हरिद्वार की भी कई ट्रेनों को ऋषिकेश तक किया जाएगा संचालित दून तक जाती हैं 18 बोगी की ट्रेनें, ऋषिकेश से चलेंगी 24 बोगी की ट्रेनें विस्तार ऋषिकेश रेलवे स्टेशन से 10 ट्रेनों का संचालन करने के लिए रेलवे विभाग की ओर से शेड्यूल तैयार किया जा रहा है। देहरादून से चलने वाली कई ट्रेनों को ऋषिकेश से चलाने की योजना... more...
है। योगनगरी रेलवे स्टेशन का लोकार्पण होने के बाद इन ट्रेनों को हरी झंडी मिल सकती है। विज्ञापन 25 अगस्त को योगनगरी रेलवे स्टेशन के निरीक्षण करने आए मंडल परिचालन प्रबंधक अर्चित सिंघल ने बताया था कि योगनगरी रेलवे स्टेशन से पांच नई रेलगाड़ियों का संचालन किया जाएगा। इन पांच ट्रेनों में हेमकुंड एक्सप्रेस, बाड़मेर एक्सप्रेस, लोकमान्य तिलक एक्सप्रेस, अहमदाबाद मेल और उदयपुर सिटी एक्सप्रेस थी। अब इन्हें बढ़ाकर 10 करने की तैयारी की जा रही है। योगनगरी रेलवे स्टेशन मैनेजर जीएस परिहार ने बताया कि अब रेलवे की ओर से देहरादून से चलने वाली बांद्रा एक्सप्रेस, हावड़ा एक्सप्रेस, देहरादून कोच्चीवली, देहरादून-ओखा, हरिद्वार-पुरी को योगनगरी रेलवे स्टेशन ऋषिकेश से चलाने की योजना है। उन्होंने बताया कि देहरादून रेलवे स्टेशन पर 18 कोच की ट्रेन आ सकती है। देहरादून बांद्रा एक्सप्रेस के छह डिब्बे हरिद्वार रेलवे स्टेशन पर काटने पड़ते हैं, इसलिए पूरी 24 बोगी ट्रेन को ऋषिकेश से चलाने की योजना है। दिवाली पर हो सकता है योगनगरी रेलवे स्टेशन का लोकार्पण योगनगरी रेलवे स्टेशन का लोकार्पण प्रधानमंत्री नरेंद्र मोदी दिवाली से पहले या फिर दिवाली के दिन कर सकते हैं। सूत्रों का कहना है कि पीएम टिहरी जिले में डोबरा चांठी मोटरपुल और ऋषिकेश में योगनगरी रेलवे स्टेशन का लोकार्पण कर सकते हैं।बताया जा रहा है कि रेलवे की ओर से भी स्टेशन पर ट्रेनों के संचालन को लेकर फाइनल टच दिया जा रहा है। सोमवार को रेलवे स्टेशन के सेफ्टी ऑडिट को लेकर रेलवे के अधिकारियों, स्थानीय पुलिस, प्रशासन और खुफिया विभाग ने रेलवे स्टेशन पर सुरक्षा व्यवस्थाओं का जायजा भी लिया था।बताया कि पीएम दोनों जगहों का एक साथ लोकार्पण कर सकते हैं। वहीं रेलवे विकास के अधिकारियों और रेलवे के अधिकारियों का कहना है कि पीएम के कार्यक्रम को लेकर उनके पास कोई अधिकारिक सूचना नहीं है। दिवाली पर हो सकता है योगनगरी रेलवे स्टेशन का लोकार्पण
The combine has polled a majority of the votes from lenders The Kalrock Capital-Murari Lal Jalan consortium has won the bid for Jet Airways, giving the airline a second lease of life that often looked unlikely since it was grounded since April 2019. The consortium has got the majority of the votes polled by lenders. Confirming the development, Manoj Madnani, Board Member of Kalrock Capital, told Moneycontrol: "I... more...
