A China-led effort to launch the Asian Infrastructure Investment Bank has attracted the interest of 21 countries, Beijing's Ministry of Finance said on Sunday. Representatives from South Korea, Thailand, Indonesia and Singapore participated in meetings held on Saturday in the Chinese capital to discuss the plan. Read more from Reuters
China will promote the application of satellite earth observation technologies to better serve the economy. China has already built a network of satellites and other Read more via ECNSfor earth observation in pursuing its space programs including manned space navigation, lunar probe and Beidou navigation system, but officials said much remains to be done in the actual application of the technology. The administration will promote the construction of a high-definition earth observation system and data infrastructure.
The third satellite in the Indian Regional Navigation Satellite System (IRNSS) will be launched in October, according to the Indian Space Research Organisation (Isro). The launch window will open in the first week of October, said an Isro spokesperson. This is the window during which conditions are opimal for the satellite to reach the right orbit. Read more via Live Mint
The Uttar Pradesh geology and mining department has mooted the idea of using satellite mapping and remote sensing techniques to tackle the menace of illegal mining in the state. In its proposal to the state government, the department has sought approval to use the Geographic Information System (GIS) technique in Mirzapur district as a pilot project to judge the efficacy of the remote sensing technology to curb illegal mining. Read more via Business Standard
Land surveys have proven a powerful maeans to both raise funds by certifying property, it has also resulted in fewer disputes by verifying land ownership. Ten villages in the recent survey generated Rs 2.33 lakh and also promise to reduce the illegal requisitioning of lands. District courts welcome this measure as 70 percent of cases deal with land requistion disputes.
Esri, a market leader in geographic information system (GIS) mapping technology, sees a big opportunity in India as Narendra Modi-led government embarks on its plan to develop 100 smart cities on the lines of developed countries. While the US giant hopes to expand its operations in both public and private sectors, it believes that GIS technology and applications can help at every stage of development — planning, designing, decision making, network analysis and monitoring to create better infrastructure, modern residential colonies, 24*7 power and water distribution, organised law enforcement, eco-friendly industrial development, intelligent traffic management, effective water conservation and disaster management and quality health facilities. Read more via The Times of India.
After facing huge criticism for the city's encroachments, the Municipal Corporation is now struck with the idea of keeping a check on encroachments on its properties with the help of technology. Geographic Information System (GIS) is what the civic body will use to keep an eye on encroachments in the city. Read more in The Times of India
Andhra Pradesh Chief Minister N Chandrababu Naidu today sought cooperation of Australia in helping the state government build infrastructure projects and strengthen roads and drainage networks. A delegation led by Lord Mayor of Brisbane Graham Quirk met Naidu at the CM's Camp Office where the latter explained the "huge" investment potential in the state. Read more via The Economic Times
China is pressing Australia to sign on to its proposed special Asian infrastructure bank as early as next month, creating a dilemma for the federal government over whether this is the best way to fill the regional infrastructure deficit. China is understood to have won the support of about 20 countries for the bank, which would be started with $50 billion in capital from founding members. Read more in Financial Review
India is one of the largest developing countries in the world, but problems with poor infrastructure have long hampered its development. In recent years, Chinese companies have been widely involved in construction projects in India, accelerating the infrastructure revolution. Read more in CRI ENGLISH
Smart cities, a concept which has been in use in the western counties like Sweden for about three decades or more, may become a reality if pronouncements of Prime Minister Narendra Modi to set up 100 smart cities are executed. Of all the urban centres and towns in the country, Bangalore is being considered as the city with all the ingredients to develop into a Smart City. But, to accomplish this deal, it needs mammoth funding, sustainable solutions and enormous political will. Read more in The Business Standard