Vishvajit Sahay has assumed charge as Secretary (Defence Finance) in the Ministry of Defence, according to an official statement. A 1990-batch officer of the Indian Defence Accounts Service (IDAS), he previously served as Controller General of Defence Accounts. An alumnus of St. Stephen’s College and a law graduate, Sahay brings over three decades of experience […]
An important milestone in the digitisation of India’s highways was declared by Union Minister Nitin Gadkari with the launch of the country’s first barrier-less Multi-Lane Free Flow (MLFF) toll system at Chorayasi Toll Plaza. The system allows for toll collection without vehicles having to stop on the NH-48 corridor, which runs between Surat and Bharuch. […]
Hardeep Singh Puri, India’s minister of petroleum and natural gas, stated that, despite the continuous volatility in global energy markets, the country’s petrol and diesel prices had remained stable for more than four years. Global energy dynamics have been profoundly affected by geopolitical tensions, disruptions around the Strait of Hormuz, conflicts, and supply chain issues, […]
In an effort to enhance railway administration in Andhra Pradesh, Railway Minister Ashwini Vaishnaw announced that the South Coastal Railway Zone will be created and announced by the government, beginning June 1. To improve connection between ports, tourist hubs, and big cities, the state has been allocated a record-breaking Rs 10,134 crore for rail projects, […]
The government has prioritised the textiles and handicrafts sector because of the high employment intensity in the industry. Despite import problems associated to the Strait of Hormuz closure, the sector’s natural gas supply has been maintained at 80% of its recent average usage. In order to maintain continuity for domestic demand and bridge supply gaps, […]
As part of its initiative to enhance financial inclusion in rural India, India Post Payments Bank has introduced a zero-balance savings account specifically for Self Help Groups (SHGs), which allows for a maximum value of ₹2 lakh. Implemented by the Department of Posts, the effort aims to offer SHGs a straightforward, easily accessible, and reasonably […]
Coal India Limited (CIL) has announced to the stock markets that it has been awarded a contract to develop a BESS project by GRIDCO Limited (Odisha). As per the SEBI (Listing Obligations and information Requirements) Regulations, 2015, this information has been made in accordance with Regulation 30. A battery energy storage system with a capacity […]
The Indian Navy has received “Mahendragiri,” the Fourth Stealth Frigate of the Project 17A (P17A) Class, from Mazagon Dock Shipbuilders Limited (MDL). Rear Admiral Gautam Marwaha, VSM, Chief Staff Officer (Technical), Eastern Naval Command, and Capt. Jagmohan, Chairman & Managing Director of MDL, both signed the Acceptance Document (D448) in the presence of top officials […]
The increasing demand for Samsung’s high-end memory chips used in AI applications contributed to the company’s more than fivefold increase in net profit for the first quarter. An increase from 8.22 trillion won in the previous year brought the net profit for the quarter ending in March to 47.22 trillion won, or almost $31.8 billion. […]
As a significant step forward in regional connectivity, Union Railway Minister Ashwini Vaishnaw inaugurated the direct 20-coach Vande Bharat Express service between Jammu and Srinagar. Starting May 2, the public will be able to access the service. The fact that Omar Abdullah and Jitendra Singh were present at the inaugural event highlights the project’s importance […]
