logo
25 loco pilots from ER and SER set to steer city Metro from July

25 loco pilots from ER and SER set to steer city Metro from July

Time of India19-06-2025
1
2
3
Kolkata: Metro Railway, which was reeling under an acute staff shortage, especially drivers, will be getting around 25 new motormen July onwards. Even as new lines are being added, motormen were borrowed from North-South Metro, which was already functioning with a huge personnel deficit.
"Metro Railway will be getting new crew members from South-Eastern and Eastern Railway from July onwards. Initially, around 20 to 25 motormen will join to fill the vacancies. More personnel will be added gradually," a senior Metro Railway official said. Metro Railway, which runs the city's 61km rapid transit network, is set to add the 7 km Noapara-Airport (Yellow line) soon. East-West Metro (Green line) also completed its last 2.5 km leg, which will make the entire 16.6 km operational as a continuous corridor from Sector V to Howrah Maidan.
The one lakh daily ridership of the disjointed Green line is expected soar to around seven lakhs passengers every day when the entire line opens up.
Under the circumstances, Metro needs more motormen immediately. The Railway Board has approved transferring loco pilots (as drivers are called in railways) from SER and ER to
Kolkata Metro
on the condition that only assistant loco pilots are transferred. "Both SER and ER have shortages of loco pilots.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Trade Bitcoin & Ethereum – No Wallet Needed!
IC Markets
Start Now
Undo
Therefore, we have asked for assistant loco pilots (ALPs), who will sit on the other side of the rake, while the more experienced motorman drives the train. This way, the ALPs can learn on the job," a Metro official said.
When the ALPs join, those functioning as the second motormen will move to take positions as the main motorman (as they are called in Metro). "The scheme has been worked out for optimum utilisation of manpower," the officer said. The last time Metro recruited directly through the Railway Recruitment Board (RRB) was in 2010. In 2012, prodded by the Railway Board, the joint procedure order (JPO) was inked for lateral transfers of motormen.
The crisis was less obvious before Jan 2020, when Kolkata only had the North-South Metro (New Garia-Noapara or the Blue Line).
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Cryptocurrency Live News & Updates : Dow Jones Gains as Fed Holds Rates Steady
Cryptocurrency Live News & Updates : Dow Jones Gains as Fed Holds Rates Steady

Time of India

time2 hours ago

  • Time of India

Cryptocurrency Live News & Updates : Dow Jones Gains as Fed Holds Rates Steady

30 Jul 2025 | 11:55:13 PM IST The Dow Jones and other major U.S. indices rose after the Fed decided to keep interest rates unchanged at 4.25% to 4.50%, despite a split vote and pressure from Trump for a rate cut. In the latest market developments, the Dow Jones and other major U.S. stock indices saw slight gains following the Federal Reserve's decision to maintain interest rates amid ongoing trade policy concerns. The Fed's split vote highlighted differing opinions on rate cuts, with some members advocating for a reduction. Meanwhile, in the cryptocurrency space, smart money is increasingly betting on Ethereum, with significant institutional backing and a potential spot ETF on the horizon. Solana and emerging tokens like BONK and SKY are also gaining attention as investors diversify their portfolios. Shiba Inu has shown renewed momentum, but the rising Pepeto memecoin is capturing investor interest with its unique infrastructure. Analysts are optimistic about Ethereum's potential to reach $10,000 by 2025, driven by institutional adoption and significant inflows into Ethereum ETFs. Additionally, Dogecoin is poised for a breakout, supported by bullish technical patterns and the possibility of a spot DOGE ETF approval. Overall, the financial landscape is marked by cautious optimism as traditional markets and cryptocurrencies navigate through evolving economic conditions. Show more

