Indian Economy-News & Updates

[raj76]

हरे कृष्ण हरे कृष्ण,कृष्ण कृष्ण हरे हरे
हरे राम हरे राम, राम राम हरे हरे
23-08-2016

‪#‎Economy‬: President said Indian economy has revived and is poised to achieve a growth rate of 7.5% in the next two years. The current account deficit has come down to 1.1% of GDP from 1.3% of GDP last year.

‪#‎Finance‬:Govt could be looking at rolling out the country's biggest indirect tax reform from mid-2017, realising that it may be an uphill task to have all the pieces for GST rollout in place by April 1, the start of the fiscal.

‪#‎BOB‬ CEO said the onus of recovery is on the Govt and not RBI. He said the Govt needs to pay vendors on time for services, ensure the projects perform and improve the legal system by upgrading enforcement processes.

‪#‎Mera‬ bharat mahaan:Supreme Court has upheld a 2014 verdict that men cannot be automatically arrested on dowry harassment complaints filed by their wives. The Dowry harassment law has become a menace, more often used as weapons rather than shields by disgruntled wives. The charge-sheeting rate is 93.6%, while the conviction rate is only 15%, which is lowest across all heads.

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[Shravan#22580]

Butt Welding
And Yeah! Our Ahmadabad-Mumbai HS Corridor will have an Undersea Tunnel in between the route and will be much similar to the Seikan Undersea Tunnel of Japan.

 

[Ryuzaki]

Acc. to latest data,Delhi bought more cars than whole of Kerala!

http://economictimes.indiatimes.com...modi-shouldnt-ignore/articleshow/53824849.cms

 

[anant_s]

& thus Indian Railways changed tracks from 130 to 200 kmph

watch this space for more

 

[anant_s]

Exactly 21 years ago, India was preparing for a path breaking technology as this article from Business World (23 August 1995) illustrates.

World Bank funded GP140 project set in motion a multinational industrial effort and after French Ignitrons & Excitrons followed by Japanese Solid State Rectifiers and Swedish Thyristor Choppers, IR was about to put this formula in field application

.

It would change the face of electric traction forever.

@AndrewJin @scorpionx

 

[proud_indian]

Exactly 21 years ago, India was preparing for a path breaking technology as this article from Business World (23 August 1995) illustrates.
View attachment 328288
World Bank funded GP140 project set in motion a multinational industrial effort and after French Ignitrons & Excitrons followed by Japanese Solid State Rectifiers and Swedish Thyristor Choppers, IR was about to put this formula in field application
View attachment 328289 .

It would change the face of electric traction forever.

@AndrewJin @scorpionx

It's a very good read
thanks

 

[proud_indian]

Central Railway Gives In-Principle Approval For Pune Metro Project​

Pune | Press Trust of India | Updated: August 23, 2016 09:06 IST

Central Railway has given its in-principle approval to the proposed Pune Metro Rail Project.
​

PUNE: The Central Railway (CR) has given its in-principle approval to the proposed Pune Metro Rail Project which was necessary as portion of the metro project passes through the railway land in the city.​

The CR recently sent a letter to the Pune Municipal Commissioner, in which it granted its in-principle approval.

The letter was brought before the media by Pune MP, Anil Shirole, in Pune on Monday.

Talking about the development, Mr Shirole said, "Since the issue of approval from Railways for the project was raised during the preliminary Public Investment Board (PIB) meeting at Delhi on June 23, I met Railway Minister Suresh Prabhu and conveyed the urgency."

"Following the meeting on August 5, the Central Railway gave its 'in principle approval' for the project. Now, it will help in its speedy implementation," he added.

http://www.ndtv.com/pune-news/centr...ciple-approval-for-pune-metro-project-1448901​

 

[Nilgiri]

Acc. to latest data,Delhi bought more cars than whole of Kerala!

http://economictimes.indiatimes.com...modi-shouldnt-ignore/articleshow/53824849.cms

This is more from the drop in sales in Kerala right?

Not so much remittance coming in as before due to lower oil prices I heard.

 

[Abingdonboy]

41 km/day being added by March 2017

 

[Nilgiri]

41 km/day being added by March 2017

Aiming to create 5 crore (50 million jobs)! Thats actually quite a good transfer rate from the fund flow he was talking.

Very impressed by his leadership, vision and dedication so far. Hope it goes from strength to strength!

 

[kadamba-warrior]

This is more from the drop in sales in Kerala right?

Not so much remittance coming in as before due to lower oil prices I heard.

And from car-sale surge in Delhi to get around the odd-even 'drama'!

Goes on to show how dimwitted Kejriwal's policies can be!

 

[Nilgiri]

And from car-sale surge in Delhi to get around the odd-even 'drama'!

Goes on to show how dimwitted Kejriwal's policies can be!

Maybe muffler man had stocks in maruti, hyundai etc...and it was all part of the plan

 

[kadamba-warrior]

Maybe muffler man had stocks in maruti, hyundai etc...and it was all part of the plan

Absolutely. I wouldn't put it past him.

41 km/day being added by March 2017

Gadkari's and Kejriwal's - such contrasting ways to curb pollution.

One wants to build signal free roads/highways/e-tolls to curb pollution, while the other wants to ban vehicles and has nothing else to show for his (mis)rule!

But hey, at least Kejriwal is on the right side of communal equation - so its all good!

 

[proud_indian]

Absolutely. I wouldn't put it past him.



Gadkari's and Kejriwal's - such contrasting ways to curb pollution.

One wants to build signal free roads/highways/e-tolls to curb pollution, while the other wants to ban vehicles and has nothing else to show for his (mis)rule!

