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Private investment in infrastructure must go up

Loknath Das, , , , , ,

In addition to financial sector reforms, funding infrastructure through private sector participation needs reforms in the contracting mechanism.(AFP) The Bharatiya Janata Party (BJP) manifesto promises to spend Rs 100 lakh crore on infrastructure in the next five years. This can only happen if there is an increase in private participation, for which India needs to undertake financial sector reforms that encourage the creation of a pool of domestic long-term savings to be invested in infrastructure projects. The scale of investment targeted is more than what can be done through government…

Investment in 17 entities under shipping ministry hiked to Rs 5,778 crore for FY’20

Loknath Das, , , , , , , , , , , , , ,

The government has increased the proposed investment in 17 enterprises under the shipping ministry to Rs 5,778 crore for 2019-20 in order to boost the ‘blue economy’. The estimated investment in these enterprises that include 12 major ports is Rs 5,548.12 crore in 2018-19, according to the revised numbers in the recent budget document. The government had proposed an investment of Rs 5,079.80 crore in the Budget for 2018-19. Aspiring to be a $10 trillion economy in the next eight years, the government plans to harness India’s long 7,500-km coastline…

Technology And Education

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The massive growth of technology is influencing various fields such as engineering, medicine, film industry, rocket science, defense, nuclear power plants, etc. Also, it plays a significant role in school as well as college student’s life. Whether it is the assignment, research work for the project, homework, understanding the concepts, etc. it can be easily done with the help of the internet. Learning new skills and gaining information about the current or ancient topics, sharing informative data, or even staying connected with family and friends can be done over the…

How Drones Caused Travel Chaos At London’s Gatwick Airport

Loknath Das, , , , , , , ,

Passengers at the South Terminal building at Gatwick Airport, after the airport reopened. (Reuters) London: Gatwick Airport in London reopened on Friday after a rogue drone saboteur wrought travel chaos for hundreds of thousands of Christmas travellers. The perpetrator, or perpetrators, have not yet been caught. Here are some details of the incident. What happened? Flights were halted at 2103 GMT on Wednesday after two drones were spotted near the airfield. The airstrip was reopened briefly on Thursday but had to be closed again after another sighting. By midday on Thursday,…

Mapletree to invest in logistics assets in India

Loknath Das, , , , , ,

The firm has appointed Souvik Mukherjee to head logistics development in the country. Photo: Bloomberg Bengaluru: In its second innings in India, Singapore-based real estate asset manager Mapletree Investment Pte. Ltd is gearing up to invest in the logistics space, apart from core office assets, said three people familiar with the plans. Logistics development is a strategic call for Mapletree, which is looking at creating a long-term investment and development portfolio across key cities. The firm has appointed Souvik Mukherjee to head logistics development in the country and for office…

Umberto De Pretto Compares Ocean Freight With Air Freight

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Out of the numerous transportation methods used for freight these days, the two that are common are by air and by water. These are options that are often considered when transporting practically any type of freight over really long distances. The obvious difference between the two is something we can all quickly figure out but specialist Umberto de Pretto shows us that there are many other things that have to be taken into account when you choose between the two. According to him, there are clear advantages and disadvantages that…