Centre Releases Rs 7.23 Billion XV-FC Grants for Rajasthan, Jharkhand

29 Dec 2025 CW Team

The Centre has recently released over Rs 7.23 billion as Fifteenth Finance Commission (XV-FC) grants to strengthen Panchayati Raj Institutions and Rural Local Bodies in Rajasthan and Jharkhand during FY 2025–26.

In Rajasthan, the first instalment of untied grants amounting to Rs 3.03 billion has been released for 24 District Panchayats, 339 Block Panchayats and 3,857 Gram Panchayats. In addition, Rs 1.45 billion of the withheld portion of the first and second instalments for FY 2024–25 has been released to newly eligible rural local bodies in the state.

For Jharkhand, the Centre has released Rs 2.75 billion as the first instalment of untied grants for FY 2024–25, covering 24 District Panchayats, 253 Block Panchayats and 4,342 Gram Panchayats across the state.

The grants are recommended by the Ministry of Panchayati Raj and the Ministry of Jal Shakti and released by the Ministry of Finance in two instalments each financial year. Untied grants are meant for local development needs under the Eleventh Schedule of the Constitution, excluding salaries, while tied grants are earmarked for sanitation, waste management, drinking water supply, rainwater harvesting and water recycling.

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..