Indian Economy-News & Updates
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Hulk
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Which Engine is this, looks good?
Ankit Kumar 002
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12,000 hp locomotives by Alsthom which will be built here.
raj76
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हरे कृष्ण हरे कृष्ण,कृष्ण कृष्ण हरे हरे
हरे राम हरे राम, राम राम हरे हरे
05-09-2016
#Economy:A recent High Court verdict directing the central revenue authorities to refund service tax collected from three travel portals including MakeMyTrip may be challenged in Supreme Court by the Govt.
#Finance:Indian states await a big boost to their finances this year as they are on course to get an additional Rs 24,000 crore bounty or more from the Centre by way of the excise duty share on oil products this fiscal year, which is set to jump by around Rs 60,000 crore.
# Urjit Patel, the new Governor of RBI who has maintained a contrasting low-profile to outspoken and rockstar-like Raghuram Rajan, has his immediate task cut out -- finishing the 'unfinished agenda' of his predecessor on completing 'deep surgery' of banks and winning the war on inflation.
#Mera Bharat Mahaan:To supplementing existing supply chain networks and even building loyalty programmes for these kirana stores, startups hope to help a sector that still accounts for 90% of all retail purchases in the country and hopes to keep larger (better-funded) competitors at bay. At stake: bragging rights for a sector set to tip the $1 trillion mark by 2020.
भारत माता की जय
हरे राम हरे राम, राम राम हरे हरे
05-09-2016
#Economy:A recent High Court verdict directing the central revenue authorities to refund service tax collected from three travel portals including MakeMyTrip may be challenged in Supreme Court by the Govt.
#Finance:Indian states await a big boost to their finances this year as they are on course to get an additional Rs 24,000 crore bounty or more from the Centre by way of the excise duty share on oil products this fiscal year, which is set to jump by around Rs 60,000 crore.
# Urjit Patel, the new Governor of RBI who has maintained a contrasting low-profile to outspoken and rockstar-like Raghuram Rajan, has his immediate task cut out -- finishing the 'unfinished agenda' of his predecessor on completing 'deep surgery' of banks and winning the war on inflation.
#Mera Bharat Mahaan:To supplementing existing supply chain networks and even building loyalty programmes for these kirana stores, startups hope to help a sector that still accounts for 90% of all retail purchases in the country and hopes to keep larger (better-funded) competitors at bay. At stake: bragging rights for a sector set to tip the $1 trillion mark by 2020.
भारत माता की जय
Abingdonboy
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12,000HP double section freight electric locomotives from Alstom for the Eastern DFC. 800 of which are on order, with deliveries commencing in 2018.
http://www.alstom.com/press-centre/...uble-electric-locomotives-to-indian-railways/
anant_s
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This is Braking Assistance. Note that Lead loco is de-energized!
This is a variant of Prima 2 from Alstom and is an 8 axle (Bo-Bo+Bo-Bo) 9,000 kW locomotive selected for Eastern DFC service in India. these are slated to arrive from 2019.
anant_s
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12 reasons why 59% of India thinks Suresh Prabhu is doing a good job with Railways
About 59% of India, according to a survey released by Inshorts and Ipsos today, believes that railway passenger experience has improved. This number should be a booster for rail minister Suresh Prabhu.
The last two years have seen Prabhu bringing in a slew of passenger-friendly reforms in his bid to pull the national transporter up from chronic under-investment and increase its spend by almost 285% over the next 5 years.
Prabhu plan for a $5 billion fund for redevelopment of railway stations is also close to reality. The fund, which has a tenure of seven years, is part of the minister's push to create a world-class experience for passengers.
So in the next few years when you book a train ticket, expect these 12 things
Reach any part of India in just 12 hours
Last month Prabhu announced four new categories of trains, one for unreserved passengers and three for reserved ones, which will be operational in the next couple of months. He has also announced bullet trains to reduce the travel time of the passengers considerably. Prabhu said his dream is to travel from one part of the country to another in 12 hours. Here's what in store
a) Humsafar Express: A fully AC train with optional service for meals
b) Tejas: It will showcase the future of train travel in India with operating speeds of 130 kmph
c) Uday Express: Overnight double-decker train, which will run on busiest of routes. It will have 40% more passenger capacity
d) Antyodaya Express: A superfast train for those travelling on long routes and will be fully unreserved
Connect while you travel
High-speed WiFi is already in place at key stations. Prabhu has a target of 400 stations by 2018.
