Indian Economy-News & Updates

[proud_indian]

Oh thanks. He'll be visiting new delhi, agra, jaipur, aligarh
He was invited by aligarh University, and its impossible to go to India and not visit its beautiful scenery.... So...

Hey bro
Your dad some scholar or something?

regards

 

[haman10]

Hey bro
Your dad some scholar or something?

regards

Hi brother. Yup he's a university professor.
Long time no see. How are you doing?

 

[proud_indian]

Hi brother. Yup he's a university professor.
Long time no see. How are you doing?

Ya I have been busy
I wish your dad a safe and happy journey

regards

 

[Hindustani78]

Members of Sant Nirankari Charitable Foundation (SNCF) during a cleanliness campaign at Shimla Railway Station.

 

[haman10]

Ya I have been busy
I wish your dad a safe and happy journey

regards

Wish you the best as well

stay safe bro

 

[Nilgiri]

Hi guys. I'm sorry im posting here but I'm in a sort of emergency. So the story is that my father is going to India for a week and i had a couple of questions :
1- all he has is 100 dollar notes. Should he change them to smaller notes?

2 considering the fact that he wants to buy souvenirs for all the family (Iranian tradition), how much money do you think is enough? 1k? 2k or even more... Just a hunch is enough for me.

@Nilgiri @Hindustani78 @Roybot

What roybot said

100 dollar notes (I'm assuming you mean USD) should be no problem at all at money exchanger at the airport or any other money changer in the city.

That is quite a hefty amount if its just to cover souvenirs....should be more than enough.

 

[Śakra]

Oh thanks. He'll be visiting new delhi, agra, jaipur, aligarh

Skip Jaipur for Udhaipur it's a better city

 

[anant_s]

New Electric locomotives to be manufactured by CLW, DLW and Dankuni

Mission Raftaar

Electrification Target

& new HHP Locomotives

 

[Hindustani78]

http://www.hindustantimes.com/india...-in-chennai/story-NQMdQKG9yxe4W6qA9Ck5nM.html

Updated: Feb 26, 2017 14:37 IST
PTI, New Delhi

Indian railways workers use a cart to transport goods through a train station in Chennai on Febuary 1.(AFP Photo)

The railways has decided to go ahead with manufacturing on its own trainsets that can run at a maximum speed of 160 kmph, after its global bid in this regard failed to elicit positive response.

Aptly named ‘Train-2018’, the first trainset -- a rake without a separate locomotive -- is expected to be ready by March next year and likely to be pressed into service in Delhi-Lucknow or Delhi-Chandigarh sector.

A trainset, much like a Delhi Metro rake, comprises many coaches that are individually powered by a propulsion system, eliminating the need for locomotive.

“Our aim is to reduce travel time between cities and to achieve that, we have launched Train-2018 project to manufacture two trainsets at the Integral Coach Factory (ICF) near Chennai on a pilot basis,” a senior railway ministry official involved with the project said.

As per the Rs 200 crore project, two trainsets will be manufactured, in collaboration with foreign players on transfer of technology basis, for which the ICF has floated a fresh global tender.

Aiming to offer both comfort and pace to passengers, the project will roll out semi-high speed, 16-coach trainsets with quicker acceleration and world-class passenger amenities.

For a first in Indian Railways, these trainsets will have automatic plug type doors that will open and close at stations, wide windows for panoramic view, and ergonomically designed seating.

The railways had floated a global tender for procurement- cum-maintenance and manufacture of 15 trainsets with 315 coaches in June, 2015. Though five bidders had qualified for the initial round, they did not find the offer viable and asked for raising the tender size to 1,000 coaches.

Now, it has been decided to make it here to reduce the manufacturing and import cost, said the official.

Equipped with bio-toilets, all coaches in the fully AC trainset will be inter-connected so that passengers can move from one coach to other with ease.

To make the travel more a joyful ride, all coaches of a trainset will be provided with onboard Wi-Fi, infotainment and GPS-based passenger information system (PIS) which will keep the passengers informed about the travel status. The train will have plush interiors and diffused LED lighting.

