Indian Urban Development and Public Policy Discussion

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JayS
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Re: Indian Urban Development and Public Policy Discussion

Postby JayS » 22 May 2018 11:45

I saw news on TV yesterday that the funds utilization for Smart Cities project is mere 1.8%...!!! Too many road blocks. Especially in the non-BJP states. MP, GJ and MH are top three so far.

Looks like before upgrading cities we need to upgrade city admin people's mentality. I often feel in case of BLR that the civic admin folks grossly lack the mentality of planning for a Metro city. Small tinkering here and there. No big/bold projects for solving key issues. Existing projects grossly lack in scale and implementation too slow. No proper implementation of the CDP. No urgency seen to tackle any of the key issues like water, traffic, drainage, pollution etc. The latest CDP was also more like Copy paste of previous version with all numbers scaled up but no real change.

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Re: Indian Urban Development and Public Policy Discussion

Postby Vasu » 22 May 2018 14:49

India's urban local bodies are thoroughly ill-equipped to do things differently, so it is no surprise that something so forward-looking and technology-intensive as Smart Cities is sputtering in their hands. I believe the extreme level of politicization is also huge part of the problem.

Lack of funding remains a huge issue, and for a country that is staring at unprecended urbanization, its a matter of grave concern that its urban local bodies remain unable to raise funds and manage their finances. Apart from a Pune or Hyderabad which have managed to raise a few hundred crores between them, no investor would perhaps buy a single bond of anyone else.

Better Disclosures Key To Developing Municipal Bond Market In India: Moody’s

Yet another attempt to kick-start India’s municipal bond market has sputtered. After Pune raised funds via municipal bonds in June 2017, the market has seen little action. Since then, Hyderabad is the only other municipal corporation to tap the markets to raise Rs 200 crore in February 2018.

Rating agency Moody’s Investors Service says this is a consequence of limited information available on the finances of these municipalities.

Lack of publicly available information on indicators including fiscal performance, debt and contingent liabilities is preventing proper credit assessment of these bodies, Moody’s said in a report dated May 9. The rating agency added that weak governance continues to be a concern as well. Together these factors are preventing a pick-up in issuances.

In 2015, the Securities and Exchange Board of India (Sebi) eased rules for the issue of municipal bonds but also sought more timely disclosure of financial information. Typically, municipal corporations tend to release financial information with a significant lag, which leads to uncertainty among potential investors.

With the exception of the larger capital cities that are interested in accessing capital markets, most municipal corporations do not make their accounts public, said Moody’s while adding that Indian urban local bodies continue to lag behind their global peers in terms of disclosure standards.

Apart from the lack of adequate information, some regulator roadblocks also persist, said Moody’s. This includes restrictions on the maximum interest rates that municipal corporations can offer, and unfavourable rules regarding income tax on interest earned by bondholders.

The rating agency added that municipal bodies also typically have a weak track record of timely project implementation and completion, which in turn weakens projected cash flows. This lowers the perceived credibility of municipal bonds, said Moody’s.

JayS
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Re: Indian Urban Development and Public Policy Discussion

Postby JayS » 22 May 2018 19:52

Vasu wrote:India's urban local bodies are thoroughly ill-equipped to do things differently, so it is no surprise that something so forward-looking and technology-intensive as Smart Cities is sputtering in their hands. I believe the extreme level of politicization is also huge part of the problem.

Lack of funding remains a huge issue, and for a country that is staring at unprecended urbanization, its a matter of grave concern that its urban local bodies remain unable to raise funds and manage their finances. Apart from a Pune or Hyderabad which have managed to raise a few hundred crores between them, no investor would perhaps buy a single bond of anyone else.

Better Disclosures Key To Developing Municipal Bond Market In India: Moody’s

Yet another attempt to kick-start India’s municipal bond market has sputtered. .


