India’s exports turned negative with a 1.1% drop in October. There is fear that it could fall further in November with exporters finding it difficult to comply with GST.
The ‘On-Board Condition Monitoring System,’ which would detect track and rolling defects, hasn’t taken off from the initial expression of interest stage.
The precipitous drop in October exports shows that the feared GST-fuelled disruption of MSME supply chains has now started taking its toll on the country’s export performance.
Developed countries want to include new issues like e-commerce, investment facilitation and government procurement in the discussion.
Impropriety due to conflicts of interest remain unaddressed. Sponsor names are displayed at India Foundation events but now we are told they paid nothing. An FCRA license has been secured but we are told there is no foreign funding.
India Foundation, run by Shaurya Doval, who is partner in a financial services firm, has top ministers as directors, and relies on financial support from foreign and Indian corporates some of which have dealings with the government.
With increasing demand for Indian services worldwide and sustained support from the government, services exports have the potential to reach $300 billion by 2022.
It appears that one set of senior railway officials had Suresh Prabhu’s ear and another now has Goyal’s ear. Has the existing bureaucracy merely gained an upper hand again or has the bureaucratic animal been transformed?
Overcoming the problems of GST obstacles, a strong rupee and various trade facilitation needs will help our MSMEs occupy the space being vacated by China and other southeast Asian countries.
The ambitious programme was launched in 2015 by the then railways minister Suresh Prabhu with a finalised PPP model approved by the cabinet after prolonged deliberations with stakeholders.
The Railways is now exploring various ways for General Electric, which was awarded the contract in 2015, to smoothly exit the Rs 2,000-crore project.
India aims to double the value of exports to $900 billion by 2019. Given sluggish global demand and our own export slump, there is no way that this objective can be achieved.
Under Prabhu’s tenure, five northeastern states were included in the broad gauge network and 29 new trains introduced.
Ministers were shuttled in and out, supposedly on the basis of performance. But who will take responsibility for the structural slowing down of India’s economy, poor employment generation and agriculture distress?
In a report submitted to the ministry, the World Bank has slammed the manner in which the Commission of Railway Safety probes accidents and has emphasised the need for an independent body to fix responsibility.
The number of those injured remains disputed, with principal secretary Arvind Kumar said 74 people have been injured, while the railways said 25 persons were injured in the incident.
RTI reply points to a catering scam but the railways says the high prices shown are a typographical error.
The previously unreported figures will make uncomfortable reading for Prime Minister Modi who has ambitious plans for the modernisation of Indian railways.
A round-up of what’s happening in India’s Northeast.
Fourteen coaches of the Indore-Patna express train derailed early in the morning on November 20, leaving 142 dead and over 200 injured.
The injured have been rushed to nearby hospitals in the area.
Beyond his well-known love for the city, Naidu needs to deliver an important political message to those inhabitants of Hyderabad whose origins lie in Andhra Pradesh – ‘I am around to take care of you, don’t be worried’.
The minister of railways has commenced the process of shake-up hesitantly which is good. But recalcitrance will soon rear its head particularly if vested interests of departments, petty suppliers, contractors and their local Mafiosi are not nipped.
Hope Blooms for Landlocked Tripura Through Rail Connectivity, Now With Delhi and Soon With Bangladesh
The weekly train service is the realisation of a demand – connecting the North East state to the capital through a rail link – that was first raised in 1949.
The foundation stone for the much awaited railway track to link Agartala to Akhoura in Bangladesh was laid.
Suren Uppal spoke to The Wire about the timeline of events in the ‘Essar tapes’ case, how the company intercepted the calls of many government officials and businessmen, the nature of these calls and the implications of the recordings.
Panagariya’s claims that the Modi government is responsible for an “infrastructure turnaround” are irrelevant, misleading or simply false.
Suresh Prabhu takes forward Modi’s promise to increase rail connectivity in the Northeast but people in the region are also asking where the Rs. 28,000 crore package the PM pledged for the work to the region in 2014 has gone
While there are a sprinkling of fresh ideas, Suresh Prabhu should be careful not to repeat the mistakes of the past.
Forget Wi-Fi and bullet trains, what the Indian Railways needs is proper accounting reform and organisational restructuring. Sadly, this railway minister has proved as reluctant to push these as all his predecessors.
A photo feature that takes a romantic and sober look at travelling on the Indian Railways and the work that remains to be done in modernizing the transportation system.
One doesn’t have any quarrels with the massive capacity-enhancement plan of the Railways. The problem arises in the mode of financing.
The presentation of the Union and Railways budgets in India have always tended to be big events — unlike most other countries where budgets are relatively predictable affairs. On Thursday, Union railway minister Suresh Prabhu stepped up to deliver his second railway budget. Devoid of any sensational surprises […]
Contrary to the NDA’s political claims, the overall emerging picture does not indicate a revival of the economy as had been stated in early 2015. Consequently, the government’s economic managers will remain in fire-fighting mode in 2016.
Instead of one seamless national network of high speed trains, the Ministry of Railways is bent upon going for just one corridor, thus defeating its purpose