Italy Election:Five Star Movement & anti-immigrant League
The leaders of two anti-establishment parties have each claimed they have the right to govern Italy, after voters in Europe’s fourth-largest economy did not return a majority to any single party.
The Eurosceptic, populist Five Star Movement was the biggest single party with a third of the vote.
But the anti-immigrant League said it had been endorsed to run the country as part of a centre-right alliance.
Forming a government could take weeks of negotiation and coalition-building. Former Prime Minister Matteo Renzi has resigned as leader of the governing centre-left Democratic Party, which performed poorly, taking less than 20 per cent of the vote.
He said the party would not join a coalition with “anti-system forces” and would go into opposition instead.
An alliance between the far-right League and ex-Prime Minister Silvio Berlusconi’s Forza Italia party is set to win the most seats in the Lower House of Parliament, but the League has emerged as the senior partner.
It won 17.4 per cent of the vote compared with Forza Italia’s 14 percent.
BJP & IPFT to meet in Agartala to elect state leader
The newly elected members of BJP and its ally IPFT will meet in Agartala today to elect the Leader of the Legislature Party for the formation of new government for the state of Tripura
Union Ministers Nitin Gadkari and Jual Oram have been appointed as the party’s Central observers to oversee the matters related to formation the first BJP led government in the state.
AIR correspondent reports, newly elected all members of BJP and its ally IPFT will hold their first meeting today in Agartala at around 11 O’clock in the State Guest House. BJP party sources said in that meeting the Chief Minister’s name will be decided.
BJP National General Secretary Ram Madhav will be present at the meeting.
After the meeting with elected and core committee members, the Central observers will submit their report to the BJP Parliamentary Board for final announcement of the name of the Chief Minister.
Party sources also said the oath-taking ceremony is likely to be held on 9th March.
Conrad Sangma takes oath as Meghalaya CM
National People’s Party president Conrad Sangma took oath, the 12th chief minister of the state on Tuesday. Governor Ganga Prasad invited Sangma to form the government after the Saturday results threw up a fractured mandate.
Bharatiya Janata Party on Saturday had suggested that the NPP and United Democratic Party enter into an alliance to form a “non-Congress government” in the state.After which the NPP got support from United Democratic Party, People’s Democratic Front, Hill State People’s Democratic Party and the BJP and an Independent. UDP, PDF, HSPDP and BJP have six, four, two and two seats respectively.
Sangma claimed support of 34 MLAs, on this occasions, Union Home Minister Rajnath Singh and Bharatiya Janata Party president Amit Shah, Assam Finance Minister Himanta Biswa Sarma, who is the chairman of the North East Democratic Alliance, were present at the swearing-in ceremony at Raj Bhavan.
Therefore, the Congress failed to form a coalition government in the state even after emerging as the single largest party.
Karti remained evasive nine more days in custody
CBI seeks extension of remand of Karti Chidambaram on the plea that presence of accused is actually needed in order to serve some important and specific purposes connected with completion of investigation in the INX media case. The CBI has sought an extension of custody for nine days.
The CBI said that Karti Chidambaram also needs to confront the accused, co-accused and unearth the larger conspiracy and the role of other accused persons involved in the case. It said that during the custodial interrogation so far, CBI was able to gather some important information even though the accused (Karti Chidambaram) has remained evasive even while answering the routine questions.
CBI today produced Karti Chidambaram, arrested in the INX Media corruption case, before a Delhi court and sought his custody for nine more days.
Special Judge Sunil Rana said the court will hear the matter at 2 pm today as Additional Solicitor General (ASG) Tushar Mehta, who had appeared before it on the last hearing, was not available for arguments on behalf of the CBI.
The probe agency today submitted before the court certain documents in a sealed cover related to the probe in the case over the last six days.
The court allowed Karti Chidambaram to meet his father, Congress leader P Chidambaram, and mother Nalini Chidambram for 10 minutes.
Biplab Kumar Deb set to be next Tripura CM
Tripura BJP president and newly-elected MLA Biplab Kumar Deb was today unanimously elected leader of the BJP legislature party in the state, Union minister Nitin Gadkari announced. Deb, whose name was proposed by party MLA Sudip Roy Burman in the meeting, will be the new chief minister of Tripura, Gadkari said. BJP’s poll ally, the Indigenous People’s Front of Tripura, has demanded that the chief minister be from the tribal community.
