1,799 more urban parks in ULBs: KT Rama Rao

The State government has initiated measures to ensure that at least 85 per cent of the Haritha Harama saplings survive.

Published: 16th September 2020 08:36 AM | Last Updated: 16th September 2020 08:36 AM | A+A A-

MAUD Minister KT Rama Rao holds a review meeting with officials on Urban Mission Bhagiratha in Hyderabad on Tuesday

By Express News Service

HYDERABAD: MAUD Minister KT Rama Rao, on Tuesday, said that the State government was striving towards developing urban parks in ULBs across the State on a large scale. Apart from the existing 1,893 parks, the MAUD Department has proposed to develop another 1,799 in the civic bodies. Of these, 797 parks have already been developed so far.Additionally, the government would develop 1,000 new nurseries in the ULBs.

In response to a question raised by K Vivekanand, Balka Suman and others in the Assembly, the MAUD Minister said that of the proposed 1,799 parks, 587 were being built in the Greater Hyderabad region, 1,109 in municipal corporations and municipalities, and 103 in the HMDA limits.

They are based on various concepts, namely tree parks, landscapes, urban, and panchatatva parks. He said that the largest urban eco park in the country was developed in about 297 acres on the outskirts of Mahbubnagar.

Haritha Haram

The State government has initiated measures to ensure that at least 85 per cent of the Haritha Harama saplings survive. “Strict action would be taken against erring employees if the survival rate goes below 85 per cent,” he said. KTR added that there has been an increase in green cover from 24 per cent to 29 per cent in the State.

“Under the new Municipal Act, the State government has made it mandatory for all the ULBs to set aside 10 per cent of their budget to increase greenery in the respective ULBs,” KTR added.

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Gold, Silver Price Today: Domestic Gold Futures Reclaim Rs 52,000 Mark, Silver Tops Rs 69,700

Gold, Silver Rate Today: Global equities registered cautious gains in anticipation of a status on the accommodative monetary policy in the world's largest economy.

Spot gold settled at Rs 51,893 per 10 grams on Tuesday, according to industry body IBJA

Gold, Silver Price In India: Domestic gold and silver futures climbed higher on Tuesday amid weakness in the dollar overseas, as precious metals rose ahead of a two-day meeting of the US central bank. Global equities registered cautious gains in anticipation of a status on the accommodative monetary policy in the world's largest economy. Multi Commodity Exchange (MCX) gold futures (due for a October 5 delivery) rose by Rs 402 - or 0.78 per cent - to settle at Rs 52,089 for the day, whereas silver futures (December 4) rose 1.08 per cent to Rs 69,708.

During the session, the gold contract had risen to as high as Rs 52,182, and silver strengthened to Rs 69,887. (Track Gold Futures Here)

Globally, spot gold on Comex touched a nearly two-week high of $1,968.80 per ounce, as a softer dollar and expectations the Federal Reserve will reinforce its accommodative monetary policy supported the yellow metal. Silver futures jumped 1.86 per cent to touch the $27.36 an ounce mark. (Also Read: Is Silver The New Gold?)

The dollar index - which measures the dollar against six currencies - declined as much as 0.29 per cent on Tuesday.

Back home, spot gold settled at Rs 51,893 per 10 grams on Tuesday, and silver at Rs 66,758 per kilogram, excluding GST, according to Mumbai-based industry body IBJA or India Bullion and Jewellers Association.

#Gold and #Silver Closing #Rates for 15/09/2020#IBJA pic.twitter.com/CNJ59XTwu4
— IBJA (@IBJA1919) September 15, 2020

Gold has been one of the most consistent gainers through the six months of coronavirus pandemic-led turmoil in financial markets. (Also Read: Gold "Dream Run" May Continue: Analysts)

What Analysts Say

"Unless there are major triggers, we may see directionless trade in gold going forward, as the price of the yellow metal stays stuck in a range of $1,900-2,000/oz. Mixed activity in exchange traded fund flows also shows lack of direction in the market," said Ravindra Rao, VP-head commodity research, Kotak Securities.

Gold may remain choppy amid lack of cues going ahead, he added. "However, general bias may be on the upside owing to increasing challenges to global economy and hopes of dovish stance of major central banks."

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