Business
PM Modi Likely To Launch New Trains Linking Aizawl With Delhi, Kolkata And Guwahati
Guwahati/Aizawl: After the expected inauguration of the Bairabi–Sairang new railway project on September 13 by Prime Minister Narendra Modi, the Indian Railways is set to introduce three pairs of new train services connecting the Mizoram capital Aizawl with the national capital, Guwahati and Kolkata, officials said on Thursday.
The Northeast Frontier Railway (NFR) Chief Public Relations Officer (CPRO) Kapinjal Kishore Sharma said that Indian Railways is pleased to announce the introduction of three new pairs of train services from the newly built Sairang station in Aizawl.
A senior Mizoram government official said that the Prime Minister accompanied by state Chief Minister Lalduhoma and a few Central Ministers would flag off the three new trains after the inauguration of the Bairabi–Sairang new railway project on Saturday.
The NFR CPRO said that these trains would greatly enhance rail connectivity between the state capital of Mizoram with important destinations across the country.
The inaugural runs of all three pairs of trains will take place on September 13 (Saturday), followed by the commencement of regular services on the notified dates.
The three trains are Sairang-Anand Vihar (Delhi) Rajdhani Express (weekly), Kolkata-Sairang-Kolkata Express (tri-weekly) and Guwahati-Sairang-Guwahati Express (daily).
The Sairang-Anand Vihar Rajdhani Express will run via Badarpur junction, Guwahati, New Jalpaiguri, Malda Town, Bhagalpur during its journeys while the Sairang-Kolkata Express (tri-weekly) trains will run via Badarpur junction, Guwahati, Goalpara Town, Golakganj, New Jalpaiguri, Malda Town to reach its destinations in Kolkata.
The details of stoppages and timings of these trains are available at IRCTC website and are also being notified in social media platforms of Northeast Frontier Railway, Sharma said and requested the passengers to verify the details before undertaking their journey.
The 51.38 km Bairabi (near Assam’s Hailakandi district)-Sairang (near Aizawl city) railway project will make Aizawl the fourth capital city in the Northeast region to be connected by railways after Guwahati, Agartala and Itanagar.
Senior officials of Northeast Frontier Railway (NFR), led by General Manager (Construction) Arun Kumar Chaudhary, are making hectic preparations to give final touches to the railway project and arrangements for the inauguration.
Union Ministers and senior officials of several ministries, including the Development of North Eastern Region (DoNER), Tribal Affairs, Road Transport and Highways, would be present at the events.
The NFR CPRO earlier said that the 51.38-km-long Bairabi-Sairang new line railway project is considered an engineering marvel of Indian Railways, built at an estimated cost of Rs 8,071 crore.
The project consists of 48 tunnels, 55 major bridges and 87 minor bridges and includes tunnels with a total length of 12,853 metres, with the longest tunnel (Tunnel No. 3) spanning about two km.
The height of bridge number 196 is 114 metres, which is 42 metres taller than the Qutub Minar, the CPRO added.
The project also includes five Road Over Bridges and six Road Under Bridges. This new line project also includes construction of four new stations — Hortoki, Kawnpui, Mualkhang and Sairang.
Despite the challenging terrain, the NFR has accomplished remarkable work in extending rail connectivity to Aizawl, overcoming significant geographical and engineering hurdles to make this long-awaited project a reality, CPRO Sharma said.
Mizoram Chief Minister Lalduhoma on September 9 held a meeting with senior officials to review preparations for the visit of Prime Minister Narendra Modi to inaugurate the Bairabi–Sairang new railway project on September 13.
An official of the Chief Minister’s Office said that the Prime Minister would also likely address a public gathering at the Assam Rifles ground on September 13 and the public meeting would be organised in connection with the inauguration of the Bairabi–Sairang new railway project.
However, the Prime Minister’s final schedule of Mizoram visit has not yet been announced by the PMO.
From Aizawl, the Prime Minister is likely to visit Manipur capital Imphal and tribal inhabited Churachandpur and address the gatherings in both the places.
Security and other necessary arrangements are in full swing both in Imphal and Churachandpur.
Business
Digital Life Certificate From Comfort Of Home For Pensioners: How To Book Doorstep Request Through India Post; Check Direct Link
 "Digital Life Certificate From Comfort Of Home For Pensioners: How To Book Doorstep Request Through India Post; Check Direct Link")
New Delhi: India Post Payments Bank (IPPB) has signed a memorandum of understanding (MoU) with Employees’ Provident Fund Organisation (EPFO), to provide doorstep Digital Life Certificate (DLC) services to its pensioners under the Employees’ Pension Scheme, 1995.
