Indian Economy-News & Updates

[raj76]

हरे कृष्ण हरे कृष्ण,कृष्ण कृष्ण हरे हरे
हरे राम हरे राम, राम राम हरे हरे
01-10-2016

#Economy:Activity in India’s core sector marginally picked up in August with the eight core industries growing 3.2% compared with 3% growth in July.

#Finance:The Govt is following the roadmap to implement the GST by the targeted deadline of April 1, 2017

#China apprehends that India will deploy the 36 nuclear-capable Rafale fighter jets to be acquired from France in the border regions of China and Pakistan to enhance its deterrence capability.

#Mera Bharat Mahaan:Owners of roadside eateries in and around Mumbai have declared about Rs 50 crore in cash and properties under the Govt’s Income Declaration Scheme, a development that comes about a week after the Income Tax Department conducted raids on such premises across the country.

#आपको और आपके परिवार को नवरात्रों की ढेर सारी शुभकामनाएं।।।

भारत माता की जय

 

[anant_s]

Desh ka Mail, Bhartiya Rail

Dada Muni (yes he was perhaps first indian rapper ), Indian Railways and a childhood game we all have played. Bliss!!

https://twitter.com/x/status/781456099253874688

Drone Footage of Progress made on Western DFC (Rewari Iqbalgarh Section)

How Sleepers are laid mechanically on DFC

@Abingdonboy @PARIKRAMA

 

[Local_Legend]

 

[anant_s]

From the pages of History

Their Excellencies Mr. N.A. Bulganin, Premier of the USSR, and Mr. N.S. Khrushchev, Member, Presidium of the Soviet going round and Chittaranjan Locomotive Works. Circa 1950s.

A Press party tour of Eastern India was arranged by the Government of India in January 1957. JAMSHEDPUR a locomotive in the finishing stages TELCO factory. Photo Courtesy: Photo Division, India

Their Majesties the King and the Queen of Nepal having a joy ride in an Railway Engine at the Chittaranjan Loco Works, Calcutta on December, 1955

(WG: Working Goods Locomotive for Broad Gauge)
-------------------------------------------------------------------------------------------------------------------------------------------

Mr. Salah Eddin Al-Bitar, Minister for Foreign Affairs, Syria, and other members of the party photographed inside a rail coach during their visit to Hindustan Aircrafts Ltd. Bangalore. Circa mid-1950s, Courtesy. Photo Division, India.

An exhibit of signalling and track switches of an East India Railway Station on display at the Roorkee Engineering Exhibition, November, 1949. Courtesy: Photo Division India.

The Prime Minister of India Shri Jawaharlal Nehru receiving His royal Highness Marshal Shah Mahmoud Khan Prime Minister of Afghanistan, on the latters' arrival at New Delhi Railway Station, on September 4, 1951.

Among others seen in the picture are: H.E. Dr. Najibullah Khan, Afghan Ambassador to India and Shri I.S. Chopra, Chief of Protocol, Government of India (extreme left)

Courtesy. Photo Division, India.

Union Railway Minister Shri Lal Bahadur Shastri examines a coupled wheel assembly at the Chittaranjan Locomotive Factory May 1954. Courtesy: Photo Division, India.

A 3,120 HP loco, one of the 1st 3,000 Volts DC locos supplied to Eastern Rly, gets ready for loading at Liverpool, England. Courtesy: Photo Division. India.

 

[anant_s]

The first “Annapoorna” Rail Dining-Car, which ran between Delhi and Dehra Dun, was opened by Lal Bahadur Shastri, Minister for Railways and Transport, Government of India, at the Railway Centenary Exhibition in New Delhi, on March 15, 1953. Photo shows the Minister for Railways and Transport with Lilavati Munshi, Vice-President of All India Women’s Food Council, inside the Dining-Car.
Courtesy Photo Division

Here's the actual pic of earliest train on Thane bridge. The famous one below is of Harris Bridge near Pune #IR163

(this pic is specially for you @Bombaywalla )
Two Western Railway seven-coach trains crossing each other near today's Marine Lines in 1930s. Pic from Anchoring A City Line published by Western Railway, Mumbai.

A rare photo of Mumbai Central station. Courtesy: Western Railway.

