Brookfield to Acquire Reliance Worldwide Corporation for $2.8 Billion

EPFO Wage Ceiling Raised to Rs 25,000 per Month

The Union Cabinet has approved the proposal to increase the wage ceiling for mandatory coverage under the Employees’ Provident Fund Organisation (EPFO) from Rs 15,000 to Rs 25,000 per month. The move is expected to bring over 51 lakh additional employees under the EPFO social security framework.The revised ceiling will extend access to provident fund savings, pension benefits under the Employees’ Pension Scheme (EPS) and insurance coverage under the Employees’ Deposit Linked Insurance Scheme (EDLI) to a wider section of employees earning between Rs 15,000 and Rs 25,000 per month.The EPFO..

Maharashtra to Get Rs 270 Billion Shipbuilding Cluster

Mazagon Dock Shipbuilders Ltd (MDL) will invest around Rs 27,000 crore to develop a greenfield shipbuilding cluster at Dighi Port in Maharashtra’s Raigad district. The project is expected to create nearly 90,000 employment opportunities, according to the state government.MDL has signed a memorandum of understanding (MoU) with National Shipbuilding and Heavy Industries Park Maharashtra Ltd (NSHIPML) for the development of the project in the presence of Maharashtra Chief Minister Devendra Fadnavis.Under the agreement, MDL aims to establish an annual shipbuilding capacity of at least 2 million ..

Railways Opens Five Gati Shakti Cargo Terminals in Gujarat

Union Minister for Railways Shri Ashwini Vaishnaw inaugurated, dedicated to the nation and laid the foundation stone for five Gati Shakti Cargo Terminals (GCTs) in Gujarat, strengthening the state’s freight handling capacity and connectivity with markets across the country. The Shivlakha GCT in Kachchh was inaugurated, while the GCTs at Bhimasar in Kachchh, Devaliya in Morbi and Chandisar in Banaskantha were dedicated to the nation. The foundation stone was also laid for the upcoming GCT at Linch in Mahesana. During the event, the Railway Minister flagged off a salt-loaded freight train fr..