Punjab

World Bank approves $650 million loan for Eastern Dedicated Freight Corridor

World Bank has approved an additional loan of 650 million dollars for India’s Eastern Dedicated Freight Corridor (DFC) Project.

It was approved in third round of World Bank funding and follows earlier two other loans by the bank for this project.

This loan will fund

  • To build 401 km Ludhiana-Khurja section that falls in three North Western states of Uttar Pradesh, Haryana and Punjab.
  • To develop and enhance the institutional capacity of the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) and to build and maintain the DFC infrastructure network.

Eastern Dedicated Freight Corridor (DFC) Project

  • DFC Project aims at the faster delivery of goods between the northern and eastern parts of the country.
  • The project will further help to increase the capacity of freight-only lines. It will raise the axle-load limit from existing 22.9 tonnes to 25 tonnes.
  • The speeds of freight carriers will be further boosted up to 100 km/hr due to dedicated freight lines.
  • Apart from faster delivery of goods, this project is also going to help to reduce greenhouse gases (GHGs) emissions caused by road transportation in this region.

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Satnam Singh Bhamara becomes first Indian to be drafted by a NBA team

Satnam Singh Bhamara became the first Indian born basketball player to be drafted in the National Basketball Association (NBA).

He was chosen by the Dallas Mavericks team as the 52nd pick in the NBA Draft. He was selected amongst the 60 young men who will play in the next season of NBA.

About Satnam Singh Bhamara

  • Born: 10 December 1995.
  • The 19-year-old Satnam hails from a small village Ballo Ke in Barnala district of Punjab. He stands 7 feet 2 inches tall and comes from a farmer’s family.
  • Prior to this selection he was going training at IMG Academy at Florida, US and was coached by Scott Fleming. He had played for the IMG Academy graduate team during the season 2014–15.
  • He was undergoing training in the US since September 2010 as part of a scholarship program between IMG and Reliance.
  • Earlier in 2011, Singh had represented the India national basketball team at the FIBA Asia Championship. He also had represented India at the 2013 FIBA Asia Championship.

It should be noted that Canada born Sim Bhullar was the first Indian origin player to play in NBA. He had briefly featured for the Sacremento Kings in the 2014 season of NBA.

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Union Cabinet gives nod to revised estimate for East-West freight corridor

Union Cabinet has given to 81,459 crore rupees revised estimate for Eastern and Western Dedicated Freight Corridor (DFC) Project.

Decision in this regard was taken in Union Cabinet meeting chaired by Prime Minister Narendra Modi in New Delhi. Cabinet also has given nod to include land costs and financing plan for this for East-West freight corridor.

The revised cost estimate comprises construction cost of 73,392 crore rupees of the Eastern and Western DFC along with additional land acquisition cost of 8,067 crore rupees.

In this revised estimate, the cost of the 534-km Sonnagar-Dankuni section has been excluded as this section is proposed to be implemented through Public-Private Partnership (PPP) route.

Eastern and Western Dedicated Freight Corridor (DFC) Project on completion will pass through 9 states. They are Maharashtra, Gujarat, Rajasthan, Punjab, Haryana, Uttar Pradesh, Bihar, Jharkhand and West Bengal.

This project will significantly help to reduce transportation cost and benefit mines, powerplants and ports present along its route. It will also help to boost trade and industry.

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