want to thank the CoC and the RP for managing the insolvency process. We look forward to engaging with the Jet Airways stakeholders, and bringing back the glory and legacy of the airline." While it's not clear yet how many votes the combine got from lenders, it needed at least 66 percent to go past the finish line. "The e-voting concluded today, ie. October 17, and the resolution plan submitted by Murari Jalan and Florian Fritsch has been duly approved by the CoC," resolution professional Ashish Chhawchharia told the exchanges in an announcement later on Saturday. Fritsch is the founder of Kalrock Capital. "The resolution professional is in the process of filing an application in accordance with section 30 (6) of the code for approval of the said resolution plan by the Hon'ble NCLT and intimation of the same shall be given to the members as required," he added. The resolution professional will submit the winning plan to the National Company Law Tribunal, which will have to then give the approval for the new owners to take over at the airline. The insolvency process had to get over by October 21, the deadline. The Kalrock-Murari combine had faced off with the consortium of FSTC, Big Charter and Imperial Capital. "I welcome the decision taken by the lenders, and congratulate the Kalrock-Jalan combine," Sanjay Mandavia, Founder of FSTC and Big Charter, told Moneycontrol. "I would also like to thank the RP for handling the insolvency process, and my advisors Deloitte and Luthra & Luthra," said Mandavia, and added, "I would especially like to thank Mr Braja Jena, Chairman and MD of Imperial Capital, for standing by me throughout the process." Mandavia, a former pilot who had earlier flown for Jet Airways, said he will now focus on launching FlyBig, a regional airline that is expected to take off later this year. A revival during COVID-19 times The revival of Jet Airways happens at a time when airlines across the aviation sector are struggling to keep flying. Since the COVID-19 pandemic broke out, several airlines filed for bankruptcy and the biggest of the carriers were forced to ground their fleet, and fire employees. Of late, the sector is beginning to recover some of the lost ground. In India, traffic is still nowhere close to the 2019-levels, but it has picked up month-on-month. In many ways, the circumstances could turn out to be a blessing in disguise for the new owners. While aircraft leasing rates have come down and fuel is cheaper, getting key manpower like pilots and engineers will be easier, that too at lower costs. The Kalrock-Jalan bid is said to have offered a payout of Rs 850 crore to the lenders, led by State Bank of India, and also includes equity in the airline to the banks. On the other hand, the FSTC-Imperial consortium offer was a little less than Rs 800 crore. Jet Airways had piled up debts of about Rs 8,000 crore, and faces claims of nearly Rs 40,000 crore, including salary arrears of employees. As Moneycontrol had previously reported, the winning consortium had roped in two executives who were part of the senior management at Jet Airways. This includes Nikos Kardassis, the former CEO of the airline, and considered close to founder Naresh Goyal. While it's expected to reveal more on its resolution plan in the coming weeks, the Kalrock-Jalan combine had tweaked its original proposal, which had focused on reviving the airline on international routes. But later, the combine is said to have told lenders that it will start off with services in the domestic routes, before going international. This was similar to the proposal submitted by its competitor, the FSTC-Imperial consortium, which had suggested restarting operations by flying between metros. "I continue to believe that our offer was superior looking at the present circumstances in the aviation industry. We also had made provisions for the welfare of Jet Airways employees," Mandavia said. All eyes are now on the Kalrock-Jalan combine, as reviving Jet Airways may turn out to be as challenging as it was winning it. #Jet Airways
India GDP LIVE | Suvodeep Rakshit, Vice President & Senior Economist at Kotak Institutional Equities on NOS data “Real GDP growth at (-)23.9% in 1QFY21 was much lower than what markets were expecting. The print indicates that the trough in the economy was much lower than expected and the pickup will likely be more elongated. Production side was pulled down by deep contraction in manufacturing, construction, and trade, hotel, transport sectors while the expenditure side was clearly pushed lower by heavy contraction both in consumption and investment. Going forward, given the gradual improvement in activity indicators (remaining well below pre-Covid levels) the growth recovery will be gradual and contracting for all quarters in FY2021. Further, growth recovery will also be hinged to the curb of the Covid spread and removal of even localized lockdowns. The choice for the government will be on whether the consumption or the investment side needs to be pushed. Given the limited fiscal space and the need to stimulate a more durable growth, the growth recovery will be gradual and is likely to continue into 1HFY22.”
India GDP LIVE | Nish Bhatt, Founder and CEO of Millwood Kane International “The growth rate for April to June quarter was expected to be bad but it turned out worse, a degrowth by 23.9% is worse than the most bearish estimate. Positive agricultural output is the only positive element in the GDP print. As the April-June quarter saw the maximum period of the national lockdown the degrowth was severe, going forward as the government re-opens the economy in phases, government spending, and festive season spending is expected to help the growth rate to be in the positive territory going forward. While the RBI has done its part to help boost consumption and economy, a further rate cut may help boost credit offtake. The government may still have some more fire-power with further stimulus measures for specific sectors. Good monsoon, high agri output will help with a pickup in rural consumption. Government spending, reforms, and more measures to boost consumption is required to bring back growth on track..
