financetom
Economy
financetom
/
Economy
/
To save forests, Mumbai metro car-shed relocated: CM Uddhav Thackeray
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
To save forests, Mumbai metro car-shed relocated: CM Uddhav Thackeray
Oct 11, 2020 8:27 AM

Maharashtra Chief Minister Uddhav Thackeray on Sunday announced that the proposed new car-shed for the Mumbai Metro will be shifted to a new location to save the forests in the Aarey Colony area.

"We have decided to construct the car-shed on government land at Kanjurmarg, entailing no additional financial burden on the exchequer. The expenditure done on a building at Aarey Colony will also not go waste as it will be deployed for appropriate use," Thackeray said in an address to the state.

The CM also announced that an additional 200 acres of land will be reserved as forest in the Aarey Colony, in addition to the 600 acres declared last month.

"The orders to the effect were issued last night and will take the new forest area to 800 acres that will be a boon to the city's environment," said Thackeray as thrilled environmentalists and green activists all over the state lauded the move.

With this, the forest cover of Mumbai will go up from the existing 103 sq km to 106 sq km, mostly within the Sanjay Gandhi National Park in Borivali and its green surroundings.

First Published:Oct 11, 2020 5:27 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
NY Fed report warns discount window stigma may never go away
NY Fed report warns discount window stigma may never go away
May 13, 2024
(Reuters) - The Federal Reserve needs to rethink how it provides swift liquidity to banks, a report from the Federal Reserve Bank of New York said on Monday. That's because despite many years of trying to reform the discount window, the long-standing stigma around this facility has clearly become deeply engrained among practitioners and it may be impossible to change...
Federal Reserve Watch for May 13: Jefferson Says Appropriate to Maintain Restrictive Stance Until See Further Inflation Progress
Federal Reserve Watch for May 13: Jefferson Says Appropriate to Maintain Restrictive Stance Until See Further Inflation Progress
May 13, 2024
02:45 PM EDT, 05/13/2024 (MT Newswires) -- Fed Vice Chair Philip Jefferson (voter) said it is appropriate to maintain the federal funds rate in restrictive territory until there is further evidence that inflation is slowing toward the Fed's 2% goal. Recent comments of note: (May 10) Federal Reserve Governor Michelle Bowman (voter) said the Federal Open Market Committee should proceed...
Biden sharply hikes US tariffs on billions in Chinese chips, cars
Biden sharply hikes US tariffs on billions in Chinese chips, cars
May 14, 2024
WASHINGTON (Reuters) - U.S. President Joe Biden on Tuesday unveiled a bundle of steep tariff increases on an array of Chinese imports including electric vehicles, computer chips and medical products, risking an election-year standoff with Beijing in a bid to woo voters who give his economic policies low marks. Biden will keep tariffs put in place by his Republican predecessor...
Daily Roundup of Key US Economic Data for May 13
Daily Roundup of Key US Economic Data for May 13
May 13, 2024
02:47 PM EDT, 05/13/2024 (MT Newswires) -- The New York Federal Reserve's inflation expectations survey for April showed a sharp increase in the one-year horizon to 3.3% from 3% in March, moving expectations further away from the Fed's 2% target. Price expectations were up for all the commodity components measured in the report and there were expectations of faster home...
Copyright 2023-2025 - www.financetom.com All Rights Reserved