Crypto gets stability with a GENIUS Act
Crypto gets stability with a GENIUS Act

Hindustan Times

time8 hours ago

  • Hindustan Times

Crypto gets stability with a GENIUS Act

Last month, I met two Lebanese women at a conference overseas. They were accompanying their businessmen husbands. We got talking and I found that they keep their money mostly abroad or in dollars and euros in cash at home. In 2019, the Lebanese government froze bank accounts, effectively locking over $93 billion of citizens' money and making it inaccessible. Therefore, when I read that the US has given stablecoins a formal legal backbone, it seemed that a giant step has been taken in legitimising a particular form of crypto currencies that finally have a use case, especially for people in countries with unstable governments and those with hyper-inflation. Let's get the basics out of the way first. A cryptocurrency is a specific type of digital token that is designed to function as a medium of exchange or store of value using blockchain to record transactions. Bitcoin is the most well-known example. Cryptocurrencies have two major problems. One, there is no underlying asset. Remember that a fiat currency has the promise of the government to honour the value as an underlying asset. Stocks have businesses and bonds have a loan contract as underlying assets with a value. But cryptocurrencies have no asset or promise that gives them value. Two, there are no rules of the game as these have been outside the regulatory gaze. This has encouraged all kinds of frauds to perpetuate. Over half the cryptocurrencies have failed since 2021, with billions of dollars lost by people gambling on a quick return. The emergence of stablecoins over the past few years solved the first problem. A stablecoin is a type of cryptocurrency that has an underlying asset — typically the dollar or a US government bond. The second problem is bad faith actors, like exchanges and issuers of these coins who can either embezzle customer money (like FTX did) or simply not buy the required asset causing an asset liability mismatch in the future. In the absence of road rules, the market has been the Wild West revisited. The GENIUS Act that US President Donald Trump signed into law on July 18, 2025, attempts to put down some rules of the game. It mainly solves for customer protection through three key provisions. One, stablecoin issuers must have a 100% reserve backing with liquid assets (like US dollars or short-term treasuries). Two, they must make monthly public disclosures about their reserves. Three, they are forbidden from making misleading claims that their stablecoins are backed by the US government or are federally insured or are legal tender. A privately issued stablecoin is not a fiat currency. So, what's the use-case? The Lebanese women I met might be among the first to begin using a dollar-backed stablecoin to hold their money because they no longer trust banks in their own country. They might not know it today, but in a year, they will be using some form of a stablecoin to keep their money safe in their home country. Expand this story to countries with weak governance, weak macros, hyper-inflation, dictatorships, and persistent political instability, and you see a huge market for a trusted stablecoin. While distressed-country use of stablecoins will be the first large customer base, a widening ripple will be in international money transfers and remittances. Personal international remittances are a $740 billion a year flow. Business flows are a multiple of this. These are expensive given the global average cost for retail of sending remittances is just over 6% as of March 2025. While this is the average, in some places, the costs can be as high as 20% for small amounts. When the time taken to do the paperwork is included, the costs of using banks and other safe ways to transfer money abroad are very large. A trusted, low-cost stablecoin issuer backed either by the dollar or US government bonds will slowly replace other ways of moving money across borders. Safety, trust and cost will be the three variables that will make regular remitters change over to the use of stablecoins over time. So, will banks lose all this business? I'm going to make some predictions here. I see some banks and other trusted names in global finance using their trust to set up global payment systems based on a stablecoin framework. They will either buy out the existing players — Tether being the largest today — or issue their own coin with their own branding. Banks that are forward looking will do it fast and though it will cut their margins, they will at least still be in the game. I also see the demand for the dollar and US government bonds stabilise over time as the US asset-backed coins gain acceptance reinforcing the dollar-first global payment system. It will be imperative in the first few years that there are no major blowouts of a global stablecoin issuer. What does it mean for you and me? At the moment — nothing. India is not a country that is at risk of hyper-inflation. Nor will private assets be frozen unless there is a drastic change in the political viewpoint where private assets are at risk of being shared for a more 'equal' country. Our use case for stablecoins will be purely cheaper and faster remittances and not as a distress store of value. And even then, the use-case is only after a trusted name has proven its track record over time. I would not rush into using it just yet. Should you invest in these stablecoins? Unless you invest today in the foreign exchange markets, there is no justification to do so in a stablecoin. We need to understand that the global financial system is changing. As tiny retail users, we should wait for the rules of the game to settle down before we enter this digital financial superhighway. Monika Halan is the best-selling author of the Let's Talk series of books on money. The views are personal.

Shiba Inu (SHIB), Dogecoin (DOGE), Little Pepe (LILPEPE): Here's what $100 in each could be worth by the time bitcoin hits $200,000
Shiba Inu (SHIB), Dogecoin (DOGE), Little Pepe (LILPEPE): Here's what $100 in each could be worth by the time bitcoin hits $200,000

Time of India

time9 hours ago

  • Time of India

Shiba Inu (SHIB), Dogecoin (DOGE), Little Pepe (LILPEPE): Here's what $100 in each could be worth by the time bitcoin hits $200,000

