Ecostar Editor Mag – Page 7

On Budget 2021-22

Ecostar Editor MagFebruary 15, 20211399 Views0

On Budget 2021-22 We welcome the Union Budget tabled by the Finance Minister, especially the announcement of voluntary scrapping policy. This comes in as a big support to automakers. who will benefit from this policy. Moreover, personal vehicles older than 20 years and commercial vehicles older than 15 years to undergo a fitness test are indeed focused on phasing out older vehicles. It will in turn promote the use of more Eco-friendly vehicles. The specifics of the policy will be announced by MoRTH in the days to come. The annual budget brings in good news for commercial vehicles as well with crore to be allotted for procuring and maintaining 20,000 buses as well as the construction of road infra to support the sale of commercial vehicles It is, therefore, the highest ever allocati...

New Launch

Hunar Haat

Ecostar Editor MagFebruary 15, 20211718 Views0

Hunar Haat is an effective platform for talented artisans and craftsmen from Indian villages. The Union Minister for Road Transport and Highways and MSME, Nitin Gadkari inaugurated the Hunar Haat through video-conference. Economic development is a must for the nation’s overall development. Eradication of poverty is a priority of the Modi Government. Hunar Haat is playing an important role in this regard, he said. Hunar Haat provides an effectiveplatform to the needy especially the talented artisans and craftsmen from India’s villages. When these indigenous products will reach international markets and Indian artisans will become prosperous. "That will fulfil our dream", he said. ...

Around The World

Jack Ma’s new trouble

Ecostar Editor MagFebruary 15, 20211336 Views0

China's richest entrepreneur is facing an antitrust action initiated by the Xi government in an effort to take control of the entire tech- industry. Jack is unlikely to be the jack of China's e-commerce again. A great success. now aged 56, China's richest man, Jack Ma, also called Daddy Ma, is now termed “evil capitalist”. The Chinese Fintech giant initially stormed people's minds. But now. it is said people love to hate him. He disappeared never to appear as Jack Ma. The English teacher turned entrepreneur, is facing the wrath of China's communist government, while the party members continue to stay friends with him? Isn't the antitrust action against him going to be an eye-wash? Or is it merely a ploy played by the government to supersede Alibaba? A day before Christmas. Chinese...

New Launch

Voosh with seed-funding

Ecostar Editor MagFebruary 15, 20211994 Views0

Voosh aims to create India's most trusted family of delivery-only brands by catering to the needs of customers by location while empowering its restaurant kitchen partners. India's first kitchenless virtual restaurant brands company. Voosh. today announced it has raised a pre-seed round of funding led by Better Capital. The round also saw participation from some of the best food-tech founders and other executives who are backing the Voosh's vision include. Vivekananda Hallekere, Founder of Bounce. Hitesh Ahuja. Founder of Yumlane. Anuj Rathi. VP of Product at Swiggy. Ashish Chatterjee. VP-Product at Swiggy. Vivek Sekar. CBO at Freight Tiger and Sundeep Teki, ex- Al & ML Head at Swiggy. This funding will be utilized to build the Voosh OS product that optimizes kitchen operation...

Budget

Defence gets 15-year highest allocation

Ecostar Editor MagFebruary 15, 20211281 Views0

The defence sector has got the 15-year highest allocation. This is going to create huge job opportunities in India since India has been consistently reducing its dependence on imports. Budget for the Financial Year 2021-22 has given a major push to defence modernisation by increasing defence capital outlay by 18.75 per cent to ₹ 4,78,195.62 crore for the Financial Year. Excluding Defence Pension. The total allocations for Defence Services and other organisations/Departments under the Ministry of Defence for the year is ₹3.62.345.62 crore, an increase of ₹24,792.62 crores over the current year’s allocation. The capital expenditure for modernisation and infrastructure development of armed forces rose 18.75 per cent to ₹ 1.35.060.72 crore over the previous year. There has been a consis...

