Page 2 - Development

Tamil Nadu CM Stalin lays foundation for 14 projects worth ₹17.65 cr

Tamil Nadu Chief Minister M K Stalin on Tuesday laid the foundation stone for 14 new development projects worth Rs 17.65 crore and inaugurated several new buildings for the police department during his visit to Kolathur, his home constituency. Among the key inaugurations was the office of the Deputy Commissioner of Police in Kolathur and a new police station at the Kalaignar Centenary Bus Terminus in Kilambakkam, constructed for Rs 18.26 crore. Stalin also inaugurated additional school buildings at the Chennai Girls' Higher Secondary School in Perambur, built for Rs 9.74 crore. A police station in Peravallur, other police infrastructure, and an air-conditioned bus stand at Retteri were also inaugurated. Sharing his sentiments about the visit, Stalin wrote on 'X': The Kolathur visit, which was postponed due to (my) health reasons, gave me the feeling of being separated for a long time. That feeling has gone away, and I have gained new strength in today's #KolathurVisit.

India's distant promises: Clarity needed for Viksit Bharat, Net Zero goals

The government needs to clearly list out all the desired parameters to be covered under the Viksit Bharat goal, assign appropriate weight to each of them, and set numerical targets wherever applicable

India's growth driven by safety nets, growth-focused reforms: NITI Aayog VC

India's progress across various Sustainable Development Goals (SDGs) has been enabled by a dual strategy that encompasses strong safety nets and reforms that foster growth through a more enabling environment, Vice Chairman of NITI Aayog Suman Bery has said. Bery pointed out that 240 million Indians escaped from multi-dimensional poverty in the decade between 2013-14 and 2022-23, and social protection coverage has more than doubled since 2015. India is on track to achieve health targets for maternal, child and infant mortality before 2030, the target year of the SDGs, he said. Our progress in India has been enabled by a dual strategy - strong safety nets to protect the most vulnerable and reforms that foster growth through a more enabling environment and ease of doing business, making India the fastest growing major economy today, Bery said. Bery delivered the keynote address at a high-level side event titled SDGs: Keeping up the Momentum for Agenda 2030' hosted on Friday by the ...

PM Modi to launch ₹7,000 crore development projects during Bihar visit

Prime Minister Narendra Modi will launch development projects worth more than Rs 7,000 crore during his visit to Bihar on Friday, a senior party leader said. According to state BJP president Dilip Jaiswal, Modi will address a public meeting at Gandhi Maidan in Motihari town, the headquarters of East Champaran district. "That Bihar is high on the Prime Minister's agenda can be gauged from the fact that he will be visiting the state for the 53rd time since he assumed power. The state will be showered with development projects worth Rs 7,196 crore," Jaiswal said. He added that the projects are related to diverse sectors, including railways, national highways and roads, rural development, animal husbandry and dairy farming, and Information Technology. "The projects relating to railways are worth Rs 5,398 crore while national highways and roads would account for another Rs 1,173 crore. IT projects, aimed at strengthening digital infrastructure, would involve a cost of Rs 63 crore," Jais

Need 10% nominal GDP growth a year to achieve Viksit Bharat goal: CII chief

India needs an average nominal GDP growth rate of 10 per cent annually to achieve the government's vision of Viksit Bharat by 2047, CII President Rajiv Memani said. Nominal GDP is the total value of goods and services produced in a country, measured using current market prices, without adjusting for inflation, unlike real GDP. "India would require an average about 10 per cent nominal growth to achieve the Viksit Bharat vision," Memani told PTI. In an interview to PTI, the newly-appointed president of the industry lobby observed that the interim trade pact between India and the US, expected to be finalised shortly, will remove the cloud of "uncertainty", providing access to a bigger market for Indian firms, especially in labour-intensive sectors. The trade pact between the two nations will also pave the way for technology transfers, more joint ventures and partnerships, the CII president said. "So I think first is that the uncertainty which was there, I think that will go away. Peo

NITI Aayog nudges states to finalise intermediate targets for 2030, 2035

These include precise and achievable targets by 2030 and 2035, in addition to the broader 2047 target of making India a $30 trillion economy

