Indian Economy-News & Updates

[Nilgiri]

Konkan Railways

@Nilgiri @Ankit Kumar 002 @Levina @jbgt90 @Abingdonboy @PARIKRAMA

Truly commendable effort by this gentleman in making this. Thanks for the share.

@Sarge you may enjoy it

@LA se Karachi @Bilal9

 

[raj76]

हरे कृष्ण हरे कृष्ण,कृष्ण कृष्ण हरे हरे
हरे राम हरे राम, राम राम हरे हरे
28-09-2016

#Economy:India has become the second most competitive BRICS economy and will grow faster than China this year, according to the latest edition of the Global Competitiveness Index of the World Economic Forum. India’s competitiveness has improved across the board, in particular in goods market efficiency, business sophistication, and innovation.

#Finance:Sebi issued detailed guidelines for regulation of algorithmic trading in the commodity market. Algorithmic trading or 'algo' in market parlance refers to orders generated at a super-fast speed by use of advanced mathematical models that involve automated execution of trade, and it is mostly used by large institutional investors.

#Looking to bring down the cost of logistics, Govt would utilise waterways in the country to transport goods including fertiliser, cement and steel. Transportation through water costs barely 20 paise per km in comparison to Rs 1.5 km through road and Re 1 km through railways.

#Mera bharat mahaan: Yoga instructor Ramdev's trusts and similar other institutions engaged in promoting yoga are not required to pay the service tax for a period, starting from June 20, 2012 to October 20, 2015, provided they are registered as charitable entities.

 

[Nilgiri]

India becomes the second most competitive BRICS economy, to grow faster than China: WEF

http://economictimes.indiatimes.com...aster-than-china-wef/articleshow/54555682.cms

NEW DELHI: India has become the second most competitive BRICS economy and will grow faster than China this year, according to the latest edition of the Global Competitiveness Index of the World Economic Forum.

The report showed India’s competitiveness improved the fastest in 2015-16, jumping 16 places to rank 39th among 138 countries on the index, with the “stellar areas of improvement” being public institutions and increasing transparency in the financial system.

“India’s competitiveness has improved across the board, in particular in goods market efficiency, business sophistication, and innovation. Thanks to improved monetary and fiscal policies, as well as lower oil prices, the Indian economy has stabilised and now boasts the highest growth among G20 countries,” Global Competitiveness Report 2016 noted.

The report was released ahead of the India Economic Summit scheduled in New Delhi on October 6 and 7.

The forum’s analysts called India the best-performing economy in south Asia and an engine of growth in the region with recent reform efforts on improving public institutions, opening the economy to foreign investors and international trade, and increasing transparency in the financial system aiding its performance.

They said the Goods and Services Tax, if implemented well, will be a “game changer” for India.

While a decline in openness was cited as a major threat to the global competitiveness, India’s improved performance has been attributed to an increase in its openness.

Moreover, the report said there was convergence in the competitiveness of the world’s largest emerging markets.

“China, on 28, remains top among the BRICS grouping although another surge by India – which climbs 16 places to 39 – means there is now less of a gap between it and its peers. With both Russia and South Africa moving up two places to 43 and 47, respectively, onlyBrazil is declining, falling six places to 81,” it said.

However, analysts at the forum pointed out stressed balance sheets of banks, low female participation in the labour force, and a large part of country not connected to the internet among India’s weaknesses. Tax regulations, corruption, tax rates, poor public health andinflation were “problematic factors for doing business,” according to the report.

 

[PARIKRAMA]

A very good news..

Maharashtra Cabinet gives go-ahead for two Metro lines
By PTI | Sep 27, 2016, 08.42 PM IST
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The route will have interchanges at Wadala (Monorail), Kurla Eastern Express Highway (Metro Line 2B) and Kapurbawdi (Metro Line 5).
MUMBAI: The Maharashtra Cabinet today approved two lines -- D N Nagar-Bandra-Mankhurd and Wadala-Ghatkopar-Thane-Kasarvadavli in the Mumbai Metro corridor worth Rs 25,535 crore.