Infrastructure

Airfare refund still pending

Ecostar Editor MagFebruary 15, 20211408 Views0

On 1st October 2020, Supreme Court ordered full refund for tickets booked during the coronavirus lockdown for domestic or international travel up to May 24. The Directorate General of Civil Aviation (DGCA) proposed either a refund or credit shell plan to reimburse passengers whose flights were cancelled during the nation-wide lockdown. A three-judge bench led by Justice Ashok Bhushan said tickets booked through travel agents would be refunded through travel agents. But the travel agent plays hide and seek games under the cover of providing everything online. For many passengers, the travel agents haven't still refunded the ticket fare. Travel agents like MakeMyTrip seem to take customers for a ride. A call to their customer care sends an automatic reply “Any Refund for this request is...

BlogSajikumar Nair

Man-made disaster: Chamoli’s unnatural calamity

Ecostar Editor MagFebruary 15, 20212173 Views0

We cannot look at the climate changes indifferently, colour changes of fruits, vegetables and leaves of plants and trees. Yesterday, it was in Kerala, today it is in Uttarakhand, tomorrow it may be somewhere else. One day, the tragedy will knock at everyone’s door in the world’s most populated region – the vast foothills of the Himalaya. Let’s not say what Uttarakhand Chief Minister said: “experts will study about the matter after a disaster ”. Human beings have a very short memory. We forget every tragedy the moment we manage to come out of it, even if temporarily. That is a weakness we have failed to recognise or an exposition of our recklessness to serious issues. Our short memory makes us selfish to take home inevitable consequences. One side of our carelessness that gathers a disa...

Infrastructure

AP Road Project with NDB support

Ecostar Editor MagFebruary 15, 20211488 Views0

The NDB funded road projects coming up in Andhra Pradesh will also have a positive impact on employment generation and economic well-being. The Union government Government of Andhra Pradesh and the New Development Bank (NDB) signed $323 million loan arrangement for two projects.The first project. Andhra Pradesh Roads and Bridges Reconstruction Project comprises widening 1,600 km of State Highways to double lane and reconstructing dilapidated bridges. The second project. Andhra Pradesh Mandal Connectivity and Rural Connectivity Improvement Project comprise widening 1.400 km of district roads to double lane and reconstructing dilapidated bridges on the district road network. The two projects are expected to improve mobility and connectivity to the socioeconomic centres, enhance trans...

Man Of The Month

P C Nambiar Director – Group EXIM Serum Institute of India

Ecostar Editor MagFebruary 15, 20212169 Views0

The result is embodied in the action itself. A role-model to youngsters, one who believes in identifying talent before deploying, one who articulates the theory of "any action is embodied in the action", Nambiar has made himself what he is now. We need to understand how to deploy our capabilities through continuous observation. Nambiar's ancestry talks a lot about being Ayurveda practitioners. His paternal uncle wanted him to keep the tradition. Ayurveda was more Of charity work for the family than a profession in those days. His father. a former professor in Ayurveda College, Kottakkal, and managing the family Ayurvedic medicine manufacturing unit, didn't think it right to put Nambiar on this path. That was the time the newly implemented land reforms in Kerala had made m...

Infrastructure

Light House Projects: Across six States

Ecostar Editor MagFebruary 15, 20211541 Views0

Prime Minister Narendra Modi Prime Minister Narendra Modi laid the foundation stone of Light House projects (LHPs) under Global Housing Technology Challenge (GHTC)- at six sites across six States. According to the Prime Minister, the lighthouse projects are examples of the government approach to one-time housing schemes. Indians have chosen a different approach. adopting a different route and better technology to complete the projects faster, These lighthouse projects will be made up of modem technology and innovative processes and reduce the construction time and make a more resilient.affordable and comfortable house for the poor. Deploying wonderful technologies, houses built across the country under government schemes will change India’s landscape with small cities carrying a mo...