Experts question safety features of China's straddling bus

August 8, 2016

Beijing, Aug 8: China's "straddling bus", trumpeted as an innovative idea to deal with traffic jams, is facing increasing scrutiny with many questioning the vehicle's safety features and whether it would ever come into service, a media report said today.

straddlingbus1

The Transit Elevated Bus (TEB), grabbed worldwide attention last week after China's official published pictures of the vehicle during a test run on a 300-metre track in Qinhuangdao city in Hebei province.

The bus is designed to run on rails and rises two metres above the road, allowing cars to pass underneath to ease congestion.

While the state-run Xinhua suggested last week the project was an excuse to raise funds rather than create an innovative solution to traffic problem, the experts have also questioned the safety and practicality of the technology, Hong-Kong based South China Morning Post reported.

It would be difficult for the bus to negotiate turns and motorists driving under it would have their line of sight severely limited, increasing the chance of accidents on the road, said Sun Zhang, a transportation professor at Tongji University in Shanghai and an expert in urban track transport systems.

"It can only run on wide and straight roads. In big cities where roads are winding and jammed [with traffic], such roads are in shortly supply. The biggest advantage of this project is that its designers have rich imaginations," he said.

straddlingbus2

Several employees of the TEB at Qinhuangdao city draped the bus with black curtains to prevent bystanders looking at the vehicle as the project has kindled the interest of curious local residents, the report said.

Also the idea of a bus to ease road congestion is attractive in China where car ownership is rapidly increasing, along with the number of traffic jams.

China had 172 million cars on the road at the end of last year, with 280 million licensed drivers. Research by the car-hailing service Didi Chuxing, based on data gathered in 400 Chinese cities, said the average car speed was less than 25 kmph in the first half of this year, the report said.

The publicity has created a wave of interests specially among the investors. After a series of media reports in China have questioned the technological viability and the feasibility of the project, some investors worried about the scheme to come down to check out the site.

"The company and the project are beset by so many questions. We are all worried," Zhang Ying, an investor, said

He has invested about 500,000 yuan (USD 75085) into Huaying after its sales staff told him annual returns could be as high as 14 per cent, the report said.

Yao Xu, an official in charge of press inquiries at TEB Technology told 'Morning Post' that an "official test run" would be arranged in the coming weeks.

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Agencies
February 26,2020

New Delhi, Feb 26: With the government pushing for the disinvestment of Air India, industrial conglomerate Adani Group may emerge as one of the bidders for the debt-laden national carrier, sources said.

According to highly placed sources, the Group has held internal rounds of deliberations on whether or not to submit an Expression of Interest (EoI) and the discussions are still in the preliminary stage.

If the company actually submits an EoI, it would be a major move towards further diversification of the company which has business interests across sectors right from edible oil, food to mining and minerals. 

It also entered into airport operations and maintenance business and won bids for privatisation of six airports, Ahmedabad, Lucknow, Jaipur, Guwahati, Thiruvananthapuram and Mangaluru in 2019. 

On being contacted by IANS, the company did not comment on the matter.

Air India is one of the most important divestment proposals for the current fiscal to reach the huge Rs 2.1 lakh crore target.

The government in January restarted the divestment process of the airline and invited bids for selling 100 per cent of its equity in the state-owned airline, including Air India's 100 per cent shareholding in AI Express Ltd. and 50 per cent in Air India SATS Airport Services Private Ltd.

After its unsuccessful bid to sell Air India in 2018, the government this time has decided to offload its entire stake. In 2018, it had offered to sell its 76 per cent stake in the airline.

Of the total debt of Rs 60,074 crore as of March 31, 2019, the buyer would be required to absorb Rs 23,286 crore.

Air India, along with its subsidiary Air India Express, has a total operational fleet of 146 aeroplanes.

Further, the disinvestment department has extended the last date for submission of written queries on the Performance Information Memorandum and Share Purchase Agreement to March 6.

The last date for submission of written queries on PIM and SPA was originally set for February 11, following which the Department of Investment and Public Asset Management (DIPAM) on February 21 issued 20 clarifications on the queries raised and expected.

Any delay in the tentatively rolled out timeline would also delay DIPAM's plan to identify the pre-qualified bidders by March 31 and the financial bids invitation as well. It is expected to take more than two months after the selection of the pre-qualified bidders to complete Air India's sale.

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Agencies
July 18,2020

New Delhi, Jul 18: India's national cybersecurity agency CERT-in, has warned people of credit card skimming spreading across the world through e-commerce platforms.

Attackers are typically targeting e-commerce sites because of their wide presence, popularity and the environment LAMP (Linux, Apache, MySQL, and PHP), the Computer Emergency Response Team (CERT-In) said in a notice on Thursday.

Recently, attackers targeted sites which were hosted on Microsoft's IIS server running with the ASP.NET web application framework, it said.

Some of the sites affected by the attack were found to be running ASP.NET version 4.0.30319, which is no longer officially supported by Microsoft and may contain multiple vulnerabilities, CERT-In said.

The notice also included a list of best practices for website developers including the use of the latest version of ASP.NET web framework, IIS web server and database server.

The advisory is based on research by Malwarebytes which found that this skimming campaign likely began sometime in April this year.

Credit card skimming has become a popular activity for cybercriminals over the past few years, and the increase in online shopping during the pandemic means additional business for them, too, Malwarebytes said in a blog post, adding that attackers do not need to limit themselves to the most popular e-commerce platforms.

Researchers from global cybersecurity and anti-virus brand Kaspersky had warned in December last year that more cybercriminal groups will target online payment processing systems in 2020. 

It said that over the past couple of years, so-called JS-skimming (the method of stealing of payment card data from online stores), has gained immense popularity among attackers. 

Kaspersky researchers in their report said they are currently aware of at least 10 different actors involved in these type of attacks.

Their number will continue to grow during the next year, the report said, adding that the most dangerous attacks will be on companies that provide services such as e-commerce as-a-service, which will lead to the compromise of thousands of companies.

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Agencies
March 10,2020

New Delhi, Mar 10: Crisis-hit Yes Bank on Tuesday said that it has enabled inward IMPS and NEFT services.

The move allows people to send money from other bank accounts to their Yes Bank account through IMPS (Immediate Payment Service) and NEFT (National Electronic Funds Transfer) mode.

In a tweet, the bank also said that Yes Bank customers can pay their credit card dues and loan obligations from other bank accounts.

"Inward IMPS/NEFT services have now been enabled. You can make payments towards YES BANK Credit Card dues and loan obligations from other bank accounts. Thank you for your co-operation. @RBIA @FinMinIndia," said tweet.

Last week Yes Bank was placed under moratorium and a withdrawal cap of Rs 50,000 was imposed till April 3.

The administrator of Yes Bank, Prashant Kumar and Rajnish Kumar, the Chairman of the State Bank of India are hopeful that moratorium would be lifted within a week.

As per the Reserve Bank of India (RBI) draft reconstruction scheme for the crisis-hit private lender, the SBI will take up 49 per cent in the bank by investing Rs 2,450 crore.

The new board of directors will stand constituted from the appointed date. It will comprise a CEO and MD, non-executive chairman and non-executive directors. The SBI will have nominee directors appointed on the board of the reconstructed bank.

The RBI may appoint additional directors to the board, who shall continue in office for one year, or until an alternate board is constituted by Yes Bank.

The SBI will not reduce its holding below 26 per cent before completion of three years from the date of infusion of the capital.

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