Gadkari, deputed as observer by BJP president Amit Shah, said BJP MLA Jishnu Debbarma will be the deputy chief minister. Deb will stake claim to form government in the state before Governor Tathagata Roy. No MLA of the IPFT was present in the meeting. The IPFT had yesterday threatened not to join the government if the party was not given “respectable positions” in the ministry. It would support the government from outside if its conditions were not met, it said.
The BJP and the IPFT swept to power in the state, winning 43 seats in the 60-member assembly. BJP bagged 35 seats and the IPFT eight. Elections were held for 59 seats of the 60-member assembly on February 18. Polling was countermanded in one seat due to death of a CPI(M) candidate. — PTI
25 millions child marriage prevented
25 million child marriages prevented in last decade due to accelerated progress, according to new UNICEF estimates
Improving trend in child marriage driven largely by significant reductions in South Asia, but problem persists with over 150 million girls likely to marry by 2030
NEW YORK, 6 March 2018 – The prevalence of child marriage is decreasing globally with several countries seeing significant reductions in recent years, UNICEF said today. Overall, the proportion of women who were married as children decreased by 15 per cent in the last decade, from 1 in 4 to approximately 1 in 5.
South Asia has witnessed the largest decline in child marriage worldwide in the last 10 years, as a girl’s risk of marrying before her 18th birthday has dropped by more than a third, from nearly 50 per cent to 30 per cent, in large part due to progress in India. Increasing rates of girls’ education, proactive government investments in adolescent girls, and strong public messaging around the illegality of child marriage and the harm it causes are among the reasons for the shift.
“When a girl is forced to marry as a child, she faces immediate and lifelong consequences. Her odds of finishing school decrease while her odds of being abused by her husband and suffering complications during pregnancy increase. There are also huge societal consequences, and higher risk of intergenerational cycles of poverty,” said Anju Malhotra, UNICEF’s Principal Gender Advisor. “Given the life-altering impact child marriage has on a young girl’s life, any reduction is welcome news, but we’ve got a long way to go.”
According to new data from UNICEF, the total number of girls married in childhood is now estimated at 12 million a year. The new figures point to an accumulated global reduction of 25 million fewer marriages than would have been anticipated under global levels 10 years ago. However, to end the practice by 2030 – the target set out in the Sustainable Development Goals – progress must be significantly accelerated. Without further acceleration, more than 150 million additional girls will marry before their 18th birthday by 2030.
Worldwide, an estimated 650 million women alive today were married as children. While South Asia has led the way on reducing child marriage over the last decade, the global burden of child marriage is shifting to sub-Saharan Africa, where rates of progress need to be scaled up dramatically to offset population growth. Of the most recently married child brides, close to 1 in 3 are now in sub-Saharan Africa, compared to 1 in 5 a decade ago.
New data also point to the possibility of progress on the African continent. In Ethiopia – once among the top five countries for child marriage in sub-Saharan Africa – the prevalence has dropped by a third in the last 10 years.
“Each and every child marriage prevented gives another girl the chance to fulfill her potential,” said Malhotra. “But given the world has pledged to end child marriage by 2030, we’re going to have to collectively redouble efforts to prevent millions of girls from having their childhoods stolen through this devastating practice.”
4.9-magnitude earthquake strikes
4.9-magnitude earthquake strikes 300km off Chichi-shima, Japan
A 4.9-magnitude earthquake was reportedly registered at 11:00 GMT on Monday 298km north of Chichi-shima, Japan. The quake was 10km in depth. There were no immediate reports of damage. On March 4, the US Geological Survey reported a 4.8-magnitude quake 295km north of Japan’s Chichi-shima, with a depth of 30.3km.
A HOPE FOR UNDERPRIVILEGED CHILDREN
The Second fundraiser of Children’s Hope took place in Nation’s Capital!