Who in their sane mind will buy bonds from MunCorps..? In India these local bodies are the most corrupt form of governances. First they will need to build credibility through transparency and performance (which I do not see happening). Otherwise we might end up with the kind of problems that Chinese local bodies are dealing with, with excessive debts. I personally have zero trust that local admin bodies in our cities can use the money raised through bonds properly. Most likely they will use the money to fund more scams like garbage collection, shabby road construction, building unnecessary flyovers etc and finally end up broke, only to have to be bailed out by State and Central governments. Just look at the utilization of money received through schemes like JNNURM.

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Re: Indian Urban Development and Public Policy Discussion

Postby Suraj » 22 May 2018 23:54

Vasu wrote:India's urban local bodies are thoroughly ill-equipped to do things differently, so it is no surprise that something so forward-looking and technology-intensive as Smart Cities is sputtering in their hands. I believe the extreme level of politicization is also huge part of the problem.

Lack of funding remains a huge issue, and for a country that is staring at unprecended urbanization, its a matter of grave concern that its urban local bodies remain unable to raise funds and manage their finances. Apart from a Pune or Hyderabad which have managed to raise a few hundred crores between them, no investor would perhaps buy a single bond of anyone else.

Funding and governance are interrelated. Cities can fund their needs using municipal bonds, but they cannot offer competitive coupon rates if their perceived risk levels are too high, and higher coupons simply result in high interest rate burden if cities can't implement what they spend the money on, in time and under budget.

Barely 1% of funding needs are currently met by muni bonds. Retail investors cannot purchase them. While central government bonds are in extremely high demand, the muni bond market has a long way to go. Foreign investment is restricted to central, state and corporate bonds, and it's not clear investment in local muni bonds is available to foreign investors.
Foreign bond investors get access to $16 bn of additional debt in India
Municipal bonds of Indian cities
India's central bank lifts key restriction on foreign investors in bond market

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Re: Indian Urban Development and Public Policy Discussion

Postby Sachin » 14 Jun 2018 12:30


chetak
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Re: Indian Urban Development and Public Policy Discussion

Postby chetak » 17 Jun 2018 09:39

Centre unlikely to introduce National Education Policy soon




Centre unlikely to introduce National Education Policy soon

Kundan Jha
June 16, 2018,

‘The Ministry of Human Resources Development does not want to attract controversy ahead of the 2019 general elections’.


The nation will have to wait till the next term of the government for getting a new National Education Policy (NEP) as the Ministry of Human Resource Development (MHRD) is unlikely to introduce the NEP during the remaining tenure of its government, sources close to the MHRD have said.

According to sources, with the general elections round the corner, the Centre is unlikely to take any risk by introducing the NEP, as several provisions in it, particularly related to the role of private players in the education sector and the stress on traditional forms of knowledge, might attract unnecessary controversy.

A source in the MHRD told The Sunday Guardian: “The MHRD is unlikely to introduce the NEP this year as several provisions in it could be contentious and might lead to protests against the government. Therefore, the Ministry is unlikely to take any risk of getting into such a situation ahead of the 2019 elections.”

A committee headed by former ISRO chief K. Kasturirangan was supposed to submit its report in December 2017, but since its inception, the committee assigned to draft the NEP has been given many extensions and the last one was given in March this year. The committee’s last three-month extension expired this month (June), but it has not presented the draft yet.

Though the government claims that the drafting committee is still working on the NEP, sources in the MHRD said that the viewpoints of all stakeholders have already been received and the draft is almost completed. “Due to fear of controversy ahead of 2019 general elections, the MHRD is using diversionary tactics to escape the implementation of the NEP,” the same source cited above said.

Earlier, the HRD Minister Prakash Javadekar’s predecessor Smriti Irani had appointed the first panel headed by former Cabinet Secretary T.S.R. Subramaniam to draft the NEP. The Subramanian panel submitted a 200-page report in November 2016 containing about 90 recommendations to uplift the standards of the primary and higher education sector. However, the report attracted wide criticism and protests against the MHRD ministry. Later, the Subramanian committee was replaced by the Kasturirangan committee.