India GDP LIVE | Government says contraction along expected linesGovernment source told Moneycontrol that it is important to keep in mind that the contraction was expected, given that it took place during a quarter when the country was in complete lockdown due to COVID-19. More importantly, they said, India is expected to bounce back.
Former Finance Secretary of India SC Garg took to Twitter to share his views on the data released by NSO.
"GDP contraction at 24% in quarter I 2020-21 confirms my assessment of it contracting by 25%. We are not out of woods still. Indicators of economic performance of July and August 2020 suggest we might have contraction of about 12-15% in Q2," he said.
India GDP LIVE | Contraction in GDP calls for rethinking budget estimates and projections India will be officially in recession if GDP contracts in the current quarter —July-September — too, which most experts reckon would take place. The contraction in GDP would now call for major revisions in budget estimates.
India GDP LIVE | Real Estate experts say contraction is deep, worse was expected The real estate sector has been also felt the heat with numbers falling by 5.3 percent in Q1 FY21 from 6 percent growth in the same period last fiscal, the Central Statistics Office data showed. The government had imposed a nationwide lockdown from March 25 to curb the spread of COVID-19 infections, which adversely affected all sectors of the economy, while the contraction was deep, worse was expected real estate experts say.
India GDP LIVE | Sonal Varma weighs in on data, says we fiscal side support extremely necessary right nowThe lockdown in India has been the most stringent. Priority must be to support industries struggling to recover. The government could look to share some wage cost of these companies, more time-bound consumption vouchers would help. Urban employment guarantee scheme can be looked at, fiscal side support extremely necessary right now and the priority has to be towards more fiscal support. RBIs key role is to keep long term interest rates under check. We are looking at a significant decline in GDP numbers this year.
India GDP Live | Sudipto Mundle weighs in on GDP data, says entire massive shortfall in revenue has been offsetThere has been no deviation from budgeted expenses. The Entire massive shortfall in revenue has been offset. Doing too much liquidity infusion may lead to higher inflation. There is a need to put more money to boost private expenditure. The government is not prepared to think about basic income support. Rural roads projects will out money into hands of the people. Frontline action on pandemic must be taken by the states, cannot centralize decision making in responding to the pandemic.
India GDP LIVE | Pronob Sen weighs in on data, says public investment must go up to 2019 levelsCertainly seeing a recovery, but in Q1 the country has lost 13 lakh crores in income. Expect a positive footprint in Q4 but that will be due to base effect. You will see an increase in consumption in the festive season but a larger decline compared to last year. Public investment must go up to at least last year's levels. The government's ability to step up consumption is limited, it can actually increase the cash payable into Jan Dhan accounts substantially. If the money comes just before festive season it would be spent immediately.
India GDP LIVE | Real GDP shrinks The real GDP shrank 22.6 percent in the said quarter, marking the sharpest drop in the country's growth numbers in more than 40 years.
The Indian Railways is hopeful it will complete the Udhampur-Srinagar-Baramulla rail link by December 2022 and the central government is closely monitoring its progress, Railway Board Chairman V.K. Yadav said on Friday. Addressing a virtual press conference, Yadav said, “Execution of the last stretch of 111 kms from Katra to Banihal is in progress and the project is targeted to be completed by December 2022.” The Chairman stressed that the balance section of the project is one of the most challenging tasks as it entails large scale tunneling and bridge works. Yadav said... more...
