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Public transport is an eternal thorn in the side for India’s airports infrastructure

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Most global airports -- from Singapore’s Changi to London’s Heathrow -- have metro connectivity to the airports. In India, except Delhi, no other Indian airport offers metro connectivity. Metro rail networks are being planned across multiple cities, which already have an airport or in the middle of airport expansion or in some cases planning to build a new airport, yet in most cases, the metro lines and the airport do not converge.Public Transport Is An Eternal Thorn In The Side For India's Airports  Infrastructure

Complaints have piled up in the past couple of months against app-based ridesharing companies for cancellations. After offering a way for commuters to overcome their dependence on metered taxi operators -- be it taxis or auto rickshaws – cab aggregators have become as bad in terms of service if not worse.

The way out for app-based operators is not yet clear, but the complaints definitely put the back on the core issue of connectivity from airports or rather the lack of it -- especially on the public transport front.

Most global airports -- from Singapore’s Changi to London’s Heathrow -- have metro connectivity to the airports, In India, except Delhi, no other Indian airport offers metro connectivity. The one in Delhi was limited to Terminal 3 until recently.

Metro rail networks are being planned across multiple cities, which already have an airport or in the middle of airport expansion or in some cases planning to build a new airport, yet in most cases, the metro lines and the airport do not converge.

It seems as if the airports were never to be covered as part of the metro network. The Kolkata metro -- the oldest such rail network in India -- was completed in the 1980s, yet until now the airport is not connected with the metro.

Maximum struggle for new airports

Both Bengaluru and Hyderabad got their new airports in 2008. Five years earlier, Delhi Metro Rail Corporation (DMRC) was commissioned to prepare a feasibility report for Bengaluru metro. Two lines were recommended, none of which would connect to the airport.

Many years of delay later, the metro has been operational, but little has moved to connect the airport with a dedicated metro. As Bengaluru airport expands, it continues to rely on expensive cab rides to the airport; with passengers stuck in traffic and a wary eye on the watch to see if they would make it in time for the flight.

The airport luckily has better bus connectivity with dedicated airport routes, unlike many other cities. But a bus route via the arterial city centre of Bengaluru does not provide any solace from traffic.

Hyderabad’s metro was operationalised in 2017, nine years after the airport, but a route to the airport is still in the works. The 11.6-kilometre P V Narasimha Rao elevated road is the only alternative for a quick trip to Hyderabad city from the airport, which itself is in expansion mode and expected to reach a capacity of 34 million passengers per year by next year.

Airport connectivity not in the metro plan

The last couple of years has seen the government speed up metro connectivity in many cities. Mumbai - the second largest airport in the country, has had a controversial metro, but the airport is still not on the map, not yet!

Likewise, metros are in operation or on the verge of inauguration in Kochi, Jaipur, Bhopal, Varanasi, Pune and Patna, where there is no immediate plan to connect the airport to the metro network.

All these places have cultural, religious, tourism or business significance.

A few exceptions and future-ready

Lucknow metro’s red line starts at the airport, one of the few examples of airport and metro connectivity being part of the plan.

Chennai and Nagpur have airport metro stations but the planning has not exactly been ideal. The distance between Nagpur airport’s terminal and the metro station is over a kilometre away, likewise for Chennai.

The airports are working with the metro authorities for a feeder network with electric vehicles or buses.

Metros in Indore, Vizag and Coimbatore have plans to connect to the airports in the city as part of their initial metro lines but the rail network is still some time away and most of the infrastructure projects in the country have been delayed because of COVID-19.

Jewar airport is slated to open with a metro station in its forecourt.


Viability a concern

When the Delhi Metro’s airport line opened, it was operated by Reliance Infrastructure Ltd – an Anil Dhirubhai Ambani Group (ADAG) company. Reliance Infra started operation of the Delhi Airport Metro line -- which connected to Delhi Metro’s network in New Delhi and Dwarka Sector 21, was termed financially unviable by the private operator, leading to Delhi Metro Rail Corporation (DMRC) taking over the line and reducing ticket prices to attract more passengers.

