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Indian Railway Budget 2011-12 Highlights – Mamata Banerjee Rail Budget

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RAILWAY MINISTER Mamata Banerjee is delivering the Rail Budget in the Lok Sabha in her characteristic style not in any way unnerved by the huge din and cry being made by the opposition members.

Here is a list of proposals made by the Railway Minister as part of her Railway Budget 2011.

Railways will construct 10,000 shelters for people staying next to lines

It will meet the demand for coaches, rail based industries to be set up under Vision 2020

First coach from the new rail factory at Rae Bareli to roll out in next three months

It will set up two wagon units with private partners

It will set up track machine unit in West Bengal

It will construct 700 km rail track each year

It has received 85 proposals under PPP scheme

It will set up 700 megawatt gas based power plant in Maharashtra

It will set up rail industrial park in Nandigram

It will set up railway software unit in Darjeeling

It will set up diesel locomotive works in Manipur

It will set up one metro coach factory in Singur

It will set up a bridge factory in Jammu and Kashmir

It will absorb 16,000 ex-servicemen to be inducted by Railways

The Railways has cancelled 1,500 trains, 3,500 re-scheduled last year

It will set up two new passenger terminals in Kerala

It will ensure better accessibility of stations to physically challenged

It will provide 12000 acres to east-west freight corridor

Pradhan Mantri Rail Vikas Yojna to be launched

Safety first priority; accident rate has come down

Work on wagon factory in Orissa to begin after land is acquired

It will do do away with all unmanned railway crossings by next year
Anti collision devices have been deployed in 8 zones

Anti collision devices to be commissioned in 3 zones

It will spend Rs 9583 crore on new lines in FY 12

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Banking giant Goldman Sachs fined by FSA

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Banking giant Goldman Sachs fined by FSA

Goldman Sachs

Goldman Sachs

Banking giant Goldman Sachs was fined by the UK’s Financial Services Authority. FSA handed a huge £17.5million fine on banking giant Goldman Sachs on Thursday.

This is the second-biggest penalty ever imposed by Britain’s City watchdog. Financial Services Authority has handed fine to Goldman for failing to tell the regulator it was under investigation in the US. Goldman agreed to pay the US fine to settle civil fraud charges of misleading investors.

FSA began its investigation in April. Goldman Sachs was required to have systems in place to ensure information surrounding the SEC investigation was shared between its US and UK offices said Financial Services Authority.

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Former First Daughter Chelsea Clinton marries Marc Mezvinsky

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Former First Daughter Chelsea Clinton marries Marc Mezvinsky

Chelsea Clinton

Chelsea Clinton

Former US President Bill Clinton and Secretary of State Hillary Clinton’s daughter Chelsea Clinton has married her boyfriend at a lavish ceremony. Bill Clinton’s only child tied the knot with millionaire banker Marc Mezvinsky. Experts estimate wedding cost was between $2m and $3 million.

His 30 year old daughter looked glowing in her dazzling white dress.Her £20,000 dress was designed by friend and wedding guest fashion designer Vera Wang. “Today, we watched with great pride and overwhelming emotion as Chelsea and Marc wed in a beautiful ceremony at Astor Courts, surrounded by family and their close friends” they said. The Chelsea and Marc have known each other since they were teenagers. Marc Mezvinsky works at G3 Capital.

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2010 Hungarian Grand Prix Live – Formula One In Hungaroring, Hungary

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2010 Hungarian Grand Prix Live Streaming Online

2010 Hungarian Grand Prix Live Streaming Online

2010 Hungarian Grand Prix Live Streaming Online : The 2010 Hungarian Grand Prix was the twelfth round of the 2010 Formula One season. It was held in Hungaroring, Hungary on August 1, 2010.

Red Bull driver Mark Webber claimed his fourth victory of the season, and reclaimed the championship lead after Lewis Hamilton’s retirement from the race

Sakon Yamamoto will continue to replace Karun Chandhok at Hispania Racing, alongside Bruno Senna. The drivers’ representative on the stewards’ panel will be Derek Warwick for the second time this season, after he was in the role at the Spanish Grand Prix.