that out of the 163 kms of tunnels in the project the national transporter has completed tunneling work of over 126 kms. Similarly, he said, the railways has completed the construction of over 20 out of 37 bridges. It has taken up the task to build one of the highest bridges on river Chenab on this route with a height of over 359 meters and 1.3 km long. The bridge is an engineering marvel and it will soon connect most remote parts of the country in Jammu & Kashmir with mainland India. The bridge is being built on the Katra-Banihal railway line at village Kauri in the Reasi district. According to officials the bridge will be 359 meters above the Chenab river bed and will also be 30 meters higher than the iconic Eiffel Tower in Paris, France. The bridge has been designed to withstand wind speeds of up to 260 kmph and its lifespan will be 120 years. According to the railway ministry officials, it is the seventh-largest arch-shaped bridge in the world as there is no support except on both sides of the river banks, one of the supporting RCC and steel pillar is 133 meters high. The arch is being supported by piers and trusses. The officials said that the Chenab bridge has been designed by consultants from Finland and Germany and the work is being executed by the Konkan Railways. The concrete pillars of the bridge have been designed to withstand explosions, it will include a 1.2 metre-wide central verge and a 14 metre-wide dual carriageway. The Chairman said that out of the 37 bridges in this route, the national transporter has completed 20 bridges while the work on 17 is underway. Speaking about the tunnel on this route, Yadav said that out of the 27 main tunnels on the route the railways has completed work on 18 while out of escape tunnels the work of two tunnels have been completed. He said, “Out of the 97 kms for the main tunnels on the route 77 kms tunnel work has been completed while work is in progress on the rest of the 20 kms.” The Chairman further said that the work on the Anji Khad bridge in Jammu & Kashmir, which is 331 meter high, the work is in progress. According to railway ministry officials, Anji bridge is the country’s “first cable-stayed” Indian Railways bridge – and it will connect Katra and Reasi. The total length of the Anji Khad Bridge is 473.25 metres. The length of the viaduct is 120 metres and the central embankment has a length of 94.25 metres. It has support of 96 cables. The Anji Khad Bridge has been designed to handle heavy storms of strong winds. Pointing out at the reasons for the delay in the project, the Chairman asserted that most of the sites in the project are inaccessible and fall in the very difficult geology of young Himalayan mountains. He also said that the repeated Public Interest Litigations in High Court also affected the project adversely from 2008 to 2016. Yadav also cited the law and order issue and extreme weather condition as the project lies in the rainfall and snowfall prone areas also led to the delay in the project. Meanwhile, the Chairman said that despite the Covid-19 pandemic works in the last stretch are in progress and the central government is closely monitoring the project for its timely completion.
AirAsia: On June 15, the DGCA said on Twitter that it had taken note of the concernsNew Delhi: The aviation regulator Directorate General of Civil Aviation has issued notice to a top executive of AirAsia India two weeks after one of its pilots, who runs a popular YouTube channel called "Flying Beast", alleged violations of safety norms by the low-cost airline, senior officials said on Sunday."A show cause notice has been issued to Manish Uppal, Head of Operations, AirAsia India after the pilot's allegations," a DGCA official said.An AirAsia India spokesperson said, "AirAsia India confirms receipt of the notice and we are assisting the regulator in its fact finding process. We will fully cooperate with the regulator."Captain Gaurav Taneja, who runs the YouTube channel, tweeted on June 14 that he has been suspended by AirAsia India "for standing up for safe operations of an aircraft and its passengers". On June 15,... more...
he posted a detailed video on YouTube titled "Reasons behind suspension from my pilot job".Mr Taneja alleged in the video that the airline has asked its pilots to do 98 per cent of landings in "Flap 3" mode, which allows it to save fuel. He said if a pilot does not do 98 per cent of landings in "Flap 3" mode, the airline considers it a violation of its standard operating procedure or SOP.Flaps are part of wings of an aircraft and they are engaged to create a drag during a landing or a take-off.Mr Taneja gave the example of the Imphal airport, where the plane descends more steeply as compared to other airports when approaching for landing. He said when an aircraft is coming down steeply, it needs to have a drag so that it remains slow, and in these circumstances a pilot has to do a "flap full" landing."In order to achieve targets, what would people do? They will do Flap 3 landings without giving consideration whether it is safe or unsafe. This directly impacts the passenger safety," he said in his YouTube video.If something happens during a Flap 3 landing, then the question would be asked to the pilot if he or she cares more about saving fuel or 180 passengers' lives, Mr Taneja said.On June 15, the DGCA said on Twitter that it had taken note of the concerns raised by some stakeholders "against a particular airline and its approach to safety"."DGCA has already started an investigation into the issues flagged and shall take appropriate action based on the outcome of the said investigation," it added.Senior DGCA officials had confirmed on June 15 itself that AirAsia India was under investigation after Mr Taneja's allegations.
Important Note:This website NEVER solicits for Money or Donations. Please beware of anyone requesting/demanding money on behalf of IRI. Thanks. Disclaimer: This website has NO affiliation with the Government-run site of Indian Railways. This site does NOT claim 100% accuracy of fast-changing Rail Information. YOU are responsible for independently confirming the validity of information through other sources.