Bhubaneswar: The Khurda Road-Balangir Rail Link Project (301 km) has reached a significant milestone with the breakthrough of a 700-meter-long escape tunnel within the 4,185-meter-long main tunnel in the Adhenigarh-Charichhak section, located under the deep reserve forest of the Madhapur Forest Range in Boudh District. This achievement was made possible by the dedicated efforts of…
Amjhar: In a remarkable display of community spirit and environmental consciousness, the residents of Amjhar Revenue Village in Bargarh District, Odisha, have joined hands to protect their local environment and the nearby Debrigarh Wildlife Sanctuary. This village, consisting of around 120 households and more than 400 residents under Attabira Tehsil, has committed to making their…
New Delhi: Presenting the Union Budget 2024-25, Union Minister of Finance and Corporate Affairs Nirmala Sitharaman emphasized the government’s commitment to supporting domestic manufacturing, enhancing local value addition, promoting export competitiveness, and simplifying taxation. The new Customs Duty rates are designed to cover a wide range of commodities, from life-saving medicines to rare earth minerals,…
New Delhi: Union Minister for Railways, Information and Broadcasting, and Electronics & IT, Ashwini Vaishnaw, today highlighted the resilience and robust footing of the Indian economy, attributing its strength to a combination of welfare measures, fiscal prudence, capital investment, and a focus on manufacturing. He emphasized that the budget presented by Finance Minister Nirmala Sitharaman…
New Delhi: In a decisive step towards advancing renewable energy, Finance Minister Nirmala Sitharaman announced significant measures to bolster solar energy and renewable resources. Key highlights include the expansion of exemptions for capital goods used in solar cell and panel manufacturing and the launch of the PM Suryaghar Muft Bijli Yojana, which aims to provide…
New Delhi: In a major push towards green mobility, the Ministry of Heavy Industries has announced the Electric Mobility Promotion Scheme (EMPS) – 2024 through a gazette notification (1334 E) dated March 13, 2024. The scheme, aimed at bolstering the electric vehicle (EV) manufacturing ecosystem in India, will run from April 1, 2024, to July…
New Delhi: In a significant move to benefit consumers, the Finance Minister announced a reduction in customs duty on mobile phones, mobile PCBAs, and mobile chargers to 15 per cent. This decision comes on the heels of a remarkable three-fold increase in domestic production and an almost 100-fold surge in mobile phone exports over the…
Patna: Bihar Chief Minister Nitish Kumar welcomed the special package from the Union government for infrastructure projects in the state. After Union Finance Minister Nirmala Sitharaman presented the Union Budget on Tuesday, the Chief Minister noted that though Bihar has not been granted special status, the Central government has begun providing special assistance to the state….
New Delhi: Amidst a global economy with a positive outlook yet political uncertainties, India’s economic growth continues to be robust with a low and stable inflation rate. The growth is expected to remain strong in the years ahead. The Indian Fisheries sector, termed the ‘sunrise sector’ of the Indian economy, has been experiencing the highest…
New Delhi: In the Union Budget 2024-25, the Ministry of Defence (MoD) has been allocated ₹6,21,940.85 crore (approx. $75 billion), the highest among all ministries. This allocation includes an additional ₹400 crore for the Acing Development of Innovative Technologies with iDEX (ADITI) scheme, aimed at fostering innovation in defence technology. Finance Minister Nirmala Sitharaman announced…
