ET NEWS

Union Minister Manohar Lal Khattar launched Delhi’s new drainage master plan on September 19, under a long-term strategy designed to address the capital’s waterlogging and sewage challenges over the next three decades.The plan seeks to reshape the city’s drainage network at an estimated cost of ₹57,000 crore, with the central government pledging financial assistance to support its rollout. Speaking at the launch, Khattar said the master plan had been structured to meet both current and future needs as Delhi continues to expand rapidly. The city has been divided into three drainage basins — Najafgarh, Barapullah and Trans-Yamuna — with consultants appointed to redesign the network in each zone. Chief Minister Rekha Gupta said the state government was working in partnership with the Centre to deliver what she called a long overdue solution. “We started our governance with visits to nallahs and legacy waterlogging points. We have great teamwork; we do not work from air-conditioned rooms,” she said, adding that earlier governments had failed to act decisively on the issue. BJP leader Parvesh Verma described the initiative as a turning point, calling the plan a “guarantee card” against waterlogging. He pointed to the Minto Bridge underpass — long notorious for flooding during the monsoon — as an example where the current administration had already intervened successfully.“Till now, Delhi saw unplanned development, which led to severe problems. From now on, any drainage work done in Delhi will be based on the master plan,” Verma said. The announcement also carried a political edge. Both Gupta and Verma criticised past administrations, with Verma alleging that former chief minister Arvind Kejriwal’s government did not commission serious studies on the capital’s drainage system.“The previous government did not carry out any study. They were only busy making a Sheeshmahal and were interested in filling their own homes,” he said. The Aam Aadmi Party has not issued an immediate response to the criticism. For Delhi residents, the plan signals a possible shift after years of seasonal flooding, clogged drains and ad hoc repairs. Officials say the new master plan will standardise all future drainage projects, ensuring they are linked to the broader city-wide design rather than undertaken piecemeal.

Central Depository Services (India) Ltd (CDSL) has been one of the market’s standout performers over the past six months, delivering a stellar 42% gain. The stock is currently trading near Rs 1,600 on NSE, not far from its 52-week high of Rs 1,989.80, recorded in December 2024.After a consolidation phase, the stock has regained momentum, rising 3.85% over the past week and 1% in the last month. Market participants are now watching closely to see if this renewed strength can push the counter back toward its all-time high.Can CDSL shares reclaim their all-time high soon?Shitij Gandhi, Senior Research Analyst – Technicals at SMC Global Securities, said, “After weeks of sideways action, the stock has finally broken out of its symmetrical triangle trading pattern, catching the market’s attention. Backed by a burst of volumes, the move signals that buyers are regaining control. Holding above the crucial zone of 1,500-1,520, the stock now eyes 1,650 first, with potential to stretch toward 1,750-1,800 levels.”He added that the breakout marks a shift in sentiment, noting that “dips are likely to attract buyers, while only a fall below 1,500 would dull the optimism.”Amruta Shinde, Research Analyst at Choice Broking, observed that “CDSL is currently trading at Rs 1,588.30 and is consolidating within a long-term symmetrical triangle formation. The stock has recently rebounded from the lower boundary, signaling renewed strength. It continues to trade comfortably above its 20-day, 50-day, and 200-day EMAs, highlighting a firm uptrend.”She further pointed out that “the RSI at 57.88 is inching higher, suggesting more upside momentum. A sustained move above Rs 1,625 could trigger a rally towards Rs 1,725-1,814, while crucial support levels are placed at Rs 1,486 and Rs 1,418.”Comparing peers, Shinde added: “NSDL, being a relatively new listing, is displaying a sideways-to-bullish structure. The stock is finding support near its 20-day EMA, which is a key short-term level. A decisive close above Rs 1,382 could open room for an up-move towards Rs 1,500 and Rs 1,600. However, a breakdown below Rs 1,269 (20-day EMA) may expose the stock to downside levels of Rs 1,200 and Rs 1,123.”She concluded that “CDSL offers a more established and technically stronger setup given its long-term trend, higher liquidity, and sustained trade above key moving averages. NSDL, while promising, still needs to build a track record post-listing and confirm a stronger trend.”Another expert, Vatsal Bhuva, Technical Analyst at LKP Securities, noted: “On the daily timeframe, short-term bullish signals are evident as the RSI shows positive divergence and the stock trades above its 20- and 50-day EMAs. A sustained close above Rs 1,620 could spark a brief rally toward the Rs 1,800 zone.”He added, “From a top-down perspective, the stock has staged a strong rebound after finding support near the 61% Fibonacci retracement on the monthly chart, drawn from the 447 low to the Rs 1,989 high. However, Rs 1,800 remains a crucial resistance, and a confirmed trend reversal will only come with a decisive break above this level.”Bhuva advised traders to “place a stop-loss at Rs 1,510 and aim for Rs 1,800 if the stock closes above its resistance at Rs 1,620.”Also read: Vodafone Idea shares surge 10% as govt tells SC ‘some solution is required’ in AGR case(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Germany’s nationwide flat-rate public transport ticket, the “Deutschlandticket,” could see a price increase of around ten percent next year, reaching between 62 and 64 euros per month, newspaper Tagesspiegel reported. The ticket currently costs 58 euros and allows passengers to use all local and regional public transport across the country. Its price had risen from 49 euros the previous year. The cost of the ticket has been a recurring point of discussion between the federal government and the German states, which share funding for the initiative. The federal government has agreed to support the ticket with 1.5 billion euros in 2026, matched by the states. City and transport associations, however, say this amount may not cover transport companies’ expected revenue losses and additional costs. Negotiations over the ticket’s future financing are scheduled for 18 September at a special conference of regional transport ministers. A preparatory document obtained by Tagesspiegel proposed the price increase for next year and suggested further hikes in the coming years. The states are expected to present their financing plan at the conference, aiming for both federal and state governments to commit to funding the ticket with 1.5 billion euros each until 2030. The Deutschlandticket has contributed to a five percent reduction in carbon emissions in the transport sector and increased the use of regional trains. The coalition government of the CDU/CSU alliance and Social Democrats (SPD) had pledged to extend the ticket beyond 2025 and gradually raise the share of user financing from 2029.