Indian Economy-News & Updates

[anant_s]

Can't we make our own locomotives?

We do manufacture locomotives in India, however these are done on basis of Transfer of Technology from EMD, USA at Diesel Locomotive Works at Varanasi.
The Locomotives currently under production are
WDP 4D (4500 HP, 6 Axle Passenger locomotive)

WDG 4D (4500 HP, 6 Axle Freight locomotive)

WDG 5 (5500 HP, 6 Axle Freight locomotive)

A new factory called Diesel Locomotive Factory (DLF) is being setup at Marhaura Bihar by General Electric USA for production of higher axle rating (22.5, 24 and later 25+ ton) low emission locomotives based on evolution series. this factory will produce 600, 4500 HP and 400, 6000 HP 6 axle locomotives over next 10-12 years.

 

[Hindustani78]

Ministry of Railways
19-June, 2017 18:49 IST
Shri Suresh Prabhakar Prabhu, Minister of Railways, inaugurates various Railway related services in Odisha and Assam

Minister of Railways Shri Suresh Prabhakar Prabhu inaugurated following services in Odisha and Assam through video conferencing from Rail Bhawan today i.e 19-06-2017. Minister of State for Petroleum and Natural Gas (Independent Charge), Shri Dharmendra Pradhan and Member of Parliament(Lok Sabha) Shri Dr. (Prof.) Prasanna Kumar Patasani, were specially present to grace the occasion. Chairman, Railway Board, Shri A. K. Mital, Member Traffic Railway Board, Shri Mohd Jamshed, other Railway Board Members and Senior Officials were also present on the occasion.


1.New railway line between Bolagarh Road and Nayagarh Town

Ø The work for provision of new line between Khurda Road and Bolangir for a total length of 289 km was sanctioned in the year of 1994-95 at a total cost of Rs 801.78 crores.

Ø The work for commissioning of new line between Bolagarh Road and Nayagarh town (12 km) has been completed. The total length of rail line completed is about 65 Kms.

Ø Train No. 58429/58430/58431/58432 (Khurda Road- Bolagarh) passenger trains are being extended upto Nayagarh Town.

Ø A large number of pilgrims visit Puri during the Rath Yatra festival and this train will facilitate the movement of pilgrims between Nayagarh Town and Puri. This will be daily service with a composition of 12 coaches.

Ø This will fulfill the long pending demand of the local people for rail connectivity.

2. Nayagarh Town Railway Station Building

Ø It is a ‘E’ category station on Khurda Road-Bolangir section, built at a cost of Rs 2.5 crore.

Ø Passenger amenities like booking windows, public address system, waiting hall, platform, toilets, drinking water have been provided at the station.

Ø To facilitate physically handicapped passengers wheel chairs have been provided. Stretchers have also been provided for medical needs of the passengers.

3. Passenger halt at Bolagarh Town

Ø Passenger halt at Bolagarh Town was sanctioned on 13.10.2016. on passenger amenity grounds. Location of the halt is between Rajsunakhala and Bolagarh Road stations on Khurda Road-Bolangir new line in Khurda Division of East Coast Railway. It has been built at a cost of Rs. 98 lakhs.

Ø Amenities provided are (i) High level platform (360 metres), (ii) Booking counter cum waiting room (25 sqm), (iii) Approach road (900 sqm) and (iv) one hand tubewell.

4. PRS at Kamakhya Temple

Ø Hon’ble MR announced for opening of PRS counter at Kamakhya temple premises on 7.5.2017.This is non-rail head PRS with the assistance of Kamakhya Devottar Board cater to approximately catchment area of 5000 passengers.

Ø This is a location of tourist importance, lakh of devotees visit the shrine especially during Ambubushi Mela.

Ø At present, on Northeast Frontier Railway there are 249 locations where computerized reservation facility is available. After this, the figure will be 250 (including 115 locations in the State of Assam).


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[ashok321]

 

[Han Patriot]

http://www.livemint.com/Opinion/THh...t-RBI-can-learn-from-Chinas-strategy-aga.html
NPA resolution: What RBI can learn from China’s strategy against bad loans

 

[EndangeredSpecies]

• GST exemption likely for around 100 items

prasad sold at temples could figure on the exemption list.

21 (Miscellaneous edible preparations)

• Prasadam [2106] supplied by religious places like temples, mosques, churches, gurudwaras, dargahs, etc

It covers the 'Revadi from Dargah as well but morons like @ashok321 will never say that. Will they?

 

[ashok321]

21 (Miscellaneous edible preparations)

• Prasadam [2106] supplied by religious places like temples, mosques, churches, gurudwaras, dargahs, etc

It covers the 'Revadi from Dargah as well but morons like @ashok321 will never say that. Will they?

Is Prasad sold at temples?

 

[EndangeredSpecies]

Is Prasad sold at temples?

Prasad is sold NOT ONLY in temples. In Gurudwaras also prasad is sold.

 

[ashok321]

Prasad is sold NOT ONLY in temples. In Gurudwaras also prasad is sold.

Its a religious offering.
Prasad sold?

 

[EndangeredSpecies]

Its a religious offering.
Prasad sold?

You buy it before you offer it, right?

 

[ashok321]

You buy it before you offer it, right?

Look what the article said:

prasad sold at temples could figure on the exemption list.

How is prasad sold at temples?

Prasad is never sold at temples.

 

[EndangeredSpecies]

Look what the article said:

prasad sold at temples could figure on the exemption list.

How is prasad sold at temples?

Prasad is never sold at temples.

Actually it is, people who visit temples buy it from there and offer it to the temple.

BTW, in legislation I guess the terminology used is 'supplied'.

 

[ashok321]

Actually it is, people who visit temples buy it from there and offer it to the temple.

BTW, in legislation I guess the terminology used is 'supplied'.

I have had enough of you.

Now its time to Ignore you.
You are not up to the mark and trying to be a snoutband on the top.

 

[EndangeredSpecies]

I have had enough of you.

Now its time to Ignore you.
You are not up to the mark and trying to be a snoutband on the top.


View attachment 406189

He ran out of words and ran away typical loser!

 

[lemurian]

Interesting Stats. India is doing well, although obviously not as well as China.

https://www.bloomberg.com/news/arti...in-sight-for-china-s-rise-up-the-gdp-rankings

 

[Hindustani78]

Ministry of Finance
30-June, 2017 18:50 IST
Rashtriya Chemicals & Fertilizers Ltd (RCFL) OFS oversubscribed 2.82 times; Retail portion oversubscribed by 5.62 times while Non Retail portion by 2.14 times.

The retail portion of Rashtriya Chemicals & Fertilizers Ltd (RCFL) OFS got thumbs-up from retail investors. Against the 20% portion amounting to Rs 40.96 cr reserved for retail investors, the total bids of Rs 237.28 crore has been received, thus the retail portion got oversubscribed approximately by 5.62 times.

The Non Retail portion of the OFS opened on 29th June, 2017. Total subscription of Rs 350.62 crore has been received against shares for value of Rs 163.85 crore at floor price and oversubscribed by 2.14 times.

Overall, RCFL OFS for 5% divestment for equity shares of 27,584,405 amounting to Rs 204.81 crore at the floor price of Rs.74.25 per share, received a total demand for 7,82,00,420 equity shares amounting to Rs 587.9 crore. Therefore, the OFS of RCFL over-subscribed by 2.83 times.

This is the 2nd CPSE OFS in the current financial year, and Government is likely to get Rs 203 crore approximately. The Government shareholding in RCFL after this OFS will come down to 75%.

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