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Minister urges swift removal of obstacles in infrastructure projects
90 Infra Projects Worth Rs 34.17 bn Approved for North East in 4 Years
The Ministry of Development of North Eastern Region (MDoNER) has approved 90 projects with a total expenditure of Rs 34.17 billion under the North East Special Infrastructure Development Scheme (NESIDS) over the past three financial years (2021-22 to 2023-24) and the on-going financial year 2024-25. This announcement was made in a written reply in the Lok Sabha by Sukanta Majumdar, Union Minister of State for Development of North Eastern Region. The NESIDS scheme is categorised into two components: NESIDS (roads): This component focuses on developing physical assets such as roads, bridges,..
Steel Ministry restricts import of substandard products
The central government has identified instances of substandard steel imports and has taken measures to prevent their entry into the country. The Ministry of Steel stated that cheaper imports tend to lower domestic steel prices and negatively impact both large and small steel producers. According to the ministry, numerous traders and manufacturers have been attempting to bypass the Bureau of Indian Standards (BIS) requirements by making minor alterations to steel grades. Official reports indicate that this appears to be an effort to import inexpensive steel under the guise of different grades. ..
ONGC engages domestic shipyards for two offshore rig contracts
Oil and Natural Gas Corporation (ONGC) is in preliminary discussions with domestic shipyards to construct two offshore jack-up drilling rigs, estimated to cost between $500 million and $550 million, according to a senior executive from the state-run company. The company’s board recently approved the proposal to build these offshore rigs. Om Prakash Singh, Director of Technology and Field Services at ONGC, explained that the new rigs are intended to replace some of the company’s older rigs, which have been operational for over four decades and are set to be retired in the coming years. Si..
