Kerala, Goa, Chandigarh best governed states and union territory, says PAC

Kerala was adjudged the best-governed state in the country, while Uttar Pradesh ended at the bottom in the large states category, according to the Public Affairs Index-2020 released by the Public Affairs Centre here on Friday.

In its annual report released on Friday, the city-based not-for-profit organisation, headed by former Indian Space Research Organisation (ISRO) chairman K Kasturirangan, said the states were ranked on governance performance based on a composite index in the context of sustainable development.

Four southern states, Kerala (1.388 PAI Index point), Tamil Nadu (0.912), Andhra Pradesh (0.531) and Karnataka (0.468) stood in the first four ranks in the large state category in terms of governance, it said.

Uttar Pradesh, Odisha and Bihar were at the bottom of the ranking, scoring negative points in the category. They got -1.461, -1.201 and -1.158 points respectively.

In the small state category, Goa ranked first with 1.745 points, followed by Meghalaya (0.797) and Himachal Pradesh (0.725).

Worst performers who scored negative points are Manipur (-0.363), Delhi (-0.289) and Uttarakhand (-0.277), according to the PAC report.

Chandigarh emerged the best governed union territory in the category of UTs with 1.05 PAI

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RIL profit slips 15% to Rs 9,567 crore as Covid-19 hits oil business

Mukesh Ambani-promoted (RIL) on Friday reported a 15.1 per cent year-on-year decline in its consolidated net profit to Rs 9,567 crore for the September-ended quarter.

Consolidated net revenue also dipped 25.7 per cent year-on-year to Rs 1.11 trillion because of weak performance in the refining, petrochemicals, and retail businesses.

The profit number beat street estimates while revenue was in line with expectations. In a Bloomberg poll, 10 analysts had estimated consolidated revenue of Rs 1.11 trillion and 11 analysts estimated the company’s consolidated adjusted net income (net profit) at Rs 8,387 crore for the September quarter.

However, part of this was due to a sharp fall in tax outflow, which the company attributed to the change in the tax regime.

Analysts at Kotak Institutional Equities had estimated consolidated profit before tax of Rs 11,173 crore for the September quarter and net profit of Rs 8,283 crore, implying tax expenses of Rs 2,890 crore.

The actual profit before tax is Rs 9,554 crore and tax expenses are Rs minus 13 crore (indicating tax write-back).

Sequentially though, the performance shows an

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US Salutes Greece, Turkey Earthquake Diplomacy

The United States on Friday hailed diplomacy between uneasy neighbors Greece and Turkey following a major earthquake and said it was ready to assist the NATO allies.

“It’s great to see both countries putting their differences aside to help each other during a time of need. The United States also stands ready to assist,” said Robert O’Brien, the national security advisor.

At least 14 people died in the 7.0-magnitude quake near the Greek island of Samos, with much of the damage in the coastal Turkish city of Izmir.

State Department spokeswoman Morgan Ortagus offered US condolences for the loss of life and said the United States was “heartened” by cooperation between the Turkish and Greek foreign ministers.

Rescuers search for survivors in a collapsed building in the Turkish city of Izmir after a powerful earthquake
 AFP / Berkcan ZENGIN

Greek Prime Minister Kyriakos Mitsotakis placed a rare call to Turkish President Recep Tayyip Erdogan after the earthquake.

“Whatever our differences, these are times when our people need to stand together,” Mitsotakis said on Twitter.

Erdogan aide Fahrettin Altun tweeted that the disaster “reminds us once again how close we are despite our differences over policy.”

Tensions have soared in recent

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Covid-19: Remittances to India to drop by 9% in 2020, says World Bank

The on Thursday said to India would fall this year by nine per cent to $76 billion due to the ongoing coronavirus pandemic and global economic recession.

India followed by China, Mexico, the Philippines, and Egypt continue to be the top five countries in 2020 to receive foreign remittances, the said in its latest report.

As the Covid-19 pandemic and economic crisis continues, the amount of money migrant workers send home is projected to decline 14 per cent by 2021 compared to the pre-Covid-19 levels in 2019, according to the latest estimates published in the World Bank’s Migration and Development Brief.

The impact of Covid-19 is pervasive when viewed through the lens of migration as it affects migrants and their families who rely on remittances, said Mamta Murthi, Vice President for Human Development and Chair of the Migration Steering Group of the

Remittance flows to low and middle-income countries (LMICs) are projected to fall by 7 per cent to $508 billion in 2020, followed by a further decline of 7.5 per cent to $470 billion in 2021.


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