Showing posts with label General. Show all posts
Showing posts with label General. Show all posts

Saturday, 17 March 2018

Ease of doing business in India!

03:42
The ease of doing business index is an index which is created by the World Bank Group.A low numeric value that means high ranking which means better and simpler regulations for business and stronger protection of property rights.According to the World Bank, India registers its highest ever increase in ease of doing business.Currently, India is in 100th position with ease of doing business after jumping 30 places which is the best ranking ever.PM Modi who wants our country on top 50 called the achievement 'historic'.By this India is closing the gap with China but still, it is far away from world's topmost economies.The World Bank provides these rankings based on the ten parameters: Starting a business, Dealing with construction permits, Getting electricity, Registering property, Getting credits, Protecting investors, Paying taxes, Enforcing contracts, Trading across borders and Resolving failures.Each one among these is given equal priority.

There is a huge increase in start-up businesses these days which we do not get to see earlier.According to NASSCOM report, India is the home for 3100 startups each year and it is being said that if such growth continues with same peace India will create more than 2 lakh job opportunities in the coming five years.

Saturday, 11 November 2017

Do we really need Bullet Trains?

00:23
Till now everybody came to know about the Mumbai-Ahmedabad Bullet Train project which failed to justify itself.In recent days I came across many people who are having a question that "Does India really need a bullet train?"
Only certain countries have a facility for High-Speed Rail(HSR), while many have tried but failed.India's approach to having a Bullet Train by 2023 is said to be a huge step for becoming a developed country and thus removing a tag of 'developing country'.This step leads to the various question in our mind.
  • Do we really need bullet trains now?
  • What about the other failed and struggling rail projects?
  • How this will help the majority of the country?
  • How this will help poor people of our country, they can't afford to pay the fare of bullet train?
  • Unable to maintain the basic train service, How it will maintain bullet train services?
  • Do we have a proper economy and technological advancement?
India is a country where still more than 60% of people are directly or indirectly dependent on agriculture for their livelihoods, a large amount of population resides in rural areas where they are deprived of basic facilities like Electricity and Roads.I mean to say that our country where people still lacking the basic facilities, is it right to spend 1,50,000 crores on Bullet Trains now?
Talking about the trains only, this year we got to see three back to back rail accident in Uttar Pradesh.We heard much news about food poisoning, proper sanitation, theft and crimes, quality staff in railways these days.The conclusion from all these is 'how can a huge building is constructed without having a proper foundation'.
Bullet train will have the huge fare, so it is not possible for all to travel since all can't afford to pay that much amount.So it is said by the majority of the population that bullet train is for rich.In India, 90% of the passengers still travel in sleeper class so there is very less probability that those people will go for the bullet train.
Yes, we need Bullet train but for the time being, we need to work on improvements of the things we already have.Bullet train obviously provides an ability to think big.It saves time and also provide job opportunities but not benefits the large population.

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