Choose your food
Train passengers will soon be able to order burgers and pizzas of their choice on the Indian Railways website and have them delivered right to their coaches. For last-minute purchases, vendor boys will be waiting on platforms with ready-to-serve burgers, pizzas and Indian thalis.
Leading quick service restaurants (QSR) such as Domino's Pizza, Burger King, Subway, KFC and Pizza Hut are opening up stores at railway stations.
Passengers will also soon get to decide if they want to eat railway food, and not pay for it. They will have the option to drop meals while booking tickets in Rajdhanis and Shatabdis.
You are covered
Railways launched a scheme allowing a person to get an insurance cover of up to Rs 10 lakh on booking a train ticket online by paying less than one rupee. A person booking a train ticket through the IRCTC website will be able to opt for travel insurance cover for a premium of 92 paise only.
For the executives
Prabhu is bringing the airport experience to railway stations with new 'executive lounges'. IRCTC will be setting up these lounges at 49 locations, which will have facilities such as Wifi, buffet services, wash and change, concierge services for pre-departure and post-arrival assistance to passengers of all classes of travel.
Book a retiring room
Suresh Prabhu has announced that passengers can now book retiring rooms on an hourly basis instead of the usual 12 or 24-hour slots. This facility will permit passengers to book retiring rooms for a minimum of three hours and a maximum of 48 hours.
Increased number of coaches
You don't have to fret over limited Rajdhani, Shatabdi seats. The Railways have increased the number of coaches in these trains so that more people can be accommodated.
Go mobile
Mobile tickets are valid for all trains now. Not just that, online booking services will now be available in several regional languages as well. Automatic ticket vending machines have also been installed.
Bedrolls
Most of us have struggled for bedrolls while travelling, a facility which was earlier available only for those travelling in AC compartments. Now the bedroll kit scheme has been extended to all ticket-holders.
The bedroll kit can booked online through IRCTC website. After booking a ticket from the website, traveller can book for bedrolls also. The bedrolls would be delivered to the passenger at his/her berth. Alternatively, passengers can pick up the kits at the IRCTC counter half-an-hour before the train's departure by showing the ticket.
Clean my coach
Passengers will be able to demand cleaning of a toilet via SMS. The audit will be done by third party and action to be taken based on passenger feedback
Never miss your stop
You need no longer be afraid of missing the station of your destination because you overslept. There will be a wake-up call facility on many trains.
Don't like something? Tweet it
A responsive 24x7 complaint resolution mechanism employed through the use of social media is up and running. Tweet a problem or complaint and you shall get a prompt reply from the Indian railways.
http://economictimes.indiatimes.com/industry/transportation/railways/12-reasons-why-59-of-india-thinks-suresh-prabhu-is-doing-a-good-job-with-railways/articleshow/54016454.cms
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Performance pays, as Mr. Prabhu has demonstrated. Best thing to have happened to Indian Railways since WAP 5
@PARIKRAMA @Abingdonboy @arp2041 @Nilgiri @nair @Levina @jbgt90 @illusion8 @Ankit Kumar 002 @litefire @proud_indian @gslv mk3 @RISING SUN
About 59% of India, according to a survey released by Inshorts and Ipsos today, believes that railway passenger experience has improved. This number should be a booster for rail minister Suresh Prabhu.
The last two years have seen Prabhu bringing in a slew of passenger-friendly reforms in his bid to pull the national transporter up from chronic under-investment and increase its spend by almost 285% over the next 5 years.
Prabhu plan for a $5 billion fund for redevelopment of railway stations is also close to reality. The fund, which has a tenure of seven years, is part of the minister's push to create a world-class experience for passengers.
So in the next few years when you book a train ticket, expect these 12 things
Reach any part of India in just 12 hours
Last month Prabhu announced four new categories of trains, one for unreserved passengers and three for reserved ones, which will be operational in the next couple of months. He has also announced bullet trains to reduce the travel time of the passengers considerably. Prabhu said his dream is to travel from one part of the country to another in 12 hours. Here's what in store
a) Humsafar Express: A fully AC train with optional service for meals
b) Tejas: It will showcase the future of train travel in India with operating speeds of 130 kmph
c) Uday Express: Overnight double-decker train, which will run on busiest of routes. It will have 40% more passenger capacity
d) Antyodaya Express: A superfast train for those travelling on long routes and will be fully unreserved
Connect while you travel
High-speed WiFi is already in place at key stations. Prabhu has a target of 400 stations by 2018.
