Travel
Indian Railway Stocks Jump 5-12% on FDI Buzz
‘Rail’ Stocks Jump 5-12% on FDI Buzz
Shares of companies which depend on the Indian Railways for their income jumped 5-12% on Monday following news that the government is considering a proposal to allow foreign direct investment in railway.
Kernex Micro was leading the pack with gains of 12%, while Kalindee Rail jumped 10%. Stocks of other railway-related companies such as Texmaco Rail, Hind Rectifiers and Titagarh Wagon too edged up.
ET had reported on March 3 that the Department of Industrial Policy and Promotion (DIPP) will pitch in for FDI in railway before the dates for the general elections are announced. In fact, DIPP has put out a note to the Cabinet seeking approval to allow 100% FDI in railway infrastructure such as elevated rail corridor projects, freight terminals, suburban corridors, dedicated freight lines and highspeed train systems.
“Indian companies which manufacture equipment for Indian Railways will be immensely benefited if 100% FDI is allowed for railway infrastructure,” said LV Raju, MD for Kernex Microsystems.
“The biggest advantage for the Indian companies would be its saving on cost of funds, as we have been sourcing funds at 15-16% interest. After the implementation of FDI, cost of funds is likely to come down by 20-25%,” he added.
In fact, Kernex Micro had been in discussions with several global players for starting a venture. It has finalised talks with global players like Lalles for a 50:50 joint venture and will benefit a lot once FDI is allowed.
Indian Railways needs nearly . 5 lakh crore to bolster its level of infrastructure preparedness up to global standards, especially when it comes to issues of safety and speed. Given the current financial constraints, and not much coming from the central government, the Indian Railways depends heavily on foreign funds for expansion.
“India does not have an efficient rail or road network. We desperately need a good rail network for the transportation of goods and movement of our troops,” said Raju.
“Even Pakistan has a good balance between road and rail transport: passenger traffic had been largely focused on the road network while rail for haulage purpose,” he added.
ashutosh.shyam@timesgroup.com
Travel
Many trains will be terminated
Many trains will be terminated
Many trains will be terminated due to fog. Please read this news paper report:-
Travel
India Railway will help you visit Taj Mahal
India Railway will help you visit Taj Mahal
“All arrangements have been made and our systems are in place. The trial will begin December 25. It has taken us a long time to work on this project which will change the image of the ASI,” Superintending Archaeologist, Archaeological Survey of India (ASI), N K Pathak said.
The Indian Railway Catering and Tourism Corporation (IRCTC) will be the service provider of the e-ticketing facility, in collaboration with the National Institute of Smart Governance, he said.
After one month trial of the e-ticketing facility at the Taj Mahal, the ASI would extend the similar facility to other monuments, managed by it.
ASI officials said the e-tickets will have security features including bar code, and bar code scanners would be installed at the entry gates.
The ASI is training its staffs for effective and efficient use of the facility, which is likely to put an end to the long queues at the ticket counters.
Tourists had to stand for long hours in queues to buy entry tickets.
Tourism circles in Agra have welcomed ASI’s initiative saying the facility would help check resale of entry tickets and fake tickets by unscrupulous elements.
It is said that the ensuing online facility would also help the ASI in managing the number of visitors.
Travel
Take a break: top 7 places for bird watching in India
Summer is setting in, sure. But, what about taking a break from Delhi and head to Maharashtra, for there are places there that are still playing host to winged visitors. Plus, the Flamingo Festival, starting on March 29, will be an added bonus. “The peak birding season started around October and is coming to a close by May,” says Rahul Jauhari, who runs the website nopincode.com. Atul Sathe of the BNHS adds, “Mangroves in Vikhroli, wetlands in Nhava-Sheva region are good spots.” Here are some other places that the duo highly recommend.
1 Ulwe and Uran
What: Both places are renowned when it comes to bird watching. However, the numbers are rapidly dropping, thanks to rampant construction in the region.