MoUs worth ₹4.18 trillion unveiled at Rising North East Summit: Scindia

Union Minister Jyotiraditya Scindia has said MoUs worth Rs 4.18 lakh crore have been announced with regards to the 'Rising North East Investors Summit 2025' underway in Delhi. The summit was inaugurated by Prime Minister Narendra Modi at Bharat Mandapam in the national capital on Friday. It aims to highlight the region as a land of opportunity, attracting global and domestic investment, and bringing together key stakeholders, investors and policymakers on a single platform. "For the first time, a joint programme for all eight states of the north east is underway. Roadshows were held for it in cities like Bengaluru, Mumbai, Ahmedabad, Chennai, Delhi, Kolkata, and Indore. Meetings were held with various industrial groups. As a result of this effort, a world-class investment summit was organized. Memorandums of Understanding worth Rs 4.18 lakh crore have been announced," Scindia told reporters on Friday. "Each state received investment proposals of Rs 20,000 crore. Along with ...

Delhi govt cuts MLALAD fund to ₹5 crore from ₹15 crore per constituency

The annual MLALAD fund was previously set at ₹15 crore after a 2024 hike by the AAP-led govt. The BJP-led cabinet has now reduced it to ₹5 crore per MLA, effective FY26

A holistic assessment of states' performance across seven pillars

This study evaluates states on seven pillars, including economic, fiscal, social, and financial development

In face of macro uncertainty, ER&D sector witnesses leadership churn

As the sector braces for the fallout from tariff wars, demand uncertainty, and slowdown in discretionary spends, at least eight ER&D services firms have seen CEO changes this year

Rolls-Royce to 'Protect, Power, and Connect' Viksit Bharat: Alex Zino

Backed by the UK govt, Rolls-Royce is also exploring co-developing and co-manufacturing the engine for India's planned fifth-generation fighter plane, with IP ownership in India

Best of BS Opinion: A Carpe Diem moment for Indian policymakers

The rapid growth of AI, success of mobile phone manufacturing, the index for states' fiscal health and labour shortages all point to opportunities for policymakers

Arkade Developers bags cluster redevelopment project with GDV of Rs 1.7k cr

The project will offer a total saleable area of approximately 6.76 lakh square feet

How India can achieve rapid growth to achieve 'Viksit Bharat 2047' goal?

India must adopt a focused approach in the coming years to achieve Viksit Bharat by 2047. Achieving 8-10% growth is possible with coordinated, growth-focused policies at both central and state levels

Union Budget 2025: Setting a road map to transform India's economy

The people, economy, and innovation underpin the investment strategy of the Government

Inclusive Budget to create jobs, boost agriculture and MSME growth

Given the importance of logistics, mobility and tourism for the economy, the government has further announced 120 new destinations under the UDAN scheme and 50 new tourist destinations

Economic Survey 2024-25 outlines reforms agenda for 'Viksit Bharat'

The Survey, while underplaying the short-term outlook, takes a wider and long-term perspective on growth and presents a reform agenda in order to achieve the 2047 goal

As country celebrates republic day, states unveil development plans

The tricolour was unfurled and parades showcasing India's rich diversity were held across the country on the 76th Republic Day on Sunday as states listed their achievements and outlined development agenda. In a major announcement, Bihar Governor Arif Mohammad Khan said the state will provide 12 lakh government jobs and create 34 lakh employment opportunities for the youth by the end of this year. Jammu and Kashmir Deputy Chief Minister Surinder Choudhary reiterated the demand for restoration of statehood, asserting that it is key to peace and development of the region. There were some anxious moments in Guwahati, Assam when a loud sound was heard in the Beharbari area. Police are investigating the incident. Rajasthan Governor Haribhau Bagade unfurled the national flag at the state-level Republic Day function held at the Maharana Bhupal Stadium in Udaipur and lauded Prime Minister Narendra Modi's leadership, saying that India has emerged as a global superpower under his stewardship.

Our goal is to make Odisha prosperous state by 2036, says CM Majhi

He emphasised that the state government is fully committed to achieving these objectives

Empowering startups through policy support, infrastructure development

We in CII are committed to championing initiatives that align with the vision of Startup India - driving innovation, creating jobs, and fostering economic growth