Choose your food
Train passengers will soon be able to order burgers and pizzas of their choice on the Indian Railways website and have them delivered right to their coaches. For last-minute purchases, vendor boys will be waiting on platforms with ready-to-serve burgers, pizzas and Indian thalis.
Leading quick service restaurants (QSR) such as Domino's Pizza, Burger King, Subway, KFC and Pizza Hut are opening up stores at railway stations.
Passengers will also soon get to decide if they want to eat railway food, and not pay for it. They will have the option to drop meals while booking tickets in Rajdhanis and Shatabdis.
You are covered
Railways launched a scheme allowing a person to get an insurance cover of up to Rs 10 lakh on booking a train ticket online by paying less than one rupee. A person booking a train ticket through the IRCTC website will be able to opt for travel insurance cover for a premium of 92 paise only.
For the executives
Prabhu is bringing the airport experience to railway stations with new 'executive lounges'. IRCTC will be setting up these lounges at 49 locations, which will have facilities such as Wifi, buffet services, wash and change, concierge services for pre-departure and post-arrival assistance to passengers of all classes of travel.
Book a retiring room
Suresh Prabhu has announced that passengers can now book retiring rooms on an hourly basis instead of the usual 12 or 24-hour slots. This facility will permit passengers to book retiring rooms for a minimum of three hours and a maximum of 48 hours.
Increased number of coaches
You don't have to fret over limited Rajdhani, Shatabdi seats. The Railways have increased the number of coaches in these trains so that more people can be accommodated.
Go mobile
Mobile tickets are valid for all trains now. Not just that, online booking services will now be available in several regional languages as well. Automatic ticket vending machines have also been installed.
Bedrolls
Most of us have struggled for bedrolls while travelling, a facility which was earlier available only for those travelling in AC compartments. Now the bedroll kit scheme has been extended to all ticket-holders.
The bedroll kit can booked online through IRCTC website. After booking a ticket from the website, traveller can book for bedrolls also. The bedrolls would be delivered to the passenger at his/her berth. Alternatively, passengers can pick up the kits at the IRCTC counter half-an-hour before the train's departure by showing the ticket.
Clean my coach
Passengers will be able to demand cleaning of a toilet via SMS. The audit will be done by third party and action to be taken based on passenger feedback
Never miss your stop
You need no longer be afraid of missing the station of your destination because you overslept. There will be a wake-up call facility on many trains.
Don't like something? Tweet it
A responsive 24x7 complaint resolution mechanism employed through the use of social media is up and running. Tweet a problem or complaint and you shall get a prompt reply from the Indian railways.
http://economictimes.indiatimes.com/industry/transportation/railways/12-reasons-why-59-of-india-thinks-suresh-prabhu-is-doing-a-good-job-with-railways/articleshow/54016454.cms
------------------------------------------------------------------------------------------------------------------------------------------------
Performance pays, as Mr. Prabhu has demonstrated. Best thing to have happened to Indian Railways since WAP 5
@PARIKRAMA @Abingdonboy @arp2041 @Nilgiri @nair @Levina @jbgt90 @illusion8 @Ankit Kumar 002 @litefire @proud_indian @gslv mk3 @RISING SUN
T90TankGuy
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At the moment there are only three ministers who are performing in the Govt , He is one of them .12 reasons why 59% of India thinks Suresh Prabhu is doing a good job with Railways
View attachment 331648
About 59% of India, according to a survey released by Inshorts and Ipsos today, believes that railway passenger experience has improved. This number should be a booster for rail minister Suresh Prabhu.
The last two years have seen Prabhu bringing in a slew of passenger-friendly reforms in his bid to pull the national transporter up from chronic under-investment and increase its spend by almost 285% over the next 5 years.
Prabhu plan for a $5 billion fund for redevelopment of railway stations is also close to reality. The fund, which has a tenure of seven years, is part of the minister's push to create a world-class experience for passengers.
So in the next few years when you book a train ticket, expect these 12 things
Reach any part of India in just 12 hours
Last month Prabhu announced four new categories of trains, one for unreserved passengers and three for reserved ones, which will be operational in the next couple of months. He has also announced bullet trains to reduce the travel time of the passengers considerably. Prabhu said his dream is to travel from one part of the country to another in 12 hours. Here's what in store
a) Humsafar Express: A fully AC train with optional service for meals
b) Tejas: It will showcase the future of train travel in India with operating speeds of 130 kmph
c) Uday Express: Overnight double-decker train, which will run on busiest of routes. It will have 40% more passenger capacity
d) Antyodaya Express: A superfast train for those travelling on long routes and will be fully unreserved
Connect while you travel
High-speed WiFi is already in place at key stations. Prabhu has a target of 400 stations by 2018.