“In the NEP, the focus is on girls’ education, strengthening public institutions and promotion of traditional knowledge. Also, special attention is given on technical and skill-based education,” the source said.

The Sunday Guardian has learnt that school education could see a paradigm shift after the implementation of the NEP which stresses on the need for affordable education.

Implementation of a new NEP was part of the BJP’s 2014 election manifesto. The existing NEP is two decades old as it was framed in 1986 and revised in 1992.

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Re: Indian Urban Development and Public Policy Discussion

Postby Prasad » 19 Jun 2018 10:18

What an effing mammoth of a waste MHRD has been in this govt.

Singha
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Re: Indian Economy News & Discussion - Nov 27 2017

Postby Singha » 10 Sep 2018 12:39

Image
Simon Kuestenmacher


@simongerman600
Sep 7
More
#India 101: #Map shows all cities with over 100,000 residents. Source: https://www.reddit.com/r/MapPorn/commen ... h=6d4fa0c1

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Re: Indian Economy News & Discussion - Nov 27 2017

Postby Gus » 10 Sep 2018 17:33

blr area has more pop than chn area?

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Re: Indian Economy News & Discussion - Nov 27 2017

Postby arshyam » 10 Sep 2018 20:25

Gus wrote:blr area has more pop than chn area?

No, they are roughly the same. This is the result of Chennai 'District' being smaller than the city limits itself and 10% the size of BLR urban district (@2196 sq km). Even the recently expanded size of this district to bring it in line with the corporation limits will only bring it up to 426 sq km.

Most of greater Chennai anyway falls under the neighbouring Kanchipuram and Tiruvallur districts, so that's anyway not counted.

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Re: Indian Economy News & Discussion - Nov 27 2017

Postby Singha » 10 Sep 2018 20:35

Its hellish to get out of cbd to sriperumbudur and beyond
Plus there exist no proper entry and exit underpass/flyover into the industry areas at sriperumbudur
Even a truck taking uturn blocks the road

Elevated roads to get out of chennai east west needed
Sriperumbudur area must be 8 lane with underpasses and uturn aystems

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Re: Indian Urban Development and Public Policy Discussion

Postby arshyam » 10 Sep 2018 22:15

^^ True that. Pathetic roads when driving into the city, given the sheer volume of industrial traffic. Good thing is that Gadkari and Pon R have worked with GoTN to revive the stalled Port elevated expressway, and have extended it to Sriperumbudur. It's going to be a 40-km long 6-lane elevated road right from the Chennai port all the way to Sriperumbudur, where it will connect with the BLR expressway. This apart, the NH is being expanded to 10 lanes on the surface, IIRC. Construction to start later this year or early next.

NHAI is also looking to build wider surface + elevated roads in the southern (GST) and northern (GNT) approach highways into the city. While the northern one is like the BLR e-city way and will be around 10km long, the GST one in the south will also be quite long - airport to Chengalpet, 30-odd kms.

That apart, the 4th ring road around the city is under works - the 162km long Peripheral ring road between Mahabs and Ennore crossing NH-4 at Sriperumbudur.

If done properly with interchanges, Chennai is all set for the next 3-4 decades. Let's see.

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Re: Indian Urban Development and Public Policy Discussion

Postby Supratik » 21 Sep 2018 17:05


Karthik S
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Re: India-US relations: News and Discussions IV

Postby Karthik S » 04 Oct 2018 22:05

Supratik wrote:I have done the maths. At current rate it is going to be 1.9 billion plus. Just look up wiki to see latest numbers. Even if absolute numbers decline by 20 million each decade it will be 1.9 billion. Unfortunately it is still showing near 180 million this decade instead of the required less than 160 million. I still am hoping that a squeeze will come soon and it will peter out at 1.7 billion.