After completing over 5 years of working for the underprivileged children, the Second fundraiser of Children’s Hope took place on Saturday, 3rd of March 2018, at the Kila Restaurant, Kalka Das Marg, Mehrauli, New Delhi. The evening was graced by many prominent personalities like Abha Singh, former civil servant and an advocate in the High Court of Judicature, Socialite Bina Ramani, Vijay Ramani and many more. The entire gathering as well as children present in the evening were entertained by Stand up Comedian Jeeveshu Ahluwalia’s performance. Apart from him, a silent auction of paintings provided by Great Banyan Tree also happened, for the cause.
This CH fundraiser sponsored by many corporates and individuals, (like Amway, JCB, PFC, ITC, Centrum, IndusInd Bank, Atlas Cycles, Omnicom Media Group, Bird Group, Drums Food, Fenesta, Tecnova etc.) which focus on its mission of “Every Child Counts” and work towards providing education and a holistic development of the urban slum children, on a Pan India level. Few children witnessed with their graceful performances, and all the participants will receive a “goodie bag”.
Well, CH is trying to increase the participation of society in its activities, and alongside accomplish its fundraising goals. CH had its first fundraiser one year ago with the Nizami Bandhus. With it being a resounding success.
Founded in August 2012, in New Delhi, drawing its inspiration from Children’s Hope India-New York, Children’s Hope works with the mission “From Cradle to Career” – helping the less advantaged children progress from poverty to prosperity, thereby giving them a chance for a brighter future. The organization works with an aim to alleviate their poverty through educational, vocational, community and medical initiatives. Currently it is associated with over 25 projects located in Delhi, Mumbai, Kolkatta, Bhopal, Hyderabad, Pune, Jammu, and Bhuj.
Eight suspects held in Belgium
Police in Belgium detained eight people during raids linked to an anti-terrorism investigation, prosecutors said on Monday. Seven homes in the Brussels district of Molenbeek were raided on Sunday, as well as the Flemish towns of Geraardsbergen and Mechelen, the office of the federal prosecutor said. No weapons or explosives were found. “A judge specializing in terrorism matters had asked for the home searches to be carried out,” the office said, as cited by Reuters. Newspaper DH had earlier said that those being held were suspected of planning a militant attack.
RBI release :Repurchase transactions (Repo) 2018
RBI releases draft directions on Repurchase transactions (Repo) (Reserve Bank) 2018 under section 45 W of the RBI Act, 1934.
Please find enclosed draft directions on Repurchase transactions (Repo) 2018 released by RBI for your kind reference.
Please find enclosed draft directions on Repurchase transactions (Repo) 2018 released by RBI for your kind reference.
The Reserve Bank of India released on Repurchase transactions (Repo) (Reserve Bank) 2018. Reserve Bank of India in its Statement on Developmental and Regulatory Policies dated February 7, 2018 announced that RBI will issue a streamlined and simplified Comprehensive Repo Directions with a view to harmonize regulations across different types of collateral and also to encourage wider participation, especially for repos in corporate bonds and debentures. Accordingly, a draft Repurchase transaction (Repo) (Reserve Bank) Directions, 2018 were issued for feedback
Repurchase transactions (Repo) (Reserve Bank) Directions, 2018- Draft
The Reserve Bank of India having considered it necessary in public interest and to regulate the financial system of the country to its advantage, in exercise of the powers conferred under section 45W of the Reserve Bank of India Act, 1934 (RBI Act) and of all the powers enabling it in this behalf, hereby gives the following directions to all persons dealing in repurchase transactions (repos).
The Reserve Bank of India having considered it necessary in public interest and to regulate the financial system of the country to its advantage, in exercise of the powers conferred under section 45W of the Reserve Bank of India Act, 1934 (RBI Act) and of all the powers enabling it in this behalf, hereby gives the following directions to all persons dealing in repurchase transactions (repos).
Short title and commencement of the directions
These directions may be called the Repurchase transactions (Repo) (Reserve Bank) Directions, 2018 and shall supersede all other Directions issued in this regard.