There are two views about airport metros -- one which talks about a dedicated line like in New Delhi, where the rakes are customised to carry air passengers’ luggage.

The other is to have the airport station as part of a larger metro network, where the line is viable without having separate rakes.

The bottomline would matter, but the convenience, security and cost of metro rail offers a bigger advantage than any other mode of transport. It is high time that airports and metro planning authorities act in sync to put in place a viable solution at a time when the aviation ecosystem is looking at becoming net zero on the carbon emissions front

India expects exports to hit $400 billion in 2021/22: Piyush Goyal

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India’s exports in the April-December period came to about $300 billion, Goyal said.


India expects to achieve its export target of $400 billion in the current fiscal year that runs through March, the country’s Trade Minister Piyush Goyal said on Monday.

India’s exports in the April-December period came to about $300 billion, Goyal said.

Factory growth stays firm, despite manufacturing PMI shrinking to 55.5 in December

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India’s manufacturing sector lost some momentum in December, with IHS Markit’s Purchasing Managers Index (PMI) cooling to 55.5 from a 10-month high of 57.6 a month before.

manufacturing pmi: Latest News & Videos, Photos about manufacturing pmi |  The Economic Times - Page 1

A reading above 50 indicates expansion in activity, while a sub-50 print is a sign of contraction.

According to the findings of an IHS Markit survey, released on January 3, Indian manufacturers continued to see a sharp rise in new work and production.

“The last PMI results of 2021 for the Indian manufacturing sector were encouraging, with the economic recovery continuing as firms were successful in securing new work from domestic and international sources. Higher sales underpinned a further upturn in production and companies carried on with their restocking efforts,” said Pollyanna De Lima, Economics Associate Director at IHS Markit.

While December saw new orders for the manufacturing sector rising at the slowest pace since September, international orders accelerated for the sixth straight month.

The manufacturing PMI may have declined in December, but it averaged 56.3 in the last quarter of 2021 – the most since the January-March quarter 2021.

Supply chain disruptions and risks from inflation, however, continue to impact sentiment.

According to IHS Markit, Indian manufacturers’ input costs rose sharply in December, although the rate of inflation declined to a three-month low. However, it remained above its long-term average.Higher input prices were passed on to consumers in a limited fashion, with the rate of inflation for output charges weakest since October 2020.

Manufacturers continued to report longer lead times on inputs, with vendor performance deteriorating the most since August 2020. “Delays were commonly associated with raw material scarcity among distributors,

Currency update today: Indian rupee against US Dollar on 3 January 2022

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Currency update today: check the Indian Rupee against the foreign currencies  on 29 July, 2021
Currency exchange rate today, 3 January 2022: The Indian rupee against the US Dollar has been settled at Rs 74.17 and while it has ended at Rs. 84.16 against the EURO. The currency exchange rate depends on economic performance, inflation, interest rate differentials, and capital flows, etc.

It is generally determined by the strength or weakness of the particular economy. Hence, currency exchange fluctuates dynamically.

The Indian rupee has been choppy against the US dollar in the recent past. However, it has been decreased in the last six months on the overall. The currency exchange rates of a country is considered a crucial element for central banks to set up a monetary policy. Here are the currency exchange rates in India today, including USD, EUR, GBP, AED to SAR, and more.


S.No World Currency Indian Rupee 

1 1 USD Rs. 74.17 2 1 EUR Rs. 84.16 3 1 GBP ( British pound) Rs. 100.17 4 1 AED (UAE) Rs. 20.15 5 1 SAR (Saudi Riyal) Rs. 19.71

Check out the conversation table of US Dollar to Indian Rupee 

USD INR 1 USD 74.17 INR 5 USD 370.85 INR 10 USD 741.70 INR 50 USD 3708.50 INR 100 USD 7417.00 INR


Check out the conversation table of Indian Rupee US Dollar 

INR USD 1 INR 0.01 USD 5 INR 0.07 USD 10 INR 0.13 USD 50 INR 0.67 USD 100 INR 1.35 USD

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India's December jobless rate rises to 7.9% -think tank CMIE

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India's unemployment rate hit a four-month high in December, data from the Centre for Monitoring Indian Economy (CMIE) showed on Monday.

