The Union Cabinet, presided over by Prime Minister Narendra Modi, has given its approval to amend the Second Schedule of the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act) to specify royalty rates for three critical and strategic minerals: Lithium, Niobium, and Rare Earth Elements (REEs). A significant development occurred with the recent…
In a momentous visit to Pithoragarh, Uttarakhand, Prime Minister Narendra Modi laid the foundation stones and inaugurated several pivotal development projects collectively valued at approximately Rs. 4200 crore. These initiatives span various sectors, including rural development, road infrastructure, power, irrigation, drinking water supply, horticulture, education, health, and disaster management. Addressing the gathering, the Prime Minister…
In the fiscal year 2023-24, the Coal Ministry’s unwavering commitment to environmental preservation reached new heights as over 51 lakh saplings were planted, effectively bringing more than 2734 hectares of land under a lush green canopy. This achievement surpassed the initial target of 2400 hectares. Additionally, 372 hectares have been rejuvenated with grass cover, stabilising…
India’s economic landscape showcased notable shifts in trade dynamics for September 2023, with overall exports estimated at $63.84 billion, representing a slight downturn of -1.20% compared to the same period in 2022. Meanwhile, overall imports stood at $68.75 billion, reflecting a more pronounced decrease of -13.67% from September 2022. In terms of merchandise trade, September…
Union Minister for Road Transport and Highways, Nitin Gadkari, announced the successful completion of a significant infrastructure project in Jammu & Kashmir. The project involved the construction of a 250-meter, 2-lane viaduct, and a 395-meter, 2-lane Maroge Tunnel, with an estimated cost of ₹82 crore. This crucial infrastructure development is situated along the Ramban to…
Wave City, North India’s pioneering Hi-tech City, has unveiled the Oakwood Clubhouse, a haven of opulence and world-class amenities exclusively for its Veridia residents. This premier facility boasts an array of recreational and health amenities, fostering a vibrant community where residents can connect and socialize. Wave City spans across 4,200 acres and is situated adjacent…
In September 2023, the country’s coal output achieved a remarkable milestone with the production of 67.21 million tonnes (MT) of coal, surpassing last year’s figure of 58.04 MT for the same month. This represents a significant increase of 15.81%. Coal India Limited (CIL) contributed to this growth by producing 51.44 MT in September 2023, a…
Mahbubnagar, Telangana, October 1, 2023 – Prime Minister Narendra Modi laid the foundation stone and inaugurated several transformative projects worth more than Rs 13,500 crore in Mahbubnagar, Telangana. These projects spanned various sectors, including roads, railways, petroleum, natural gas, and higher education. During the event, the Prime Minister also launched a train service via video…
In September 2023, India’s gross Goods and Services Tax (GST) revenue soared to ₹1,62,712 crore, marking a remarkable 10% year-on-year growth. This achievement signifies the fourth instance in the fiscal year 2023-24 that GST collections have exceeded the ₹1.60 lakh crore threshold. This impressive performance in September was fueled by a breakdown of collections as…
Illicit trade, a multi-billion-dollar industry with severe economic, social, and environmental impacts, has been on the rise, particularly during economic downturns. Its effects are particularly detrimental to developing economies. Speaking at the 9th edition of FICCI CASCADE’s ‘MASCRADE 2023,’ Anurag Thakur, Minister for Information & Broadcasting and Youth Affairs & Sports, Government of India stressed…
