City: Mumbai

Mumbai dons the mantle of being the congestion capital of the world. It was accorded this dubious acclaim by TomTom, a global traffic management technology services provider that tracks real-time congestion globally across 80 countries, putting Mumbai way ahead of developed cities like New York, London, Shanghai and 405 other cities. Mumbai's 8.6 lakh cars contribute to a vehicular density of 530 cars/km across its 2000 km of road network, putting it way ahead of even New Delhi (over 28,000 km road network), which has almost thrice the number of cars. Mumbai saw the number of private cars and two-wheelers…

Read more

Huge unsold housing inventory across 35 cities in the country is one of the key reasons for the Great Indian Economic slowdown, according to former chief economic adviser Arvind Subramaniam. In a working paper titled "India's great slowdown- What happened? What's the way out?", Arvind Subramaniam estimates that this vacant real estate inventory has locked up funds worth Rs 13 lakh crores, resulting in huge unpaid loans to banks. "While developers could in principle tempt buyers by reducing prices, they couldn't do that in practice because lower prices would have destroyed the (notional) value of the collateral that they pledged…

Read more

Huge unsold housing inventory across 35 cities in the country is one of the key reasons for the Great Indian Economic slowdown, according to former chief economic adviser Arvind Subramaniam. In a working paper titled "India's great slowdown- What happened? What's the way out?", Arvind Subramaniam estimates that this vacant real estate inventory has locked up funds worth Rs 13 lakh crores, resulting in huge unpaid loans to banks. "While developers could in principle tempt buyers by reducing prices, they couldn't do that in practice because lower prices would have destroyed the (notional) value of the collateral that they pledged…

Read more

Take a walk around Bhiwandi. Much of what you will see are shuttered powerloom units gathering dust and rust. During its heyday, Bhiwandi, in Thane district, had the highest cluster of powerlooms in the country, and was a huge employment hub with workers hailing from other states like Madhya Pradesh, Uttar Pradesh and Bihar. Today this once-thriving business is facing extinction, thanks to GST, demonetisation and cheaper competition, rendering thousands of workers jobless.  “More than half the karigars (workers) have returned to their native place as major textile units have shut down,” said Dilshad Sayyed Ahmed Ansari, who has been working…

Read more

Remember Arvind Desai ki Ajeeb Dastaan? In his very first film, eminent Bollywood film maker Saeed Mirza had showcased the view of the city from the upper deck of a double decker bus, wherein the characters stated that this was the best way to see the city of Mumbai. Many films like Shaan (an entire song was shot on a double decker bus) and even a much more recent hit, Ghajini (the Tamil version) had scenes in which these buses had provided the perfect backdrop. Unfortunately, very soon, scenes such as these will be the only place where you can…

Read more

Remember Arvind Desai ki Ajeeb Dastaan? In his very first film, eminent Bollywood film maker Saeed Mirza had showcased the view of the city from the upper deck of a double decker bus, wherein the characters stated that this was the best way to see the city of Mumbai. Many films like Shaan (an entire song was shot on a double decker bus) and even a much more recent hit, Ghajini (the Tamil version) had scenes in which these buses had provided the perfect backdrop. Unfortunately, very soon, scenes such as these will be the only place where you can…

Read more

At Versova jetty one morning some months ago, I asked Ramji bhai, who was sitting on a rock at the edge of the creek, what he was doing. “Timepass,” he replied. “I’ll take this home and eat it.” He pointed to a small tengda (a type of catfish) he’d just caught. I saw other fishermen cleaning nets they had floated in the creek the night before – they had caught loads of plastic but no fish. “Fishing in the khadi [creek] today is barely possible,” says Bhagwan Namdev Bhanji, who has lived all his 70-plus years in Versova Koliwada, a fishing village in north Mumbai’s…

Read more

At Versova jetty one morning some months ago, I asked Ramji bhai, who was sitting on a rock at the edge of the creek, what he was doing. “Timepass,” he replied. “I’ll take this home and eat it.” He pointed to a small tengda (a type of catfish) he’d just caught. I saw other fishermen cleaning nets they had floated in the creek the night before – they had caught loads of plastic but no fish. “Fishing in the khadi [creek] today is barely possible,” says Bhagwan Namdev Bhanji, who has lived all his 70-plus years in Versova Koliwada, a fishing village in north Mumbai’s…

Read more

The new chief minister of Maharashtra, Uddhav Thackeray may have granted interim stay pending review on the development of the Metro car shed inside the Aarey forest for now, but the battle to save Aarey – the 4.8 lakh trees that the forest is made up of --  is far from over.  Though work on tree cutting and the Metro car shed inside Aarey was already under a stay ordered by the Supreme Court since the en masse overnight cutting of over 2141 trees on October 5th, the state support for Aarey comes as a huge boost for the Save…

Read more

The new chief minister of Maharashtra, Uddhav Thackeray may have granted interim stay pending review on the development of the Metro car shed inside the Aarey forest for now, but the battle to save Aarey – the 4.8 lakh trees that the forest is made up of --  is far from over.  Though work on tree cutting and the Metro car shed inside Aarey was already under a stay ordered by the Supreme Court since the en masse overnight cutting of over 2141 trees on October 5th, the state support for Aarey comes as a huge boost for the Save…

Read more