As Bitcoin approaches $200,000, which some analysts anticipate will happen in the next bull cycle, crypto investors seek altcoins with life-changing profits. Shiba Inu (SHIB), Dogecoin (DOGE), and Little Pepe (LILPEPE), an EVM Layer 2 meme chain that has received over $11.4 million in presale, are among the most talked-about prospects. Investors wonder what $100 invested now will be worth when Bitcoin reaches $200,000 with LILPEPE priced at $0.0017 in Stage 8 of its presale. Shiba Inu (SHIB): Can $100 Return 4 Figures? The Ethereum-based meme coin Shiba Inu still has a market valuation of $8.8 billion. With approximately 589 trillion tokens in circulation and a price of $0.00001507, SHIB relies on community strength, token burning, and interaction with the Shibarium Layer 2 ecosystem for growth. SHIB may return to $0.00008 if Bitcoin reaches $200,000, which usually triggers altcoin rallies. Investing $100 today would net over $530. However, while SHIB remains a staple in the meme coin category, its potential for truly exponential gains may be limited by its already-enormous supply and market cap. Most analysts see SHIB as a safer long-term meme coin, but it is not necessarily the highest flyer. Dogecoin (DOGE): A $100 Bet on Meme Coin Royalty Dogecoin remains the king of meme coins by market capitalization, at over $39 billion. DOGE is trading around $0.2614, well below its all-time high of $0.73, and continues to benefit from name recognition, Elon Musk's occasional tweets, and broad merchant adoption. If Bitcoin climbs to $200,000, many anticipate a broad meme coin revival, with DOGE potentially pushing back toward or surpassing its all-time high. In such a scenario, moving from $0.26 to $0.70 would double your money. A $100 investment today could return approximately $268 if DOGE hits $0.70 again, and over $350 if it breaks into price discovery. But again, much of Dogecoin's upside may already be priced in due to its mature market cap and slower percentage growth compared to emerging tokens. Little Pepe (LILPEPE): The $100 Moonshot Investment Under $0.002 The wild card, potentially the most explosive opportunity, is Little Pepe (LILPEPE), currently in Stage 8 of its presale at just $0.0017 per token. With $11.49 million raised and over 8.4 billion tokens sold so far, LILPEPE is proving to be the meme coin everyone's whispering about before it goes mainstream. Unlike SHIB and DOGE, LILPEPE isn't just a meme. It's launching its EVM-compatible Layer 2 blockchain, explicitly built for meme tokens and viral projects. The Little Pepe Chain aims to solve high gas fees and sniper bot abuse with custom anti-sniping tech, making it one of the most utility-driven meme coins. It is also the only meme coin to natively integrate a launchpad for other meme projects, reinforcing its place as a chain rather than just a token. The coin is already listed on CoinMarketCap, even before its DEX or CEX launch, and is expected to go live at $0.003, nearly double the current presale price. That means early investors are already looking at 76% gains before it even hits the open market. Suppose the coin hits its long-term community-backed target of $2 by early 2026, a $100 investment today would net 58,823 LILPEPE tokens. At $2 per token, that would be worth a staggering $117,646. Even a modest climb to $0.20, just one-tenth of the long-term goal, would turn $100 into $11,764. Bitcoin at $200K: What Could Your $100 Be Worth in Each? Let's run the projections side-by-side, assuming Bitcoin hits $200,000: $100 in SHIB: $530 if SHIB returns to $0.00008 $100 in DOGE: $268–$350 if DOGE hits or surpasses its ATH $100 in LILPEPE: $11,764 at $0.20; $117,646 at $2 LILPEPE offers the highest upside potential, driven by low entry cost, innovative tech, strong presale momentum, and a community that mirrors early SHIB and DOGE energy, but with far more infrastructure and purpose-built in. Conclusion: The Smartest $100 You Could Spend in the Meme Market? SHIB and DOGE are household names, and there's nothing wrong with safe bets. But if you're after aggressive growth potential, the kind that could turn a micro-investment into five or six figures, Little Pepe (LILPEPE) is in a class of its own. Its Layer 2 capabilities, upcoming launch, anti-sniping protections, and meme-native ecosystem make it a standout performer in 2025's meme coin space. With the next presale price increasing to $0.0018, now might be the best time to get in before the next wave of buyers pushes it closer to its listing price, and potentially toward $2 in the coming bull run. Don't miss the presale, buy LILPEPE now at and join the meme coin revolution before it rockets past the moon. For more information about Little Pepe (LILPEPE) visit the links below: Website: Whitepaper: Telegram: Twitter/X:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store