The Government e-Marketplace (GeM) has been making remarkable strides in the procurement of services, demonstrating its dedication to streamlining government purchasing processes and enhancing transparency. Over the past few years, GeM has seen an extraordinary increase in transaction value, underlining its commitment to efficiency and transparency in government procurement. GeM’s growth in service procurement is…
In a significant development, India’s mango export industry has expanded its horizons, achieving remarkable results in the first five months of the fiscal year 2023-24. With the dedicated efforts of the Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce and Industry, India has recorded substantial growth in mango exports,…
REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Limited, has formally handed over the Special Purpose Vehicle (SPV) designated for the ‘Ramgarh II Transmission Limited’ transmission project to the Power Grid Corporation of India Limited (POWERGRID). The SPV’s core objective is the establishment of a 765/400kV & 2×500 MVA 400/220 kV…
The Global Maritime India Summit 2023, one of the world’s largest maritime gatherings recently held in Mumbai. , Achieving ‘Amrit Kaal Vision 2047’ milestone, the event marked a resounding success with 360 MoUs signed, pledging investments of Rs 8.35 lakh crores. Additionally, the summit unveiled investible projects worth Rs 1.68 lakh crores, demonstrating India’s increasing…
Prime Minister Narendra Modi is set to inaugurate a groundbreaking chapter in India’s transportation history as he unveils the priority section of the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) Corridor. The inaugural ceremony will take place at Sahibabad RapidX Station in Uttar Pradesh on October 20, 2023. During this momentous occasion, the Prime Minister will…
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…
