Minister highlighting rich craft traditions and their relevance to contemporary living (See 'Corp Brief') PMLA - Secured creditor is entitled to stake its claim before liquidator as per Section 53 of IBC, qua immovable property, and same can be disposed of by liquidator as per law: SAFEMA (See 'Legal Desk') Scindia unveils Commemorative Postage Stamp on 150th anniversary of Bombay Gymkhana (See 'Corp Brief') SEBI - Request for unfreezing bank accounts based merely on value of securities in demat accounts, in absence of compliance with direction of Interim Order of depositing impounded gains in Escrow Account, cannot be accepted: SEBI (See 'Legal Desk') DoP, BSE sign MoU to expand Mutual Fund Access Across India (See 'Corp Brief') A&C - Difference or controversy as to rate of interest clearly falls outside scope of challenge on ground of conflict with public policy of India unless it is evident that rate of interest awarded is so perverse: SC (See 'Legal Desk') Cloud data centre capacity in India estimated to grow 4 to 5 times by 2030 (See 'Corp Brief') A & C - By awarding reimbursement for second regular meal & welcome drinks, arbitrator had created new contract between parties, amounting to breach of Sec 28(3), which is patently illegal and against public policy: SC (See 'Legal Desk') Scindia to address Gramin Dak Sevak Sammelan in Kolhapur (See 'Corp Brief') IBC - It is mandatory duty of RP to verify every claim received and maintain updated list of creditors with requisite details including amount admitted, claimed, and security interest: IBBI (See 'Legal Desk') Semicon India Program developing complete ecosystem for Semiconductors (See 'Corp Brief') PMLA - Secured creditor can stake its claim by moving application before Special Judge, PMLA Court, even before conclusion of trial, if excess amount is realised during auction sale: SAFEMA (See 'Legal Desk') NITI Aayog releases report on Deepening the Corporate Bond Market in India (See 'Corp Brief') IBC - Moratorium does not protect development rights under agreement that was validly terminated for corporate debtor's non-performance before initiation of insolvency proceedings: SC (See 'Legal Desk')

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Urban transport policies designed to fulfil climate change commitments: Puri

Published: Jun 29, 2022

By TIOLCorplaws News Service

 
NEW DELHI, JUNE 29, 2022: Minister for Housing and Urban Affairs (MoHUA), Hardeep S. Puri, has said that India is the second-largest urban system in the world and 11% of the total global urban population lives in Indian cities. The UN estimates that around 416 million people will be added to our urban population between 2018 and 2050, he said. While saying that our cities will play a vital role in achievement of not just India's economic targets, but also its sustainability goals, he added that Indian cities contribute almost 70% to the national GDP while accounting for 44% of greenhouse gas emissions.

The Minister's speech was read out on 28th June by Head of Indian Delegation and the Additional Secretary, MoHUA, Sanjay Kumar at the Ministerial Round Table at the 11 th World Urban Forum being held at Kotavice, Poland.

Stating that the Indian government capitalised on the potential that lay dormant, the Minister said that beginning in 2014, India has undertaken the world's largest planned urbanization programme and various transformative policies and interventions-which adopt the core tenets of the New Urban Agenda-have resulted in Indian cities poised to achieve India's economic and sustainable growth targets.

Hardeep S. Puri said that India's pyramid of urban development priorities is based on cooperative and competitive federalism, universalisation of basic services, and a rural-urban continuum. He further said that at the base are the ‘Housing For All' and ‘Clean India Mission' schemes which address the basic needs of housing and sanitation, respectively. The ‘Clean India Mission', in particular, has garnered global acclaim and our annual cleanliness survey of cities is the world's largest urban sanitation survey, he added.

Mentioning the above two schemes and other flagship programmes that have successfully addressed specific needs of urban areas, the Minister said that the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) provides basic civic amenities such as water supply, parks and street lights. India's Smart Cities Mission has tremendously enhanced the quality of life in 100 Smart cities through citizen-centric initiatives, Puri said that the PM Street Vendor's Self-reliance Fund was a unique experiment where collateral-free working capital loans were provided to street vendors that sustained this most vulnerable section during the pandemic. Our sustainable urban transport policies are designed to fulfil the climate change commitments of the Paris Agreement and every year, a record number of public transport and mobility options are added to India's urban landscape as counter-measures to climate change, he added.

Puri said that the onset of the pandemic accentuated urban fault lines, and exposed inherent inequalities, the Minister said that as we emerge from the pandemic, there is a pressing need to anchor our policies in inclusivity, gender equality, and environmental justice. He further said that Governments must empower the marginalised sections of urban society. Through measures such as direct cash transfers, portability of welfare benefits and affordable rental housing, India has alleviated the pains of the pandemic, he added.

The Minister said that as followers of the philosophy of "Vasudhaiva Kutumbakam" which means ‘The World is One Family', India believes in the importance of sharing best practices with fellow nations. He hoped that the 11 th World Forum will allow us to humbly learn and share our experiences as we pursue the shared goal of a prosperous and sustainable world.

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