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…
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The Bengaluru Traffic Police (BTP) has a current strength of 4,638 personnel. Its sanctioned strength is 5,306 personnel, as per data obtained from the Traffic Management Centre. On the face of it, this indicates a shortfall in recruitment, of 12.59 per cent. Most of these -- 598 vacancies out of the 668 -- are for the post of police constables, the men on the street. The shortfall may not seem like much. Almost every police department in the country has some vacancies due to multiple reasons, says Bengaluru’s Joint Commissioner of Police (Traffic) B R Ravikanthe Gowda. “It is not…
Read moreThe continued internet blockade in Kashmir region since August 3rd following the revocation of Article 370, has not only deprived the people of Srinagar and the rest of the valley of an essential means to connect with each other, it has also taken an unprecedented toll on business, education, tourism, health and entertainment. In essence, the internet blackout in Kashmir has not only led to job losses but also loss of confidence in doing business in the valley. Interestingly, a day after a communication blockade was imposed on Kashmir, Jio-fibre, a fibre cable internet service launched by the Reliance group, began operations…
Read moreLast month, the Directorate of Urban Land Transport (DULT) released a Comprehensive Mobility Plan (CMP) for Bengaluru. You have till January 5th to send in your suggestions and objections to the plan. Set in three phases, CMP is expected to be implemented between 2020 and 2035. What are the key suggestions and projects in the CMP? It's heartening that pedestrian infrastructure - which had been ignored in previous mobility plans - makes an appearance in this one. But what's most striking is that the elevated corridor project, which the government had shelved after major citizen protests, makes a sudden comeback…
Read moreWith the passage of time and steady environmental degradation, the global push to conserve water bodies has intensified. For Chennai, which saw an unprecedented water crisis last summer when the city had to ferry in water, saving water bodies could be the only way out to avoid another Doomsday scenario. Ironically, the state government does not seem to share such concern for the lakes and rivers of the city. The sad tale of Korattur Lake is evidence of that. Located in the central region of Chennai, this 590-acre water body is on its death bed: hazardous chemicals such as iron,…
Read moreThe snow-capped Dauladhar mountains paint a picturesque backdrop to the town that today aspires to be a popular hub as a global tourist destination, as the business capital of Himachal Pradesh and as a centre for promoting sporting talent in the region. For decades, Dharamshala’s only claim to fame was as the home of Tibetan spiritual leader the Dalai Lama and the creation of McLeodganj as the headquarters of the Tibetan government in exile, now renamed the Central Tibetan Administration. “Today, Dharamshala can become one of India’s best towns,” said I. D Bhandari, retired IPS officer and former DGP who…
Read moreMoin Basha used to grow ragi on a small tract of land he owned in Mugabala village in the outskirts of Bengaluru. When water scarcity and mounting debt from failed borewells forced him to abandon his primary livelihood, he looked to the city for an alternate livelihood. Now he is a technician with an electronics service centre in north Bengaluru but continues to live in Mugabala, thanks to the improved road connectivity between Bengaluru and Mugabala, which is located close to NH 75 that passes through Bengaluru. Road infrastructure projects like these are enabling an important transition in and around…
Read moreRemember 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 moreRemember 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 moreOn December 18th, Bengaluru, which had seen near-daily protests for the previous few days, was gearing up for two simultaneous protests at 11 am the next day - one at Mysore Bank Circle and the other at Town Hall. This followed a nationwide call to hit the streets on December 19th, to protest against the recently-passed Citizenship Amendment Act (which would fast-track citizenship for non-Muslims from Afghanistan, Pakistan and Bangladesh) and against the nationwide NRC promised by Home Minister Amit Shah. Bhaskar Rao, the Bangalore Police Commissioner announced that Section 144 was going to be imposed from December 19th 6…
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