Indian Economy-News & Updates

[kaykay]

KPMG, one of the world’s top advisory firm has included Ahmedabad’s Sabarmati Riverfront Development Project in the list of ‘100 Most Innovative Projects’ towards urban regeneration that make cities livable as well as sustainable.

A release by the KPMG about the Sabarmati Riverfront states, “The Sabarmati Riverfront Development Project is an urban regeneration and environmental improvement initiative currently under way in Ahmedabad, Gujarat. It involves the reclamation of a 10.5 kilometer stretch of the banks of the Sabarmati River, creating a new public space for cultural and civic institutions. Along the river, space will be made for recreation use and markets. The aim is to transform the stretch of river from a geographical divider in the middle of the city to a focal point for leisure and recreation.”

Recently, in April this year the Ahmedabad Municipal Corporation (AMC) received HUDCO National Award 2012 for innovative infrastructure development for the Riverfront Project. On an earlier occasion, the Sabarmati Riverfront project also bagged the Prime Minister award for the best concept and design of a public project. In 2006, the Sabarmati Riverfront Project was the recipient of the National Safety Council of India, Safety Award (Prashansa Patra).

Since eternity, rivers have been the cradles of civilization even giving a unique identity to urban space. Ahmedabad has been blessed with the Sabarmati River, which has served as a lifeline for Gujarat and its people. However till the last decade the Sabarmati had come under increased strain. It began to be known as a ‘ground’ for cricket matches and circuses rather than a river.

Since Shri Modi took over as Chief Minister in 2001, he decided to give immense importance to the re-development of the Sabarmati River front. Apart from serving as an icon for the city of Ahmedabad, the project will bring a marked environmental improvement in the city by allowing retaining of ground water and providing cleaner water to the city. It also provides a green coverage in the heart of Ahmedabad.

For the city, the SRFD Project implies more recreational spaces as well. This includes parks and gardens and even spaces for cultural facilities. The Riverfront will also be home to adventure activities that would be enjoyed by people from Ahmedabad and nearby areas. Just recently, the AMC announced that it is considering floating busses on the Sabarmati. The Riverfront was put on the tourist map when it hosted the annual International Kite Festival this year, which draws participants from all across the world.

Not only this, the SRFD will strengthen and upgrade informal markets, which will be of immense economic importance to the poor.

All in all, the Sabarmati Riverfront marks a wonderful blend of innovation and pro-people governance that will write a fresh chapter in the history of urban development in India.

http://www.narendramodi.in/sabarmati-riverfront-project-among-the-most-innovative-in-the-world-kpmg/

 

[kaykay]

KPMG, one of the world’s top advisory firm has included Ahmedabad’s Sabarmati Riverfront Development Project in the list of ‘100 Most Innovative Projects’ towards urban regeneration that make cities livable as well as sustainable.

A release by the KPMG about the Sabarmati Riverfront states, “The Sabarmati Riverfront Development Project is an urban regeneration and environmental improvement initiative currently under way in Ahmedabad, Gujarat. It involves the reclamation of a 10.5 kilometer stretch of the banks of the Sabarmati River, creating a new public space for cultural and civic institutions. Along the river, space will be made for recreation use and markets. The aim is to transform the stretch of river from a geographical divider in the middle of the city to a focal point for leisure and recreation.”

Recently, in April this year the Ahmedabad Municipal Corporation (AMC) received HUDCO National Award 2012 for innovative infrastructure development for the Riverfront Project. On an earlier occasion, the Sabarmati Riverfront project also bagged the Prime Minister award for the best concept and design of a public project. In 2006, the Sabarmati Riverfront Project was the recipient of the National Safety Council of India, Safety Award (Prashansa Patra).

Since eternity, rivers have been the cradles of civilization even giving a unique identity to urban space. Ahmedabad has been blessed with the Sabarmati River, which has served as a lifeline for Gujarat and its people. However till the last decade the Sabarmati had come under increased strain. It began to be known as a ‘ground’ for cricket matches and circuses rather than a river.

Since Shri Modi took over as Chief Minister in 2001, he decided to give immense importance to the re-development of the Sabarmati River front. Apart from serving as an icon for the city of Ahmedabad, the project will bring a marked environmental improvement in the city by allowing retaining of ground water and providing cleaner water to the city. It also provides a green coverage in the heart of Ahmedabad.

