The Ministry of Heavy Industries (MHI) has provided a significant subsidy of Rs. 5,228.00 crore to electric vehicle manufacturers, resulting in the sale of 11,53,079 electric vehicles by December 1, 2023. Under the FAME India Phase II Scheme, MHI has sanctioned 6862 electric buses, with 3487 buses already supplied to State Transport Undertakings (STUs). The…
In October 2023, coal production soared to 78.65 Million Tonne, marking an 18.59% increase from the previous year’s 66.32 Million Tonne. The Coal Industry Index exhibited substantial growth, rising from 9.1% in April to an impressive 18.4% in October 2023, reaching 172.6 points. This surge in the Index of Coal Industry significantly contributed to the…
The India Infrastructure Report 2023, focusing on Urban Planning and Development, was unveiled virtually on 4 December 2023 by former Vice President Venkaiah Naidu. The report, a collaboration between the IDFC Foundation, iDeCK, and NIUA, marks a significant milestone in the acclaimed India Infrastructure Report (IIR) series.* Speaking at the virtual release event, M. Venkaiah…
In a significant environmental stride, 66 Indian airports, including key hubs such as Delhi, Mumbai, Hyderabad, and Bengaluru, are now fully powered by green energy. These airports have not only embraced sustainable practices but have also attained Level 4+ and higher accreditation from the Airports International Council (ACI), marking them as carbon-neutral facilities. The Ministry…
The Ude Desh ka Aam Nagrik (UDAN) scheme, part of the Regional Connectivity Scheme (RCS), has witnessed over 130 lakh individuals benefiting from its initiatives. Currently, 517 RCS routes are in operation, connecting 76 airports, including 9 heliports and 2 water aerodromes. The government, aiming to bolster regional air connectivity at affordable rates, has set…
In a strategic move aimed at empowering micro, small, and medium enterprises (MSMEs) and bolstering e-commerce exports, the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry, Government of India, is partnering with various e-commerce entities to leverage the Districts as Export Hubs initiative. The central objective is to invigorate e-commerce…
Union Minister for Education and Skill Development & Entrepreneurship, Dharmendra Pradhan, marked a significant milestone by laying the foundation stones for six crucial projects and inaugurating a Kendriya Vidyalaya at NIT Rourkela. This transformative initiative reflects a commitment to enhancing the teaching, learning, innovation, and skilling ecosystem within the institution. Pradhan’s engagement extended beyond groundbreaking…
Standard & Poor’s (S&P) Global has forecasted a 6.4 percent economic growth for India in the fiscal year 2024-25. While this projection aligns with many agencies, S&P Global cautioned that challenges such as high food inflation and weak exports could potentially cast a shadow on growth in the upcoming years. The insights were presented in…
The esteemed President of India, Droupadi Murmu, graced the Boita Bandana ceremony organized by the Paradip Port Authority at Paradip. Additionally, she virtually inaugurated a Multi-Modal Logistic Park and laid the foundation stones for a new reservoir, water treatment plant for the Port Township, and a cutting-edge Vessel Traffic Management and Information System. During her…
The Union Minister for Ports, Shipping, and Waterways (MoPSW) and Ayush, Sarbananda Sonowal, undertook a visit to the proposed International Container Transhipment Port (ICTP) site at Galathea Bay, Great Nicobar Island. During the visit, the Minister assessed the advancements made in the project, which is strategically aligned with the Maritime India vision 2030 and stands…
