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The Government of India and the Asian Development Bank (ADB) on Monday signed a USD 125-million loan agreement with an aim to enhance urban livability and bolster climate resilience in six districts of Assam. The project will benefit 360,000 residents of Assam by delivering continuous metered water supply and upgrading storm water management systems, the finance ministry said in a statement. It also seeks to strengthen urban governance through institutional reforms and capacity building, it said. Key infrastructure investments include the construction of six water treatment plants with a combined capacity of 72 million litres per day and 800 km distribution pipelines in the district headquarters of Barpeta, Bongaigaon, Dhubri, Goalpara, Golaghat, and Nalbari, it said. The project will also deploy a real-time monitoring system, aiming to maintain non revenue water below 20 per cent, it said. In Guwahati, the project will enhance storm water management in the Bahini Basin with flood
Awareness about retirement planning has been rising in urban India with growing number of people feeling the need to start planning for their post-work life early, a report said. As much as 44 Indians consider the right age to start planning for retirement is before 35 years, as per the India Retirement Index Study (IRIS) released by Max Life Insurance. Encouragingly, 63 per cent respondents have already begun investing for retirement, leading to reduced concerns about meeting both basic and luxury needs, as well as securing their children's futures, it said. A notable 68 per cent of urban Indian working women have begun investing for retirement, it said. The study also highlights regional opportunities in retirement planning across India, with the east zone leading in overall preparedness, the west zone showing financial and health progress but needing emotional focus, and the north and south zones improving in health preparedness index, it said. "Although urban India's retiremen
Madhya Pradesh cabinet on Tuesday decided that state ministers will have to pay their Income Tax, instead of the state government bearing such burden. Chief Minister Mohan Yadav in a statement said the cabinet has taken a decision to strike off the 1972 rule, under which the state government was paying the Income Tax on the salaries and perks of ministers. The cabinet decided that all ministers will pay the Income Tax on their salaries and allowances, Yadav said. State Urban Administration Minister Kailash Vijayvargiya said during the cabinet meeting, the chief minister gave a suggestion that the ministers themselves pay their Income Tax. The suggestion was accepted and hence the decision was taken in this regard, he said.