Delhi ncr discussions – page 62 – skyscrapercity arkansas gas tax

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MUMBAI: Mumbai ranks 31st among 50 top metropolitan economic entities globally in 2015, as per latest data released by Oxford Economics. The unflattering news for Mumbaikars is that the city has ceded its position as economic capital of India to Delhi.

As per the latest analysis, the Mumbai extended urban agglomeration (EUA), consisting of Mumbai, Navi Mumbai, Thane, Vasai-Virar, Bhiwandi and Panvel, had a 2015 GDP of US $368 billion when seen in terms of purchasing power parity (PPP), using a 2012 PPP conversion rate of Rs 15.5 per dollar. Against this, the Delhi EUA, consisting of Delhi NCR, Gurgaon, Faridabad, Noida and Ghaziabad, had a GDP at PPP of $370 billion, taking it to 30th position in the global ranking. The definition of Mumbai makes it roughly correspond to the Mumbai metropolitan region (MMR), while Delhi EUA is smaller than the National Capital Region (NCR).

"Perhaps, what makes Delhi NCR more buoyant and inspirational than Mumbai may be attributed to massive spatial consolidation and contentedness that have emanated from synchronisation between state and business, in particular in locating industry decisions," he said.

Sangita Kamdar, a professor in economics, confirmed that Delhi had overtaken Mumbai. "Business is attracted more towards Delhi as they prefer to be closer to the national government for clearances. But more important is the availability of infrastructural facilities which affect the cost of doing business," she said.

"Unless Mumbai, as a space, sees society, state and business creatively collaborating to create a massive leapfrogging in physical infrastructure such as integrated transport and social infrastructure such as socialisation spaces and universities to meet the expectation of burgeoning youth, the divide between growing Delhi NCR and slowly growing or stagnant Mumbai will widen unabated," he said.

Maharashtra chief minister Devendra Fadnavis rejected the notion that Delhi’s GDP has gone ahead of Mumbai. "I want to challenge these figures. From figures of the Reserve Bank of India, Economic Survey of India and Maharashtra, it is evident that Mumbai is ahead in terms of GDP and financial status. The MMR GDP is higher," he said.

Pankaj Kapoor, managing director, Liases Foras, a real estate research agency, said the comparison was unfair to Mumbai as there is no parity of geographical area. "The Delhi entity considered is nearly three times the corresponding Mumbai entity in area. If one simply looks at economic concentration in a given area, it is higher for Mumbai. But it is also true that Mumbai’s inefficiency in terms of infrastructure and real estate cost is driving business away. This should serve as a wake-up call," he said.

Fadnavis said his government was framing policies to unlock land so that it becomes affordable. Also, infrastructure projects such as the Mumbai trans-harbour link would open up the hinterland. The government, he said, had worked towards creating a conducive atmosphere for attracting investments to the state.

New Yorkers do it, so do Parisiens and Delhiites are slowly beginning to hop on to their bicycles in style, getting addicted to what is being touted as ‘gym on wheels’. The fast mushrooming of cycling groups across the Capital are just a growing indicator of the ascending popularity of the sport.

Says Mohammed Siraj of TV Cycle of India (which has a cycle store in Delhi) and also facilitates cycling groups and regularly organises tours across the city: “Our last cycle tour was this past Sunday where we took our participants for a two hour trip around Central Delhi. For our members information about an upcoming trip is posted on our Facebook along the route and the halt stops. We have members in the age-group of 15 to 70 years.”

Speaking about her initiation and love for the sport, bicycle rider for the past one year Anita Punjabi, member of Delhi Cyclists, says: “I was initiated into the sport by a friend and have been cycling for a year now. This is great sport and it is fun to connect with people who share the hobby. Most cycle groups use the early morning time 4-30 a.m. onwards when Delhi roads are relatively empty to indulge in the sport. Central Delhi is the most preferred stretch because of the wide roads and greenery. The only problem that we face is the menace of stray dogs and erratic traffic.”

Ms. Punjabi, a teacher at Lotus Valley International, adds: “There aren’t many women who are regulars but their numbers are slowly going up. Also we feel that while the government has brought in lanes dedicated for bicycle users, people here don’t adhere to the rules, which makes cycle riding a bit more difficult here.” Centre for Science and Environment executive director research and advocacy Anumita Roychowdhury speaking about the need for popularising cycle use says: “There is an urgent need of non-motorised transport to reduce pollution which will also help improve the overall public health in a city.”

India’s capital and its financial capital — New Delhi and Mumbai — finished in the bottom 10 in a list of the world’s most expensive cities to live in. Kathmandu has been declared the third-most expensive city in South Asia, higher than New Delhi, Mumbai, Bangalore and Karachi, according to a report by The Economist Group. The capital city of Nepal was ranked 116th. The report was prepared by the Economist Intelligence Unit, the research and analysis division of The Economist Group. While last year it was 118, it moved up the list this year, sharing its position with Johannesburg, South Africa’s biggest city.

The survey was conducted by making a comparison between 400 individual prices of 160 goods and services. These goods and services factored in included, food and drinks, clothing, home supplies and personal care, rent, transport, utility bills, schooling, domestic help and finally entertainment and recreational expenditures. The total number of cities surveyed were 133. Results of the survey are most often used by HR managers as metric while offering pay packages for overseas jobs.