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UV Boards shifts registered office
May 19,2017

UV Boards has shifted its registered office from No. 1/138, Ellamman Koil Street, Athipedu Village, Azhinjivakkam, Sholavaram P.O, Chennai - 600 067 to No. 78, Mc Nichlos Road, Chetpet, Chennai - 600 031.

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Edelweiss Financial Services gets ratings assigned for proposed CP programme
May 19,2017

Edelweiss Financial Services announced that ICRA has assigned a [ICRA]A1+ (ICRA A one plus) rating to the proposed CP Programme (for IPO financing) of Rs.2,000 crore of the Company.

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UV Boards announces resignation of company secretary and compliance officer
May 19,2017

UV Boards announced that Priyanka Kucheria has resigned as Company Secretary and Compliance Officer of the Company with effect from 31 March 2017.

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UV Boards shifts factory premises
May 19,2017

UV Boards announced that the Companys factory premises has shifted to No. 69, Nelveli Village, Uthiramerur Taluk, Kancheepuram Dist., Tamilnadu - 603 107.

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Chitale Committee recommends several measures for Desiltation of Ganga
May 19,2017

Chitale committee on Desiltation of Ganga has recommended a slew of measures which include study of reach wise sediment transport processes along with establishing annual sediment budgets to guide de-silting activities, Preparation of annual reports (Sand registry) describing the previous de-silting/ dredging activity and a technical institute may be entrusted to conduct the sediment budget, morphological and flood routing studies that would examine and confirm the necessity of the de-silting of the reach under consideration.

The committee was constituted in July 2016 by the Ministry of Water Resources River Development and Ganga Rejuvenation to prepare guidelines for desiltation of river Ganga from Bhimgauda (Uttarakhand) to Farakka (West Bengal). Shri Madhav Chitale (Expert Member, NGRBA) was appointed as Chairman of the committee. The other members of the committee were: Secretary, Ministry of Water Resources, River Development & Ganga Rejuvenation, Secretary, Ministry of Environment, Forests & Climate Change and Dr. Mukesh Sinha, Director, Central Water and Power Research Station, Pune. The committee was asked to establish difference between desilting and sand mining and also to establish need for desilting for ecology and e-flow of the river Ganga.

The committee in its report says erosion, sediment transport and siltation are very complex phenomena. It is impossible to apply a n++one-size-fits-all‟ approach to sediment management and control, because the issues involved are frequently very regionally-specific. Local factors such as topography, river control structures, soil and water conservation measures, tree cover, and riparian land-use or land disturbance (for example agriculture, mining, etc.) can have a large impact on sediment loads in rivers. River control structures (such as reservoirs), soil conservation measures and sediment control programmes can cause downstream sediment loads to decrease, while factors such as land disturbance (clearing of vegetation, for example) or agricultural practices can cause increased sediment loads. At the same time, indiscriminate de-siltation works may result into more harm to ecology and environment flow. Thus, there is a need to evolve Guidelines, better broad principles, which should be kept in mind while planning and implementing de-silting works.

According to the report erosion, sediment transport and siltation in large rivers like Ganga are very complex phenomena and their estimation has inherent limitations and uncertainties. A reconnaissance of Main River Ganga on Google earth map reveal that different reaches are in a dynamic equilibrium phase. Sedimentation is mainly seen downstream of Bhimgauda barrage and near the confluences of tributary rivers with Ganga. The discharge congestion, large scale sediment deposition and its negative effects are mainly seen downstream of the confluence of Ghagra and beyond. The river flood plain drastically widens beyond the confluence of Ghagra and is estimated to be around 12 to 15 kms.

The committee says though de-siltation works can improve hydraulic performance of the river and this itself can justify undertaking de-siltation, these have no direct role in improving environment flow in the river. On the other hand, indiscriminate de-silting or sand mining would cause adverse impacts on river e-flow. Recognizing the importance of sediment transport in rivers, following basic principles of siltation in rivers should be kept in mind while considering de-siltation works:

n++ Catchment Area Treatment and Watershed Development works, along with good agricultural practices and river bank protection/anti-erosion works, are necessary to reduce silt inflow into the river system and must be undertaken in a comprehensive way.

n++ Erosion, movement and deposition of sediment are natural regulating functions of river and Sediment equilibrium of river should be maintained.

n++ Rivers should be provided with sufficient flood plains (lateral connectivity) without any hindrance to the flow.

n++ Instead of n++keeping the silt awayn++, strategy to n++giving the silt wayn++ should be adopted.

In specific reference to de-siltation works in river Ganga, in addition to MoEF&CC Sand Mining Guidelines, which are statutory in nature, and the GSI Guidelines, the committee has suggested following Guidelines;

1. River Ganga tends to achieve equilibrium on its own given the hydrology, sediment and natural bed and bank disposition. It is necessary to provide the river sufficient areas of flood plain and lakes along the river to moderate the flood level. Any encroachment of flood plain, reclamation of lakes or disconnection of lakes from river should be avoided; rather adjoining lakes/depressions may be de-silted to increase their storage capacities. The de-silting of lakes, etc., should be in such a manner that the sediment continuity is maintained and should not lead to head cut that creates safety issues for the river crossings, water intakes or river training works locally, downstream or upstream.

2. Upstream reaches of natural constriction works, like barrages/bridges, etc., tend to get silted leading to wandering of river. Possibly river training, cut-off developments and provision of extra water way near the constrictions could be tried after proper assessment without impacting the morphology of river elsewhere. The area freed from the development in the form of oxbow lakes should be used for flood moderation rather than reclaiming it for other purposes.

3. In case where constriction is causing large scale siltation, de-siltation along the preselected channel to deepen and attract the flow could be tried to guide the main course of flow. The dredged material may be dumped along the alternate channel which was to be closed to avoid bank erosion. Care shall be taken to develop stable channel which do not affect the flow either on upstream or downstream. Efforts should be made to provide silt continuity along the weirs and barrages.

