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Suggestions invited on the proposed Parking Policy for the city of Mumbai

Suggestions invited on the proposed Parking Policy for the city of Mumbai
Start Date :
Sep 19, 2014
Last Date :
Sep 30, 2015
00:00 AM IST (GMT +5.30 Hrs)
Submission Closed

The vibrant city of Mumbai, home to over 12 Million people, is the financial capital of the country. In order to improve the quality of life, Municipal Corporation of Greater ...

The vibrant city of Mumbai, home to over 12 Million people, is the financial capital of the country. In order to improve the quality of life, Municipal Corporation of Greater Mumbai (MCGM) wishes to improve the basic infrastructure.The city has seen a significant increase in the private vehicles over last few years. It has become increasingly difficult for citizens to find public parking places while they are on the move. In order to ease the parking woes of the citizens, MCGM proposes to adopt and implement a new parking policy. The new parking policy elaborates on-street parking (residential parking, parking near schools, and parking for tourist places) and off-street parking. Moreover, MCGM also envisages web based parking to be implemented and issue receipts using hand held devices.

As a pilot project, it is proposed to implement the parking policy in ‘A’ ward after receiving the necessary approvals.

Suggestions are invited from the public at large for improvement of the proposed policy.

The draft policy can be seen here: https://mygov.in/frontendgeneral/pdf/parking-policy-20122014.pdf

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Showing 937 Submission(s)
Harsha Aggarwal
Harsha Aggarwal 11 years 6 months ago
I think 2015 will be a great year for us Indians and Prime Minister Modi and his cabinet will lead the way for us all. I hope we try to present as many bills as possible for approval to the Upper house, and if they are rejected, hopefully 6 months later (if feasible), a joint session can approve them all??? Thank you Prime Minister Modi for all that you do. :)
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Harsha Aggarwal
Harsha Aggarwal 11 years 6 months ago
rises, GST hopefully gets rolled out soon and increases revenue further, and promotes savings at high deposit rates. Then the banks also have more funds to lend properly. At worst, the Gov't may have to borrow domestically but that's a better problem than a currency crisis. Also continued state asset sales to no less than 51% would be a great source of capital as the current administration knows much better than me. Thank you Prime Minister Modi and your cabinet for all that you do.
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Harsha Aggarwal
Harsha Aggarwal 11 years 6 months ago
I don't have enough data but if we could engage Russia in a Rupee/Rouble currency swap and use roubles to buy Oil/Gold, that could have an enormous positive effect on CAD and GDP. Then with high interest rates, FDI still comes, and if the Gov't borrows from banks at cheap rates and lends cheaply to industry for specific projects, then maybe the economy still grows without RBI lowering rates. Hopefully then Forex reserves continue to rise as we need at least 5 times the current figure, GDP....
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Harsha Aggarwal
Harsha Aggarwal 11 years 6 months ago
...deficit may increase due to domestic borrowing. That's a much better problem to have than the other scenario I was concerned with. Today we can see a Russia, which has more reserves than us, rich in oil and natural resources, a much smaller population having a hard time dealing with sanctions, lack of access to capital markets or capital. If India's rates dropped, our situation could also worsen quickly. But prudent fiscal spending..may be the best answer at the current time?
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Harsha Aggarwal
Harsha Aggarwal 11 years 6 months ago
....the States and still attract FDI. Also, as our central Gov't has the lowest borrowing cost in India, perhaps the Gov't could borrow at the lowest rate and directly lend funds to the private sector for promoting projects (employment etc) that directly contribute to Gov't initiatives (make in India, Bottom of the Pyramid programs, wireless etc). So Private sector gets cheaper funds, RBI doesn't lower rates, FDI still comes, and forex reserves may still increase further. Only the Fiscal....
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Harsha Aggarwal
Harsha Aggarwal 11 years 6 months ago
...I think that may be the best way to go. So far we've seen industry and Gov't interests in lowering interest rates at a time when the US is considering raising them. My concern is that a rising US rate coupled with India reducing its rate will result in a capital flight, weakening rupee, larger CAD, lower GDP, lower reserves and a potential financial crisis. Alternatively, if we keep our rates high, where they are or higher to fight inflation, we could still have a higher real yield than.....
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Harsha Aggarwal
Harsha Aggarwal 11 years 6 months ago
Good evening; following my last thoughts on how parking policy may be enhanced to not only increase revenue but simultaneously potentially lessen traffic density, I think this is one step that Prime Minister Modi and his cabinet could possibly take to lesson the pressure on the budget. However, I'm no expert. Still at a macro level, I believe that if we may find some way to fix our CAD, increase domestic savings, attract foreign funds and use aggressive fiscal policy to drive growth,...
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