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CONCOR Launches Double-stack Service Between NCR and Varnama
Less than 10% of Rs 40 Billion State-aid for Shipbuilding Utilised
A government-sanctioned financial assistance program worth Rs 40 billion, intended to support local shipbuilders over a decade starting in April 2016, has seen minimal utilisation, with only Rs 3.85 billion—less than 10 per cent of the total fund—disbursed thus far. With 15 months remaining before the scheme concludes, its uptake has been limited. The financial aid applies to shipbuilding contracts signed between April 1, 2016, and March 31, 2026. According to a written response provided by Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal to the Rajya Sabha on December ..
Civil Aviation Minister Opens New ATC Tower at Indore Airport
The Minister for Civil Aviation, Ram Mohan Naidu Kinjarapu, inaugurated the new Air Traffic Control (ATC) Tower-cum-technical block at Devi Ahilyabai Holkar International Airport in Indore, Madhya Pradesh. During the inauguration, the minister toured the facility, where ATC experts explained various technical aspects of tracking and coordinating flights from the newly constructed tower. In addition to the ATC tower, the airport has also introduced a zero-waste plant. The union minister confirmed that this initiative aligns with the government’s commitment to sustainability. Minister Ki..
Residents Unaware of the Nargis Dutt Nagar Redevelopment in Mumbai
The redevelopment of Nargis Dutt Nagar, the largest slum enclave in Bandra (W), has emerged as a highly lucrative opportunity worth billions for developers. According to property market sources, the potential sale component of approximately 10 lakh sq ft alone is valued at around Rs 100 billion. Omkar is responsible for the rehabilitation of over 1,500 slum families, offering them free housing on a portion of the land, while its partner, Godrej Properties, will construct the luxury residential project that will form the free-sale component. A spokesperson for Omkar clarified that the develop..
