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Some real positive news. Despite all the hoopla and negativism, some solid steps are being taken in the education and health sector.

Science education and research in India undergoing a quiet but potentially huge transformation

His job is to build an IIT from scratch, as one of the eight new IITs the government is building. Jain has lofty aims: to build an institution that will be among the top 20 in the world in 50 years. As a beginning, he wants the IIT to break free from many selfimposed rules and assumptions.

Reimagining IITs

The IITs have long been known around the world for their teaching but they have a poor reputation for research. In a recent study of the top 20 engineering institutions in the world, Thomson Reuters found that the IITs had the lowest number of citations per paper between 1999 and 2009; they had 3.57 citations per paper compared to 10.50 for Stanford University, the highest for any engineering institution. The new IIT directors and some of the old ones are now bent upon changing the research culture in India, which is also a good way of attracting talent.

Says Uday Desai, director of the new IIT at Hyderabad: "If you create a research ambience smart people will join." The fledgling IITs and other institutions in India are now trying to blaze a new trail. Like Jain, their directors go on fund-raising trips to the US, hire industry veterans to teach students critical skills, break down barriers between departments and network intensely with their colleagues in other institutions.

You could also see them trying to woo outstanding Indian scientists working abroad. "Post-independence, till today, we have got scientists who wanted to come back for family or nationalistic reasons," says K Vijay Raghavan, director of the National Centre for Biological Sciences (NCBS) in Bangalore: "Now we need to attract those who are doing excellent science but have no strong reason to come back." Indian institutions need them for a reason: the country's research and educational establishment is undergoing its biggest expansion since the 1960s. If everything works out, Indian science could be looking at a paradigm shift.

India is now building eight new IITs, five science institutions like the IITs, six biology research institutes, and several research institutions in niche areas. This is apart from institutions that are being renamed and remodelled and universities that have been planned but not yet started. This expansion has doubled the public investments in R&D in the past five years and increased the output of Indian science. In the global country ranking for publications, India has moved up from 15th position in 2003 to 9th in 2010.

The number of science and engineering PhDs produced a year in India, at an abysmal level of 5,000 in 2003, has grown to over 9,000 in 2010. The government target is to generate over 20,000 science and engineering PhDs a year by 2020. Lack of sufficient number of PhD students is a reason for the poor research performance of IITs, whose best students always used to go abroad. "When we used to teach at IIT Mumbai in the 1990s," says Seshadri, now CEO of the Bangalore-based startup Boltel, "all of us had offers from the best universities in the US.
 
India looks to Africa for secure energy supplies


New Delhi: As part of India’s effort to counter the growing Chinese influence in Africa and provide a fillip to India’s efforts to secure hydrocarbon assets in the continent, at least 16 countries will be participating in the third India-Africa hydrocarbons conference starting on 9 December.

India’s efforts are targeted towards diversifying its import basket and come in the backdrop of China organizing similar conferences previously.
“We wouldn’t like to be compared with China. We have our own strategy,” R.P.N. Singh, minister of state in India’s ministry of petroleum and natural gas, said at a press conference ahead of the event. “India has been following the policy of diversifying the sources to meet its energy needs.”

The need for diversification of supplies is critical for India as it imports more than 80% of its energy requirements. Consumption of energy in India is likely to double by 2030 to the equivalent of 833 million tonnes (mt) of oil, according to an International Energy Agency forecast.

“The race to Africa to access the natural resources has been intensely led by China in the past decade,” said Gokul Chaudhri, partner at consultant BMR Advisors Pvt. Ltd. “India needs to demonstrate an integrated approach, involving political, diplomatic and economic cooperation, focused on institutional building and social engagement with Africa. Our efforts, so far, have been sporadic with limited success.”

The conference, being held by the petroleum and natural gas ministry in association with the lobby group Federation of Indian Chambers of Commerce and Industry (Ficci), will be attended by Andre Raphael Loemba, hydrocarbon minister of the Republic of Congo; Noel Guetat, deputy minister of mines, petroleum and energy of Cote d’ Ivoire; and Tolesa Shagi, Ethiopia’s state minister of mines.