The Cabinet chaired by Maharashtra Chief Minister Devendra Fadnavis also approved Detailed Project Report of the Mumbai Metro 2B corridor of D N Nagar-Bandra-Mankhurd (23.5 km) and Metro 4 corridor -- Wadala-Mulund-Thane-Kasarvadavli, which is 32.32 km long.

While the Metro 2B corridor will cost Rs 10,986 crore, the other corridor will cost Rs 14,549 crore.

Principal Secretary of Urban Development Department said the project is to be completed within next three years.

"At present it is not decided to whether to adopt the segment wise construction module as in the case of the Dahisar-Andheri metro line or not. Mumbai Metropolitan Region Development Authority (MMRDA) will do the civil work while the state and Center will share 50 per cent of the loan component and Asian Development Bank and World Bank will provide the rest of the loan component," he said.

The Metro 2B corridor will have 22 stations on the route.

The route traverses through D N Nagar, Nanavati Hospital, Khira Nagar, National College, MMRDA, Kurla Terminal, Eastern Express Highway, Diamond Garden, Chembur and Mankhurd.

There will be interchange available at - D N Nagar (Metro Line 1), Bandra Suburban, ITO junction (Metro Line 3), Kurla East (Suburban and Metro Line 4), Chembur (Mono Rail) and Mankhurd (Suburban, CST-Panvel fast corridor, Mumbai and Navi Mumbai Airport fast corridor).

The metro car depot will be located at Mandala near Navi Mumbai.

The Metro 4 corridor will have 32 stations.

The route traverses through Wadala Depot, Bhakti Park Metro, Amar Mahal junction, Shreyas Cinema, Godrej company, Vikhroli Metro, Bhandup Mahapalika, Mulund Naka, Teen Haath Naka (Thane), Cadbury Junction, Majiwada, Kapurbawdi, Manpada, Tikuji-ni-wadi and Kasarvadavali with a car depot at Owale.

The route will have interchanges at Wadala (Monorail), Kurla Eastern Express Highway (Metro Line 2B) and Kapurbawdi (Metro Line 5).

http://economictimes.indiatimes.com...etro-lines/articleshow/54549012.cms?prtpage=1

 

[raj76]

हरे कृष्ण हरे कृष्ण,कृष्ण कृष्ण हरे हरे
हरे राम हरे राम, राम राम हरे हरे
29-09-2016

#Economy:Union Cabinet approved an agreement between India and Singapore on industrial property cooperation that is expected to enhance bilateral activities in Industrial Property Rights of patents, trademarks and industrial designs.

#Finance:Cabinet Committee on Economic Affairs approved a Rs 2,256 crore IT project 'Saksham' of the Central Board of Excise and Customs, designed to integrate CBEC systems with the GST.

#The I-T deptt has been directed to accept declarations without PAN under the black money compliance window, but ensure that the unique number is later obtained by the entity concerned.

#Mera Bharat Mahaan:The Govt's Income Declaration Scheme has seen a revenue of Rs 6,750 crore, as unaccounted money to the tune of Rs 15,000 crore has been disclosed as on September 28. The tax department is expecting the number to touch between Rs 25,000 crore and Rs 30,000 crore in the next two days.

भारत माता की जय

 

[anant_s]

Delhi Metro seeks 916 new coaches to tackle overcrowding in trains

Highlights

1. An additional 916 Metro coaches will be added to the existing 1,396.
2. 102 new Metro trains has been proposed as well.
3. There has been an average annual growth of 17.5% in ridership.

NEW DELHI: In a move that may significantly reduce crowding in trains, the Metro has approached the government making a case for procurement of 916 coaches to tackle the 17.5% annual growth in ridership recorded over the past five years.

Says the detailed project report by the Delhi Metro Rail Corporation, "There is a persistent demand from all quarters, including the Supreme Court, that DMRC shall endeavour to run trains with best possible frequency to meet the needs of the city's public transport."