Definitions
Government securities mean a security created and issued by the Central and State Government for the purpose of raising a public loan or for any other purpose as may be notified by the Government in the Official Gazette and having one of the forms mentioned in section 3 of Government Securities Act 2006.
b. Corporate bonds and debentures mean non-convertible debt securities issued in India, which create or acknowledge indebtedness, including (i) debentures (ii) bonds (iii) commercial papers (iv) certificate of deposits and such other securities of a company or a body constituted by or under a Central or State Act, whether constituting a charge on the assets of the company or body or not, or such other persons as may be specified by the Reserve Bank.
c. Municipal bonds means a debt security created and issued by or on behalf of a municipality or a local authority in India for the purpose of raising a public loan or for any other purpose, which are specified in this behalf by Govt. of India.
d. Regulated entity means any person, other than an individual or HUF, that is subject to the regulatory jurisdiction of an Indian financial regulator viz. Reserve Bank of India, Securities and Exchange Board of India, Insurance Regulatory and Development Authority of India, Pension Fund Regulatory and Development Authority, National Housing Bank and National Bank for Agriculture and Rural Development.
e. Listed corporate means a company or firm whose shares and (or) debt are listed and traded on an official stock exchange recognized by the concerned regulator.
f. Delivery versus Payment (DvP) is a settlement mechanism which stipulates that transfer of funds from the buyer of securities must be made simultaneously with the transfer of securities by the seller of securities.
g. Repo is as defined in Section 45U (c) of RBI Act, 1934.
h. Reverse Repo is as defined in Section 45U (d) of RBI Act, 1934.
A ‘repo’ transaction by an entity is ‘reverse repo’ transaction for the counterpart entity. Hence, in these Directions, the word ‘repo’ is used to mean both ‘repo’ and ‘reverse repo’ with the appropriate meaning applied contextually.
A ‘repo’ transaction by an entity is ‘reverse repo’ transaction for the counterpart entity. Hence, in these Directions, the word ‘repo’ is used to mean both ‘repo’ and ‘reverse repo’ with the appropriate meaning applied contextually.
i. Tri-party repo is a type of repo contract where a third entity (apart from the borrower and lender), called a Tri-Party Agent, acts as an intermediary between the two parties to the repo to facilitate services like collateral selection, payment and settlement, custody and management during the life of the transaction.
j. Haircut is the difference between the market value of an asset and the purchase price paid at the start of a repo.
3. Types of repos
a. Tri-Party repos are transacted through a Tri-Party agent in terms of Tri-Party Repo (Reserve Bank) Directions dated August 10, 2017.
b. Standard repos.
4. Eligible collateral for repo
a. Government securities.
b. Listed corporate bonds and debentures :provided that no corporate bonds and debentures may be used as collateral for any repo transaction wherein at least one counterparty is either the issuer or a related entity of the issuer.
Listed corporate bonds and debentures also include securities issued in India by Multilateral Development Banks (MDB) like World Bank Group (e.g., The International Bank for Reconstruction and Development, The International Finance Corporation), the Asian Development Bank or the African Development Bank and other such entities as approved by RBI.
c. Municipal bonds (as specified by Govt. of India)
5. Eligible participants
a. Any regulated entity.
b. Any listed corporate.
c. Any unlisted company which has been issued special securities by the Government of India.
d. Any All India Financial Institution (FIs) viz. Exim Bank, NABARD, NHB and SIDBI.
e. Any other entity approved by RBI for this purpose.
6. Tenor
Repos shall be undertaken for a minimum period of one day and a maximum period of one year.
7. Trading
Repo transactions may be traded on recognized stock exchanges, electronic trading platforms (ETP) authorised by RBI or in the over-the-counter (OTC) market.
8. Reporting of trades
All repo trades shall be reported within 15 minutes of the trade to the reporting platform F-TRAC under Clearcorp Dealing Systems (India) Ltd. (CDSIL) and any other entity as specified by RBI.
9. Settlement of trades
a. The first leg of all repo transactions shall settle either on a T+0 or T+1 basis.
b. All repo transactions shall settle on a DvP basis.
c. All government securities repos shall settle on a guaranteed basis through a clearing house approved by RBI.
d. All repos in corporate bonds and debentures shall settle through the clearing house of exchanges or any other entity approved by RBI.
10. Sale and substitution of repoed security
Securities purchased under repo may be
i. On-sold either as an outright transaction or as part of another repo transaction.
ii. Substituted by another security by mutual agreement under pre-existing arrangement.