4. Embankments, spurs and river training measures provided to protect the banks should not encroach upon the flood plains and delink the lakes, flood plains and other riverine environment from the river.

5. The proposed de-silting of any river reach need to be justified bringing out clearly the flooding caused due to siltation along with technical comparisons of the alternative flood mitigation measures with n++do nothingn++ or n++proposed de-silting/ dredgingn++ being other options. It should invariably be associated with sediment flux studies and morphological studies to confirm no significant adverse effect on downstream or upstream reach of the river including the safety and effectiveness of river crossings, water intakes, existing river bank / flood protection measures etc.

6. De-silting of the confluence points, especially with huge silt carrying tributaries, such as Ghagra, Sone, etc., may be necessary to make confluence hydraulically efficient.

7. Reservoirs in main river Ganga and its tributaries, particularly in upper reaches, should be operated in such a manner that first floods, having high silt load, are allowed to pass through without storage and river flows in later phases of the monsoon are only stored for use during non-monsoon season. This would require quantitative long term forecast with decision support system to be established for optimum reservoir operations.

8. Agricultural practices along the river flood plains should be such that it does not disturb the passage of flood by increasing the resistance to flow causing aggradations.

9. River morphological studies should be carried out to initiate in-stream channel improvement works. It shall be ensured that the head cut induced upstream should automatically de-silt the reach. The headcut induced should progress upstream slowly so that the flora a

Board of Jyothy Laboratories recommends final dividend
May 19,2017

Jyothy Laboratories announced that the Board of Directors of the Company at its meeting held on 18 May 2017, inter alia, have recommended the final dividend of Rs 6 per equity Share (i.e. 600%) , subject to the approval of the shareholders.

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Board of Hindustan Media Ventures recommends final dividend
May 19,2017

Hindustan Media Ventures announced that the Board of Directors of the Company at its meeting held on 18 May 2017, inter alia, have recommended the final dividend of Rs 1.2 per equity Share (i.e. 12%) , subject to the approval of the shareholders.

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Board of Dwarikesh Sugar Industries recommends final dividend
May 19,2017

Dwarikesh Sugar Industries announced that the Board of Directors of the Company at its meeting held on 18 May 2017, inter alia, have recommended the final dividend of Rs 10 per equity Share (i.e. 100%) , subject to the approval of the shareholders.

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Board of Gateway Distriparks recommends dividend
May 19,2017

Gateway Distriparks announced that the Board of Directors of the Company at its meeting held on 18 May 2017, inter alia, have recommended the dividend of Rs 4 per equity Share (i.e. 40%) , subject to the approval of the shareholders.

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Board of Bajaj Auto recommends final dividend
May 19,2017

Bajaj Auto announced that the Board of Directors of the Company at its meeting held on 18 May 2017, inter alia, have recommended the final dividend of Rs 55 per equity Share (i.e. 550%) , subject to the approval of the shareholders.

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Board of Dilip Buildcon recommends final dividend
May 19,2017

Dilip Buildcon announced that the Board of Directors of the Company at its meeting held on 17 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Board of Bajaj Finserv recommends final dividend
May 19,2017

Bajaj Finserv announced that the Board of Directors of the Company at its meeting held on 17 May 2017, inter alia, have recommended the final dividend of Rs 1.75 per equity Share (i.e. 35%) , subject to the approval of the shareholders.

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Rank of India Improves in International Tourist Arrivals
May 19,2017

As per the UNWTO definition, International Tourist Arrivals (ITAs) comprises two components namely Foreign Tourist Arrivals (FTAs) and Arrivals of Non-Resident Nationals. The UNWTO in its barometer ranks countries in terms of their ITAs. So far only the figures of FTAs were compiled in India. However, now India has started compiling the data arrivals of Non-Resident Indians (NRIs), also.

The number of NRI arrivals during 2014 and 2015 were 5.43 million and 5.26 million, respectively. Accordingly, the numbers of ITAs in India during 2014 and 2015 were 13.11 million and 13.28 million, respectively. The data of ITAs, containing both the arrivals of NRIs and FTAs, is now as per International recommendations.

Due to this inclusion, Indias improved rank reflecting the true and comparable scenario has now been acknowledged by the UNWTO. As per the latest UNWTO Barometer for March 2017, Rank of India in International Tourist Arrivals in both 2014 and 2015 is 24 as against the previous rank of 41 and 40 in the year 2014 and 2015, respectively. With this inclusion the share of India in the ITAs has also increased from 0.68% (based on FTAs) to 1.12% in the year 2015.

Earlier Indias rank in the Travel & Tourism Competitiveness Index (TTCI), 2017 had also shown a 12 places jump from 2015. Rank of India in TTCI Report of 2017 was 40th as compared to 52nd in 2015, 65th in 2013 and 68th in 2011.

While UNWTO gives ranking in terms of numbers of ITAs, TTCI is composed of 14 pillars organized into four sub-indices of Enabling Environment, Travel & Trade Policy and Enabling Conditions, Infrastructure and Natural and Cultural Resources.

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Electrosteel Castings to pay dividend
May 19,2017

Electrosteel Castings announced that dividend of Re 0.50 per share, if approved will be paid on or before 14 October 2017.

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Religare Enterprises allots 120,750 equity shares
May 19,2017

Religare Enterprises has allotted 120,750 Equity Shares of the Company on exercise of stock options under the Religare Enterprises Limited Employees Stock Option Scheme 2006 (ESOS). The paid up Equity Share Capital of the Company post allotment is 178,455,248 Equity Shares of Rs.10/- each aggregating Rs. 1,784,552,480/-.

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