The focus on Africa stems from the fact that Africa accounts for 9.5% (132 billion barrels) of the world’s proven oil reserves and 12% (478 mt per annum) of the world’s production. “The preferred approach of the Indian companies is to partner with the national oil companies of the African countries,” said Singh.

Countries in Africa have become a focus area for Indian firms; they present an alternative to oil-rich countries in West Asia, which offer service contracts and not production-sharing ones. In the latter, Indian companies get to share the output of a field in exchange for operating it.

“Africa will be our focus area for oil and gas import,” said Sudhir Bhargava, additional secretary in India’s oil ministry. India and China, both growing economies, need fuel reserves to feed their soaring energy needs and this has pitted them in a geopolitical race to acquire as much of the world’s resources as they can. The Chinese have a significant presence in Africa’s hydrocarbons sector and some experts partially attribute this to a failure on the part of India to actively engage African countries, both politically and economically.

“This (the conference) is not an exercise dictated solely by our search for resources. India has become one of the largest investors in many of the African countries,” said Shiv Shankar Mukherjee, former Indian high commissioner to South Africa and adviser to Ficci on international affairs. In recent years, India has scrambled to come up with a cohesive economic diplomacy policy in Africa.

“In the current decade there has been a quantum jump in our engagement with Africa. There were quite often criticism regarding the neglect of Africa. That was not really the case,” Mukherjee said.

In another development, Singh, responding to questions about Reliance Industries Ltd (RIL) beginning arbitration proceedings in anticipation of the government’s reported move to restrict the cost recoverable by the firm for developing the D6 field in the Krishna-Godavari basin depending on the level of utilization, said, “we’ve got a letter from RIL. Whatever issues have been raised, we would study and whatever needs to be done, will be done.”

India looks to Africa for secure energy supplies - Economy and Politics - livemint.com
 
Crompton Greaves develops indigenous 1,200 kV Transformer


NEW DELHI: Global electrical solutions provider Crompton Greaves (CG), part of the USD 4 billion Avantha Group, today said it has successfully designed, developed and tested its first indigenous 1,200-kV class auto-transformer.

"The engineering major announced the dispatch of its first 1,200 kV transformer to Power Grid Corporation of India Ltd (PGCIL) in Bina, Madhya Pradesh. The transformer was tested successfully in October at CG's Transformer division in Mandideep, Madhya Pradesh," the company said in a statement.

"After being the pioneer in manufacturing 800 kV Transformers ... CG has proved its excellent technical and manufacturing capabilities yet again," CG Chief Executive Officer and Managing Director Laurent Demortier said.

Globally, the 1,200 kV transformer is limited to a few countries like Russia (1,200 kV), Japan (1,100 kV), Italy (1,050 kV) and China (1,100 kV), the company said.

It added that the country would need 1,200 kV AC, as next transmission voltage for bulk transfer of power of the order of 3,000 to 6,000 MW per line from power generation complexes in east and North-east to load centres located in Northern and Western Regions in line with plans of augmenting power generation capacity.

"The 1,200 kV AC will be the highest transmission voltage (UHV) in the world. To develop this frontier technology indigenously, PGCIL took a lead to establish a 1,200 kV test station at Bina (Madhya Pradesh)," the statement said.

PGCIL collaborated with manufacturers and CG was selected as one of the major partners to develop this equipment and took this opportunity as an R&D project to develop this technology, it added.

Crompton Greaves develops indigenous 1,200 kV Transformer - The Economic Times

Shows India's Industrial Capability!
 
ADB to fund Reliance Power solar power plant in India

(Reuters) - Asian Development Bank (ADB) said on Monday it is part-funding a project with India's Reliance Power to build what it said would be India's largest solar photovoltaic power plant.

The plant marks Reliance Power's first foray into solar energy and is part of its strategy to expand its renewable energy portfolio.

ADB is providing a long-term loan of up to $48 million to finance the 40 megawatt solar power project located in Jaisalmer district in the western state of Rajasthan.