Under this collaboration, IPPB — a 100 per cent government-owned entity under the Department of Posts — will leverage its wide network of over 1.65 lakh post offices and more than 3 lakh postal service providers (postmen and Gramin Dak Sevaks).
Digital Life Certificate For Free
EPFO will bear the cost of issuing Digital Life Certificate entirely, making the service free for their pensioners.
They are equipped with doorstep banking devices and digital process of face authentication technology and fingerprint biometric authentication, to assist EPFO pensioners in submitting their Digital Life Certificates conveniently from their homes, eliminating the need for them to visit bank branches or EPFO offices to submit traditional paper-based certificates.
Digital Life Certificate: How To Book Doorstep Request Online
Doorstep request for Digital Life Certificate can be made through the Post Info app or website.
You can visit https://ccc.cept.gov.in/ServiceRequest/request.aspx to book India Post doorstep request for Digital Life Certificate
India Post Payments Bank introduced the doorstep service of Digital Life Certificate in 2020 for generating Jeevan Pramaan for pensioners using Aadhaar-enabled biometric authentication to reduce the turnaround time for issuance of Jeevan Pramaan.
On completion of the certificate generation process, confirmation SMS will be received by the pensioner in his mobile number and the certificate can be viewed online the next day.
UK interest rates are widely expected to be kept at 4% but policymakers are “deeply divided” about the threat of inflation, economists say.
The Bank’s Monetary Policy Committee (MPC) will make its next decision on interest rates on Thursday.
Many economists expect borrowing costs to be kept on hold following signs that inflation is continuing to cool, and as the Bank awaits measures announced in November’s autumn Budget.
However, some experts, including banking giants Barclays and Goldman Sachs, are predicting a cut to 3.75%.
This is because they think policymakers might be swayed by recent economic data which signals a need to reduce borrowing costs further.
Most economists agree that there will be divisions among the nine-person committee when it comes to this week’s vote.
James Smith, a UK developed market economist for ING, said: “Inflation has almost certainly peaked.
“Food inflation – a critical concern at the Bank of England this summer – fell back in September and is now running half a percentage point below official forecasts.
“This all comes at a time when the Bank is visibly divided on how problematic inflation really is.”
Official figures showed that UK Consumer Prices Index (CPI) inflation stayed at 3.8% in September, the same level as both July and August, with food prices easing during the month.
The headline figure came in below the 4% that many economists had been expecting.
But Mr Smith said that, while the MPC was “deeply divided”, it will likely remain cautious about the risk of inflation being persistent and opt to keep rates on hold this month.
He also said the Bank was crucially waiting on the outcome of the Budget on November 26, adding: “While the contours of the Budget are becoming clearer, the Bank’s rules mean it can’t act on Government policy until it’s official.”
He added that an interest rate cut in December was now “becoming more likely” in response to potential tax-raising measures.
On the other hand, Jack Meaning, chief UK economist at Barclays, predicted that the recent inflation data would be enough to tip policymakers towards cutting rates on Thursday.
Coupled with data pointing to slowing wage growth among UK workers, he said this would be likely to give the committee more confidence that inflation was set to ease.
It comes after economists at US investment bank Goldman Sachs also predicted that recent figures would be enough to convince the Bank to cut rates to 3.75%.
This marks a shift in sentiment after many experts were ruling out a rate cut in November and said borrowing costs may not be reduced until 2026, coming as a setback to millions of mortgage holders still expected to refinance on to higher rates.
Mumbai: A State Bank of India research report has called for a long-term national gold policy that defines gold’s role, as money or as a commodity, and aligns it with broader financial reforms. The report said such a framework should link to India’s plans for capital account convertibility and encourage investment through the monetisation of idle gold. It added that the policy must harmonise how gold is treated in national income accounts, the balance of payments, and capital account to eliminate inconsistencies in accounting practices.According to SBI’s economic research department, high domestic demand for gold and India’s heavy import dependence with imports accounting for around 86% of total supply has created persistent pressure on the current account deficit. The increase in international price of gold is closely tied to rupee depreciation with the rupee coming under pressure every time gold prices rise because of heavy imports. The Govt also faces a fiscal loss of about Rs 93,284 crore on outstanding sovereign gold bonds, following a sharp rise in gold prices. These challenges are worsened by the lack of a comprehensive long-term policy to integrate gold’s treatment across accounting frameworks.To reduce smuggling and deepen the formal market, earlier reports proposed liberalizing gold and silver imports, including easing rules for NRIs. They also suggested introducing forward trading to allow price hedging.
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