Smart Connection

NHIDCL To Take Over All NHAI Projects In Meghalaya

The National Highways and Infrastructure Development Corporation Limited (NHIDCL) will assume responsibility for all road projects in Meghalaya that are presently under the National Highways Authority of India (NHAI), according to reporting on the planned transfer. The Ministry of Road Transport and Highways (MoRTH) has directed the NHAI to hand over the remaining projects to the NHIDCL and officials are preparing for the administrative change. The move forms part of a broader shift in which NHIDCL has been entrusted with the development of new highway corridors in the region. NHIDCL is alread..

Cabinet Approves Two Semiconductor Units In Gujarat

The Union Cabinet approved two semiconductor projects under the India Semiconductor Mission, including the country's first commercial Mini/Micro-LED display plant based on Gallium Nitride (GaN) technology and an outsourced packaging facility. The projects are to be developed in Gujarat by Crystal Matrix Limited and Suchi Semicon Private Limited and will form part of a push to build domestic compound semiconductor and packaging capacity. The Cabinet indicated the combined investment for the two projects is around Rs 39.36 billion (bn). Crystal Matrix will establish an integrated compound semico..

Cabinet Approves Emergency Credit Line Guarantee Scheme 5.0

The Union Cabinet has approved the Emergency Credit Line Guarantee Scheme 5.0 (ECLGS 5.0) to provide targeted credit support to Indian airlines and micro, small and medium enterprises (MSMEs) amid operational disruptions linked to the West Asia situation. The scheme allocates Rs 2.55 tn of additional credit flow, of which Rs 50 bn has been earmarked for airlines, and will be implemented by Member Lending Institutions (MLIs) with guarantee cover from National Credit Guarantee Trustee Company Limited (NCGTC). ECLGS 5.0 extends 100 per cent guarantee cover for MSMEs and 90 per cent for non-MSMEs ..