A very rare photograph of Thane station, borrowed from a book Thane history written by Prof Dawood Dalvi. The station an integral part of India's railway heritage of the Great Indian Peninsula Railway. The photograph has also been displayed at several exhibitions at Town Hall in Thane.


All pics Shri Rajendra Aklekar
http://bombayrailway.blogspot.in/


@Vergennes @hellfire @Ankit Kumar 002 @ranjeet @punit @Levina @PARIKRAMA @Abingdonboy @AndrewJin @Nilgiri @nair @AUSTERLITZ @scorpionx @Joe Shearer @Roybot @SrNair @litefire @WAJsal @Arsalan @ahojunk @TaiShang @waz @Shotgunner51 @MilSpec

 

[Arsalan]

Perhaps the best thing Gora gave us,, RAILWAYS!!

 

[GuardianRED]

Not sure if this was posted here before, BUT excellent episode !

 

[Grevion]

From the pages of History

Their Excellencies Mr. N.A. Bulganin, Premier of the USSR, and Mr. N.S. Khrushchev, Member, Presidium of the Soviet going round and Chittaranjan Locomotive Works. Circa 1950s.
View attachment 340278
A Press party tour of Eastern India was arranged by the Government of India in January 1957. JAMSHEDPUR a locomotive in the finishing stages TELCO factory. Photo Courtesy: Photo Division, India
View attachment 340279

Their Majesties the King and the Queen of Nepal having a joy ride in an Railway Engine at the Chittaranjan Loco Works, Calcutta on December, 1955
View attachment 340280
(WG: Working Goods Locomotive for Broad Gauge)

View attachment 340281
Mr. Salah Eddin Al-Bitar, Minister for Foreign Affairs, Syria, and other members of the party photographed inside a rail coach during their visit to Hindustan Aircrafts Ltd. Bangalore. Circa mid-1950s, Courtesy. Photo Division, India.

View attachment 340282
An exhibit of signalling and track switches of an East India Railway Station on display at the Roorkee Engineering Exhibition, November, 1949. Courtesy: Photo Division India.

View attachment 340283
The Prime Minister of India Shri Jawaharlal Nehru receiving His royal Highness Marshal Shah Mahmoud Khan Prime Minister of Afghanistan, on the latters' arrival at New Delhi Railway Station, on September 4, 1951.

Among others seen in the picture are: H.E. Dr. Najibullah Khan, Afghan Ambassador to India and Shri I.S. Chopra, Chief of Protocol, Government of India (extreme left)

Courtesy. Photo Division, India.

View attachment 340284

Union Railway Minister Shri Lal Bahadur Shastri examines a coupled wheel assembly at the Chittaranjan Locomotive Factory May 1954. Courtesy: Photo Division, India.

View attachment 340285
A 3,120 HP loco, one of the 1st 3,000 Volts DC locos supplied to Eastern Rly, gets ready for loading at Liverpool, England. Courtesy: Photo Division. India.

Amazing pictures, thank you for sharing these.
Also -

Their Excellencies Mr. N.A. Bulganin, Premier of the USSR, and Mr. N.S. Khrushchev, Member, Presidium of the Soviet going round and Chittaranjan Locomotive Works. Circa 1950s.
View attachment 340278

@anant_s @Ankit Kumar 002
Do you guys have any information on the Indian Railway's cooperation with the Soviet Railways.
Did railways of both India and the USSR had any collaboration on Locomotive technology, freight cars or passenger cars or in any other area?

????

 

[anant_s]

????

No formal cooperation and even the pics are from a state visit.
Soviet Union didn't have much of an advanced railway manufacturing as compared to Japan, US and France during 50s. IR still banked on Britain for hardware and later when France offered AC traction technology and US diesel locos, the doors were almost closed for Soviets.

 

[Nilgiri]

 

[Ankit Kumar 002]

Ministry of Railways
03-October, 2016 17:35 IST

Minister of Railways Modifies Senior Citizens Concession Rules

Ministry of Railways has decided to grant concession only to senior citizens of Indian Nationality, permanently residing in India.
It has been clarified that Senior Citizen concession shall not be admissible to the senior citizen of foreign nationals & NRIs.
The revised rule for concession to Senior Citizen should be as under:

Categories:-
Senior Citizen

Existing Rule :-
Male Senior Citizen of the age of 60 years and above and 58 years & above in case for women senior citizen.