11. Pricing of collateral, Haircut and Margining
i. Collaterals shall be priced transparently at prevailing market prices, in the first leg of a repo.
ii. Haircut will be decided either by the clearing house or may be bilaterally agreed upon, under Global Master Repurchase Agreement (GMRA).
12. Accounting, presentation, valuation and disclosure
Repos shall be accounted for by RBI regulated entities as per guidelines contained in RBI circular no. IDMD/4135/11.08.43/2009-10 dated March 23, 2010 (Annex I, II & III). Other eligible participants may account as per applicable accounting standards.
13. Computation of Cash Reserve Ratio (CRR) /Statutory Liquidity Ratio (SLR) and borrowing limit
The funds borrowed under market repo in government securities shall be exempted from CRR/SLR computation and the security acquired under repo shall be eligible for SLR. The borrowings of a bank through repo in corporate bonds and debentures and municipal debt shall be reckoned as liabilities for reserve requirement and, to the extent these liabilities are to the banking system, they shall be netted as per clause (d) of the explanation under section 42(1) of the RBI Act, 1934.
14. Documentation
The participants in bilateral OTC market shall enter into Master Repo Agreement as per the documentation finalized by Fixed Income Money Market and Derivatives Association of India (FIMMDA).
Delhi’s air reliably spikes every winter
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Public debate over the quality of Delhi’s air reliably spikes every winter, along with the readings from air quality monitors. However, public discussion tends to rapidly taper off, even as the air quality remains consistently bad.
The Initiative on Climate, Energy and Environment (ICEE) at the Centre for Policy Research (CPR) is organising a seminar series – Clearing the Air? Seminar Series on Delhi’s Air Pollution – to promote sustained and informed public understanding around the data, impacts, sources and policy challenges involved in clearing Delhi’s air. While we will focus on the Delhi context, the series will also reflect the fact that the problem extends far beyond Delhi. The seminar series will present the work of experts in a range of areas, to help promote informed public discussion about what changes are needed, what is possible, and how to get it done. Clearing the air in terms of knowledge and public information, we hope, will make a small contribution toward actually clearing Delhi’s air.
ICEE invites you to the sixth event in this series.
Panel Discussion on ‘Municipal Solid Waste as a cause of Air Pollution’
Panellists:
Ravi Agarwal, founder director of Toxics Link Nalini Shekhar, co-founder of Hasiru Dala Dr Seema Awasthi, founder & director of ICUC Consultants Pvt. Ltd
The discussion will be moderated by Arkaja Singh, Fellow, Centre for Policy Research
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| Wednesday, 7 March 2018, 4:00 – 5:30 p.m. |
| Conference Hall, Centre for Policy Research |
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| Image Source |
The seminar series began with a talk on air pollutants in Indian cities and the gaps in our knowledge about them, followed by two events on health impacts of air pollution. We have now turned to specific sources of air pollution, and the last panel discussed emissions from crop burning.
In the sixth event of this Seminar Series, we look at municipal solid waste as a source of air pollution in the National Capital Region.
In this panel, we will seek to understand the multiple locations and kinds of exposures to air-borne pollutants that take place in the solid waste disposal cycle. Some of the strategies to address these exposures give primacy to the waste workers, whereas others emphasize technology, infrastructure and management. We will also discuss pollution standards setting processes and regulations, and the challenges and opportunities this provides for waste management and mitigation interventions.
About the speakers:
Ravi Agarwal is founder director of Toxics Link (www.toxicslink.org), an environmental NGO based in New Delhi and working on areas of chemical safety, toxics and waste, for over two decades. Ravi is part of several high-level governmental standards and regulatory committees, and a participant in UNEP, EU, WHO forums and related International Conventions. He is also the Treasurer and Executive Board Member of the International POPs Elimination Network (IPEN) a 600 member international civil society network working on chemical safety, besides being Chairperson of the Board of Tactical Tech Collective (TTC), an international NGO working on civil society and digital interphases. Ravi was awarded the IFCS -WHO Special Recognition Award (2008) and the Ashoka fellowship (1998). He writes regularly on environmental issues in the media and journals besides having co- authored books such as “Chemicals, Environment, Health: A Global Management Perspective, Taylor and Francis, USA, 2011”.
