Cabinet approves 'PM e-Bus Sewa' scheme

18 Aug 2023 CW Team

The "PM-eBus Sewa" has been approved by the Union Cabinet, which is chaired by Prime Minister Narendra Modi, to improve city bus operations. Priority has been given to cities with no organized bus service.

At a press conference in New Delhi on Wednesday, Union Minister Anurag Thakur said that 10,000 e-Buses would be deployed in 169 cities. It is predicted that the program will create 45,000–55,000 direct jobs. The scheme will cost an estimated Rs 57,613 crore, of which the central government will contribute Rs 20,000 crore and state governments the remaining Rs 57,000 crore. Buses will be purchased through a public-private partnership (PPP). There will be open bidding and participation from private parties. The program will operate until 2037, according to Thakur.

Additionally, the Cabinet approved a plan to significantly improve railway infrastructure by approving seven Ministry of Railways projects with a combined projected cost of almost Rs 32,500 crore. According to Railway Minister Ashwini Vaishnaw, these projects will increase the length of the Indian Railways' current network by 2,339 km.

35 districts in nine states—UP, Bihar, Maharashtra, Andhra Pradesh, Gujarat, Odisha, Jharkhand, West Bengal, and Telangana—will be covered by these new railway projects.

Real Estate

29 May 2026

Senior Living Shifts Beyond Retirement Housing

Senior living in India is increasingly being positioned as a lifestyle-driven housing segment rather than conventional retirement accommodation. Across projects in Bengaluru, Pune and the NCR, developers are focusing on wellness ecosystems, assisted independence and active ageing, reflecting changing perceptions of later life among urban affluent buyers.The shift is being driven by financially secure seniors seeking socially engaged and professionally managed communities instead of ageing in large family homes. Developers are also moving away from standalone retirement campuses, particularly i..

Antica Ceramica Launches Heritage-Inspired Terracotta Tiles

Antica Ceramica has launched a new terracotta tile collection inspired by India’s architectural heritage and designed for contemporary interiors and exteriors. The range combines handcrafted aesthetics with modern functionality, bringing warmth, texture and cultural character to residential and hospitality spaces.Drawing inspiration from traditional courtyards, verandahs and heritage homes, the collection features terracotta tones, handcrafted motifs and customisable patterns aimed at transforming flooring and surfaces into design elements. The launch reflects growing demand for natural mate..

TIL Reports FY26 Recovery, Expands Into Clean Energy

TIL has reported its Q4FY26 and full-year FY26 financial results, highlighting recovery in machine sales, operational improvement in the second half of the year and expansion into the clean energy segment through acquisition.The company reported FY26 revenue of Rs 3.37 billion, marginally lower than Rs 3.43 billion in FY25. Operational income rose to Rs 3.23 billion from Rs 3.15 billion a year earlier. EBITDA stood at Rs 184.6 million against Rs 402.4 million in FY25, while profit before tax was reported at a loss of Rs 407.3 million compared to a profit of Rs 41.9 million in the previous year..