:lol: Dude, that's way too high. I don't know how you calculated it, currect TFR is 2.4, which is .3 more than replacement rate. Taken into account our IMR is not upto western standards as well we need look into that 2.4 net of Infant Mortality Rate. In the south, except for one community, most people have 2 or single child. Going forward, in next decade it will hover around 2.1 which is the actual replacement ratio.

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Re: India-US relations: News and Discussions IV

Postby Suraj » 04 Oct 2018 22:57

OT but TFR figures are falling pretty much every year. This is available data:
2010: 2.62
2011: 2.59
2012: 2.51
2013: 2.46
2014: 2.43
2015: 2.40

A simple forecasting experiment yields:
2016: 2.34
2017: 2.3
2018: 2.25 <--- Present day
2019: 2.20
2020: 2.15
2021: 2.11
2022: 2.06

In other words, we are at the threshold of replacement level TFR right now, and will reach replacement level (~2.1) by turn of this decade.

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Re: India-US relations: News and Discussions IV

Postby Supratik » 04 Oct 2018 23:14

Do the math. 1210 million 2011. Decade (2001-2011) added 180 million. Projected without decrease in rate roughly 200 million. Net reduction about 20 million. 2021 projection from SRS data of 2016 is again about 180 million. Numbers if rate remained unchanged 215 million. Thus absolute reduction for 2021 35 million. So it is going down but not fast enough. That is why I said "at current rate". Just to reach 1.9 billion absolute numbers have to reduce by 20 million each decade i.e. 160 million for 2021, 140 million for 2031 and so forth. Bottom-line we are not there yet inspite of low TFR in most parts of the country. And that is due to population momentum. But UP/BH is 300 million. At 20-25% growth they are adding 60-75 million by themselves every decade.

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Re: India-US relations: News and Discussions IV

Postby Supratik » 04 Oct 2018 23:42

OT but the other major group Muslims are adding about 30 million every decade.

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Re: India-US relations: News and Discussions IV

Postby Shanmukh » 05 Oct 2018 00:12

Suraj wrote:OT but TFR figures are falling pretty much every year. This is available data:
2010: 2.62
2011: 2.59
2012: 2.51
2013: 2.46
2014: 2.43
2015: 2.40

A simple forecasting experiment yields:
2016: 2.34
2017: 2.3
2018: 2.25 <--- Present day
2019: 2.20
2020: 2.15
2021: 2.11
2022: 2.06

In other words, we are at the threshold of replacement level TFR right now, and will reach replacement level (~2.1) by turn of this decade.


Suraj-saar,
We were already at 2.2 TFR this February, according to a National Family Health Survey.

https://www.theweek.in/health/more/2018 ... gures.html

Also given that India's infant mortaiity rate is a touch higher, I wouldn't be surprised if we need 2.13-2.14 for a replacement rate. Of course, IMR is also going to come down in the coming years, but we aren't far from the replacement rates and will hit replacement probably next year itself.

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Re: Indian Urban Development and Public Policy Discussion

Postby Suraj » 05 Oct 2018 00:46

Thanks Shanmukh! That's definitely a sign that the fall in TFR is trending close to the lower confidence interval bound.

I'd like to point out that the 'at current rate' assumption tends not to fit this situation. The reason is that the current TFR distribution is heavily skewed by a few states, and a change the has a large impact on overall numbers:
Image
Source
The main contributors - UP and Bihar - will both fall below 3.0 soon - just a decade ago they were both around 4.3 each!

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Re: Indian Urban Development and Public Policy Discussion

Postby Prasad » 05 Oct 2018 11:11

There are demographic dangers though with differential fall in TFR's though. That is something such reports do not dwell on however.

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Re: Indian Urban Development and Public Policy Discussion

Postby Suraj » 05 Oct 2018 20:30

That is not a subject for this thread . Please don’t derail the conversation .


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