Indian retail sector needs 55 million sq ft of grade-A malls
L&T, Clean Core Thorium tie-up to boost global clean energy solutions
Larsen & Toubro (L&T) announced a partnership with the US-based company Clean Core Thorium Energy (CCTE) to deliver global clean energy solutions. This collaboration focuses on enhancing nuclear power deployment, especially in developing nations that need substantial carbon-free electricity for growth. The agreement includes a Memorandum of Understanding (MoU) to utilize CCTE's patented ANEEL (Advanced Nuclear Energy for Enriched Life) fuel, which integrates thorium and high assay low-enriched uranium. This fuel is designed for use in pressurized heavy water reactors, such as CANDU reactors. A..
UDAN airports open in Saharanpur, Rewa, and Ambikapur
Prime Minister Narendra Modi inaugurated new airports under the regional connectivity UDAN scheme on Sunday, located in Rewa (Madhya Pradesh), Ambikapur (Chhattisgarh), and Saharanpur (Uttar Pradesh). The event took place from Varanasi, coinciding with the 8th anniversary of the national civil aviation policy (NCAP) 2016. These airports will soon facilitate subsidized regional flights, creating significant opportunities for economic growth and regional development. The government is supporting the aviation sector with incentives such as 100% tax exemptions for UDAN airport projects for a decad..
Himachal initiates compensation payments for Kangra Airport expansion
Chief Minister Sukhvinder Singh Sukhu announced that the Himachal Pradesh government has commenced compensation payments for the expansion of Kangra Airport, fulfilling a promise made in the first budget of the current administration. The disbursement process begins with landowners from Jugehar village in the Shahpur area of Kangra district. A total of Rs 32.5 crore will be distributed initially, with an estimated Rs 3,500 crore allocated for compensation and rehabilitation for those affected by the land acquisition for the airport expansion. CM Sukhu noted that the landowners welcomed this mo..