But hey, at least Kejriwal is on the right side of communal equation - so its all good!

Not just that, he wants all the existing diesel running busses to run on Electricity having LI-ION battery packs and that too made with indigenous technology because an imported battery cost upwards 50 lakh INR but he want them "Made In India" under 5 lakh INR

for that he asked ISRO to develop a battery pack last year and ISRO came up with a prototype and in collaboration with ARAI they are refining it further.

Exclusive: ISRO-ARAI’s lithium-ion battery technology to be ready in 2017

by Amit Panday Apr 22, 2016
​

Rashmi Urdhwareshe, director, ARAI: “We have a target electric vehicle on which we will try the first locally developed (lithium ion) battery prototype.”
​

The drive to indigenously develop lithium ion battery technology for automotive applications in India is on track and will be ready as early as mid-2017, say ARAI officials.

Local development of expensive lithium ion battery technology, specifically for automotive applications, got a boost when last year Nitin Gadkari, Union Minister for Road Transport & Highways, and his team of advisors initiated discussions with the Indian Space Research Organisation (ISRO).

ISRO is known to have access to lithium ion technology for space applications, which, as experts say, are characterised by high-end specifications as compared to the ones suitable for automotive industry. ISRO and ARAI (Automotive Research Association of India) have been working on a joint project undertaken to develop lithium ion technology capability indigenously.

Talking exclusively to Autocar Professional in this context on the sidelines of the ongoing Automotive Testing Expo 2016 in Chennai, Mrs Rashmi Urdhwareshe, director, ARAI, said, “This is a joint project with ISRO. They already have access to lithium ion battery technology, which they use for space applications.

For automotive, we would like to lower down the specifications as well as have it more suitable for the relevant duty cycles. This is our job. ISRO, on the other hand, has the right chemistry and technology that can translate into compact lithium ion battery systems.”

​

ISRO is learnt to have delivered a cell-level (lithium-ion) prototype to ARAI, which was being tested for the automotive duty cycles at the latter’s facility in Pune.

The automotive research authority has compiled a report with its inputs on suitable specifications required for automotive applications. These inputs are now shared with ISRO.

Disclosing the latest updates on this, Mrs Urdhwareshe added, “The next step would be to reduce the specifications, use indigenously developed materials and also to make it cost effective, which is our primary objective. This is what is being done now. It is a very promising project. About components that are used in the lithium ion batteries such as chemistry, packaging and other specifications related to energy density, we are working upon jointly. This was a complete one-year project of which 50-60 percent or 6 months are already over. We will be sending the final report to ISRO on which they will work upon and then they will submit us (the technology with) revised specifications.”

Prototype testing and validation by end-2016
ARAI expects to have the lithium ion cells (put together to form battery packs) with proper improvised automotive specifications from ISRO to run final prototype testing and validation processes by end-2016. These final stages may take a few months before the authority makes formal announcements.

“Yes, we will by then have the cells with relevant device specifications. We will then package these cells into battery packs using our own battery management system (BMS). We are developing our own BMS. We also have a target electric vehicle on which we will try the first actual locally developed (lithium ion) battery prototype. After these tests, we will be more confident in announcing the final product development and battery technology. It could be another year or so before it could even enter commercial production here,” stated the senior ARAI official.

The road ahead
This development clearly signals the readiness of the first ever indigenously developed lithium ion battery technology put together for automotive industry applications as early as the Q2 CY2017. ARAI will then scout for technology partners from the industry for proper technology sharing that will involve setting up a manufacturing facility and commercial production of automotive batteries for electric and hybrid vehicles.

Commenting on commercial production of lithium ion batteries in India, Mrs Urdhwareshe said: “Once the design is proven, we will look for a technology partner who can do the commercialisation because neither ISRO nor ARAI are organisations that can commercialise the production of products. So this would be done through incubation or other ways.”

Existing battery manufacturing companies such as Exide Industries, Amara Raja Batteries, HBL Power Systems, Base Corporation and others could be the potential players reviewing the prospects of venturing into Li-ion battery project for the automotive industry.

Industry experts, however, point out that while the local production will certainly bring down the costs associated with the lithium ion batteries, the demand forecast and the drive to create suitable infrastructure of charging stations across regions will solely dictate the willingness of private companies to make investments in this area.
The basic lithium ion cell prototypes being developed are suitable for small passenger cars. However, according to ARAI, these cells are capable of being integrated into larger battery packs for bigger or smaller vehicle types.

http://www.autocarpro.in/news-natio...thium-ion-battery-technology-ready-2017-16794

@kadamba-warrior @Nilgiri @Abingdonboy @anant_s

 

[raj76]

हरे कृष्ण हरे कृष्ण,कृष्ण कृष्ण हरे हरे
हरे राम हरे राम, राम राम हरे हरे
24-08-2016

#Economy:After amending its tax treaties with Mauritius and Cyprus, India is now eyeing its agreement with Singapore. Negotiations have begun between the two countries to seal the changes. Singapore accounts for 16% of India's foreign investments. These are essentially investments from third countries that get routed from Singapore due to tax benefit.

#Finance:Govt is examining a recommendation by the special investigation team to ban cash transactions of over Rs 3 lakh to clamp down on black money.

#In an effort to reach out to people of Jammu and Kashmir, the Centre is in the process of providing employment opportunities to 1.40 lakh youths in the state through various means, including skill development training and jobs in police and paramilitary forces.

#Mera Bharat Mahaan:India has figured among the top 10 wealthiest countries in the world with a total individual wealth of $5,600 billion.

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