Choose your food
Train passengers will soon be able to order burgers and pizzas of their choice on the Indian Railways website and have them delivered right to their coaches. For last-minute purchases, vendor boys will be waiting on platforms with ready-to-serve burgers, pizzas and Indian thalis.
Leading quick service restaurants (QSR) such as Domino's Pizza, Burger King, Subway, KFC and Pizza Hut are opening up stores at railway stations.
Passengers will also soon get to decide if they want to eat railway food, and not pay for it. They will have the option to drop meals while booking tickets in Rajdhanis and Shatabdis.
You are covered
Railways launched a scheme allowing a person to get an insurance cover of up to Rs 10 lakh on booking a train ticket online by paying less than one rupee. A person booking a train ticket through the IRCTC website will be able to opt for travel insurance cover for a premium of 92 paise only.
For the executives
Prabhu is bringing the airport experience to railway stations with new 'executive lounges'. IRCTC will be setting up these lounges at 49 locations, which will have facilities such as Wifi, buffet services, wash and change, concierge services for pre-departure and post-arrival assistance to passengers of all classes of travel.
Book a retiring room
Suresh Prabhu has announced that passengers can now book retiring rooms on an hourly basis instead of the usual 12 or 24-hour slots. This facility will permit passengers to book retiring rooms for a minimum of three hours and a maximum of 48 hours.
Increased number of coaches
You don't have to fret over limited Rajdhani, Shatabdi seats. The Railways have increased the number of coaches in these trains so that more people can be accommodated.
Go mobile
Mobile tickets are valid for all trains now. Not just that, online booking services will now be available in several regional languages as well. Automatic ticket vending machines have also been installed.
Bedrolls
Most of us have struggled for bedrolls while travelling, a facility which was earlier available only for those travelling in AC compartments. Now the bedroll kit scheme has been extended to all ticket-holders.
The bedroll kit can booked online through IRCTC website. After booking a ticket from the website, traveller can book for bedrolls also. The bedrolls would be delivered to the passenger at his/her berth. Alternatively, passengers can pick up the kits at the IRCTC counter half-an-hour before the train's departure by showing the ticket.
Clean my coach
Passengers will be able to demand cleaning of a toilet via SMS. The audit will be done by third party and action to be taken based on passenger feedback
Never miss your stop
You need no longer be afraid of missing the station of your destination because you overslept. There will be a wake-up call facility on many trains.
Don't like something? Tweet it
A responsive 24x7 complaint resolution mechanism employed through the use of social media is up and running. Tweet a problem or complaint and you shall get a prompt reply from the Indian railways.
http://economictimes.indiatimes.com/industry/transportation/railways/12-reasons-why-59-of-india-thinks-suresh-prabhu-is-doing-a-good-job-with-railways/articleshow/54016454.cms
------------------------------------------------------------------------------------------------------------------------------------------------
Performance pays, as Mr. Prabhu has demonstrated. Best thing to have happened to Indian Railways since WAP 5
@PARIKRAMA @Abingdonboy @arp2041 @Nilgiri @nair @Levina @jbgt90 @illusion8 @Ankit Kumar 002 @litefire @proud_indian @gslv mk3 @RISING SUN
Nilgiri
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12 reasons why 59% of India thinks Suresh Prabhu is doing a good job with Railways
View attachment 331648
About 59% of India, according to a survey released by Inshorts and Ipsos today, believes that railway passenger experience has improved. This number should be a booster for rail minister Suresh Prabhu.
The last two years have seen Prabhu bringing in a slew of passenger-friendly reforms in his bid to pull the national transporter up from chronic under-investment and increase its spend by almost 285% over the next 5 years.
Prabhu plan for a $5 billion fund for redevelopment of railway stations is also close to reality. The fund, which has a tenure of seven years, is part of the minister's push to create a world-class experience for passengers.
