Govt approves new building construction for Puducherry legislation

25 Sep 2021 CW Team

The government has approved the construction of a new assembly building for the Puducherry legislative assembly.

On Thursday, the officials said that the Centre has agreed to allocate Rs 200 crore in the current fiscal year and Rs 100 crore in the next fiscal years for the construction of the new legislative building.

The Puducherry legislation is currently operating in a building constructed by the French and the Secretariat in another building on the beach road.

Prior to this, there was a demand for the construction of an integrated assembly complex constituting the Chief Secretariate at Rs 310 crore.

R Selvam, Speaker of the assembly, met the Finance Minister Nirmala Sitaraman and submitted a letter from the CM N Rangaswamy, wanting financial support from the Speaker of Lok Sabha, Om Birla.

For the new assembly construction, the government's land at Thattanchavady was identified, which was appraised by the Centre and then received approval for the building construction.

Image Source

Also read: Government spent Rs 238 cr on the new parliament building

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..