Tuesday Morning News Brief, October 24

Tuesday morning brief Oct 24 2017
Good morning!
Here’s everything you need to know to start your day…
The minimum-mandated internet speed for all networks will be increased from existing 512 kbps to at least 2 mbps and more. “We are very slow. While we have done a lot on (providing internet) access, we have not been able to actually deliver the quality of service that is required,” telecom secretary Aruna Sundararajan said. The issue of slow internet has become critical as India prepares for rollout of 5G services.
Bust mutual fund myths, not firecrackers
This Diwali, let us bust some common MF myths instead of firecrackers.

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The government is set to approve the biggest ever highway development plan today. Under this plan, approximately 83,000 km of roads will be developed or expanded at an investment of Rs 6.9 lakh crore by 2022. Sources said the focus of the entire plan is to improve speed of traffic flow on key corridors by providing uniform four-lane roads between two identified points.
Patidar leader Hardik Patel reportedly met Congress leaders, including Rahul Gandhi, triggering speculations of a broader anti-BJP alliance in Gujarat. Five CCTV clips, recorded between 11.53pm on Sunday night and 4.14pm on Monday, showed Hardik entering and leaving the hotel. However, Hardik denied meeting Rahul, though he admitted meeting other Congress leaders. “Had I met Rahul, I would have met him in public, which would give me more mileage. Why should I meet Rahul secretly?” he asked.
Financial Planning, more than just money.

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Suburban rails in Mumbai, Delhi, Bengaluru will get elevated corridors that will improve safety and decongest networks. The project will be carried out by the railways in partnership with state governments and central agencies. Preliminary estimates have pegged the cost of an elevated corridor in Mumbai at around Rs 25,000 crore and the state-run transporter hopes to complete the project in the next 3-5 years.
J&K interlocutor Dineshwar Sharma said he was open to talks with everybody on issues pertaining to the Valley. “I am open to talks with everybody. I extend an open invitation to all individuals and groups in J&K who are willing to engage in a dialogue. Though I will be based in Delhi, I plan to frequently visit the state to hold talks, starting sometime next week,” the ex-IB chief said after he was named as representative of the Centre for initiating dialogue in J&K.
Copyright @ 2017 Bennett, Coleman & Co. Ltd.

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