UAE moots high-speed underwater rail between Fujairah and Mumbai

coastaldigest.com web desk
December 1, 2018

Newsroom: Running high on technologies, the United Arab Emirates is now planning to set a benchmark by building an underwater train between Fujairah and India’s commercial capital Mumbai. The total rail network will be less than 2,000 km long.

The project which aims at providing high-speed rail travel between the two countries is proposed by the UAE-based company National Advisor Bureau.

To reciprocate this, India will provide UAE with freshwater and oil through pipelines, National Advisor Bureau Limited managing director and chief consultant Abdulla Alshehhi said during the UAE-India Conclave in Abu Dhabi.

"This is a concept. We plan to connect Indian city of Mumbai with Fujairah through ultra-speed floating trains. The project aims to boost bilateral trade. There will be export of oil to India from Fujairah port and import of excess water from Narmada River, north of Mumbai. In addition, other GCC partners can also improve export and import," Alshehhi said.

Apart from passenger transit, Alshehhi said there are plans to facilitate the exchange of goods from India to UAE and export of oil through a pipeline as well.

Floating trains or 'Maglev' use magnet repulsion system to move the 'train' at a great speed taking advantage of the lack of friction. The high-speed Maglevs trains are currently under operations in China and Japan, but several countries like Australia, US, Israel and UK have plans to introduce the rail system.

Comments

Joseph Stalin
 - 
Saturday, 1 Dec 2018

If it is UAE initiated project then it will be real soon. But if it is feku's project, it will be fake promise like black money return, 1 lakh to bank account, petrol price decrease etc

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News Network
May 10,2020

Bengaluru, May 10: Karnataka Pradesh Congress Committee (KPCC) president D K Shivakumar said that Congress will make travel arrangements for stranded Keralites in the state in order to facilitate them to reach their homes.

"On the request made by Kerala Pradesh Congress Committee, the Karnataka Pradesh Congress Committee has appointed MLA NA Haris as in-charge coordinator to look after the Kerala citizens stranded in Karnataka," DK Shivakumar, President of Karnataka Congress said in a letter addressed to Kerala Congress.

"MLA Haris will guide and assist the Kerala citizens and make the travel arrangements for those who have obtained travel passes from concerned districts after discussing with government officials to send them to their respective places with government's approval," he added.

Shivakumar shared the contact details of MLA NA Haris and a helpline number for people to register their details.

The Ministry of Home Affairs (MHA) on May 1, issued an order to extend the ongoing lockdown by two more weeks from May 4 and also allowed the movement of migrant workers, tourists, students and other persons stranded at different places, by special trains, to their homes.

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News Network
February 1,2020

New Delhi, Feb 1: The budget is a little more demanding of the non-resident Indian. Firstly, to be categorized a non-resident, an Indian now has to stay abroad for 240 days, against 182 previously. In other words, an Indian national, to claim the non-resident status, can’t stay in India for 120 days or more in a year.

“We've made changes in Income Tax Act where if an Indian citizen stays out of the country for more than 182 days, he becomes non-resident,” said Revenue Secy Ajay Bhushan Pandey. “Now in order to become non-resident, he has to stay out of the country for 240 days.”

The second rule is more deadly: a non-resident Indian, who is not taxed in the foreign country, will become taxable in India.

“If any Indian citizen is not a resident of any country in the world, he'll be deemed to be a resident of India and his worldwide income will be taxed,” said Pandey.

"It's a very big disadvantage for Indians residing overseas only to save on tax,"  said Dinesh Kanabar of Dhruva Advisors. He expects that many Indians stay abroad in countries, where the income tax is low or nil such as Dubai. Now they will be taxed in India if they are in the income tax bracket.

For Indians, finance minister Nirmala Sitharaman revised income tax rats and proposed new tax slabs.

The new income tax rates will, however, not allow exemptions under Section 80C. Home loan exemption, insurance exemptions, the standard deduction will also not stay under the regime.

"The new tax regime will be optional and the taxpayers will be given the choice to either remain in the old regime with exemptions and deductions or opt for the new reduced tax rate without those exemptions," Sitharaman said while unveiling Budget.

Comments

Kannadiga
 - 
Saturday, 1 Feb 2020

Good news NRIs vote for modi . 

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coastaldigest.com news network
August 1,2020

Bengaluru,  Aug 1: As many as 5,172 new COVID-19 cases and 98 deaths were reported in Karnataka on Saturday, taking the state's count of coronavirus cases to 1,29,287.

The active cases in the state now stand at 73,219 while 53,648 people have been discharged.

"5,172 new COVID-19 cases and 98 deaths reported in Karnataka in the last 24 hours, taking total cases to 1,29,287 including 53,648 discharges and 2,412 deaths. The number of active cases stands at 73,219," said State Health Department.

So far, a total of 2,412 people have died in the state.

India, on Saturday, reported 57,117 new COVID-19 cases, taking the country's coronavirus tally to 16,95,988, said the Union Health Ministry. 

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