Given that Delhi Metro runs 1,396 coaches in its system, another 916 would mean a 65% increase in coaches.

In terms of trains, the proposal has sought 102 new ones to add to the existing network of 227. It cites "extreme overcrowding" for the need to add to the existing rolling stock, or coaches. According to the Delhi Metro, the augmentation is planned to be taken up from April 2017 to March 2021, after the approvals from the Delhi government and the Centre. The procurement is expected to cost Rs 13,284 crore, at 2016 prices.

At present, Delhi Metro operates on six corridors. Two more corridors will be added in phase III, for which the Delhi Metro has already placed an order of 486 coaches. However, the increasing ridership on the network has meant that the number of trains in the system is not enough to cater to the crowds.

In the past five years, 17.5% additional commuters have been added to the ridership, each year.At present, the daily average ridership of the network is around 28 lakh, though it recently touched 32 lakh on a hectic day .

The more populated corridors are line 34 (Dwarka sector 21 to NoidaVaishali) and line 2 (Sa maypur Badli to HUDA City Centre).

The average ridership is 10,75,586 on line 34 and 10,07,539 on line 2. The other lines clock between 40,018 for the Airport Express line to 3,74,516 for line 1, which is the Rithala to Dilshad Garden line.

Line 6 (ITO to Escorts Mujesar) recently saw a spike in ridership due to the opening of the corridor till Faridabad and extension of the line from Central Secretariat to ITO.
The addition of the 916 coaches, some of which will be used to convert the six or four coach trains into eight or six coach ones, will have an impact on the headway (the distance between two trains running on the same line, which roughly translates to train frequency), the DPR says.

According to figures in the DPR, the increase in coaches will minimise the headway , shaving away an entire minute on lines where the frequency is already quite high.

http://timesofindia.indiatimes.com/...ercrowding-in-trains/articleshow/54574618.cms

 

[Nilgiri]

One graph that shows India’s big leap in global competitiveness under PM Narendra Modi

The Global Competitiveness Index report 2016-17 released by the World Economic Forum shows India has made the biggest leap among all countries of the world this year

The Global Competitiveness Report 2016-17 released by the World Economic Forum shows India has made the biggest leap among all countries of the world this year. India is placed at the 39th position, which is 16 notches above the last year’s rank. Incidentally, in 2015-16 also India had jumped 16 positions in the Global Competitiveness Index.

While Switzerland has topped the list for the record eighth time, it is closely followed by Singapore and the US. With a score of 4.52, India is also the second-most competitive among BRICS nations behind China, which is ranked 28th. Switzerland’s score is 5.81.

Much of the change in India’s competitive outlook has been possible because of Prime Minister Narendra Modi reform measures to make India a leading global destination for investment. In the report, a graph comparing 10 years of competitiveness in India shows the country’s competitiveness index remained in the negative for most of the years between 2008-2014, during the Congress-led UPA government. While the index touched above zero points during 2010-11 and 2012-13, it slumped again in the negative in the following years till 2014.

In the last two years of PM Modi’s rule, India’s has jumped a whopping 32 places in the competitiveness index.

According to the report, India’s competitiveness has improved in several areas including goods market efficiency, business sophistication, and innovation. The report notes: “Indian economy has stabilized and now boasts the highest growth among G20 countries because of improved monetary and fiscal policies, as well as lower oil prices.”

Commenting on India’s ranking in the competitiveness index, Amitabh Kant, CEO, Niti Aayog, today tweeted, “Radically improving in all areas of growth: India improves in Global Competitiveness Index.”

The global ranking is based on the Global Competitiveness Index (GCI) which is prepared from country-level data covering 12 aspects including institutions, infrastructure, macroeconomic environment, health and primary education, financial market development, technological readiness, market size, business sophistication and innovation.

http://www.financialexpress.com/eco...-index-reports-under-pm-narendra-modi/395815/

 

[ashok321]

Tejas trains?

