Indian Economy-News & Updates

[Nilgiri]

http://economictimes.indiatimes.com...t-from-key-pmo-group/articleshow/53987956.cms

 

[Nilgiri]

 

[raj76]

हरे कृष्ण हरे कृष्ण,कृष्ण कृष्ण हरे हरे
हरे राम हरे राम, राम राम हरे हरे
03-09-2016

#Economy: PM said he had thought of bringing out a White Paper on the state of economy after 10 years of UPA rule when NDA rode to power in 2014 but refrained from doing fearing it would hurt the country's interest. Two years of his rule has ended large corruption as also brought in the "biggest tax reform" of Goods and Services Tax.

#Finance:The Project Monitoring Group that works under the PMO has cleared 276 projects, stalled due to various reasons and accounting for investment of nearly Rs 10 lakh crore, in the last two years.

#LIC intends to dole out a bonus of up to 6% of the sum assured to policy holders this year on its 60th anniversary, a move that would help arrest sliding market share in the face of intend competition from private sector rivals and, a minor windfall for 17 crore policyholders.

#Mera Bharat Mahaan:The all-India strike by central trade unions affecting trade, transport, key manufacturing facilities and banking services caused an estimated loss of Rs 16,000-18,000 crore to the country's economy, an industry body said today.

भारत माता की जय

 

[Ankit Kumar 002]

Ministry of Railways
02-September, 2016 16:44 IST

Minister Of Railways inaugurated International Conference on Technology for Ultra High Speed Rolling Stock

Minister of Railways Shri Suresh Prabhakar Prabhu today i.e. on 02.09.2016 inaugurated International Conference on Technology for Ultra High Speed Rolling Stock jointly organised by Institute of Rolling Stock Engineers (IRSE) and Indian Railways Service of Mechanical Engineers Association (IRSMEA) with active support of Indian Railways. Member Rolling Stock Railway Board Shri Hemant Kumar and Member Engineering Railway Board Shri A. K. Mittal and other Railway Board officials were also present on the occasion.

Speaking on the occasion, Minister of Railways Shri Suresh Prabhakar Prabhu said that advance technology always plays a great role in the nation building. He said that modernization of the Railways solely depend on the advance technology and thus Indian Railways which is the Lifeline of the country is in the process of developing/adopting ultra high speed technology in the interest of people of the country. He said that it is dream of Railways to take not more than 12 hours to travel from one part of India to the other and idea is to enhance the average speed of all trains, so that everyone benefits. In case of ultra high speed technology, Indian Railways wants to develop it, implement it under Make in India to use it indigenously and to be able to export it also. The focus point of the ultra high speed rolling stock is to enhance customer experience, safety, bring in speed and augment capacity. He further said that with focus on “Make in India” Campaign, Railways wants to develop a technology which will help railways in the long run.

A first ever International conference in India on Technology for Ultra High speed rolling stock for operation at maximum speeds of 500 kmph and above is being held under the aegis of Institute of Rolling Stock Engineers (IRSE) and Indian Railways Service of Mechanical Engineers Association supported by Indian Railways , Railway PSUs RITES and Konkan Railway Corporation Limited.

The conference has evoked interest from all majors in the field of Ultra High Speed. Leaders like HyperLoop Transport Technology, USA, Quadralev USA, Talgo, Spain, RTRI Japan, Siemens Germany, Knorr Bremse, Germany , Prose Switzerland are participating. Delegates numbering about 500 from Railways, Indian Industry, Diplomatic Community, international Industry, Federations of Unions in Railways etc.
This conference is taking place immediately before opening of an Expression of Interest tender for developing, constructing and running a Ultra High Speed Railway system in India on PPP basis. It is expected that the EOI will give a full view of emerging technologies available in the world in this frontier area of railway technology and enable Indian Railway to move to the next step of sanctioning a project.

Backgrounder for International Conference on
“Technology for Ultra High Speed Rolling Stock”

Ø Current operating speeds are 110 to 150 KMPH in general. There is only one train i.e. Gatiman Express which runs at 160 KMPH between Delhi and Agra.

Ø Indian Railways also producing in-house 200 KMPH fit rake based on LHB technology at Rail Coach Factory, Kapurthala which is expected to be turned out before 31st October, 2016. Also, a high speed diesel multiple unit rake capable of running at 160 KMPH with potential upto 200 KMPH is under design and manufacture at ICF, Chennai. This rake will come out next year.

Ø These efforts have so far been to achieve semi high speed i.e. 160 to 200 KMPH on Indian Railways. 9 corridors have been identified for semi high speed - Delhi-Agra, Delhi-Chandigarh, Delhi-Kanpur, Nagpur-Bilaspur, Mysore-Bangalore-Chennai, Mumbai-Goa, Mumbai-Ahmedabad, Chennai-Hyderabad, Nagpur-Secunderabad.

