The National Highways Authority of India (NHAI) is set to introduce advanced ‘Rajmarg Saathi’ route patrolling vehicles (RPVs) to enhance safety on highways. According to an official statement, these new RPVs will be equipped with cutting-edge features, including ‘AI video analytics’ to capture and identify road issues such as cracks, potholes, and other infrastructure elements….
Vedanta Group Chairman Anil Agarwal announced the company’s ambitious plan to invest ₹1 lakh crore in Rajasthan over the next 2-3 years. This investment will focus on enhancing the production capacity of its businesses in the state, generating significant economic growth and creating 1 lakh additional employment opportunities. Vedanta’s subsidiary, Hindustan Zinc, currently produces 1…
India has placed a fresh order for 100 Airbus aircraft, reinforcing its commitment to fleet expansion amid growing passenger demand. The order includes 10 wide-body A350s and 90 narrow-body A320 family jets, such as the A321neo, the airline announced on Monday. This latest acquisition brings Air India’s total order with Airbus to 350 aircraft, up…
DME Development Limited (DMEDL), a wholly-owned subsidiary of the National Highways Authority of India (NHAI), has raised ₹775 crore through the maiden issuance of green bonds in the roads and highways sector. This milestone marks a pioneering step towards integrating sustainable practices with infrastructure development. The green bond issue, conducted via a close bidding system,…
India’s foreign exchange reserves increased by $1.51 billion to $658.091 billion for the week ending November 29, as per the data shared by the Reserve Bank of India (RBI). In the previous week, the reserves had declined by $1.31 billion, bringing the total to $656.582 billion. Earlier in November, the reserves saw a sharp drop…
The Reserve Bank of India (RBI) has significantly revised the GDP growth projection for the current fiscal year to 6.6%, down from its earlier estimate of 7.2%. At the same time, the central bank raised the inflation forecast to 4.8%, citing a slowdown in economic activity and persistent food price pressures. India’s GDP growth slumped…
India leads in Key Indicators: AI, FTTH Subscriptions, and Mobile Broadband Traffic. India has made significant strides in the global digital landscape, climbing 11 spots to rank 49th in the Network Readiness Index (NRI) 2024, compared to its 60th position in 2023. Released on November 21, 2024, by the Portulans Institute, a Washington DC-based non-profit…
The Permanent Account Number (PAN) has been a cornerstone of India’s financial ecosystem, linking individuals and businesses to key economic activities. To meet evolving digital demands, the government has introduced PAN 2.0, a comprehensive initiative aimed at enhancing user experience and modernizing the nation’s taxpayer services. A Comprehensive Overhaul of PAN/TAN Services With a financial…
The government is on track to exceed its direct tax collection target of ₹22.07 lakh crore for the 2024-25 fiscal, driven by significant contributions from corporate and individual tax revenues. As of November 10, net direct tax collections have grown by 15.41% year-on-year, reaching ₹12.11 lakh crore. This includes ₹5.10 lakh crore from corporate taxes…
Domestic air travel in India reached an unprecedented milestone on November 17, with a record 5,05,412 passengers flying on a single day, the Civil Aviation Ministry reported. This surge, driven by the festive and wedding seasons, underscores the growing demand for air travel in the country. According to the ministry’s data, airlines operated 3,173 flights…