Drivers’ Championship standings
Pos Driver Points
1. Australia – Mark Webber- 161
2. United Kingdom – Lewis Hamilton- 157
3. Germany – Sebastian Vettel -151
4. United Kingdom – Jenson Button -147
5. Spain – Fernando Alonso - 141


Constructors’ Championship standings

Pos. Constructor Points
1. Austria – Red Bull-Renault – 312
2. United Kingdom – McLaren-Mercedes – 304
3. Italy – Ferrari - 238
4. Germany – Mercedes – 132
5 . France – Renault - 106

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UK based Pace agrees to buy US broadband 2Wire

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UK based Pace agrees to buy US broadband 2Wire

set-top box manufacturer Pace

set-top box manufacturer Pace

UK-based set-top box manufacturer Pace announced an increase in first half profit of 46%. Pace announced the proposed acquisition of 2Wire Inc a U.S.based provider of broadband solutions. 2Wire, which employs about 1,600 people worldwide. 2Wire currently owned by a consortium including Alcatel-Lucent, AT&T, Telmex, and Oak Investment Partners.

Pace makes set-top boxes for BSkyB, Canal+ and Comcast. Pace feels that the 2Wire deal will now move it to number three in the global market. 2Wire products and services include remote management systems, residential gateways, multi-service media platforms.”In the first half, Pace delivered excellent revenue and profit growth and increased its cash position to further strengthen the balance sheet said Neil Gaydon, CEO.

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Boeing 787 Dreamliner Lands in Farnborough Airport

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Boeing 787

Boeing 787

Boeing’s 787 Dreamliner jet landed in Britain successfully today. This was Boeing’s 787 Dreamliner jet first flight from United States. This is test plane, reported to land at 9:08 am Sunday morning at the Farnborough airport. Boeing’s 787 Dreamliner jet was star of Farnborough airport show.

Mike Bryan was pilot of the Boeing 787, who liked it to fly and said “It’s such a nice plane. I can’t find a pilot who doesn’t love it. I’m privileged enough to fly it.”

Boeing Chariman and Chief Executive Jim McNerney led company directors on a private tour of the aircraft followed by a tour for a Congressional delegation from the U.S. that included Sens. Tom Harkin, Lindsey Graham and James Inhofe.

The Boeing 787 Dreamliner is a long range, mid-sized, wide-body, twin-engine jet airliner developed by Boeing Commercial Airplanes. It seats 210 to 330 passengers, depending on variant. Boeing states that it is the company’s most fuel-efficient airliner and the world’s first major airliner to use composite materials for most of its construction. The 787 has currently undergone flight testing with a goal of receiving its type certificate in late 2010.

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Apple Opens Shanghai Store in China

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Apple Opens Shanghai Store in China

Apple Opens Shanghai Store in China

Apple opens up second Chinese Apple Store in Shanghai on Saturday. A 40-foot glass tower considered as one of the largest stores in Asia with 16,000 square feet of retail space and more than 100 Wi-Fi connected Macs on display. The first store is in Beijing.

China is considerably Apple’s largest potential market having population of 1.3 billion and 50 million tech-savvy buyers. This 1,500-square-meter (16,000-square-foot) store in the Pudong district of Shanghai opened at 10 a.m. local time.

Shanghai is known as China’s wealthiest city – a city having two Ferrari dealerships, two Ritz-Carlton hotels and 120 Starbucks stores. Nokia’s retail network in China involves over 100,000 outlets. Lenovo, maker of Thinkpad laptops, has more than 10,000 retail outlets. Now Apple will push iPhones and iMacs and iPads in China. Consulting firm BDA China Ltd. estimates about 2 million to 3 million iPhones have been purchased in China via the grey market. Chinese PC market will grow more than 20% annually over the next five years. This will give Apple an advantage and relief to local buyers.

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Disney loses case to Celador Entertainment

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Disney loses case to Celador Entertainment

Walt Disney

Walt Disney

Walt Disney has lost a court case against the UK creator of Who Wants to Be a Millionaire? Walt Disney Co owes $270 million to the British company to Celador Entertainment. The case, brought by Celador in 2004 that Disney had cheated the Millionaire maker. “Who Wants to Be a Millionaire” introduced in Britain in 1998 and came to the United States on Disney’s ABC network the following year.

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