Union Minister Inspects Slab Track System for Bullet Train Project
RAILWAYS & METRO RAIL

Union Minister Inspects Slab Track System for Bullet Train Project

The builder of Chintels Paradiso has submitted an application to the Department of Town and Country Planning (DTCP) seeking approval to redevelop the Sector 109 society in phases. A report on the proposal is expected to be sent by the DTCP headquarters to its enforcement wing in Gurgaon shortly. If approved, the redevelopment will involve reconstructing the towers declared unsafe in one phase and repairing the habitable ones in another. Out of the nine towers in the society, six have been officially deemed unsafe by the district administration. Additionally, two more towers were identified as unsafe by the Central Building Research Institute (CBRI), which conducted structural audits at the builder’s request, although they have not been formally declared unfit for habitation. The builder believes this phased approach could expedite the reconstruction of unsafe towers, a prospect being closely watched by homebuyers. While the phased redevelopment could accelerate the process for residents of unsafe towers opting for reconstruction, concerns remain about the potential impact on overall timelines. Residents of habitable towers are particularly interested in understanding if significant layout changes or infrastructural upgrades are planned and whether these would require their consent. One resident voiced their concerns, stating, "We've been living in uncertainty for far too long. The phasing process might be a step forward, but our main concern is the timeline for redevelopment and whether it will truly address the safety issues." The proposal has raised both hope and apprehension among residents, highlighting the need for clear communication and efficient execution to address long-standing safety concerns and ensure timely redevelopment.

The builder of Chintels Paradiso has submitted an application to the Department of Town and Country Planning (DTCP) seeking approval to redevelop the Sector 109 society in phases. A report on the proposal is expected to be sent by the DTCP headquarters to its enforcement wing in Gurgaon shortly. If approved, the redevelopment will involve reconstructing the towers declared unsafe in one phase and repairing the habitable ones in another. Out of the nine towers in the society, six have been officially deemed unsafe by the district administration. Additionally, two more towers were identified as unsafe by the Central Building Research Institute (CBRI), which conducted structural audits at the builder’s request, although they have not been formally declared unfit for habitation. The builder believes this phased approach could expedite the reconstruction of unsafe towers, a prospect being closely watched by homebuyers. While the phased redevelopment could accelerate the process for residents of unsafe towers opting for reconstruction, concerns remain about the potential impact on overall timelines. Residents of habitable towers are particularly interested in understanding if significant layout changes or infrastructural upgrades are planned and whether these would require their consent. One resident voiced their concerns, stating, We've been living in uncertainty for far too long. The phasing process might be a step forward, but our main concern is the timeline for redevelopment and whether it will truly address the safety issues. The proposal has raised both hope and apprehension among residents, highlighting the need for clear communication and efficient execution to address long-standing safety concerns and ensure timely redevelopment.

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Digital Economy, Renewable Energy to Boost Job Creation: Economic Survey

The Economic Survey 2024-25, presented by Union Finance Minister Nirmala Sitharaman, indicates substantial improvement in India’s labour market, driven by strong post-pandemic recovery and formalisation of the workforce. Key findings include a significant drop in the unemployment rate from 6 per cent in 2017-18 to 3.2 per cent in 2023-24. Additionally, there has been notable growth in female labour force participation, which increased from 23.3 per cent in 2017-18 to 41.7 per cent in 2023-24.Other highlights include:Over 30.51 crore unorganised workers registered on the eShram portal, suppor..

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Aditya Birla Housing Finance Secures Rs 8.3 Billion from IFC

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Infrastructure Energy

Bihar to Bid Out 2,400 MW Power Plant by March

The Bihar government plans to auction the proposed 2,400 MW coal-based power plant at Pirpainti by March 2025. Part of the state's FY25 budget initiatives, the project is valued at Rs 214 billion, covering multiple power sector developments. Coal for the plant is expected to come from Eastern Coalfields, with fuel and location already determined to streamline the bidding process. Discussions are underway to finalise coal supply under the SHAKTI scheme, with a resolution expected by February. The Central government has also pledged support for fast-tracking environmental clearances to facilit..

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