#MinisterforHousingandUrbanAffairs Archives

Corporate India

ONGC’s Cost Cutting Drive Targets ₹9,300 Crore Savings

Oil and Natural Gas Corporation (ONGC) initiated a comprehensive cost optimisation programme to achieve ₹9,300 crore in savings by FY27. This move prepares the PSU for a future with oil prices around $60 per barrel while fighting production decline.

Corporate India

RBI Allows Banks to Fund Corporate Acquisitions

The Reserve Bank of India will now permit banks to finance mergers and acquisitions by Indian corporates. This new framework significantly expands the scope of capital market lending for the banking sector.

Corporate India

India Indigenous Nuclear Reactor Project Draws Interest ftom Corporate Giants

India’s largest corporate groups, including Reliance and Adani, show strong interest in NPCIL’s tender for the Bharat Small Reactors (BSR). The project, using indigenous PHWR technology, marks the first major entry of the private sector into nuclear generation, with a project deadline now set for March 2026.

Corporate India

Governance

Government Sanctions ₹6,982 Crore Additional Capital for BSNL’s 4G Expansion

In a major push for India’s public sector telecom, the government has greenlit a fresh capital injection of ₹6,982 crore for BSNL, earmarking the funds specifically for the nationwide expansion of its 4G network. This move is part of a broader strategy to bolster BSNL’s financial health and competitive standing against private players.

India Prioritises Global Biofuels Alliance

News Orbiter Bureau12 February 202312 February 202301 mins

Minister for Housing and Urban Affairs, Petroleum and Natural Gas, Hardeep S Puri has announced that the Global Biofuel Alliance is one of the priorities under India’s G20 Presidency. India, Brazil, and the United States will lead biofuel producers and consumers and work jointly to forge alliance with interested countries for the development of a…

Meeting of National Association of Street Vendors highlights their contribution to economy

News Orbiter Bureau25 July 202231 July 202202 mins

The 16th meeting of National Association of Street Vendors of India (NASVI) was held with with the theme, ‘From Encroachers to Self-Employed’. Hardeep S Puri, the Minister for Housing and Urban Affairs, addressed the meeting highlighting that that the street vendors have been an essential part of the economic growth story of India. He said…