BHUBANESWAR: First waste to energy plant of Indian Railways has been commissioned at Carriage Repair Workshop, Mancheswar, of East Coast Railway (ECoR) here. It is fourth such plant in the country. “This is the first government of India initiative in waste to energy plant of such large scale. Here world class technology has been inducted to deal with garbage disposal. We have come up with this plant within three months,” said ECoR general manager Vidya Bhushan. This Rs 1.79 crore plant was inaugurated by Rajesh Agarwal, Railway Board member (Rolling Stock), on Wednesday night. The plant has a catalytic converter and it converts the waste materials into light diesel oil, gas, carbon powder and water through ‘Polycrack’ technology. The ECoR can sell light diesel oil, use gas and water in its workshop and make carbon powder into bricks. The best thing of this plant is it does not create any waste from this process. Gautam Dutta, chief mechanical engineer, … [Read more...] about Indian Railways’ first waste to energy plant commissioned
“In autos, we’ve had a prolonged slowdown already, but the call is whether it will recover sharply or not. Looking at this inventory situation, we may probably see a sales recovery because if there is a fire sale (or big discounting) what happens is that many buyers’ reschedule purchases and you’ll see a false uptick and immediately followed by sales decline,” Eleswarapu said. … [Read more...] about Falling sales add a new worry to corporates: Rising inventory
Santosh Joseph, Founder, Germinate WealthSolutions, a Bengaluru-based wealth management firm. Questions asked by investors:1. Are index funds a better option since they are low-cost? 2. Should we invest in ETFs? 3. Are mid and small cap index funds good for our portfolio? His response to his clients: Passive schemes are gaining traction after they proved their worth in the large cap segment in the last two years. We can debate about their long-term worth in the Indian market, but at the moment they are popular. The other reason for their popularity is their ‘low-cost’ structure. AMCs are also coming up with a lot of index funds and ETFs after they got acceptance in the market. However, all this doesn’t make index funds the best investment option. Index or passive funds may or may not beat the actively-managed funds in the long-term. Investors who are investing via SIPs in actively managed funds shouldn’t stop their SIPs. If you have a big corpus and you … [Read more...] about Are mid cap and small cap index mutual funds good for our portfolio?