To reduce jerk and vibration, Train-2018 will be equipped with improved mechanical couplers and modern coaches with fully suspended traction motors, pneumatic secondary suspension and anti-roll bar.

 

[Hindustani78]

http://www.hindustantimes.com/india...ravli-kurla/story-PkcVVnXsEabBmSOi0ZLSxK.html

Suburban services between Kurla and CST in the Harbour corridor were stopped after three wagons of a goods train derailed on Monday, inconveniencing daily office commuters in the morning rush hours, Central Railway officials said.

Harbour line services were affected due to goods train derailment between Wadala and GTB Nagar stations at 4:15 AM, said Central Railway PRO A K Singh.

A Mandoli-bound goods train had crossed Wadala station when three rear wagons of the trains derailed, said Singh adding the efforts of re-railing were on at war-footing.

The remaining 37 wagons of the derailed train have been dispatched to the destination, he said.

Our team of engineers along with the senior officers are at the spot and doing every bit to restore the services as soon as possible, Singh said.

Meanwhile, another senior officer said Main line and Trans Harbour trains were running on schedule and Harbour passengers have been permitted to travel on these routes.

Also, trains from Panvel (towards CST) are being terminated at Kurla. CR is running additional local trains between Vashi to Thane for enabling passengers to reach CST via Thane, as Kurla harbour line services have been affected, said the official.

To ease peak hour travel, we have spoken to BEST undertaking too to run additional services between Kurla to CST, he added.

However, office-goers and students faced a harrowing time with huge rush at Kurla station due to delay of local trains.

Trains are running more than half an hour behind schedule, due to bunching en-route to Kurla, a commuter, Shikha Singh claimed.

Another commuter Kripa complained, “I was waiting for a CST-bound train since 6.30 AM at Kharghar but there were none which led to chaos and confusion at the station. I could only see overcrowded trains towards Thane which were difficult to board.”

 

[Hindustani78]

People unload cargo from a goods train that derailed on the harbour line near Guru Tegh Bahudur station in Mumbai.

 

[Hindustani78]

Ministry of Railways
27-February, 2017 18:01 IST
Minister of Railways Flags off Country’s first Antyodaya Express running between Ernakulam - Howrah

Minister of Railways Flags off Sri Ganganagar - Tiruchirappalli Humsafar Express



Minister of Railways Launches New Catering Policy



Minister of Railways Launches New Partnership with India Post for Business Parcel



Minister of Railways Shri Suresh Prabhakar Prabhu flagged off the third Humsafar clan of trains and first Antyodaya clan of trains through video conferencing from Rail Bhawan:

1. Train No 14715/14716 Sri Ganganagar - Tiruchirappalli Humsafar Express (Weekly) (via Krishnarajapuram, Pune, Ahmedabad)

2. Train No 22877/22878 Ernakulam - Howrah Antyodaya Express (Weekly) (via Salem, Katpadi, Visakhapatnam)

He also launched the following policies:

1. New Catering Policy 2017.

2. New partnership in Parcel Business with Department of Post.

Chairman, Railway Board, Shri A. K. Mital, Member Traffic Shri Mohd Jamshed, other Railway Board Members, Secretary Department of Post Shri Boyapati V. Sudhakar and other senior officials were also present on the occasion.

Speaking on the occasion Ministry of Railways, Shri Suresh Prabhakar Prabhu said that “This is the fourth Humsafar Express to be launched and it will cross the entire country from North to South. Humsafar train is a fully Air Conditioned 3 AC service having facilities like GPS based Passenger Information System, Passenger announcement System, fire and smoke detection and suppression system, CCTVs, comfortable seats, mobile and laptop charging points, integrated Braille display, LCD display above compartment doors in the aisle, Fire retardant curtains, etc.”

