s Q4FY24 Performance

In the quarter ending March 31, 2024, Hyderabad Metro Rail witnessed a decline in performance, with notable losses attributed to…
23 Arrests Made for Onion Disruption During KTR’s Bhainsa Roadshow The disruption during KTR’s roadshow in Bhainsa serves as a reminder of the challenges inherent in maintaining public order during political events. Effective law enforcement measures, coupled with responsible leadership and community engagement, are essential for preserving peace and harmony in society. Telangana State
  • May 10, 2024

23 Arrests Made for Onion Disruption During KTR’s Bhainsa Roadshow

In a recent incident during BRS working president KT Rama Rao’s roadshow in Bhainsa, 23 individuals were apprehended for creating…
State Government of Telangana has declared May 13 and June 4 as paid holidays. This decision comes in light of the upcoming Lok Sabha elections and the Secunderabad Cantonment by-election. Chief Secretary A Santhi Kumari has issued orders to district Collectors and District Election Officers across the state to implement this directive. Importance of Paid Holidays for Elections Ensuring Voter Participation Paid holidays during elections play a crucial role in facilitating voter turnout. By granting citizens time off from work, the government aims to remove barriers to voting, thereby promoting democratic participation. Encouraging Civic Engagement Beyond voting, paid holidays encourage citizens to engage more actively in the electoral process. Whether volunteering at polling stations, participating in campaigns, or attending political events, individuals have the opportunity to contribute to their communities during these designated holidays. Implementation and Compliance Responsibilities of District Collectors and Election Officers District Collectors and District Election Officers are tasked with ensuring the effective implementation of paid holidays on May 13 and June 4. They are responsible for disseminating information to employers and employees within their respective jurisdictions and monitoring compliance with the government's directive. Telangana State
  • May 7, 2024

Telangana Government Declares May 13 and June 4 as Paid Holidays

In a recent announcement, the State Government of Telangana has declared May 13 and June 4 as paid holidays. This…
The Rising Cost of Eggs in Hyderabad: A Pocket Pinch for Consumers Understanding the Surge in Egg Prices In recent times, residents of Hyderabad have been facing a significant rise in the cost of eggs, a staple in many households. What used to be an affordable commodity has now become a burden on the pocket. Let's delve into the factors contributing to this surge. Last Year's Comparison On May 4 last year, the price for 100 units of eggs stood at Rs 420. However, fast forward to this year, and the cost has escalated to Rs 445. This notable increase within a year's time frame raises concerns among consumers. Factors Driving the Price Hike Market experts point towards several factors fueling this upward trend. The foremost among them is the shortage in the supply of eggs in Hyderabad. This scarcity has led to a surge in prices, leaving consumers grappling with the financial impact. Telangana State
  • May 6, 2024

The Rising Cost of Eggs in Hyderabad: A Pocket Pinch for Consumers

The Rising Cost of Eggs in Hyderabad: A Pocket Pinch for Consumers, Understanding the Surge in Egg Prices In recent…
ED Recovers Rs 20 Crore from Domestic Help Linked to Jharkhand Minister's Secretary Introduction In a recent development, the Enforcement Directorate (ED) has made a significant recovery of unaccounted cash allegedly linked to Jharkhand Rural Development Minister Alamgir Alam's Personal Secretary, Sanjiv Lal. This recovery, totaling approximately Rs 20 crore, has sparked widespread attention and raised questions about the origins and implications of such a substantial sum. Let's delve deeper into the details surrounding this discovery and its potential ramifications. The Discovery During their search operations, the ED unearthed a staggering amount of cash, purportedly unaccounted for, from the premises associated with Sanjiv Lal, the Personal Secretary to Jharkhand Minister Alamgir Alam. The recovered cash, amounting to Rs 20 crore, was found in the possession of Lal's household help. This revelation has brought to light the complexities surrounding the Veerendra Ram case, shedding new light on the intricate we Telangana State
  • May 6, 2024

ED Recovers Rs 20 Crore from Domestic Help Connected to Jharkhand Minister’s Secretary

ED Recovers Rs 20 Crore from Domestic Help Connected to Jharkhand Minister’s Secretary, In a recent development, the Enforcement Directorate…
TSPSC Group 3 Vacancy Reservation Announcement For Women: A Step Towards Gender Equality Introduction Overview of TSPSC Group 3 recruitment Significance of the reservation announcement Historical Context Past trends in TSPSC recruitment Gender disparity in government jobs TSPSC’s Commitment to Women’s Empowerment TSPSC’s role in promoting gender equality Secretary Naveen Nicholas’s statement Analyzing the 33.33% Reservation Policy Details of the reservation policy Comparison with reservation policies in other states Impact on Women Aspirants Reactions from women seeking government jobs Expected changes in the recruitment landscape Telangana State
  • May 6, 2024

Telangana 33% Woman Reservation Policy for TSPSC Group 3 Vacancies

Championing Gender Equality: TSPSC’s Progressive Step for Women Empowerment Hey there, Telangana 33% Reservation Policy for TSPSC Group 3 Vacancies…
Vijayawada Metro Rail Project Hyderabad Auto Rickshaw stunt in hitech city Pawan Kalyan Movies are for fun That is not life Pawan Kalyan Throw Away The Mike BRS MLA Prakash Goud Joins Congress