Navratna status has been granted to Rail Vikas Nigam Limited (RVNL). A Ministry of Railways-owned Central Public Sector Enterprise, RVNL was established on January 24, 2003, with the aim of implementing projects that enhance the rail infrastructure’s capabilities and raise additional budgetary resources for SPV projects. The company received Mini-Ratna status in September 2013, with…
Jawaharlal Nehru Port Authority (JNPA), India’s leading container port, has accomplished an outstanding turnaround time (TAT) of just 22 hours, equivalent to 0.9 days, according to the Logistics Performance Index (LPI) Report 2023 published by the World Bank. JNPA’s TAT places India among the top performers globally, following its record-breaking handling performance in the previous…
Sarbananda Sonowal, the Union Minister of Ports, Shipping & Waterways and Ayush, recently inspected the progress of India’s first International Multimodal Logistics Park situated in Jogighopa, Assam. The Minister announced that the jetty at the park is expected to be completed within this year, which will add to the direct connectivity provided by the park…
NTPC, the largest integrated power producer in India, reported a significant increase in coal production from its captive mines in April 2023, with a growth rate of 148% compared to the production in April 2022. The company produced 2.75 million metric tonnes (MMT) of coal in April 2023, compared to 1.11 MMT in April 2022….
Nitin Gadkari, the Union Minister for Road Transport and Highways, led the 10th Meeting of the Transport Ministers of the Shanghai Cooperation Organization (SCO) in New Delhi. The SCO comprises eight member states, including India, China, Kazakhstan, Kyrgyzstan, Russia, Pakistan, Tajikistan, and Uzbekistan. During the meeting, member states discussed the importance of collaborating on research…
The Prime Minister of India, Narendra Modi, has acknowledged the achievements of the Regional Connectivity Scheme (RCS) Udan, which completed six years since its launch in 2017. In a response to a tweet by the Ministry of Civil Aviation, Modi lauded the game-changing impact of Udan, which has connected 473 routes and 74 operational airports,…
Real estate developer Ashiana Housing has achieved a remarkable feat by selling out all 224 units of its newly launched Ashiana Amarah Phase 2 project in just three days. The real estate developer, based in New Delhi and listed on the NSE and BSE, announced the sell-out of the kid-centric project located in Gurgaon’s Sector…
According to a report by CII-ANAROCK titled “The Housing Market Boom,” 45% of property seekers in NCR and 32% in MMR are inclined to purchase 3BHKs. The report revealed that 52% of participating property investors were millennials, highlighting that millennials continue to drive housing demand. The end-user-investor ratio stands at 71:29, and over 77% of…
Over the past 18 months, a whopping Rs. 5.14 trillion worth of projects have been assessed as part of the PM Gati Shakti program. This initiative was introduced in October 2021 with the goal of promoting comprehensive planning across various departments and ministries in India. By improving the efficiency of logistics and enhancing multi-modal connectivity,…
Prime Minister Mega Integrated Textile Sector and Apparel (PM Mitra) Park in Lucknow and Hardoi will help generate employment opportunities for the skilled manpower of Uttar Pradesh. This was stated by Piyush Goyal, Union Minister of Textiles, Consumer Affairs, Food and Public Distribution and Commerce and Industry during a programme of launch and signing of…
