Page 2 - Development

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

Prosenjit Datta's book highlights facts about India's development goals

Prosenjit Datta's simply argued and logically constructed book encourages readers to look beyond political posturing for the facts on India's developmental goals

PM Modi to launch projects worth over Rs 12,200 crore in Delhi today

The Prime Minister will also undertake a ride in Namo Bharat Train at around 11:15 AM from Sahibabad RRTS Station to New Ashok Nagar RRTS Station

PM Modi to inaugurate several development projects in Delhi on Jan 3

Prime Minister Narendra Modi will inaugurate a slew of development measures, including 1,675 flats for the residents of JJ clusters and two urban redevelopment projects in the city on Friday. The Prime Minister's Office (PMO) in a statement said that Modi will visit the newly-constructed flats for the dwellers of Jhuggi Jhopri (JJ) clusters as part of slum rehabilitation project at Swabhiman Apartments in Delhi's Ashok Vihar and hand over keys to the eligible beneficiaries. He will inaugurate 1,675 newly constructed flats, the PMO said, adding the development is in line with the prime minister's "housing for all" initiative. The objective of the project is to provide the residents of JJ clusters in Delhi with a better and healthier living environment equipped with proper amenities and facilities. For every Rs 25 lakh spent on construction of a flat by the Central government, the eligible beneficiaries pay less than seven per cent of the total amount, comprising Rs 1.42 lakh as a .

Bangladesh receives $1.16 bn World Bank financing for inclusive development

These new financing will bring to the people of Bangladesh essential services such as health and water

PM Modi to inaugurate projects worth Rs 5,500 crore in Prayagraj today

Prime Minister Narendra Modi will on Friday launch key development projects worth Rs 5,500 crore that aim to improve amenities for the 2025 Maha Kumbh in Prayagraj and bolster the city's infrastructure. According to an official statement, the prime minister will arrive in Prayagraj around 12:15 pm. His visit will begin with a ceremonial pooja and darshan at the holy Sangam -- the confluence of the Ganga, Yamuna and the Saraswati rivers. He will then perform pooja at the historic Akshay Vata Vriksh, followed by visits to the Hanuman mandir and the Saraswati Koop. Modi will also tour the Maha Kumbh exhibition site. He will launch projects such as road overbridges, ghats, riverfront roads, and sewage treatment systems to enhance connectivity and prevent untreated waste from entering the Ganga. He will also inaugurate major temple corridors, including the Bharadwaj Ashram corridor, Shringverpur Dham corridor, Akshayvat corridor and the Hanuman Mandir corridor. These corridors will ens

World Bank approves $188 mn loan to boost growth in Maharashtra's districts

The World Bank has approved a USD 188.28-million loan to stimulate economic growth in the Indian state of Maharashtra, especially in the lagging districts, a media release said. The USD188.28 million Maharashtra Strengthening Institutional Capabilities in districts for enabling growth operation will support district planning and growth strategies, the bank said in a statement. Investments under the operation will equip districts with the necessary data, funds, and expertise to maximize the value of public money employed for driving growth and job creation. It will also enhance private sector participation by improving e-government services for businesses in districts, especially in the tourism sector, it said. By providing well-articulated investments in institutional capability and coordination at the district level, the program will enhance evidence-based planning and policymaking, efficient public sector interface with the private sector, and improved service delivery to the pub

Smallholder agriculture key to achieving Viksit Bharat goal by 2047: Mishra

Mishra emphasised the critical role of agricultural growth in poverty reduction, especially in rural areas