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Rs709 Billion in Bihar Funds Unaccounted: CAG
The Comptroller and Auditor General’s (CAG) report on State Finances for 2023–24 was tabled in the Bihar State Assembly on Thursday, highlighting serious lapses in financial accountability.According to the report, 49,649 utilisation certificates (UCs) amounting to Rs709 billion were outstanding as of 31 March 2024. The report noted that in the absence of these UCs, there is no assurance that funds released were actually used for their intended purposes."High pendency of UCs poses a significant risk of embezzlement, misappropriation, and fund diversion," the CAG observed. Notably, Rs145 bil..

InvITs AUM May Cross Rs8 Trillion by FY27
India’s Infrastructure Investment Trusts (InvITs) are entering a fresh growth phase, with assets under management (AUM) projected to exceed Rs8 trillion by FY27, up from around Rs6.3 trillion in FY25. This rise is largely driven by mature InvITs acquiring high-quality infrastructure assets, particularly in the road sector, which is expected to account for nearly 80 per cent of the incremental AUM.While the wave of acquisitions is set to push leverage levels to approximately 50 per cent, credit profiles remain stable, supported by predictable cash flows, long asset lives, and regulatory safeg..

Steel Ministry Schedules Open House on Import Norms
The Ministry of Steel will host an Open House on 29–30 July 2025 at the Steel Room, Udyog Bhavan, New Delhi, to discuss issues related to Steel Import Monitoring System (SIMS), Quality Control Orders (QCOs), and No Objection Certificates (NOCs) for steel imports.Companies and industry associations are invited to present their concerns by securing a time slot via email at tech-steel[at]nic[dot]in. Specific time slots will be allocated through email communication, and walk-ins will not be allowed due to logistical limitations.Each industry association may request one time slot to represent mem..