Ø There has also been a concept proving trial of Talgo type rakes which has been tested upto 180 KMPH on existing track. These exploration are also in the area of semi high speed.

Ø IR have decided to built a high speed corridor based on Shinkansen technology of Japan between Ahmedabad to Mumbai with capable of running at 300 KMPH. Further, five feasibility studies are in progress for Mumbai-Delhi, Mumbai-Chennai, Delhi-Kolkata, Mumbai-Nagpur.

Ø However, all developments on IR have so far been based on Transfer of Technology (ToT) and further improvisation and developments at local level. As a result there has always been a gap in Railway technology between the developed World and India.

Ø Ministry of Railways have taken a visionary step to develop a ultra high speed railway technology capable of running upto at 500 KMPH and beyond. The example of ISRO is being followed for creating cutting edge technology in India to put a country amongst the leading nations of future Railway technology in the World.

Ø Types of ultra high speed technologies

· Maglev – conventional Maglev design is based on repulsion technology which has been developed by Germany and used in China. Another type of repulsion based Maglev technology has been developed by Japan. South Korea is also working on similar concept.

· Quadlev – this is ‘Attraction’ based Maglev technology at conceptual and lab test level, developed by Dr. James R. Powell of USA who is also one of the inventors of Maglev technology. This technology promises to transport both passengers and goods at much lower costs as compared to conventional Maglev.

· Hyper Loop technology – This technology was originally conceived by Mr. Elon Reeve Musk, CEO - Tesla Motors. This consists of passenger or goods carrying capsule like vehicles travelling inside an evacuated concrete pipe. The capsule is suspended inside the tube using Maglev principles. This technology is still under development and concept proving. However, this has capacity to travel at speeds exceeding 1000 KMPH at much lesser energy consumption as compared to conventional trains.

Ø Indian Railways have decided to join the global scientific and technical community involved in development of ultra high speed railway technology as a futuristic step. An Expression of Interest has been floated to build a development centre, a trial track of 15 km to be later extended to 250 to 500 KM distance on PPP basis. If a suitable technology is identified in this process, a project sanction will be considered for further development.

Ø Present Conference is yet another step in this direction. Institute of Rolling Stock Engineers and Indian Railways Service of Mechanical Engineers Association have come together with the support of Indian Railways, RITES and KRCL to organize this first ever Conference of its type in India.

Ø The Conference despite a short notice has attracted participation from Japan, Spain, USA, Germany and Switzerland. Participants from China and South Korea could not join because of paucity of time. However, there presence is expected in the delegates in this Conference.
Ø This one day Conference is focussing on available ultra high speed rolling stock technology, support systems technologies and initiate the dialogue for further development.
Ø It is hoped that in coming years India will join this elite club of ultra high speed railways by developing a technology of its own.
Ø The cost of ultra high speed technology particularly Maglev at present is higher and is comparable to underground metro systems. However, potential exists to develop technologies with much lesser cost then even elevated metro systems.
Ø This Conference will help Indian Railways in their plan to completely metamorphosise into a modern and efficient railway system in the future capable of providing safe reliable and comfortable ultra high speed travel.
***
AKS/MKV/DK

(Release ID :149478)

 

[Nilgiri]

 

[Kraitcorp]

Israel In India: How they are helping our farmers

Israel and India are joining hands to benefit the farmers of Haryana under the Indo Israel Agricultural Project, Gharaunda Karnal. The Center of Excellence provides a suitable platform for a rapid transfer of Israeli know how and new agricultural technologies to the farmers. Seedlings of Cucumbers are transplanted in a soilless media for season 2016-2017 at the Center of Excellence Gharaunda Karnal.

Capsicum Seedlings:
Indo Israel vegetable Center of Excellence at Haryana Karnal Gharaunda led by Dr. Satyender Yadav.Director Horticulture, heading the Coe and acts as the IIAP Vegetable Cluster Head. The IIAP consists of seven vegetable IIAP Centres across India in various states. Sharing the first batch of capsicum seedlings for the
season 2016-2017 were released to the farmers of Haryana.

The seedlings benefit the farmer by enabling her/him to start the season with high quality, healthy & uniform plants. It is a sustainable pillar of our Indo Israel partnership of MASHAV, MIDH & the partnering state, in this case the state of Haryana.

