According to a report by Fitch Ratings, this move is likely to contribute to a slight reduction in funding costs and encourage further development in the domestic capital market.
The Bombay High Court on Monday passed interim directions for the Maharashtra government and municipal authorities in Mumbai and surrounding areas to mitigate the issue of worsening air pollution.
The court permitted the busting of fire crackers only for 3 hours, between 7pm to 10pm.
According to a JP Morgan report, despite experiencing robust GDP growth of nearly 5 per cent in the third quarter, projections suggest a slowdown with expected growth rates of 1-2 per cent in the fourth quarter and 0-1 per cent in the first half of 2024.
Amid the worsening Air Quality Index (AQI) in the National Capital Region (NCR), the Faridabad District Administration has announced that the primary schools will remain shut till November 12.
Pieter Elbers, Chief Executive Officer of IndiGo, one of India's largest carriers, on Monday addressed the crew and staff about the deteriorating air quality in Delhi and the National Capital Region.
The overall air quality in the National Capital continues to be in the 'severe' category for the fifth straight day, as per the Central Pollution Control Board. AQI measured at 9 AM from ITO in Delhi was recorded as 400 in the Very Poor Category.
Dr Piyush Ranjan (Additional Professor, Department of Medicine, AIIMS), while speaking to ANI, said that there is scientific evidence that establishes a relationship between air pollution and different types of cancer.
As the Air Quality Index (AQI) in several parts of Delhi-NCR is reeling under the 'severe' category, nearly 560 cases of stubble burning have been reported in Ludhiana so far.
On the fourth consecutive day, the air quality in Delhi remained in the 'Severe' category on Sunday though with a marginal dip in the overall Air Quality Index (AQI) recorded at 410 against 504 on Saturday, as per System of Air Quality Forecasting and Research (SAFAR-India).
The air quality in several areas of Delhi remained in the severe category on Saturday as a thick toxic smog engulfed the city, resulting in poor visibility.
Amid the worsening air quality in the national capital, the Sri Lanka team on Saturday cancelled their training session on Friday ahead of the ICC Cricket World Cup match against Bangladesh on Monday.