For the city, the SRFD Project implies more recreational spaces as well. This includes parks and gardens and even spaces for cultural facilities. The Riverfront will also be home to adventure activities that would be enjoyed by people from Ahmedabad and nearby areas. Just recently, the AMC announced that it is considering floating busses on the Sabarmati. The Riverfront was put on the tourist map when it hosted the annual International Kite Festival this year, which draws participants from all across the world.

Not only this, the SRFD will strengthen and upgrade informal markets, which will be of immense economic importance to the poor.

All in all, the Sabarmati Riverfront marks a wonderful blend of innovation and pro-people governance that will write a fresh chapter in the history of urban development in India.

Sabarmati Riverfront Project among the most innovative in the world: KPMG « Home | www.narendramodi.in

 

[angeldemon_007]

I think Modi ji should covert this river front more green. There's enough to set up a wind turbine chain and solar panels nowadays are set up wherever it is possible.

 

[eachus]

Why do Chinese posters keep posting the same thing again and again.Everyone read those graphs when you posted it in you r post no 3254.Posting the same stuff again and again makes people suspect that your are patong!!!!!!

Nice graphs by the way... Brazilian Real depreciated and GDP growth wasn't that impressive and nor isthe outlook for 2012 but still the economy grew from $2.1 to $2.4 along with Russian economy

If I eat curry chicken everyday, I dont mind to try some pizza. source and information from one direction may not show a whole picture. members from other countries can help you understand more. personally I refuse artificial numbers, if good number display in different style, I love it, love numbering games.

 

[Bobby]

Why do Chinese posters keep posting the same thing again and again.Everyone read those graphs when you posted it in you r post no 3254.Posting the same stuff again and again makes people suspect that your are patong!!!!!!

Nice graphs by the way... Brazilian Real depreciated and GDP growth wasn't that impressive and nor isthe outlook for 2012 but still the economy grew from $2.1 to $2.4 along with Russian economy

Chinese love copy paste

 

[cloud_9]

If I eat curry chicken everyday, I dont mind to try some pizza. source and information from one direction may not show a whole picture. members from other countries can help you understand more. personally I refuse artificial numbers, if good number display in different style, I love it, love numbering games.

For starters I don't eat curry chicken everyday .....I can't eat spicy food (that is,if you were trying to impersonate myself)

So follow what you preach!

members from other countries can help you understand more

As for the as the numbers goes,whichever way you try to present it........ BS simply remains BS :X

zoi gin/zai jian

 

[eachus]

Anyone can post informative message is not BS. otherwise is.

« Home | www.narendramodi.in[/url]

nice view, looks like painting?

 

[laman12345]

Monsoon rains 49 percent below average in past week

6-7-2012

A shortfall in monsoon rains has widened to nearly 50 percent of average in the past week, making a revival next week crucial for farmers to sow summer-planted crops such as rice, corn, cane, cotton and soybean.

The annual rains are crucial for farm output and economic growth as about 55 percent of the South Asian nation's arable land is rain-fed.

Shortfall in monsoon rains widens | Reuters

 

[arp2041]

'India 3rd-most preferred FDI destination'

The United Nations Conference on Trade and Development (UNCTAD) World Investment Report for 2012 has named India as the third most desirable destination for Foreign Direct Investment (FDI) by global industrial giants.
Addressing mediapersons after unveiling the report here on Thursday, United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) chief economist Nagesh Kumar said that the survey conducted in 179 companies ranked India behind China and the United States.

“They did a survey of 179 top global firms around the world and they asked their top destinations where they planned to invest between 2012 to 2014, and India ranked third in that survey. So after China and United States, India is the third most attractive destination as perceived by the global companies,” Kumar announced.

The report noted that FDI inflows rose by 33 percent in 2011 from 2010.

“In 2011, the FDI inflows to India went up to 32 billion dollar, which is 33 percent more than the FDI inflows coming to India in 2010. So this is a good news certainly, which shows the potential of the country,” Kumar added.

Overseas investment in the country rose for the first time in three years in 2011, as global investors put their faith in rising salaries, an expanding middle-class and a large and cheap labour force.

'India 3rd-most preferred FDI destination'

 

[laman12345]

41% drop in India’s FDI inflows

19 June 2012

New Delhi – Foreign direct investment (FDI) has slumped by 41 per cent to $1.85 billion in April this year as compared to $3.12 billion in April, 2011.

According to India’s English Language Daily, The Hindu, officials in the Commerce and Industry Ministry attributed the decline in FDI inflows to the overall poor global economic scenario but said there was a crying need to initiate big-ticket reforms in various sectors to send across a positive signal to investors that Indian economy was a safe and attractive destination for investments. Reforms such as allowing 51 per cent FDI in multi-brand retail and 49 per cent in domestic air carriers; and opening up pension and insurance sectors have been hanging fire for long.