He also said that “Today we are launching the country’s first Antyodaya Express to be launched. Tejas and UDAY Express will be launched soon. Antyodaya Express is a long-distance, fully unreserved, superfast train service, for the common man to be operated on dense routes. Antyodaya Express will have facilities like Cushioned luggage racks which can serve as seats Additional hand holds in doorway area, J-Hook near longitudinal luggage racks, Multiple Unit cables at both ends of the coach, Vestibuled ends for internal movement of the passengers, Potable Drinking water dispenser, Mobile charging points, Fire Extinguisher with anti-theft lock, FRP (Fibre Reinforced Plastic) Modular Toilets, Pleasing interior colour scheme, Toilet Occupation indication display board, LED Lights, SS Slip-free flooring at Doorway & Gangway, Anti-Graffiti coating for exterior painting, etc.”

Shri Prabhu further said that “In this new Catering Policy food production and food distribution will be delinked. This will be a marriage between the best of both worlds. Food can be cooked anywhere like the state of the art kitchens of IRCTC in a hygienic manner using mechanized system. Food can be distributed using professionals from the hospitality industry. For making of food SHGs especially women SHGs can be used which will benefit them.”

He also said that “Parcel is the fastest moving freight business of Indian Railways. Through this new Business Parcel Policy not only India Post but any private player can also book space in trains for movement of their Business Parcel. Before rolling out this scheme on All India basis test was done on 2 trains viz, Train No. 15959 Howrah-Guwahati-Dibrugarh Kamrup Express between Howrah and Guwahati and Train No. 12721 Hyderabad-Nizamuddin Deccan Express between Hyderabad and Nizamuddin . After the success of the test today this scheme is rolled out at All India level.”


Indian Railways introduced a new Humsafar Express between Sriganganagar and Tiruchchirapalli viz. 14715/14716 Sriganganagar-Tiruchchirapalli Humsafar Express (Weekly). The train service inaugurated on 27.02.2017 by Minister of Railways through video conferencing from Rail Bhawan, New Delhi. As announced in Railway Budget 2016-17, Humsafar Express are fully air-conditioned third AC service with an optional service for meals. Till date, 3 Humsafar Express trains have been introduced on Indian Railways.

The abstract schedule including timings, composition, stoppages etc. of the train service to be introduced is as under:

14715/14716 Sriganganagar-Tiruchchirapalli Humsafar Express (Weekly)

Days of run: Ex-SGNR – Tuesday

Ex-TPJ – Thursday

● One way distance: 3199 Kms.

Route of Train No. 14715/14716 Humsafar Express

● Stoppages: Hanumangarh, Suratgarh, Bikaner, Jodhpur, Marwar Jn., Abu Road, Palanpur, Mahesana, Ahmedabad, Nadiad, Anand, Vadodara, Bharuch, Surat, Vasai Road, Kalyan, Lonavala, Pune, Satara, Sangli, Miraj, Belgaum, Dharwad, Hubballi, Harihar, Davangere, Birur, Arsikere, Tumakuru, Banaswadi, Krishnrajapuram, Bangerpet, Salem, Namakkal, Karur

● Composition of regular service: 3AC-16, Power Car-2, Pantry Car-1= 19 coaches

● Primary Maintenance: Sri Ganganagar (NWR)

● Nature of Service: Humsafar Express


*****

Indian Railways introduced the first Antyodaya Express between Ernakulam and Howrah viz. 22877/22878 Ernakulam-Howrah Antyodaya Express (Weekly). The train service was inaugurated on 27.02.2017 by Minister of Railways through video conferencing from Rail Bhawan, New Delhi. As announced in Railway Budget 2016-17, Antyodaya Express are long-distance, fully unreserved, superfast train service, for the common man to be operated on dense routes.

The abstract schedule including timings, composition, stoppages etc. of the train service to be introduced is as under:

22877/22878 Ernakulam-Howrah Antyodaya Express (Weekly)

 

[Hindustani78]

Ministry of Railways
28-February, 2017 15:06 IST
Minister for Railways holds a video conference with the Director Generals/Commissioners of Police of all States/Union Territories

Railway Minister Emphasises on Sharing of Intelligence and the Need to Have a Forensic Science Lab for Railways

In the light of recent repeated incidents of placing obstruction on railway tracks and attempts of cutting of railway tracks by miscreants, Minister of Railways Shri Suresh Prabhakar Prabhu, held a video conference yesterday i.e. 27.02.2017 with the Director Generals/Commissioners of Police of all States/Union Territories in the Rail Bhawan, New Delhi. During the video conference, Shri Hansraj Gangaram Ahir, Minister of State for Home Affairs was also present. Member Staff Railway Board Shri Pradeep Kumar, Member Traffic Railway Board Shri Mohd. Jamshed, Other Railway Board Members, other senior officials of Railway Board, senior officers from Ministry of Home Affairs, RPF & Police also took part in the meeting.