Often spotted: The list of birds seen here is endless — from Marsh Harriers, Blue-tailed Bee-eaters and Green Bee-eaters to Black-shouldered Kites and Red Wattled Lapwings. Uran is the older haunt for bird watchers, but, according to the experts, is now a shadow of its original self. However, Red-vented Bulbuls, Ashy Prinias, Asian Pied Starlings, Moorhens, Scaly Breasted Munias, Red Avadavats and Spot Billed Ducks, among others, can still be seen in these parts.
1 Nagla Forest
What: One of the lesser-known spots inside Sanjay Gandhi National Park (SGNP), in Borivali East, Mumbai.
Often spotted: Situated to the north of Bassein Creek, this is thought to be one of the most highly rewarding walks at the SGNP. Nature lovers are in for a treat as well. Birds like the Grey Junglefowl, Indian Grey Hornbill and Rufous Woodpecker can be spotted while on the trail.
2 Tungareshwar sanctuary
What: Home to three types of forest — dry deciduous, moist deciduous and semi evergreen — it forms a corridor between SGNP and Tansa Wildlife Sanctuary.
Often spotted: Species like the Rufous Treepie, Shikra, Black-hooded Oriole, Brown-headed Barbet, Red-whiskered and Red-vented Bulbul can be seen in the area.
3 Thane Creek and Padale Gaon
What: These spots are frequented by birders in the area.
Often spotted: While Thane Creek is known to attract Flamingos and Waders this time of the year, Black Kites seem to favour Padale Gaon. Apart from the Raptors, Munias, Woolly-necked Storks, Drongos, Egrets, Marsh Harriers and Sandpipers are also seen the region.
4 Kanheri Upper Trail
What: The route involves a gradual climb through the wooded forest of the SGNP.
Often spotted: One of the few places to offer the perfect mix of nature and adventure, catch a glimpse of the Greater Racket-tailed Drongo, Shikra, Grey Jungle Fowl, and Indian Peafowl. Or head to the plateau near Kanheri Caves, which is excellent for viewing raptors, like the Crested Serpent Eagle. You could also visit the ancient Kanheri Caves.
5 Sewri
What: The mudflats here turn into a bird watcher’s paradise as they play host to millions to pink visitors.
Often spotted: One of the best places in the city to spot Flamingos, this is a good time to head there. It is also a good place to see migratory birds such as the Broad-billed Sandpiper, Common Sandpiper, Black-tailed Godwit, Whimbrel, and Eurasian Curlew. On a good day, one will also catch a glimpse of the Common Redshank, Little Herons, Little Egret, Brown-headed Gull, Grey Plover, Sand Plovers and Avocet, among others. The annual Flamingo Festival is also scheduled to take place on March 29.
6 Maharashtra Nature Park
What: Once a treeless garbage dump, this park located in the heart of the Mumbai (Dharavi) now acts as its green lung.
Often spotted: It is home to several migratory and resident species like the Black Kite, Shikra, Eurasian Wryneck, Little Green Bee-eater, Barn Swallow, Bluethroat, Purple Sunbird, Great Egret, Greater Coucal and Laughing Dove.
7 Bhandup Pumping Station
What: A well-kept secret, the lake near the pumping station attracts water birds. Signs put up also say that one can spot mongoose and snakes here.
Often spotted: The area is known to host water and land birds, and often, Flamingos can be seen here as well. That apart, the Clamorous Reed Warbler, Common Kingfisher, Red Avadavat, Pond Heron, Woolly-necked Stork, Eurasian Marsh Harrier, Black Kite, Asian Pied Starling, Painted Stork, Little Cormorant, Rose-ringed Parakeet, Laughing Dove, Red-wattled Lapwing, Green Bee-eaters and Blue-tailed Bee-eaters, among others, are common visitors.
Also Head to Airoli Creek and vashi bridge: These spots are frequented by birders looking for Flamingos and Waders.
talawe: This area on Palm Beach Road is yet another hotspot. The water body behind the NRI Complex, Seawood Estates, is a great place to observe birds.
Dombivli: Well-known birding sites here include Nilje Lake, the Bhopar area, Dombivli Creek and Khoni.
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