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Chandigarh to Delhi Semi High Speed Train

Indian Railway’s drive to modernize rail travel in India is now going to cut travel time between Delhi and Chandigarh to one hour fifty minutes with just one stop at Ambala. That’s a significant reduction in travel time given the distance of 245 kms being currently covered in three hours thirty minutes by Shatabdi Express. The move is part of Indian Railway’s plans to cut travel time by introducing semi-high speed trains that travel up [...]

Volvo-S60-Polestar

Volvo Auto India has just launched the S60 Polestar with the high expectation of continuing the company’s good run in gaining market share, in what is arguably one of the most competitive and fastest growing auto markets in the world. The S60 Polestar is not just a car, it’s a driver’s car that was born for the race track twenty years ago. It was designed as an optimal performing race car that was predictable and [...]

jeep compass

FCA India Automobiles Private Limited has just announced the arrival of the much-awaited Jeep Compass in India, with the official launch slated for the third quarter this year. Jeep Compass follows its larger siblings Jeep Grand Cherokee and Jeep Wrangler to India, but is going to be the first SUV from the Jeep family to be manufactured at the company’s Ranjangaon facility in Maharashtra. Fiat Chrysler has invested US$250 million in the plant and has [...]

national-career-service

“Job Opportunities, Single Platform” – is the motto with which Prime Minister Narendra Modi launched the National Career Service (NCS) initiative on July 20, 2015 at the 46th Labour Conference, organised by the Ministry of Labour and Employment, Government of India. The Objective of NCS To create a comprehensive national web-based jobs platform that will bring together all job aspirants and potential employers on a single portal, to enable easy and efficient fulfillment for all [...]

flipkart and ebay merger

Flipkart is in the process of raising US$2 billion in an effort to stave off an increasingly aggressive Amazon and a potential threat from Alibaba, in future. The present drive to raise the first US$1 billion is being led by software giant Microsoft and Chinese technology major, Tencent. Another US$1 billion is expected to be raised from the market. US-headquartered eBay, is reported to be showing interest in participating in the fund raising and with [...]

India's Job Crisis Getting Worse

A reforms-oriented government, a plethora of social security ‘yojanas’, predicted economic growth of between 7.5 and 8 percent (at a time when global growth is hovering around the 3 percent mark), numerous black money and tax evasion measures, and above all, no new reports of corruption, or scams. Everything seems to be well with India, doesn’t it? Look again. One of the key indicators of prosperity and socio-economic well-being in a country is its unemployment [...]

Smart Villages of India

India’s dismal record in extending electrification to all villages in India stood as a major challenge when Narendra Modi took office as India’s Prime Minister in 2014. The legacy of the power ministry was in shambles. Power project implementation had come down to a crawl as the coal scam took centre stage, towards the end of the UPA-II regime. Power transmission and distribution required urgent modernisation, along with expansion into rural India, and modernisation and [...]

Finance Bill 2017

The Finance Bill, 2017, was passed in the Lok Sabha yesterday. The bill is not a new piece of legislation but a bunch of 40 amendments to existing laws. A number of issues such as current taxation laws, returns filing and IT raids, Aadhaar card linkage, cash transaction limits, mergers of public tribunals, etc. have been addressed by the bill. Major Amendments Here are some of the major amendments coming through with passage of the [...]

Top Ten Richest People in India

Shanghai headquartered, Harun Report Inc., has just released the Harun Global Rich List 2017, which confirms Mukesh Ambani, Chairman, Reliance Industries, as the wealthiest person in India, with a net worth of Rs 1,75,400 crore (US$20 billion). He ranks 29th out of 2,257 billionaires in the world. Established in 1999 in Shanghai and having offices in several countries, including India, Harun Report has been reporting annually on the top 100 richest persons in the world [...]

Government Earn Through Toll on National Highways

  Highway construction and maintenance is an important component of the government’s overall plan to boost infrastructure spending and development. National Highways Authority of India (NHAI) has been the nodal agency tasked with developing national highways and appointing concessionaires for building highways under the Build, Operate and Transfer (BOT) basis. National highways cover just 2% of the total road network in the country, but account for 40% of total traffic, and therefore, its contribution to [...]