Revised Rule :-
A Senior Citizen of Indian Nationality, permanently residing in India of the age of 60 years and above for Men Senior citizen and 58 years and above in case of Women Senior Citizen shall only be eligible for concession in passenger fare.
This has been come into effect from 29th September 2016.
AKS/MKV/AK

(Release ID :151386)

 

[Ankit Kumar 002]

Developing and Operating Inland Water Transport Terminal at Kolkata and Patna under PPP Model

Inland Waterways Authority of India (IWAI), Ministry of Shipping, has identified development and operation of Kolkata Terminal’s GR Jetty -I, GR Jetty-II & BISN and Patna Terminal’s Gaighat & Kalughat on National Waterways -1 i.e. River Ganga under the Public-Private Partnership (PPP) model. After invitation of bids, nine firms have expressed their interest in taking up the project and the work is expected to be awarded by November, 2016.

This is the first PPP project undertaken by the IWAI. Under the transactional structure worked out by International Finance Corporation (IFC), the operator will undertake the operations and maintenance services at both Kolkata and Patna clusters and invest in equipment handling mechanism, goods, items, container loading and unloading equipment and warehousing. The operator will also provide labour, professionals, supervisory, and managerial personnel for performance of operations and maintenance services.

The operator will have the right to demand and collect user fees from the users. Service charges would be revised from time to time so as to suitably reflect variation in the market conditions. The operator will be responsible for the payment of revenue share to IWAI for the period commencing from the third anniversary of the appointment date until the duration of the concession. The Operator is expected to handle 10,000 TEU or 15,000 tonnes at both the Terminals within five years of signing the contract.

IWAI will finalise the Front End Design (FEED) of the Kalughat Terminal and construct it with the technical assistance of the World Bank under Jal Marg Vikas Project. IWAI will initially invest Rs 80 crore for the estimated cost construction of the Kalughat Terminal and Rs 10 crore as the cost of land acquisition of about 2-3 hectares for the container cargo Terminal. IWAI has taken land on lease for thirty years for GR Jetty I & II, and BISN Terminal in Kolkata.

…


UM/AC
(Release ID :151382)

 

[raj76]

हरे कृष्ण हरे कृष्ण,कृष्ण कृष्ण हरे हरे
हरे राम हरे राम, राम राम हरे हरे
04-10-2016

#Economy:The CAG has initiated an audit of entities claiming tax exemption on agricultural income amid suggestions from some political parties and income tax authorities that a blanket exemption be done away with and tax be levied after a threshold.

#Finance:The Centre aims to set up 1.75 lakh MW of renewable energy capacity by 2030. Any of these utilities have been flouting renewable power purchase obligations.The power ministry may impose stricter penalties on state utilities that refuse to comply with renewable power purchase obligations.

#After a high decibel 'Make in India' pitch, the Govt has now turned to a more targeted approach to boost FDI inflows. In a first, the department of industrial policy and promotion (DIPP), along with Invest India, has identified 150 companies as potential investors and is meeting their top management teams individually as it seeks to ensure that FDI inflows rise for the fourth straight year.

#Mera Bharat Mahaan:A joint session of the Karnataka legislature unanimously passed a resolution to release water for irrigation purposes to farmers in the state, some of which will flow to Tamil Nadu.

भारत माता की जय

 

[ashok321]

Ride in the lap of luxury with the Deccan Odyssey

Among the many luxurious trains in the world, Deccan Odyssey stands out owing to its quality of service.

The legacy of princely sojourns across the wilderness, mountains and deserts of India is continued by the Deccan Odyssey.

Its captivating journeys beautifully cover the exotic landscapes of India.

An experience, in transit, that is hard to forget!

The Deccan Odyssey has 6 meticulously designed journeys to offer to its guests that traverses through the diverse landscape of India- lush landscapes, valleys, bustling cities and wide farm fields.

The train oozes sophistication with exquisite decor and all modern comforts - en suite facilities with hot and cold water on demand, Wi-Fi, cell phones with all emergency numbers fed in, television for entertainment purposes with famous classic, thoughtful and modern movies.

The luxury train also boasts of a small gym designed for the guests who do not want to miss out on their fitness sessions during the week long journey.

The in-house salon, Ayush, boasts of well-trained masseurs who incorporate ancient Indian techniques to help you relax your body and rejuvenate your mind.

 

[Śakra]