 

[IndoCarib]

India tops MSCI indices in 2012

According to a report by Espirito Santo Investment, Indian indices were the best performing among the MSCI Indices in 2012 so far. Indian equities have risen 13.1 percent followed by the US (8.3 percent) and Poland (6 percent). Brazil, with a fall of 9.5 percent, was the worst performer.

http://www.firstpost.com/investing/...dices-in-2012-will-the-party-last-369812.html

------------------------------------------------------------------------------------------

India's downgrade to 'junk' status unlikely: Standard Chartered - The Economic Times

MUMBAI: Global banking major Standard Chartered on Friday said the possibility of a sovereign rating downgrade to the junk status is unlikely given the recent revival in sentiment.

"We do not see a high probability of an immediate downgrade but rating agencies will closely monitor the appetite for corrective action," a report by the bank's economists said.

 

[Zeeshan360]

Guys ..
What is the current status of Delhi Mumbai corridor ??

 

[black_jack]

Economy to grow at 8%, poverty to fall by 10%: Montek

Plan panel deputy chairperson Montek Singh Ahluwalia on Friday ruled out achieving average 9% target and said even 8% growth will require a "major effort".

"It is not possible to think of an average of 9%. I think somewhere between 8 and 8.5% is feasible... When I say feasible
that will require major effort. If you don't do that there is not God given right to grow at 8%," he said on the sidelines of a conference of state planning boards and departments in New Delhi.

He, however, ruled out achieving average 9% target during the plan period as estimated earlier.

The Planning Commission projected poverty reduction by 10% at the end of 12th plan (2017).

The new economic growth target would be discussed at the National Development Council meeting slated for September and Ahluwalia said the panel was on track to meet the deadline.

Another important component of the 12th plan document would be target for poverty reduction. The commission claimed they have been able to achieve the target of 10% reduction in the 11th plan, which ended in March 2012.

The Planning Commission is proposing a target of reducing poverty by 10% to less than 20% of the population by 2017 -- the terminal year of the 12th Five-Year Plan.

"I think 10% is a pretty good target which would mean 2% decline every year during the 12th Plan period," Ahluwalia said.

This comes after the panel drew plak for pegging poverty line at Rs. 28.65 per capita daily consumption in cities. It was Rs. 22.42 in rural areas.

It had pegged the poverty ratio at 29.8% in 2009-10, down from 37.2% in 2004-05, based on the Tendulkar Committee methodology.

Economy to grow at 8%, poverty to fall by 10%: Montek - Hindustan Times

StanChart upgrades short-term rating for rupee

Mumbai, Jul 6:

Standard Chartered Bank on Friday upgraded the rupee’s short-term rating to ‘neutral’ from ’underweight’, citing the government’s capital flow enhancing steps announced recently and an improved global economic environment.

The foreign bank also raised its September-end target for the Indian unit, which has lost nearly 25 per cent over the past year to earn the distinction of being one of the worst performing currencies in Asia, to Rs 56 to a dollar from the earlier Rs 57.50.

“It is likely that we have seen the highs of the year for USD-INR and we lift our short-term rating for the Indian rupee (INR) to Neutral from Underweight,” a report by the bank’s economists said.

Steps taken by the authorities to boost capital flows and reduction in risks emanating from Europe will help rupee, it noted.

StanChart, however, maintained that it is too early to being “overweight” on the rupee and added that there will be no substantive recovery from the lows.

The domestic currency breached many psychological levels and touched an all-time closing low of Rs 57.15 to the greenback in a depreciation which started last August.

The slide in the currency is being attributed to a host of factors, the most prominent of it being the country’s inability to attract capital flows due to factors like worsening current account situation, policy paralysis and slowdown in growth.

Keywords: StanChart, upgrades short-term rating for rupee, capital flow enhancing steps, forex, outlook for rupee

Business Line : Industry & Economy / Banking : StanChart upgrades short-term rating for rupee

 

[Abingdonboy]

Big infrastructure push coming; diesel hike unpleasant but necessary: C Rangarajan | NDTV.com


FDI in retail a boost for manufacturing too; consensus being built: Shopper?s Stop | NDTV.com

 

[Koovie]

Pranab gone and MMS in office and we already have some good news But unfortunately we cant see the true power of Manmohan Singham due to congress hirarchy.