Nalini Shekhar is co–founder of Hasiru Dala (http://hasirudala.in), a non-profit organization working on the informal waste economy. Her main focus of work is on inclusion of waste pickers in the solid waste management process of urban local body in Bangalore. She works with waste pickers, municipal officials and elected representatives on zero waste practices and integration of informal workers in solid waste management. She co-founded Kagad Kach Patra Kashtakari Panchayat (KKPKP), a union of wastepickers in Pune in 1993, and she is also co-ordinator of the National Alliance of Indian Wastepickers.
Dr Seema Awasthi is a founder and director of ICUC Consultants Pvt. Ltd.(http://icuc.in/site/) an environmental startup based in Delhi that provides consultancy services in the field of urban environment, climate change, environment management and sustainability, carbon credit markets and renewable energy. She is an expert in solid waste management and has over 18 years of professional experience in which she has worked on number of projects on solid waste management, advising various city authorities on PPP models and integrated waste management strategies. She has advised on design for closure of landfill sites at Ghazipur and three other landfill sites under the Municipal Corporation of Delhi with emphasis on utilization of landfill gases and conversion of landfill gases to CNG, among many other projects. She received her M.Tech and PhD in Environmental Engineering from IIT Delhi.
Please do RSVP at climate.initiative.cpr@gmail.com
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LOVE IS EVERYWHERE IN MONACO
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LOVE IS EVERYWHERE IN MONACO
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For that ultimate romantic experience, it has to be the Principality!
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Known to be a fairytale by the sea, besides from having unforgettable shopping sessions, casinos, sports, cultural events and larger-than-life parties, it has a beautiful romantic side to offer. The romantic hotels of Monte Carlo provide delicious gastronomy coming straight by the Michelin starred chefs with embracing personalised leisure activities as if it were a precious gift. The tiny details like a bottle of champagne, a fruit basket, a bouquet of freshly-cut flowers and a box of pralines, all to make your moment a magical one!
The Hotel Metropole, a Destination in itself has been celebrating love and art since years. This time it brings you the ultimate leisure experiences that will surely exceed the expectations, leaving you with memorable and never-ending romance.
Experience a day and night imbued with James Bond style glamour/ Suite Accommodation starts at EUR 1,250
Craft together magical moments to create remarkable emotion and incredible memories with this experience.
This historic luxury hotel offers an intimate and relaxed ambiance, a haven of peace in the heart of Monte-Carlo. Turn dreams into reality in exceptional settings. It’s the perfect place to celebrate your love in a magical setting overlooking the Mediterranean and the legendary Rock, the Principality’s everlasting symbol.
Treat yourself to an enchanting break at the Hôtel Hermitage Monte-Carlo / Suite Accommodation starts at EUR 407.00
Why not treat yourself to a gastronomic experience at the restaurant le Vistamar, the centre’s One Michelin star restaurant, for a delicious intimate meal under the spell of Cupid’s love arrow?
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About Monaco
Welcome to Monaco. A Riviera Gem. An international cultural center for ballet, opera, music, theatre and exhibitions. A place where great minds meet for business at the Grimaldi Forum Monaco. Experience heart-stopping sports action at Monaco’s F1 Grand Prix and Tennis Masters and at the tables of the Casino de Monte-Carlo… or retreat to our luxurious spas (Les Thermes Marin, ESPA, Les Cinq Mondes, Willow Stream). World-class hotels (including the Hotel de Paris, Hotel Metropole Monte-Carlo, Fairmont Monte Carlo, Monte-Carlo Bay Hotel, Le Meridien Beach Plaza, Monte-Carlo Beach Hotel, Port Palace Monaco and the Hotel Hermitage) host the world’s most discerning guests.
Press Contact:
Ruma Gupta | Public Relations Manager Monaco Government Tourist Authority | TRAC Representations India Pvt. Ltd. |+91 11 23352550 | pr@tracrep.com | ||||||||
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DMRC Projects @ Rs.500 Cr/KM Most Corrupted Undesirable
March06, 2018 (C) Ravinder Singh progressindia2015@gmail.com
Center has pushed largely UNVIABLE & UNDESIRABLE Projects and DMRC Phase IV is most corrupted and least desirable to cost over Rs.500 Cr/Km.
