SC orders halt on construction, violators to be fined Rs 1 lakh : Bulletin: Business Today
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SC orders halt on construction, violators to be fined Rs 1 lakh

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November 5, 2019

Delhi pollution: SC orders halt on construction activity, violators to be fined Rs 1 lakh
The Supreme Court on Monday put a stop on construction and development activity in the city due to the increase in air pollution in Delhi-NCR. The Supreme Court also announced a fine of Rs 1 lakh for violators. The apex court also announced that a fine of Rs 5,000 will be levied on anyone burning or dumping garbage. The Delhi air quality had dipped to 'severe' category last week, where it has remained for the past few days. The court also questioned the Delhi government's Odd-Even rule logic.

RBI tightens pay norms for poorly performing private bank CEOs
The Reserve Bank of India (RBI) on Monday issued revises guidelines on compensation for chief executives (CEOs) and whole-time directors (WTDs) and material risk takers (MRTs) of private banks and foreign banks. The new rules, which will be effective from April 1, 2020, proposes that in case of deterioration in the financial performance of the bank, there should be a contraction in the total amount of variable compensation, which can even be reduced to zero.

Mahindra recalls XUV300 units over faulty suspension parts
Indian auto manufacturer Mahindra and Mahindra has recalled a certain batch of its XUV300 SUVs due to faulty suspension parts. In a filing to the Bombay Stock Exchange, the company said that it will proactively inspect and replace a suspension component on a limited batch of Mahindra XUV300 units manufactured till May 19, 2019. The company has not disclosed the number of vehicles being recalled.

RCEP trade deal: What's next after 15 nations decide to go ahead without India
After much speculation, India on Monday decided to not join the Regional Comprehensive Economic Partnership (RCEP) as negotiations failed to address New Delhi's concerns on the biggest trade deal in the world. The remaining 15 RCEP nations have decided to go ahead without India for now. "The present form of the RCEP Agreement does not fully reflect the basic spirit and the agreed guiding principles of the RCEP. It also does not address satisfactorily India's outstanding issues and concerns. In such a situation, it is not possible for India to join RCEP Agreement," Modi said.

Coca-Cola looks past fizzy drinks, launches Rani Float fruit juices in India
Coca-Cola's new offering in India, Rani Float, is a step beyond its trademark fizzy drinks. The fruit juices are made from fruits sourced from Indian farms and is a blend of fruit juice and real fruit pieces, the company stated. Called Rani Float, the juices are priced at Rs 35 per 180 ml and are available in four flavours - peach, orange, pineapple and strawberry-banana.

Productivity spikes 40% as Microsoft experiments with 4-day workweek
In good news for employees, Microsoft tried out a 4-day workweek in Japan and this resulted in a 40 per cent spike in productivity levels. According to CNN, Microsoft shut down its offices in Japan every Friday in August, and the extra day off boosted productivity by 40% - measured by sales per employee in comparison to last year.
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