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                                              High Speed Train in Gulf                                                                                                                   Budget Airlines, Profitable

               Velocity of high speed trains connecting holy cities of Mecca and Madeena has been raised to 300Km per hour.  Travel time has been reduced  to 2 hours.

Earlier the high speed train used to take more than 3 hours.  Before the introduction of high speed trains, passengers had to travel about 500 km by road and this would take more than 6 hours.

The speed increase comes as part of the railways operational plans after  completing experimental and safety operations.

The railway would operate services at a speed of 300km per hour between the stations of King Abdulla Economic city in Rabigh and Madeena.

This will reduce traveling time  between the new King Abdulaziz International Airport station in Jeddah and Madeena to around 2 hours while the trip between Mecca and Madeena will take around 2 hours and 45 minutes.  High speed railway is the largest and the fastest railway system in the Middle East region.

A mock Future City

                 A mock Future City was set up at The Village International  School, Thodupuzha, in association with Finland-based educational firm  Venture Village and the University of Helsinki.  Students were imparted instruction on two modules - Future city which focused on the digital economy and Green City on waste management.  They were equipped to handle salaries, pay taxes, cast votes, and undertake public services through games and dynamic activities.  Students were made to carry out financial transactions in tune with government norms and their expenditure and taxes were presented on big screen.

               Low-cost carrier IndiGo reported a steep rise in profit after tax to Rs.496crore for the quarter ended December, 2019, almost three times the profit after tax of Rs.185.2crore recorded in the year-earlier period. 

The airline’s   total income surged by a robust 25.5%Rs.10,330.2crore in the latest December quarter from the Rs.8,229.3crore in the corresponding  period a year ago.   

Passenger ticket revenue stood at Rs.8,770.30crore, an increase of 24.1%  year over year, while the ancillary revenue during the quarter stood at Rs.1,037.30crore, registering a growth  of 28.8% over the year ago period.

Cochin Metro  for alternative revenue

             The spiralling of Kochi Metro's net loss from Rs.167crore in 2017-18 to Rs.281crore in 2018-19 has set officials of Kochi Metro Rail Limited scouting for avenues to increase non-fair-box collection.

According to Metro sources, the 32% increase in daily passenger patronage in 2019 as compared to 2018.  The opening of 5.5kilometres long Maharajas college -Thykoodam  extension, is in itself a sign that ridership and subsequently income would increase with every extension. The over one kilometer extension to Pettah  and the Metro’s further 1,5kilometre extension to SN junction in Thripunithura will further increase the footfall.

The ridership was well short of the 2.75lakh mentioned in the metro’s detailed project report.  The ridership in 2019 was 88,83,184 till September 3.  It was 77,14,836 from September 4 to December 30.