Reliance group firm Reliance Infrastructure will buy the electricity under a long term power purchase agreement. The power will be distributed to households in Mumbai, the country's financial capital. :what:

The project, expected to cost about $147 million, is scheduled to be completed by the second quarter of 2012, the statement posted on ADB's site, said.

The Export Import Bank of the United States is also providing funding for the project.

ADB said it aims to help develop, finance and commission 3,000 MW of solar power generation capacity in its developing member countries by mid 2013.

ADB to fund Reliance Power solar power plant in India | Reuters
 
April-Sept FDI inflows at $25.8 bln: Mukherjee


NEW DELHI (Reuters) - India received foreign direct investment worth $25.8 billion between April and September compared with $11 billion in the corresponding period a year ago, Finance Minister Pranab Mukherjee told lawmakers in parliament on Thursday.

(Reporting by Manoj Kumar; Editing by Aradhana Aravindan)

April-Sept FDI inflows at $25.8 bln: Mukherjee - Yahoo! India Finance
 
Food inflation rate falls to near 3-1/2 yr low | Reuters

(Reuters) - India's annual food inflation eased to its lowest in nearly three-and-a-half years in late November, driven by a sharp fall in prices of vegetables and protein-rich food, bolstering the case for a pause in rates when the RBI reviews policy next week.

Food inflation sharply eased to 6.60 percent in the year to November 26, government data on Thursday showed, from an annual 8.00 percent in the previous week.
 

This is there even when prices of petrol and diesel have been moving up....:yahoo:

The main reason for food inflation in india is mismanagement of food distribution....
Gov plan of abolisihing food subsidy with PDS and instead giving cash in subsidy to purchase foodgrain at retail will control black marketing And grain hoarding..

I say this gov as corrupt as it has been has taken some bold decision
1) deregulate petrol and diesel(somewhat) --) limits oil subsidy and hence fiscal deficit..
2) Land bill will help in planning and quicker execution of infra projects..
3) Road connectivity is improving a lot barring in cities outer national highway just make me forget for a moment that i m in india..

But for corruption and spineless attitude toward enemies :tdown:
 
Japanese firm to conduct study on Hyderabad-Chennai rail corridor

08_bullet_train_2__858773f.jpg


Railways have selected a Japanese consortium to explore the possibility of running a bullet train on the Hyderabad-Chennai high speed rail corridor.

Japan External Trade Organisation (Jetro) and Oriental Consultancy along with Parsons Brinkhoff India has bagged the contract to conduct the pre-feasibility study on the proposed 664 km long Hyderabad-Vijaywada-Chennai route for running the high speed train, a senior Railway Ministry official said.

Japan’s high speed trains Shinkansen operate at a speed of up to 300 km per hour and are known for their punctuality, comfort, safety and efficiency.

The consortium will submit the report in seven months.

The study is expected to cost the railways about Rs. 3.5 crore.

There were a total of 13 bidders including Korean, French, British and Spanish consultants in the race to bag the southern high speed rail project.

With the selection of the Japanese consortium, railways have undertaken study of four routes for running bullet trains.

Railways have roped in French firm Systra for Pune-Mumbai-Ahmedabad (650 km) route, while UK—based consultant Mott McDonald has been engaged to conduct the pre-feasibility study of the longest Delhi-Agra—Lucknow—Varanasi-Patna (991 km) route.

Spanish consultant Eneco has been hired to carry out studies in the shortest Howrah-Haldia (135 km) route.

Systra has submitted the report to the Railway Ministry, which is being examined now.

Selection for consultants for Delhi-Chandigarh-Amritsar (450 km) and Chennai-Bangalore-Coimbatore-Thiruvananthapuram (869 km) high speed rail corridor will be decided shortly.

In order to expedite the bullet train project, Railways is in the process of constituting the National High Speed Rail Authority on the lines of the National Highways Authority.

The draft of the National High Speed Rail Authority Bill has been sent to the Law Ministry, Urban Development Ministry, Environment Ministry, Finance Ministry and Planning Commission for their views.

