Given the drastic climate change and its cascading effect, UNFCCC’s Paris Agreement requires all countries to take climate action, to keep global warming well below 2°C by drastically reducing greenhouse gas emissions. Construction and operation of a building accounts for nearly 36% of the total global energy used, of which 39% of energy expended is related […]
According to a recent report by Global Industry Analyst, the global smart city market accounted for USD 955.3 billion in 2017 and is expected to reach USD 2,700 billion globally by 2024 with a CAGR of around 16% between 2018 and 2024. It is not only the accelerated growth and the resultant job creation/economic revival […]
In this update on Smart Cities, India, we bring to you the developments that have taken place over the last one year. Work in progress: After three years of implementation, projects under the Smart City program have been sluggish. As of March 2018, 92 cities had formed their Special Purpose Vehicles, the agency that carries […]
The International Monetary Fund (IMF), in its latest World Economic Outlook, has pared the global growth forecast from last October’s estimate. The global economy is now projected to grow 3.5% in 2019 and 3.6% in 2020, 0.2 and 0.1 percentage points below the last estimate. The projection is backed up by a list of downside […]
The GST Council on Sunday has finally come out with the decision that was long awaited by the real estate industry and prospective home buyers. It had, on last Wednesday, deferred the decision to consider a reduction in tax on under-construction houses to Sunday, 24th February. The Council announced its decision to slash the GST […]
With high expectations from 2018, it was anticipated that the teething problems around policy initiative introduced in 2017 (RERA and GST) would ease out by the end of the year, bringing a new order of transparency and efficiency. Belief was, while GST would provide an audit trail for better control and monitoring, RERA would ensure […]
Who would have thought that autonomous vehicles or driverless vehicles would exist, leave alone be a part of our everyday lives? With The Netherlands, China, Switzerland and California (US) testing self-driving public transportation options autonomous vehicles are likely to be a reality sooner than later. Offering a stress-free commute, end of parking hassles and freeing up […]
