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World Dynamic City 2019

The City Momentum Index of JLL which identifies World Dynamic Cities has been released by the property consultant JLL.

About the Index

The City Momentum Index of JLL measures momentum for 131 of the world’s most commercially active cities by tracking a range of socio-economic and commercial real estate indicators over a three-year period to identify the urban economies and real estate markets undergoing the most rapid expansion.

The Index measures short-term momentum over a three-year horizon and identifies urban economies and real estate markets which are currently undergoing significant rapid growth.

World Dynamic Cities 2019

The standings of the various cities under the 2019 survey are listed below:

Top 10 Cities

  • Silicon Valley of India, Bengaluru has emerged as the world’s most dynamic city among 131 major established and emerging business hubs globally.
  • The Second place is occupied by Hyderabad.
  • Other Indian cities which featured in the top 20 list are Delhi (4th), Pune (5th), Chennai (7th) and Kolkata (20th).
  • 19 of the top 20 cities from are from the Asia Pacific. This showcases the region’s rapid urbanisation and strong economic growth.

The Index notes that implementation of reforms such as RERA and GST with a focus on improving infrastructure and improving ease of doing business has brought in more transparency in the real estate sector and has given a strong impetus to the sector. As a result, India is receiving greater interest from foreign real estate investors who are seeking to tap into the countries favourable growth dynamics.

Month: Categories: International Current Affairs 2018UPSC Current Affairs - 2019

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Agreement for Renukaji dam multipurpose project Signed

The Agreement for the construction of Renukaji Dam Multi-Purpose Project was signed by six states, Haryana, Himachal Pradesh, Uttarakhand, Delhi, Rajasthan and Uttar Pradesh in the presence of Union Water Resources Minister Nitin Gadkari.

Features of the Project

The important features of the project are:

  • Renukaji Dam Multi-Purpose Project is a storage project on the Giri river which is tributary of the Yamuna at Sirmour district of Himachal.
  • A 148 m-high rock-filled dam would be constructed across the river Giri.
  • The project also involves the generation of 40 MW of power during peak flow to be executed by Himachal Pradesh Power Corporation Ltd (HPPCL).
  • The project would increase by the river flow about 110 per cent which will be used to meet the drinking water needs of Delhi and the other Yamuna basin states up to some extent in the lean period.
  • The share of stored water among the states will be as follows,  Haryana-47.8 per cent; Uttar Pradesh/ Uttarakhand-33.65 per cent; Himachal-3.15 per cent; Rajasthan-9.3 per cent and NCT of Delhi: 6.04 per cent.
  • The Central government will bear 90 per cent of the cost of irrigation/drinking water component, and the balance cost will be borne by the states.

Along with the Renukaji dam multipurpose project other two projects are planned in the Yamuna river basin, Lakhwar Project on the River Yamuna in Uttarakhand, Kisau Project on the River Tons in Uttarakhand and Himachal for the effective utilisation of the water resource.

Month: Categories: India Current Affairs 2018

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