“The final draft of the Bill would be sent to the Cabinet for its approval before being introduced in the Budget Session of Parliament,” the official said.

According to an estimate, it will cost about Rs.100 crore to construct a one km dedicated high speed corridor. As per the preliminary report, ridership revenues would be able to cover the operating cost of the project.

State governments and financial institutions are expected to be stakeholders of the high speed rail corridor project as these projects will be executed through PPP mode.

Railways plan to make the high speed rail corridor a catalyst for India’s economic growth and a stimulus for the development of satellite towns.

The Hindu : Business News : Japanese firm to conduct study on Hyderabad-Chennai rail corridor
 
India November Trade Gap Narrows - WSJ.com

NEW DELHI – India's trade deficit in November narrowed from a four-year high in the previous month but remained a worry for the government, which expects exports to nearly meet the full-year aim despite weakening demand in the euro zone.

The trade gap in November shrank to $13.6 billion from October's $19.6 billion. For the April-November period, the deficit was $116.8 billion.

"Balance of trade remains a serious problem as imports continue to be very high," Commerce Secretary Rahul Khullar said at a news conference.

The wide trade gap adds to worries that India will find it hard to fund its current account deficit at a time when foreign capital inflows are drying up due to the global turmoil. The trade gap will also fuel concerns of a weaker rupee and further stoke inflation that has been hovering close to double digits for several months now.
 
Japanese firm to conduct study on Hyderabad-Chennai rail corridor

08_bullet_train_2__858773f.jpg


Railways have selected a Japanese consortium to explore the possibility of running a bullet train on the Hyderabad-Chennai high speed rail corridor.

Japan External Trade Organisation (Jetro) and Oriental Consultancy along with Parsons Brinkhoff India has bagged the contract to conduct the pre-feasibility study on the proposed 664 km long Hyderabad-Vijaywada-Chennai route for running the high speed train, a senior Railway Ministry official said.

Japan’s high speed trains Shinkansen operate at a speed of up to 300 km per hour and are known for their punctuality, comfort, safety and efficiency.

The consortium will submit the report in seven months.

The study is expected to cost the railways about Rs. 3.5 crore.

There were a total of 13 bidders including Korean, French, British and Spanish consultants in the race to bag the southern high speed rail project.

With the selection of the Japanese consortium, railways have undertaken study of four routes for running bullet trains.

Railways have roped in French firm Systra for Pune-Mumbai-Ahmedabad (650 km) route, while UK—based consultant Mott McDonald has been engaged to conduct the pre-feasibility study of the longest Delhi-Agra—Lucknow—Varanasi-Patna (991 km) route.

Spanish consultant Eneco has been hired to carry out studies in the shortest Howrah-Haldia (135 km) route.

Systra has submitted the report to the Railway Ministry, which is being examined now.

Selection for consultants for Delhi-Chandigarh-Amritsar (450 km) and Chennai-Bangalore-Coimbatore-Thiruvananthapuram (869 km) high speed rail corridor will be decided shortly.

In order to expedite the bullet train project, Railways is in the process of constituting the National High Speed Rail Authority on the lines of the National Highways Authority.

The draft of the National High Speed Rail Authority Bill has been sent to the Law Ministry, Urban Development Ministry, Environment Ministry, Finance Ministry and Planning Commission for their views.

“The final draft of the Bill would be sent to the Cabinet for its approval before being introduced in the Budget Session of Parliament,” the official said.

According to an estimate, it will cost about Rs.100 crore to construct a one km dedicated high speed corridor. As per the preliminary report, ridership revenues would be able to cover the operating cost of the project.

State governments and financial institutions are expected to be stakeholders of the high speed rail corridor project as these projects will be executed through PPP mode.

Railways plan to make the high speed rail corridor a catalyst for India’s economic growth and a stimulus for the development of satellite towns.

The Hindu : Business News : Japanese firm to conduct study on Hyderabad-Chennai rail corridor

Different firms for different routes...? Any advantage in this ..?
 
