Officials responsible for not removing Delhi pond encroachment: NGT

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New Delhi, April 25 | Noting the non-compliance of its order passed over five years ago for the removal of encroachment of a ‘Johad’ — a traditional water harvesting system, the National Green Tribunal held that Chief Engineer, Delhi Jal Board, and Sub-Divisional Magistrate, Najafgarh are responsible in the matter and directed them to solve the issue within one month.

The principal bench of NGT chairperson Adarsh Kumar Goel was dealing with an application seeking execution of an order dated December 9, 2016, directing the removal of encroachment from a water body spread over nearly 2 acres at Issarpur village in Delhi.

Accordingly, a committee was constituted and the SDM, Najafgarh, Jal board, and other officials were roped in.

In the latest development in July last year, the Tribunal had sought a factual report from District Magistrate, South West, and Chief Engineer, DJB in this regard.

The committee on April 20, this year apprised the various steps it took on the issue, including the removal of unwanted vegetation such as shrubs, wild grass, pruning of leaning branches of standing trees, the work of revival of existing recharge structures, repair of pitching and other civil works, etc.

After checking the report, the green court, in the order passed on April 22, observed that even though the order was earlier passed by the Tribunal more than five years ago, which made provision about the source of funds as well as accountability for the rejuvenation of the waterbody, the encroachment has still not been fully removed.

“Accordingly, compliance may now be ensured within one month which will be the responsibility of the Chief Engineer, DJB and SDM, Najafgarh. They are free to coordinate with any other higher responsible officer for ensuring compliance instead of avoiding the work necessary for the protection of the water body. They will be held accountable personally if noncompliance continues,” said the order.

While Listing the matter for further hearing on July 15, the tribunal directed Chief Engineer, DJB, and SDM, Najafgarh to remain present in person through video conferencing.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

On a weekly expiry day, Nifty opened on positive note and have a dip to make an intraday low at 15367.50 level but showed bounce back moment as managed to close at 15556.65 level with a gain of 143 points. Bank Nifty closed the session at 33135 level with a gain of 289.70 points. 45 Out of Nifty 50 ended in green which suggest broad based buying.

All the sectoral indices managed to close in green expect Energy while Nifty Auto was top gainer. Among Nifty Stock, MARUTI, EICHERMOT, HEROMOTOCO & M&M were the top gainers, While RELIANCE, COALINDIA, POWERGRID & GRASIM were the prima laggards. India VIX closed at 20.88 level with a loss of 1.97%. On Technical Front, The Nifty has formed bullish candle but faced resistance at 21 Four-Hourly Moving Average i.e., 15647 which suggest crossing above the same can show more upside rally.

Nifty has been trading in range of 15200-15700 level while breaching either side can suggest further direction of breakouts. Nifty has given above 50-Hourly Moving Averages which indicate it can show upside moment in the counter. On the Nifty OI Data, On the call side ,the highest OI witnessed at 16000 level while on the put side was at 15500 Niftg level followed by 15300 levels. The momentum indicators Stochastic is trading with a positive crossover on a daily chart which suggest northward journey in the Nifty.

The Nifty may find support around 15200 levels while on the upside 15700 may act as an immediate hurdle. On the other hand, Bank Nifty has support at 32300 levels while resistance at 33800 levels.

Overall, Sector specific momentum has been observed, crossing above 15700 Nifty can show more upside rally.

Market entering into buy on dips pattern.

Palak Kothari
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Source: Choice India

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