MMRDA Cuts Cost of Uttan-Virar Coastal Road by Rs 340 Billion
The Mumbai Metropolitan Region Development Authority (MMRDA) has significantly reduced the cost of the Uttan-Virar Coastal Road (UVCR) project by Rs 340 billion, bringing the total projected expense down to Rs 52.7 billion from the earlier estimate of Rs 87.4 billion. The revised proposal was presented to Maharashtra Chief Minister Devendra Fadnavis and Deputy Chief Minister Eknath Shinde during a review meeting in Mumbai.This 55.12 km coastal corridor includes a 24.35 km main road and 30.77 km of connecting roads, designed to enhance connectivity between Mumbai's northern suburbs and its west..
Cabinet Approves Rs 1 Lakh Cr Employment Incentive Scheme
The Union Cabinet has approved the Employment Linked Incentive (ELI) Scheme with an outlay of Rs 99,446 crore to generate over 3.5 crore jobs over two years. The scheme supports both employees and employers, especially in the manufacturing sector.First-time employees earning up to Rs 1 lakh will get up to Rs 15,000 in two instalments. Employers hiring two or more workers will receive incentives up to Rs 3,000 per month for up to four years. The scheme also promotes savings and financial literacy among youth...
Cabinet Clears Rs 1,853 Cr Four-Lane Highway in Tamil Nadu
The Union Cabinet has approved the four-laning of the 46.7 km Paramakudi-Ramanathapuram stretch of NH-87 in Tamil Nadu at a cost of Rs 1,853 crore under the Hybrid Annuity Model. The project will ease traffic congestion and improve connectivity between key towns and economic zones.The highway links five NHs and three SHs, and connects to Madurai airport, Rameshwaram port, and major railway stations. It is expected to generate 18 lakh+ person-days of employment and boost tourism and trade in the region. ..
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