Rs 9,162 cr financial aid provided by NABARD to WB in FY20-21

CONCOR Launches Double-stack Service Between NCR and Varnama

State-run Container Corporation of India (CONCOR) has launched double-stack container train services between the National Capital Region (NCR) and Varnama near Baroda. This initiative aims to facilitate customers at Nhava Sheva near Mumbai, home to Jawaharlal Nehru Port (J N Port). On December 21, the first double-stack container train from Khatuwas and Dadri in NCR reached CONCOR’s Gati Shakti Multimodal Cargo Terminal (GCT) at Varnama, situated along the Western Dedicated Freight Corridor (WDFC). The train carried export cargo destined for J N Port, according to a statement from the state..

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 ..

Noida Homebuyers Approach NCLT Over Jaypee Infratech Delays

Homebuyers of Jaypee Infratech (JIL) have approached the National Company Law Tribunal (NCLT), accusing Suraksha Group of failing to make progress on the construction of flats, despite the approval of its resolution plan in March 2023 and its subsequent confirmation by the appellate tribunal in May 2023. In their petition, members of the Jaypee Infratech Real Estate Allottees Welfare Society (JREAWS) claimed that Suraksha, which took over JIL through insolvency proceedings, had not mobilised the Rs 30 billion required for construction, deployed workers, or set up escrow accounts as per the re..