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Zojila Tunnel project will make a turnaround in Kashmir’s infrastructure development

PM Modi’s development pitch in Kashmir is intriguing. It makes great sense in the present socio-political ecosystem of Jammu and Kashmir. It needs to be successful

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Development is the ultimate solution for most of the intense problems in a society.  Marginalization and little consideration are ‘grand’ enough to nurture a feeling of oddity in the minds of people,  irrespective of their caste,  colour,  language or religion.  So the best thing is addressing them, be engaged with problems in terms of constructive ideas and developmental initiatives.
Zojila Tunnel will be the longest road tunnel in India. And, more importantly, it will be the longest bidirectional road tunnel project in Asia
Indian Prime Minister Narendra Modified knows this very well.  That’s why the other day he expressed his belief in development during his Kashmir visit.  Modi has said that ‘development’ is the solution for Kashmir’s problems.
What the Modi government is doing now in Jammu and Kashmir, from an economic perspective, matters a lot.  The flagging off ceremony of Zojila Tunnel project on Saturday, 19 May, makes great sense for the very cause of development.  Zojila Tunnel in Kashmir is going to be  a path-breaking initiative in the state, marking a big leap in the history of infrastructure development, cementing a sense of belonging and integration among the people.
Once it becomes operational,  Zojila Tunnel will be the longest road tunnel in India. And, more importantly, it will be the longest bidirectional road tunnel project in Asia.
The construction of this 14-km tunnel will make all-weather connectivity between Srinagar,  Kargil and Leh.  The Rs.6800 crore project will reduce the travel time to cross the Zojila pass from 3.5 hours to just 15 minutes.

This will be a great advantage for India, even from a strategic point of view, as Pakistan still believes they can play misadventures in Kashmir.

Economic boom

The implementation of the project will result in creating hundreds of job opportunities,  once it is completed, there happens to be a remarkable turnaround in the tourism sector of the state.  Economic activities will strengthen, there will be increase in the number of tourists visiting the state.

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Business & Economy

Jet Airways announces operations temporarily suspended

All domestic and international flights to be cancelled effective today (April 17, 2019)

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Image: Facebook/Jet Airways

Finally, the official announcement has come. India’s oldest privately-owned airline issued statement on Wednesday that they are compelled to cancel all its international and domestic flights with immediate effect. The last flight is on Wednesday night.

On Tuesday night the State Bank of India (SBI), on behalf of the consortium of Indian lenders, made it clear that they are not in a position to consider Jet’s request for critical interim funding of Rs 400 crore.

“Since no emergency funding from the lenders or any other source is forthcoming, the airline will not be able to pay for fuel or other critical services to keep the operations going. Consequently, with immediate effect, Jet Airways is compelled to cancel all its international and domestic flights,” Jet Airways said in a press statement.

Jet Airways, the airline founded by entrepreneur Naresh Goyal, is ending services after 25 years of flying.

What is next?

What is next for Jet is depending upon the new owner. The airline needs to await the bid finalisation process by SBI and the consortium of lenders.

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India Inc sees NaMo riding high ahead of elections

Indian markets and investors are sensing a victory for Narendra Modi in the impending general election. Coming the saga of Modi 2.0

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Illustration/Jijin M K/The Indic Post

It seems the markets and investors are upbeat about Indian Prime Minister Narendra Modi’s victory in the upcoming general elections. Prem Watsa, one of the most celebrated billionaire-investors in the world, opened his mind the other day on Indian election.

Often known as the Warren Buffet of Canada, Watsa has been a cheer leader for Modinomics since 2014. According to media reports, the chief executive of Fairfax Holdings is of the view that Narendra Modi’s economic reforms have taken India to new horizons of growth, transforming the world’s largest democracy into a business-friendly state by all means.

>> Indian markets and investors are sensing a victory for Narendra Modi in the impending general election. Coming the saga of Modi 2.0

In a recent letter to the shareholders of FairFax Holdings, Watsa mentioned about India’s jump in the World Bank’s Ease of Doing Business rankings.

The World Bank ranking helped Narendra Modi accentuating his reformist credentials as India jumped 23 places to 77 among 190 countries in the list last year.

When Modi came to power in 2014, India was at 142nd rank in World Bank’s Ease of Doing Business report. In 2017, India witnessed a quick jump of 30 places to reach 100th rank in the report.


Upbeat on Modi 2.0, FIIs have invested over Rs 10,000 crore in Indian equities till March 12


Bullish market

Noted investor Porinju Veliyath is damn positive about Indian economy and Modinomics. In an interview with the Economic Times, Porinju said he believes that Modi will be able to come back in power for the next five years this May.

Post-Pulwama attack, there has been a strong feeling among the investors about Modi 2.0. The uncertainties are gone, the sky is clear now, and that is reflecting in the behaviour of markets.

According to BSE data, there’s an increase of Rs 12 lakh crore in the market capitalisation of BSE-listed firms when we compare it with the figures as on February 19.

Upbeat on Modi 2.0, the FIIs (Foreign Institutional Investors) have invested over Rs 10,000 crore in Indian equities till March 12.

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Here goes PM Modi’s masterstroke project for workers in the informal sector

It is for the first time since independence that this kind of a scheme is envisaged for the workers in the informal sector. Modi again scored

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Indian Prime Minister Narendra Modi. Image/PIB

Aiming at the workers in the unorganized sector, Indian Prime Minister Narendra Modi has launched one more popular scheme ahead of general elections.

Modi’s new scheme, which is termed as Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) Yojana, will assure a monthly pension of Rs. 3,000 to the workers in the unorganized sector during their old age.

Prime Minister Modi thinks that respecting dignity of labour will take the nation forward

As a major portion of India’s labour force is working in the unorganized sector, the Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) Yojana is expected to have a profound impact in the lives of people.

Over forty two crore workers in the unorganized sector will be benefited from the scheme, according to the government.

During the launch of the project, on Tuesday (March 05, 2019), Modi said that it is for the first time since independence that such a scheme is envisaged for the workers in the informal sector.

The workers who earn less than Rs. 15,000 per month in the informal sector can enroll as beneficiaries under the scheme.

Simple process

What the workers need to do is filling up a single form with Aadhar number and bank details at any common service centre in the country. There’s no charge for the process.

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