Odd-even policy worked well but don't extend it: Delhi residents

January 12, 2016

New Delhi, Jan 12: A majority of the capital's residents have told a survey that the odd-even policy for private cars has been implemented well, a sizeable number felt autos and taxis were fleecing them, even as those who do not want the practice to continue outnumbered others.

trConducted by LocalCircles, a citizen engagement platform, the survey found that during the first 10 days, a vast majority of people said either they used public transportation, including autos and taxis, or their second car. Only 8 percent opted for car-pooling and 9 percent used a bike.

The platform claims it is connected with more than one million citizens across India, and to the five questions that formed a part of the survey on the first 10 days of the odd-even policy, the respondents ranged between 11,785 and 13,971.

"Based on the poll results, it can be interpreted that while citizens believe that the government surpassed their expectations on the implementation front, clear impact on reduction in pollution is yet to be determined," said K. Yatish Rajawat, chief strategy officer.

"The Government of Delhi must look at how to place safeguards and controls so that autos and taxi services don't overcharge citizens in case the rule was to be implemented again or regularized," Rajawat added.

To a question "Should the odd-even policy be extended beyond January 15", over half the 12,918 respondents said no, while the rest seemed okay for its extension. Those who wanted to or not to buy another car were evenly matched, and 15 percent had vehicles with both registrations.

To another question on how people managed to commute during the first 10 days of the policy, only 8 percent of the 11,831 respondents said they pooled their cars. The largest share of the people, 44 percent, used public transport, 9 percent used a bike and 39 percent had cars for both days.

Evidently, people were surprised at the way the government managed to implement the scheme. Prior to the start of the policy on January 1, another survey found only 31 percent of the respondents being positive about it, while it rose to 58 percent after the conclusion of 10 days.

The odd-even policy, under which private cars with registrations ending in even numbers could ply only on even dates, and vice versa for those with odd-numbered plates, was announced by the state government from January 1-15 after the Delhi High Court said Delhi had turned into a gas chamber.

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News Network
May 9,2020

May 9: Two more companies are said to be eyeing stakes in Reliance Jio Platforms, the $65-billion digital unit of Mukesh Ambani-controlled Reliance Industries, suggests a Bloomberg report. If these deals materialise, they would add to a growing list of firms that have recently invested in the Indian company.

US private equity firm General Atlantic was considering investing about $850 million to $950 million in the Mumbai-based company, a Bloomberg report said, citing people with knowledge of the matter.

The deal could be completed as soon as this month, though no agreement had been finalised and plans may change, it added.

Saudi Arabia's Public Investment Fund (PIF) is also considering to buy a minority stake in Jio, Bloomberg said in a separate report.

General Atlantic declined to comment on the report, while Jio and PIF did not immediately respond to Reuters request for comment. Hours earlier on Friday, Reliance Industries announced a $1.5 billion stake sale in Jio to Vista Equity Partners, the third deal in just over two weeks.

The conglomerate cut a $5.7 billion deal with Facebook for a 9.99 per cent stake in Jio on April 22 and a few days later, it secured a $750 million investment from private equity firm Silver Lake.

Together the three deals will inject a combined $8 billion in the telecoms-to-energy group and help it pare its debt.

Vista's investment gave Jio an equity value of Rs 4.91 trillion ($65 billion) and an enterprise value of Rs 5.16 trillion, said Reliance, controlled by billionaire tycoon Mukesh Ambani.

The potential investments from New York-based General Atlantic and the Saudi sovereign wealth fund, which manages over $300 billion in assets, would inject money on top of the $8 billion which Jio has already raised.

Saudi's PIF has been buying minority stakes several companies. Last month, it disclosed an 8.2 per cent stake in coronavirus-hit Carnival Corp, sending the cruise operator's shares up nearly 30 per cent higher.

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News Network
May 13,2020

May 13: Senior Congress leader P Chidambaram on Wednesday mocked the prime minister's announcement of a Rs 20 lakh crore financial package as a "headline and blank page", and said he was looking forward to the finance minister filling the blank page.

Prime Minister Narendra Modi on Tuesday announced massive new financial incentives on top of the previously announced packages for a combined stimulus of Rs 20 lakh crore.

Chidambaram said he would count every additional rupee the government infuses into the economy and examine what the poor, hungry and devastated migrant workers get after walking hundreds of kilometres to their home states.

"Yesterday, PM gave us a headline and a blank page. Naturally, my reaction was a blank!

"Today, we look forward to the FM filling the blank page. We will carefully count every ADDITIONAL rupee that the government will actually infuse into the economy," he said on Twitter.

The former finance minister said "We will also carefully examine who gets what?".

"And the first thing we will look for is what the poor, hungry and devastated migrant workers can expect after they have walked hundreds of kilometres to their home states.

"We will also examine what the bottom half of the population (13 crore families) will get in terms of REAL MONEY," he said in a series of tweets.

Congress leader Jairam Ramesh also slammed the prime minister's announcement.

"Last night the Prime Minister did what comes to him best. Maximum packaging, Minimum meaning.It was a case of classic NAMO. No Action Message Only," he said on Twitter.

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Agencies
February 11,2020

New Delhi, Feb 11: With Election Commission">Election Commission's trends indicating a landslide victory for the Aam Aadmi Party (AAP), party chief Arvind Kejriwal expressed his gratitude towards the people of the national capital and said that this is the victory of the people who consider him as their son.

Making his first public appearance after the day's results, Kejriwal made a brief address to supporters in which, AAP chief thanked supporters, outlined his personal connection with citizens and party workers as well as credited his family for their continued support.

"I thank people of Delhi for reposing their faith in AAP for the third time. This is not my personal victory, this is the victory of Delhiites. This the victory of the people who consider me as their son and voted for us," Kejriwal said at party office here.

He also referred to the trends of the assembly polls, as the beginning of a new kind of politics.

"This is the beginning of a new kind of politics. This is a new sign. Only the party will get vote who will built mohalla clinics and good schools... This is the victory of mother India and India. Today is Tuesday, Hanuman-ji's day. Hanumanji ji blessed Delhi today, I thank him. We pray that Hanuman Ji keeps showing the right path to us so that we continue to serve people for the next five years," he said.

According to Election Commission", AAP won 5 seats while the party is leading on 58 seats in 70-member Delhi Assembly. 

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