Unemployment rate rises to 10.3% in Oct-Dec 2020: NSO survey

The unemployment rate rose to 7.9% in December from 7.0% in November, its highest since 8.3% in August.
Economic activity and consumer sentiment have been hit in the South Asian nation after a rise in cases of the Omicron coronavirus variant and social distancing restrictions in many states.

Urban unemployment rate rose to 9.3% in December from 8.2% in the previous month while the rural unemployment rate was up 7.3% from 6.4%, the data showed.

Many economists worry that the Omicron variant could reverse the economic recovery seen in the previous quarter.
Mumbai-based CMIE data on unemployment is closely watched by economists and policymakers as the government doesn't release monthly figures.


Stocks may soar to fresh highs in 2022: Survey

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Mumbai: Equities will likely continue to be the best asset class for Indians in the new year after a bumper 2021 but investors must brace for wild swings in the face of a hawkish US Federal Reserve and a tenacious Covid-19 virus. 


While stocks could weaken further early in 2022, India's stock benchmarks - the Nifty and the Sensex-are poised to soar to fresh highs this year, according to a majority of participants in an ET poll. Technology, banks and chemicals are among their top picks for the year ..

An ET poll of 23 fund managers and analysts at brokerages showed that 57% expect the Nifty to rise 10-15% in 2022. While 21% expect a 5-10% gain, a minority is forecasting 15-20% returns from current levels.


"This year is starting on a bull wicket as the market has corrected recently. We expect reasonably good performance by markets in 2022 though not bumper returns like 2020," said Raamdeo Agrawal, chairman, Motilal Oswal Financial Services. "In terms of returns, I would think not more than 15%... more like 10-15% returns."

The Nifty ended on a cheerful note on Friday at 17,354.05, logging gains of 24% for the year. The Sensex ended at 58,253.82, up 22% in 2021.

About 42% expect the Nifty to end 2022 at 19,000-20,000, and 33% expect the index at 18,000-19,000. A revival in flows from foreign investors is likely to boost the market, according to 94% of those polled.

44% See Rupee at 75, another 33% at 78
Foreign investors have been sellers in the last three months of 2021, offloading shares worth '36,500 crore during this period, after being net buyers to the tune of '1.19 lakh crore in the first nine months.

As much as 44% see the rupee at 75 to the dollar in 2022, while 33% expect it to touch 78. The rupee closed at 74.29 against the dollar Friday.

The poll showed IT, banks, chemicals, pharma and real estate sector will be this year's top investment themes.

"Banks and IT make more than 50% of profits in the corporate world and both are booming. Both are likely to do very well and are reasonably priced," said Agrawal.

Money managers expect large caps to be in favour this year.

The consensus in the poll was for a 50:40:10 split among largecap, midcap and smallcap.

About 56% of those polled expect the Nifty and Sensex to see a dip in early 2022, with about half of them expecting another 3-5% fall. However, 44% do not expect a further decline from current levels.

"Investors should mellow down their return expectations from equities in the coming year. Coming out of strong outperformance, equity markets need to consolidate," said Vinit Sambre, head of equities at DSP Investment Managers. "The first half for the markets could be lacklustre given the high base effect of December and March quarters and the impact of a third Covid wave."

Indian stock indices ended 2021 with a gain of over 20%. In the last three months of the year, the benchmarks corrected more than 10% from lifetime highs on October 19-- 62,245.43 for the Sensex and 18,604.45 for the Nifty. At close on Friday, the indices were still 7% away from their peaks.

The decline was due to heavy selling by overseas investors amid heated valuations and tightening monetary policies by global central banks-mainly the US Federal Reserve-as well as concern over the new coronavirus variant.






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