So in the next few years when you book a train ticket, expect these 12 things
Reach any part of India in just 12 hours
Last month Prabhu announced four new categories of trains, one for unreserved passengers and three for reserved ones, which will be operational in the next couple of months. He has also announced bullet trains to reduce the travel time of the passengers considerably. Prabhu said his dream is to travel from one part of the country to another in 12 hours. Here's what in store
a) Humsafar Express: A fully AC train with optional service for meals
b) Tejas: It will showcase the future of train travel in India with operating speeds of 130 kmph
c) Uday Express: Overnight double-decker train, which will run on busiest of routes. It will have 40% more passenger capacity
d) Antyodaya Express: A superfast train for those travelling on long routes and will be fully unreserved
Connect while you travel
High-speed WiFi is already in place at key stations. Prabhu has a target of 400 stations by 2018.
Choose your food
Train passengers will soon be able to order burgers and pizzas of their choice on the Indian Railways website and have them delivered right to their coaches. For last-minute purchases, vendor boys will be waiting on platforms with ready-to-serve burgers, pizzas and Indian thalis.
Leading quick service restaurants (QSR) such as Domino's Pizza, Burger King, Subway, KFC and Pizza Hut are opening up stores at railway stations.
Passengers will also soon get to decide if they want to eat railway food, and not pay for it. They will have the option to drop meals while booking tickets in Rajdhanis and Shatabdis.
You are covered
Railways launched a scheme allowing a person to get an insurance cover of up to Rs 10 lakh on booking a train ticket online by paying less than one rupee. A person booking a train ticket through the IRCTC website will be able to opt for travel insurance cover for a premium of 92 paise only.
For the executives
Prabhu is bringing the airport experience to railway stations with new 'executive lounges'. IRCTC will be setting up these lounges at 49 locations, which will have facilities such as Wifi, buffet services, wash and change, concierge services for pre-departure and post-arrival assistance to passengers of all classes of travel.
Book a retiring room
Suresh Prabhu has announced that passengers can now book retiring rooms on an hourly basis instead of the usual 12 or 24-hour slots. This facility will permit passengers to book retiring rooms for a minimum of three hours and a maximum of 48 hours.
Increased number of coaches
You don't have to fret over limited Rajdhani, Shatabdi seats. The Railways have increased the number of coaches in these trains so that more people can be accommodated.
Go mobile
Mobile tickets are valid for all trains now. Not just that, online booking services will now be available in several regional languages as well. Automatic ticket vending machines have also been installed.
Bedrolls
Most of us have struggled for bedrolls while travelling, a facility which was earlier available only for those travelling in AC compartments. Now the bedroll kit scheme has been extended to all ticket-holders.
The bedroll kit can booked online through IRCTC website. After booking a ticket from the website, traveller can book for bedrolls also. The bedrolls would be delivered to the passenger at his/her berth. Alternatively, passengers can pick up the kits at the IRCTC counter half-an-hour before the train's departure by showing the ticket.
Clean my coach
Passengers will be able to demand cleaning of a toilet via SMS. The audit will be done by third party and action to be taken based on passenger feedback
Never miss your stop
You need no longer be afraid of missing the station of your destination because you overslept. There will be a wake-up call facility on many trains.
Don't like something? Tweet it
A responsive 24x7 complaint resolution mechanism employed through the use of social media is up and running. Tweet a problem or complaint and you shall get a prompt reply from the Indian railways.
http://economictimes.indiatimes.com/industry/transportation/railways/12-reasons-why-59-of-india-thinks-suresh-prabhu-is-doing-a-good-job-with-railways/articleshow/54016454.cms
------------------------------------------------------------------------------------------------------------------------------------------------
Performance pays, as Mr. Prabhu has demonstrated. Best thing to have happened to Indian Railways since WAP 5
@PARIKRAMA @Abingdonboy @arp2041 @Nilgiri @nair @Levina @jbgt90 @illusion8 @Ankit Kumar 002 @litefire @proud_indian @gslv mk3 @RISING SUN
59% popularity only? Much room for improvement
But I think it will increase with time....these are still early days 
Saab, have you talked to joe, is he coming back?
el che
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Who are the other two? Parikar is one of them I guess
Echo_419
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I agree, Prabhu, Gadkiri and Goyal are the only 3 ministers who are performing & we will win 2019 on their backs. Also, I think HRD might start performing now
kaykay
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Suresh Prabhu,Sushma Swaraj, Piyush Goyal and Gadkari..... Perrikar is not there yet.
Nilgiri
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My 3 would be goyal, gadkari and prabhu