MASHAV counsellor in India DanAlluf turns Citizen Journalist and interviews Indian Farmer on the success story of Date Farming in Bhuj Gujarat.
IIAP is aiming to benefit the farmer by sharing Israeli knowledge and transferring agricultural technology. It's a partnership in which the Indian partner, ministry of agriculture MIDH, is identifying the Key crops and the Israel Partner, MASHAV, is defining and guiding the value chain.
The partnering state (currently 9 states are part of the IIAP) will implement the Agriculture solutions within a CoE.

https://www.facebook.com/video.php?v=1100552236658240

he Indo Israel Agriculture Project- More Crops for the Farmers of India. The Israeli expert for dates, Mr. Chaim Oren, demonstrates thinning a date bunch in order to receive a better and a bigger fruit

https://www.facebook.com/video.php?v=1100697123310418

Israel to help revive kesar's appeal:

Rajkot: Israel's famed agriculture techniques that have turned deserts green will now help Junagadh farmers revive kesar mangoes, whose production is on a steady decline over the last few years. These cultivators will soon get hi-tech expertise from Israel to improve their yield and rejuvenate their old mango trees from the Centre of Excellence for Mango (CEM) that will shortly be inaugurated in Talala, the hub of kesar mango trade

http://timesofindia.indiatimes.com/...revive-kesars-appeal/articleshow/52910365.cms

 

[Nilgiri]

I've always wondered why India never went into farming dates. Lots of demand and various areas should be good for cultivation. Guess it needed Israeli assistance for it to take off sustainably.

 

[Kraitcorp]

I've always wondered why India never went into farming dates. Lots of demand and various areas should be good for cultivation. Guess it needed Israeli assistance for it to take off sustainably.

Israeli expertise is invaluable to our farmers. Eg: the drip irrigation technique, Using the bees to enhance productivity and yield. I am more interested in the their bee technology and how it can help our farmers

 

[raj76]

हरे कृष्ण हरे कृष्ण,कृष्ण कृष्ण हरे हरे
हरे राम हरे राम, राम राम हरे हरे
04-09-2016

#Economy: Policymakers in some quarters of the Govt favour a GST rate of around 16% to make the reform more acceptable and also ensure it does not add to inflationary pressures. The new fiscal framework could provide the Govt wiggle room so that if revenues take a hit because of the low tax rate, this space could be utilized till the biggest tax reform starts yielding.

#Finance:Railway Ministry is in advanced stages of finalising a proposal to create a $5 billion fund to finance its various infrastructure projects.

#Union Minister for Electronics and IT said with a vast digital eco-system in place, scientists should focus on innovation and come up with more "pro-people" information technology products.

#Mera Bharat Mahaan:Entrepreneurs should partner with Govt to tap a Rs10 lakh crore market of reusing waste products.The startup world found the union minister for road transport, highways and shipping, who promised speedier action to confront this national problem.

भारत माता की जय

 

[anant_s]

Power Collection Pantographs manufactured in India

High Speed High Current Duble collection Pan Pantograph for 25 kV AC

High Reach Pantograph for high Rise catenary (such as one proposed for WDFC)

Conventional 25 kV AC Pantograph

High Speed Pantograph fro Passenger Locomotives

Track Maintenance machines used by Indian Railways

Levelling, lining and tamping machines

The machine runs on a diesel engine and can go upto 100 kmph speed.

Tamping

Over a period of time, continuous train movement on rail distort the geometry of track layout and is required to be restored. This is done by Track Tamping machines.

Tamping tines pack the ballast under the sleeper to produce a stable sleeper bed.

Plasser & Theurer developed a mechanised technique for this purpose: the system of non-synchronous constant pressure tamping which in professional circles is regarded as pioneering and unequalled in quality. The tamping tines penetrate the ballast bed from above and compact the ballast under the sleeper with a squeezing movement. Two factors are decisive here. Firstly, all tamping tines work with the same pressure; and secondly, the tamping tines vibrate with the ideal frequency of exactly 35 Hz. This directional, linear vibration combined with the non-synchronous tine movement produces a homogeneously compacted ballast bed.

 

[Nilgiri]

I am in favour of low GST as possible.

Less govt consumption as possible forces it to become more efficient. It will pass on a huge saving/capital injection to the consumers as goods become cheaper and this can really add legs to the economy when it most needs it (consumption boost). It also makes it hard for any future govt to increase the GST. It is an excellent check/balance to have (low starting GST rate)

Your thoughts @anant_s @PARIKRAMA @ranjeet @proud_indian @raj76 @Kraitcorp @Bilal9 @Ryuzaki @Levina @Abingdonboy

 

[anant_s]

I am in favour of low GST as possible.

I think that 18% limit being argued by Congress (& more importantly by industry) should be adhered to.
Anything higher is going to fuel inflation especially services sector cost rise and not many would like it.

States are already asking for a 20+% value for GST, but this would prove regressive move.

 

[raj76]

@Nilgiri i agree to some extent but it is better to be on a safer side for 1st couple of years (state governments will panic and ask for more share in the beginning u will see)

 

[anant_s]

Continuous action 3 Sleeper Tamping Machine

 

[Nilgiri]

@Nilgiri i agree to some extent but it is better to be on a safer side for 1st couple of years (state governments will panic and ask for more share in the beginning u will see)

BJP state govts can be told to suck it up.

Other govts can be made to look like anti-consumer, tax mongering bureaucrats if they persist.

That can be a great thing for BJP to use come election time...so I doubt the protests will be more than some tokenism.