Rs.50,000 Cr or Rs.60,000 Cr [Delhi Resources] that phase IV may cost is MOST CORRUPTED TRANSPORT Project so far. Public Investment Priority of Delhi is 24hr Water Supply, Dams on Yamuna which Are PENDING for 64 Years, Waste Treatment, Covered Sewers & Drains, Education & Healthcare.
Rs.60,000 Cr Shall DELIVER ALL ABOVE.
Delhi already has 3.5m Seats in Public Transport, Need Integration.
NCR Region has 600 km of Double Electrified Main Line Railways (Seats 0.2m), 300km of Delhi Metro (0.3m), 38,265 CNG Buses (2m), 1,48,434 CNG Taxis (0.5m), 1,74,000 CNG Auto Rickshaws (0.35m), 29,690 and E-Rickshaw (0.15m) = 3.5m seats
Yesterday there was story of UPGRADE OF SHATABDI-RAJDHANI Trains at Rs.2.35 Cr Per Coach – Revenue Loss Could Make it Rs.4 Cr. ALMOST COST OF NEW COACHES.
Since most of these Trains Originate in Delhi – I am Concerned.
We will be Travelling in JUNK GRADE Coaches, Pay Twice More. Delhi need 10+ New Stations to Decongest Main Railway Stations.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, ND -110016, India. Ph: 091- 8826415770, 9871056471, 9650421857
Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,
Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects
GAIL’s LNG Contract with Sabine Pass
GAIL’s LNG Contract with Sabine Pass; first shipment bound for India flagged off from Sabine Pass by C&MD GAIL
March 5, 2018. HOUSTON and March 6, 2018 NEW DELHI. Mr. B C Tripathi, Chairman & Managing Director, GAIL flagged off GAIL’s first USA sourced LNG cargo from Sabine Pass LNG export facility in Louisiana on 5th March 2018. The cargo has been loaded on-board GAIL’s first chartered LNG ship “Meridian Spirit”. This LNG cargo originated from Cheniere Energy’s LNG export facility at Sabine Pass LNG project. The cargo will discharge LNG at Dabhol terminal of GAIL on or around 28th of this month.
The ship set sail after a ceremony to mark the occasion at Sabine Pass in the presence of Cheniere CEO Mr. Jack Fusco and GAIL Chairman and Managing Director Mr. B. C. Tripathi, who were joined by Consul General of India in Houston, Dr Anupam Ray, as well as representatives from Cheniere and GAIL.
The LNG SPA, which was signed in December of 2011, commenced on March 1, 2018. Under the terms of the SPA, GAIL would purchase approximately 3.5 million tonnes of LNG per year from Sabine Pass.
“The commencement of this agreement marks the start of a long and productive relationship between Cheniere and GAIL,” said Mr. Fusco. “GAIL is one of the foundation customers of Cheniere having signed the contract in 2011 and India remains an important market for LNG, and one that we hope will continue to show signs of growth. We look forward to decades of mutually beneficial cooperation between Cheniere and GAIL, the leading natural gas company of India. ”
“With supplies commencing from US, GAIL will have a diversified portfolio both on price indexation and geographical locations,” said Mr. Tripathi. “This long term agreement would go in a long way in strengthening relationship between GAIL and Cheniere and reinforcing India-US trade ties,” he added.
GAIL is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG re-gasification, Petrochemicals, City Gas, E&P, etc. GAIL is expanding pipeline network by about 5000 kms. at an investment of over $ 3 billion to operate over 16,000 kms by 2020. GAIL commands 75% market share in gas transmission and has a Gas trading share of over 50% in India. It also has a growing international presence through subsidiaries in the USA and Singapore. It is also planning to invest over a billion dollars into its City Gas Distribution projects.
Commencement of LNG supplies from Sabine Pass are significant under the contract for India as it shall immensely support Hon’ble Prime Minister’s vision of taking India towards a gas based economy and expanding Natural Gas footprints in our economy.
