Global demand for carbon credits, especially in Europe for economic reasons, has been declining since 2010

With the prices sliding of Certified Emission Reduction (CER) certificates traded on the international exchange, Indian companies holding the credits are bracing for tough times. Brokers trading in CERs have started to downsize their carbon desk and the ones holding these are looking for buyers. “The demand for CERs is low, which saw the prices slide. Aggregators of credits and the intermediaries, have started feeling the heat.

New Delhi: Delhi Metro has again drawn the ire of environmentalists over construction of a bridge parallel to the existing Nizamuddin Bridge.

As the construction of the first Monorail enters its final stages, the development authority implementing the project is in talks to invite the operator of Singapore’s mass transit system to conduct a safety audit of the line due to unavailability of expertise in India.

The Mumbai Metropolitan Region Development Authority (MMRDA) has received positive responses from Singapore’s SMRT Corp and Hong Kong’s MRT Corp to conduct an independent safety audit of the 9-kilometre Chembur-Wadala line.

JAIPUR: The Delhi Metro Rail Corporation's (DMRC) proposal of operating and maintaining of the Jaipur Metro for one year after completion of the project may not be accepted by the Jaipur Metro Rail Corporation (JMRC). To operate the Jaipur Metro under the surveillance of experts, the DMRC has proposed that JMRC should take over after one year when the new staff is well-versed with the operations and maintenance.

However, JMRC chief managing director N C Goyal says, "We are confident of handling operation and maintenance from day one. As some day we have to take the responsibility, it's better to take it from the start." He added, "The option of DMRC assistance and expertise is always available."

A decade has gone since the first line of metro started in Delhi in 2002. Despite its expansion across the city in the past 10 years neither pollution nor congestion levels have gone down as claimed by its advocates. An analysis of the revenue generated by the Delhi Metro Rail Corporation through property development and the rise of property prices adjacent to metro routes and stations suggests that the metro is entangled with the larger process of gentrification in the city.

Jaipur: Those development projects which came to a halt for want of bajari (sand) will be anxiously looking forward to the Supreme Court decision on Monday as there is a desperate need to resume the work soon to meet the deadline.

The Supreme Court has fixed the hearing for Monday after a team of officials from the Jaipur Metro Rail Corporation (JMRC) and the Jaipur Development Authority filed a special leave petition (SLP) in the Supreme Court, following a Rajasthan High Court order against mining sand from the Banas river.

New Delhi: Brace for major traffic snarls on Ring Road, ITO and Mathura Road for the next two years.

New Delhi: After objecting to the monorail system, Delhi Metro Rail Corporation (DMRC) is now planning to build one it seems.

A new book about the Delhi Metro Rail Corporation (DMRC) has given the credit of the corporation's success to its former director E Sreedharan, who according to the book, executed projects well in

Japan International Cooperation Agency, which funded Phase I and II of the Delhi Metro rail network, signed an agreement with India on Thursday for providing Rs.7,922 crore as soft loan for construction of Delhi Metro's Phase III that would add another 103 km to the network.

The agreement was signed between JICA, the official donor agency of the Government of Japan, and the Union Finance Ministry here.

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