News on Indian Economy
The war on inflation has been won decisively by the Narendra Modi led government, thanks to proactive management of the current account balance. The current account deficit (CAD) for 2018-19 stood at 2.1 per cent of GDP, just a tad higher than the 1.8 per cent for 2017-18.
A contract of 300 electric buses has just been handed to Tata Motors by Ahmedabad Janmarg Limited (AJL) on an operation expenditure (OPEX) model, i.e. pay-per-km basis. The contract records the biggest ever order of electric buses in India.
The proposed project to be developed by Mundra International Airport Pvt Ltd was recently approved by the Union Environment Ministry after taking into consideration the views of an expert panel.
There are a handful of countries such as the US, Switzerland and Germany and some airports in Australia, that follow a night curfew — these airports are shut down for commercial operations between 11 pm and 5 am. These countries have been following night curfews since the 1960s, when aircraft engines were very noisy, and, according to the International Civil Aviation Organization (ICAO), the curfew was primarily a result of local protests about noise pollution at night.
Since 2018 Bombardier’s proven CITYFLO 650 CBTC solution has been operating on Delhi’s 58.5-km Line 7, or Pink Line, which now handles an average daily ridership of over 200,000 passengers. Line 9’s opening brings the total of CITYFLO 650-equipped track in India to more than 60 km with a further 1.2 km stretch planned to open in 2020, also to be equipped with the technology.
The poll that covered more than 10,000 respondents from 29 countries noted that Indians are some of the least sceptical in the world about the motives of technology companies: more than two-thirds reject the idea that technology companies “only want to make money”.
Brende, also a member of the forum’s Managing Board, said that India now has a significantly enlarged global profile, courtesy a decisive leadership.
Indian startups have come into their own in the last four to five years, said Shailendra Singh, Managing Director, Sequoia Capital India, Singapore
Notably, a model of this plant had been placed for a demonstration before PM Modi when he had arrived in Mathura some time back as a part of Swachh Bharat Abhiyan. This model is now working on a full scale at the Mathura Municipal Corporation’s (MMC) trenching grounds.
Goyal, who is also the trade and commerce minister, said the national transporter is installing CCTV cameras at railway stations to create a safe environment for passengers. “More than 5,000 stations have Wi-Fi facility. In the next two to three months, 6,500 stations will have Wi-Fi connectivity and with that the economically weak, children and women will be connected with the rest of the world,” Goyal said.
