The Government has rolled out a pilot internship scheme aimed at providing one crore internships over five years, with annual financial assistance of ₹66,000 for youth aged 21-24. The scheme, starting on December 2, 2024, is estimated to cost ₹800 crore and aims to cover 1.25 lakh candidates in FY 2024-25. Launched in the Union…
India’s power consumption remained nearly flat at 141.36 billion units (BU) year-on-year, primarily due to above-normal rainfall, which reduced the use of cooling appliances such as air conditioners and desert coolers. The Indian Meteorological Department reported a 10.6 percent excess in rainfall, significantly impacting power consumption. In comparison, power consumption in the same period last…
The Airports Authority of India’s (AAI) Bhopal Airport has officially commenced 24-hour operations starting from Tuesday, including the introduction of a night parking facility. This significant development is expected to enhance connectivity, improve the travel experience, and support the growth of both regional and national air traffic. The extended operational hours offer greater flexibility to…
India’s foreign exchange reserves surged by $2.838 billion, reaching a record high of $692.296 billion for the week ending September 20, according to data from the Reserve Bank of India (RBI). This increase follows a $223 million rise in the previous week, bringing the total to $689.458 billion. The growth was driven primarily by a…
Mahanadi Coalfields Limited (MCL) has achieved a major milestone by surpassing the 100 million-tonne mark in coal despatch for the financial year 2024-25. This accomplishment came 16 days earlier than in the previous fiscal year, highlighting the company’s operational efficiency. MCL has seen a 7% overall growth in coal despatch compared to last year, with…
India’s coal imports saw a slight increase of 0.9% during the April-July period of FY25, reaching 90.51 million tonnes (MT), up from 89.68 MT in the same period last year, according to a statement by the Ministry of Coal. Despite the country’s vast coal reserves, the surge in demand, particularly for coking coal and high-grade…
The Delhi International Airport Ltd (DIAL), operator of Indira Gandhi International Airport (IGIA), plans to introduce an ‘Air Train’ to enhance passenger connectivity between Terminal 1 and Terminals 2 and 3. The IGIA, India’s busiest airport, currently relies on road transport for passenger movement between these terminals, which are situated apart. DIAL has issued a…
The National Highways Authority of India (NHAI) has awarded the 251-km Hyderabad-Nagpur corridor project to Highway Infrastructure Trust for ₹6,661 crore under the Toll-Operate-Transfer (TOT) model. This project is part of NHAI’s TOT Bundle-16, aimed at boosting infrastructure through private-sector participation. The 251-km stretch, located on National Highway 44 (NH-44) in Telangana, will be managed…
India’s foreign exchange reserves have increased by USD 223 million, pushing the total to a new all-time high of USD 689.458 billion, according to data released by the Reserve Bank of India (RBI). This increase underscores the strength of India’s external financial position, which continues to grow amid a range of global economic challenges. The…
India’s renewable energy (RE) sector is poised to receive investments amounting to USD 386.30 billion by 2030, as leading RE companies commit to expansive growth plans at RE-Invest 2024. These investments aim to help India achieve its ambitious goal of installing 500 GW of renewable energy capacity by the end of the decade. According to…
