Lack of Kavach system on the route where a goods train collided with Kanchanjunga Express on June 17 has raised questions again on the progress of the flagship anti-collision system of the NDA government. Watch the video to know the details.

Lack of Kavach system on the route where a goods train collided with Kanchanjunga Express on June 17 has raised questions again on the progress of the flagship anti-collision system of the NDA governm

Kanchanjunga Express accident: Why is kavach in focus?

European auto major Stellantis believes a long-term stable policy framework and its uniform roll-out across different states in India is critical for automakers to execute business plans on a long-term basis.
Stellantis, which has presence in India through brands like Jeep and Citroen, feels that policy framework should work informally across the nation so that the industry is able to execute long-term business strategies.
In an interaction with PTI here, Stellantis India CEO and MD Shailesh Hazela said that any investor who comes to India would like to see a little longer horizon in terms of policies.
"So our wishlist for the government is that whatever they decide to put across, it should be for a longer period," Hazela stated when asked about government actions which could propel growth of Indian auto industry.
It would be great if there could be uniformity in policies across the country in terms of EVs (electric vehicles) and taxation so that companies could plan nationally and

Stellantis India CEO and MD Shailesh Hazela said that any investor who comes to India would like to see a little longer horizon in terms of policies

Non-bank lender Godrej Capital's assets under management have grown to about Rs 18,000 crore, and the company is targeting to close FY26 at over Rs 25,000 crore, a top official has said.
Over the next two years -- FY27 and FY28 -- it plans to nearly double the AUM to Rs 50,000 crore, its managing director and chief executive Manish Shah told PTI.
The company, in which parent Godrej Industries owns over 90 per cent stake, has sufficient capital right now as most of the capital committed by the group has already come in, he said.
"Until such time as we list, the capital will come from the group. Most of it we have already received. We don't need a lot more capital over the next few years," Shah said.
The parent firm has infused an additional Rs 285 crore into the company to increase its stake by 1.41 per cent to a total of 90.89 per cent.
Shah said the company is also delivering profits now, which can be reploughed back into the business for asset growth, but made it clear that the 

Over the next two years -- FY27 and FY28 -- it plans to nearly double the AUM to ₹50,000 crore, its managing director and chief executive Manish Shah said

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Tech giant Microsoft has announced to shut down its limited operations in Pakistan as part of its global strategy to reduce workforce, which various stakeholders termed on Friday as a troubling sign for the country's economy.
Microsoft, while closing its office in Pakistan on Thursday after 25 years, cited global restructuring and a shift to a cloud-based, partner-led model.
The move came as the tech giant cut roughly 9,100 jobs worldwide (or about 4 per cent of its workforce) in its largest layoff round since 2023.
Jawwad Rehman, former founding Country Manager of Microsoft Pakistan, urged the government and IT minister to engage with the tech giants with a bold KPI (Key Performance Indicators) driven plan.
He said the exit reflected the current business climate. Even global giants like Microsoft find it unsustainable to stay, he posted on LinkedIn.
Former Pakistan president Arif Alvi, in a post on X, also expressed concern over Microsoft shutting down operations.
It is a troubl

Microsoft, while closing its office in Pakistan on Thursday after 25 years, cited global restructuring and a shift to a cloud-based, partner-led model

Gadkari said the transport sector is undergoing a major transition, with initiatives like tree bank, mobile-based driving tests, and flex-fuel engines by 11 leading automakers in the pipeline

International news agency Reuters' X account has been withheld in India "in response to a legal demand", according to a notice displayed by the social media platform.
However, government sources denied having raised any new legal demand in this matter and sought explanation from X for blocking Reuters account.
They said a demand for blocking Reuters' X account alongside several hundreds of other accounts was made during Operation Sindoor.
While several accounts were blocked from accessing in India, Reuters handle wasn't.
According to sources, Elon Musk-owned X seems to have now acted on that request and blocked Reuters' X handle in India. And since the issue isn't relevant now, the government has asked X to explain the blocking and lift the embargo.
"An order was issued on May 7 (during Operation Sindoor) but it was not enforced. X seems to have enforced that order now which is a mistake on their part. Government has reached out to X for resolving it at the earliest," an official 

Government sources denied having raised any new legal demand in this matter and sought explanation from X for blocking Reuters account

The Mumbai Metropolitan Region Development Authority (MMRDA) on Friday presented a Rs 40,187 crore-budget for the megapolis.
Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement. The revenues have been estimated at Rs 36,939 crore, and the body chaired by Deputy Chief Minister Eknath Shinde will be borrowing Rs 22,000 crore.
This will result in a budget deficit of Rs 3,249 crore, which the body plans to bridge through land sales, issuance of bonds, financial assistance from the government, and loans from financial institutions, the statement said.
The ongoing metro line projects have been earmarked Rs 10,969 crore of expenditure in the new fiscal, which is a fourth of the overall expenditure..
Over Rs 5,697 crore have been allotted for multiple tunnel projects which are going across the megapolis, with Rs 2,684 crore earmarked for the four-lane road running under the Sanjay Gandhi National 

Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement

The Rajya Sabha on Thursday returned the Finance Bill 2025 to the Lok Sabha, along with 35 government amendments, including one that abolishes a 6 per cent digital tax on online advertisements, thus completing the 2025-26 budgetary exercise that started on February 1.
The House also returned the Appropriation Bill (3) with a voice vote.
Earlier in the day, Finance Minister Nirmala Sitharaman had moved the two bills in the House.
The Lok Sabha had passed the Finance Bill on March 25 and passed the Appropriation Bill on March 21.
Replying to the debate later in the evening, she said the tendency of the finance ministry would be to exercise caution and not let go of revenues.
"But, here we wanted to use this opportunity to show our respect for Indian taxpayer. We have moved towards setting Rs 12 lakh as threshold up to which no one will have to pay any tax," Sitharaman said.
The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 lakh crore, an increase of 7.4 per cent ov

The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 trillion, an increase of 7.4 per cent over the current fiscal

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Kanchanjunga Express accident: Why is kavach in focus?

Lack of Kavach system on the route where a goods train collided with Kanchanjunga Express on June 17 has raised questions again on the progress of the flagship anti-collision system of the NDA government. Watch the video to know the details.

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