Barring highways, infrastructure does well in first half of FY'12


India's infrastructure sector have done well in the first half of the current fiscal, although highways remained a laggard, according to a mid-year analysis of the economy.

During the April-September period, power generation capacity addition was largely on the targeted lines. Against the target of 7,743 MW, actual addition was 7,501 MW, nearly 92 per cent of the goal set.

Total earnings of the railways from goods were also up by 10.15 per cent to Rs 32,439 crore, compared to Rs 29,448.55 crore in the first half of the last fiscal.

The civil aviation sector, though incurring losses over the past two quarters, has actually clocked 18 per cent growth in passenger traffic at 59 million during April-September, 2011-12, over 50 million in the year-ago period.

A robust growth was also seen in the telecom sector, which has registered over 899.8 million connections at August-end. The number of connections were 846.33 million, as on March 31, 2011.

"The total FDI equity inflows in the telecom sector have been USD 1,874 million during April-August this fiscal," as per the Mid-Year Analysis tabled in Parliament.

The shipping sector also witnessed some improvement - both on ground as well as on the policy front. While contract for the 4th container terminal of Jawaharlal Nehru Port has been awarded, a decision has been taken by the government to set up one more port in each of the maritime states.

However, on the flip side, the widening and strengthening target work on the national highways remained a distant dream. Against the target of adding 1,005 km during April-September, work could be completed on 690 km only.

Barring highways, infrastructure does well in first half of FY'12 - The Economic Times
 
India Cuts Growth Forecast, Warns May Miss Fiscal Targets

NEW DELHI -- The Indian government Friday cut its economic growth forecast to 7.25%-7.75% from the previous 8% for the year through March 2012, and admitted that it could miss several fiscal aims because of problems caused by global uncertainties.

Officially stating what has become clear over the past few months, the government said in its mid-year economic analysis that it would find it tough to stay within its budgeted expenditure and to narrow the fiscal gap to its stated aim of 4.6% of gross domestic product.

Asia's third-largest economy, battling inflation for more than two years, grew at its slowest pace in more than 24 months in the July-September 2011 period at 6.9%, hurt by 13 interest rate increases since March 2010 which squeezed investments and crimped factory output growth.

New Delhi, already burdened with swelling fuel and food subsidy bills, has little room to stimulate the economy.

The government has got parliament's approval to spend an additional 568.4 billion rupees ($11 billion) over budgeted expenditure to fund the rising subsidy bill.

This extra spending comes on top of another 528 billion rupees that the government plans to borrow over its budgeted plan of 4.17 trillion rupees debt sales.

The subsidy charges come mainly from selling items such as diesel--which fuels nearly all of India's trucks--at discounted prices to control inflation.

Items which poor people depend on--such as kerosene and cooking gas, as well as some food products--are also sold at large discounts.

"Commitments on account of additional requirement on various subsidies would make it difficult to adhere to the total expenditure target for the current year," the government said in the mid-year economic analysis.

India's economic performance in the April-September period missed most budgeted targets.

Total expenditure in the first seven months of the fiscal year which started April 1 was 54.1% of budgeted spending, lifting the fiscal deficit to 74.4% of the full-year aim.

"If Europe slides into a proper recession, with all the attendant financial contagion that will no doubt affect other nations, the entire world economy will slow down, and we could be impacted," the report said.

The report also flagged the risk of missing the stated revenue aim of 400 billion rupees by selling stakes in state-run companies and 130 billion rupees from auctioning telecommunications bandwidth.

Since April 1, the government has generated just 11.5 billion rupees from selling stakes in state-run companies--way behind its full-year target of 400 billion rupees.

The aim was to use the money to fund social spending and help narrow the fiscal deficit.

But "adhering to the fiscal deficit target of 4.6% of GDP in 2011-12" is now a major challenge, the report said.

However, the government maintained that it will stick to its medium-term path of fiscal consolidation, despite this year's blip.

Under a medium-term fiscal consolidation plan, the government is tasked with shrinking fiscal deficit to 3.5% by March 2014.


India Cuts Growth Forecast, Warns May Miss Fiscal Targets - WSJ.com
 

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