On the occasion Shri Suresh Prabhu emphasised the need for better cooperation and coordination between agencies involved for passenger safety and security. Rewarding Security personnel for outstanding job done to prevent sabotage in Railways, sharing of intelligence and the need to have a Forensic Science Lab for Railways were the highlights of his address. He thanked the DGPs of States and UTs for their active cooperation.

Minister of State for Home Affairs, Shri Hansraj Gangaram Ahir in his address shared his concern about recent criminal activities on Railways resulting in accidents. He advised State Police to be careful about the designs of criminals and anti national elements and render fullest cooperation to Railways.

Member Staff Railway Board Shri Pradeep Kumar also addressed the genuine concerns of the State Police/GRP pertaining to the Railways.

DG, RPF Shri S.K.Bhagat in his welcome address highlighted major incidents of sabotage that occurred during the year 2015 and 2016 and expressed his concern over the sharp increase in such cases during the year 2017. He also mentioned that three cases have been entrusted to NIA for investigation and one case has been referred to CBI for investigation. All the participants of States and UT shared their expectations from Railways and also gave valuable suggestions to improve safety and security of Railways.

***

 

[boxer_B]

India retains fastest-growing major economy tag despite cash crackdown

NEW DELHI: India's economy defied expectations on Tuesday to retain the title of the world's fastest-growing major economy, despite the disruption caused by Prime Minister Narendra Modi's demonetisation decision+ .

Gross domestic product (GDP) registered 7 per cent growth in October-December quarter, down from 7.4 per cent in the previous quarter.

India's growth was higher than China's 6.8 per cent for the last three months of 2016.

The federal statistics office retained its growth forecast for the fiscal year ending in March 2017 at 7.1 per cent.
The figures surprised economists, who had expected the economy to take a bigger hit from government's decision last November to demonetise old 500 rupee and 1,000 rupee banknotes, taking out 86 per cent of the currency in circulation virtually overnight.

"Perhaps this data is not capturing the impact of demonetization," said Aneesh Srivastava, chief investment officer, IDBI Federal Life Insurance Co.
"I am totally surprised and stunned to see this number ... I believe that, with a lag, we will see an impact on GDP numbers."

The data also backs the central bank's assessment, which all along maintained the economic disruption caused by Modi's shock monetary therapy as a transitory phenomenon.

 

[Nilgiri]

India retains fastest-growing major economy tag despite cash crackdown

NEW DELHI: India's economy defied expectations on Tuesday to retain the title of the world's fastest-growing major economy, despite the disruption caused by Prime Minister Narendra Modi's demonetisation decision+ .

Gross domestic product (GDP) registered 7 per cent growth in October-December quarter, down from 7.4 per cent in the previous quarter.

India's growth was higher than China's 6.8 per cent for the last three months of 2016.

The federal statistics office retained its growth forecast for the fiscal year ending in March 2017 at 7.1 per cent.
The figures surprised economists, who had expected the economy to take a bigger hit from government's decision last November to demonetise old 500 rupee and 1,000 rupee banknotes, taking out 86 per cent of the currency in circulation virtually overnight.

"Perhaps this data is not capturing the impact of demonetization," said Aneesh Srivastava, chief investment officer, IDBI Federal Life Insurance Co.
"I am totally surprised and stunned to see this number ... I believe that, with a lag, we will see an impact on GDP numbers."

The data also backs the central bank's assessment, which all along maintained the economic disruption caused by Modi's shock monetary therapy as a transitory phenomenon.

Lol at all the people saying it would tank to 0% even...and way past a quarter. They have all gone strangely silent now.....well maybe not so strange