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India needs $11.8 bn investment for first Bullet Train

ASHOK B SHARMA - 2013-02-01 14:22
New Delhi: India is working out a model for financing its first pilot project of high seep rail corridor which would require an investment of Rs 63,000 crore or $11.826 billion at current rate.
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ADB President Meets Finance Minister on Annual Meeting, Attends Delhi Summit

Special Correspondent - 2013-02-01 12:07
NEW DELHI, INDIA – The President of the Asian Development Bank (ADB), Haruhiko Kuroda, visited New Delhi, India this week to discuss ADB Annual Meeting preparations with India’s Finance Minister Palaniappan Chidambaram and to attend the Delhi Sustainable Development Summit.
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SIKKIM BACK ON INDIA’S CONNECTIVITY MAP

AIRPORT, FLIGHT AND RAILWAY LINKS TO OPEN
Ashis Biswas - 2013-02-01 12:04
KOLKATA: Sikkim will soon have air and railway links with the rest of the country, with flights from the state expected to begin from end of 2014 or 2015.
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SUPER-TAX FOR SUPER-RICH WON’T HELP

DEAL WITH TAX EVASION WITH SEVERITY
Nantoo Banerjee - 2013-02-01 12:01
Businessman Azim Premji, the country’s second richest person after Mukesh Ambani, may be a well-meaning person, but his suggestion at the recent World Economic Forum meet at Davos that it may be ‘politically correct’ to ask India’s super-rich pay a higher rate of tax will not go down well with India’s Richie-riches. Even the government is divided on the issue. Highly pragmatic Union Finance Minister Palaniappan Chidambaram himself seems to disagree with the idea. Instead, he emphasizes the need for higher tax compliance.
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Risk Financing Is Key to Building Resilience Against Disasters - Study

Special Correspondent - 2013-01-31 18:12
DELHI, INDIA – Disaster losses have risen faster than Asia-Pacific’s economy has expanded, says a new report from the Asian Development Bank (ADB), which recommends regional governments find ways to offer disaster risk financing instruments such as calamity funds, tax credits, and catastrophe bonds to strengthen disaster resilience.
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Antony urges defence industry to develop R&D

ASHOK B SHARMA - 2013-01-31 14:46
New Delhi: While Indian Navy is pacing up in the process of encouraging indigenous production, about 70% of the defence hardware are still being imported, particularly the high end critical technology.
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WHEN MAYHEM IS THE MESSAGE

TRP-DRIVEN MEDIA DISTORTED ASHIS NANDY’S WORDS
Angshukanta Chakraborty - 2013-01-31 13:07
Exactly when those of us who attended the just-concluded Jaipur Literature Festival were heaving a sigh of relief, and were, in fact, celebrating the point that deliverance from “tamasha” and re-immersion in the old-fashioned literary world had been, as it were, the foremost achievement of the Litfest, we were caught off guard in the dire straits of the Ashis Nandy controversy.
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LAVALIN GHOST RETURNS TO HAUNT THE CPI-M

CAN THE LEADERSHIP STEM THE KERALA ROT?
P. Sreekumaran - 2013-01-31 13:04
THIRUVANANTHAPURAM: The Kerala unit of the Communist Party of India (Marxist) seems to be in the grip of a death wish. That is the inescapable conclusion to be drawn from the crisis which has engulfed the party after the explosive interview party veteran V S Achuthanandan gave to a Malayalam TV the other day. The interview has the party patriarch venting his spleen on state CPI(M) secretary Pinarayi Vijayan by raking up the SNC Lavalin issue.
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CENTRE STILL HAS NO SOLUTION ON TELENGANA

HYDERABAD, WATER REMAIN STICKY WICKETS
Kalyani Shankar - 2013-01-31 12:56
The simmering Telengana problem has surfaced once again in the form of agitation in Andhra Pradesh because the government continues to dillydally about taking a firm decision. The deadline given by the Home Minister Sushil Kumar Shinde was not kept on January 28 because the Congress party has developed cold feet once again. The unstated reason for the delay is that the government does not want any resignations from the Congress MPs from Andhra Pradesh, as it does not have adequate number to push through important legislations in the coming budget session. So, the Telengana issue is likely to be decided only after the budget session.
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