Tejas, Hamsafar Express services in railway's new timetable:

 

[Shravan#22580]

Highly used locomotives in SR

Electrics
WAP-4

WAG-7

WAP-7

WAG-5

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​

 

[anant_s]

No Royapuram White Stallions @Shravan#22580 ?

 

[Grevion]

Found this on YouTube. Nothing fancy but still worth a watch.

 

[Shravan#22580]

No Royapuram White Stallions @Shravan#22580 ?
View attachment 339294 View attachment 339295 View attachment 339296

Already posted

 

[Ankit Kumar 002]

@anant_s

Two days back happened to drop off a friend , who was going to Kolkata aboard Shatabdi , being hauled by a WAP7.

The motor man was a polite person who let me in CAB2 for a minute , it actually gave me goosebumps , and some general talks happened. Don't know why , but there was a huge RPF presence there , so no pics taken.


The thing which disappointed me a bit was the interiors. The paint , the seats.

The console was good , but lighting was bad.( It was not well lit inside , as it was quite dark due to heavy black clouds ).

I had seen few videos of Pakistani ZCU30 locomotives , whose interiors are no frills , but very good , and on the other side we have new WAG9s and WAP7s ....

This needs a fix.

Atleast good wipers and fans.

The wipers were making " Khat khat" sound which was quite loud even inside the CAB.And those small fans made little difference....


We need quite a bit improvement here. Before this I had foot plated a light WAP4 , which was just weeks from a POH , and I had high expectations from WAP7. But...

 

[anant_s]

@anant_s

Two days back happened to drop off a friend , who was going to Kolkata aboard Shatabdi , being hauled by a WAP7.

The motor man was a polite person who let me in CAB2 for a minute , it actually gave me goosebumps , and some general talks happened. Don't know why , but there was a huge RPF presence there , so no pics taken.


The thing which disappointed me a bit was the interiors. The paint , the seats.

The console was good , but lighting was bad.( It was not well lit inside , as it was quite dark due to heavy black clouds ).

I had seen few videos of Pakistani ZCU30 locomotives , whose interiors are no frills , but very good , and on the other side we have new WAG9s and WAP7s ....

This needs a fix.

Atleast good wipers and fans.

The wipers were making " Khat khat" sound which was quite loud even inside the CAB.And those small fans made little difference....


We need quite a bit improvement here. Before this I had foot plated a light WAP4 , which was just weeks from a POH , and I had high expectations from WAP7. But...

Well ergonomic in Indian locomotives hasn't been very good. Infact if you've been inside an old WAG 5 or WAM 4, you'll feel sorry for the loco crew. Light isn't good, a very few are equipped with AC and as for seats, lesser said the better.

as a comparison see how amazing Alstom KZ4A looks like.

The loco is even provided with Meal heating appliances and a toilet.
when same loco derivative comes to India, i hope its ergonomics are carried forward to other loco classes

 

[itachii]

Black money disclosure at Rs 65,000 crore till 8.00 pm

1. 
   The government's Income Declaration Scheme (IDS) saw an overwhelming response just a few hours before the deadline was to end.
   
   A senior income-tax official said the total declaration under the scheme is above Rs 65,000 crore till 8.00 pm. On this number, government likely to earn nearly Rs 30,000 crore.
   
   
   I-T department expects total declarations could reach between Rs 70,000 crore and Rs 80,000 crore in next 3 hours.
   
   The government had opened a four-month window for declaring unaccounted money, which would attract 45 per cent tax, penalty and cess.
   
   Surprisingly Hyderabad emerged as a top destination with declaration of Rs 13,000 crore, followed by Mumbai ( Rs 8,500 crore), New Delhi (Rs 6,000 crore) and Kolkata (Rs 4,000 crore). The total number of declarant from Mumbai is 4,000.
   
   The four-month window for disclosing domestic black money deposits will close on Friday (Today). The informal target for the scheme was a tax collection of Rs 40,000-50,000 crore on black money declaration of Rs 1 lakh crore.
   
   http://www.business-standard.com/ar...65-000-crore-till-8-00-pm-116093001207_1.html