India Developing, but still a long way to go

[jayron]

Planning India: From Chandigarh to NanoCity

FORA.tv - Planning India: From Chandigarh to NanoCity

^^^^^^
Video

I think Nanocity project is dropped.

 

[Water Car Engineer]

I think Nanocity project is dropped.

Sabeer Bhatia''s Nano City recommended to be scrapped by HSIIDC

http://news.oneindia.in/2011/02/11/sabeerbhatias-nano-city-recommended-to-be-scrapped-byhsi-aid0126.html

I hope not

 

[Water Car Engineer]

To push growth, focus on infrastructure: Prez

President Pratibha Patil on Monday said wider economic reforms were required to sustain India's growth momentum with focus on infrastructure development. "We have to maintain the momentum for reforms on a wide front," she said in her address to both Houses of Parliament to mark the opening of the Budget session of the Parliament.

"The policies we followed to handle the global financial meltdown stand vindicated. However, there is no room for complacency. We have to strive to make the domestic environment more conducive to investment, encouraging public as well as private investment, and domestic as well as foreign investment, particularly foreign direct investment," Patil said.

Patil said infrastructure development was critical for achieving India's growth objectives."The investment of over Rs 20 lakh crore in the Eleventh Plan is more than twice the investment in the Tenth Plan. This is proposed to be doubled in the Twelfth Plan," she said.

The President said the huge quantum of investment cannot be funded by the government alone. It needs to be supplemented by private participation. "The contribution of the private sector has reached 34% of the total investment last year," Patil said. Patil also made a strong pitch for more reforms in the electricity sector.

"Total electrification of all villages is being accorded priority. Supply of quality power at reasonable prices to all, including farmers, will be possible if there is greater efficiency in the power sector. This requires concerted action on reforms in the power sector, particularly in improving the financial and technical capabilities of the electricity distribution companies in the states," Patil said.

The Mines & Minerals (Development and Regulation) Act is proposed to be replaced with a new piece of legislation, which will, among other measures, ensure that local communities benefit adequately from the development process.

"New initiatives will be launched shortly based on the report of the Task Force on Micro, Small and Medium Enterprises (MSMEs)," she said.

To push growth, focus on infrastructure: Prez - Hindustan Times

 

[Water Car Engineer]

 

[Water Car Engineer]

 

[Abhishek_]

 

[Water Car Engineer]

Nice one Abhishek..

Would be nice to see more of these in all of the states.

 

[Water Car Engineer]

India Unveils $12-Billion Railway Budget

NEW DELHI –Indian Railway Minister Mamata Banerjee announced Friday a raft of new trains and the highest-ever annual investment outlay of $12.71 billion for rail upgrades in the year beginning April 1, but said freight and passenger fares will be unchanged to keep a lid on inflation.

In the annual budget released Friday in parliament Ms. Banerjee announced as many as 68 new trains, including nine non-stop ones between major cities in 2011-12. The railways, the country's biggest employer, have a budget which is separate from the main federal one, which is set to be unveiled on Monday.

"We have been through a tough phase, but the railway is gaining strength day by day," she said, referring to the growing traffic volumes post an economic slowdown.

The railways gross traffic receipts rose to 1.06 trillion rupees during 2010-11, according a government statement.

During a speech that was punctuated by opposition uproar, Ms. Banerjee said the railways will also complete as much as 1,300 kilometers of new lines, compared to the post-1950 annual average of 180 kilometers.

This was the third budget for Ms. Banerjee since becoming railway minister in 2009 and critics had expected her to announce a "populist budget." particularly as her regional Trinamool Congress Party is hoping to win provincial elections in West Bengal later this year, after more than three decades of communist rule.

Ms. Banerjee announced a string of new railway-based industries such as a locomotive manufacturing unit in the remote northeastern state of Manipur, a bridge manufacturing factory in the troubled state of Kashmir, a computer software center in her native West Bengal's Darjeeling hill area, as well as two railway industry parks.

She also announced that as many as 236 railway stations would be upgraded in the year starting April and that four new passenger terminals would be built in three states--Kerala, Uttar Pradesh and West Bengal.

The minister said the budget had adopted a two-pronged approach aimed at boosting the growth of the railways as well as the welfare of the people.

She said that the railways would construct 10,000 shelters for the poor in three states, and recruit as many as 175,000 vacant posts including 16,000 former military persons.

The Indian railways employees 1.4 million employees and plays a crucial role in keeping India's economy and its people moving.

Ms. Banerjee said the railways would double annual borrowings to 205.9 billion rupees to expand the capacity for 2011-12, out of which the Indian Railway Financial Corp. Ltd.--a finance arm of railway ministry--planned to raise as much 100 billion rupees by issuing tax-free bonds.

India Unveils $12-Billion Railway Budget - WSJ.com

 

[Frank Martin]

Pictures from Navi Mumbai

 

[Frank Martin]

Delhi-Gurgaon express way

Statesman house in Delhi

Hotel Leela

 

[Frank Martin]

 

[Frank Martin]

 

[LaBong]

 

[NSG_BlackCats]

Delhi Metro Airport Link

 

[LaBong]

Calcutta Newtown.
CC : All sizes | Suburbs of Kolkata, W.B, India | Flickr - Photo Sharing!