DMFT spurs Rajasthan's infrastructure with Rs 6,000 crore projects

11 Aug 2023 CW Team

Projects worth Rs 62.67 billion have received approval out of the Rs 82.70 billion amassed under the District Mineral Foundation Trust (DMFT) in Rajasthan. This update was provided by a senior official from the mines department. The state has undertaken more than 20,187 infrastructure development projects within mining districts, with 12,659 already completed at a cost of Rs 37.41 billion, as reported by the official.

Veenu Gupta, ACS (mines), announced that DMFT's governing council meetings will convene every six months to expedite decision-making and project endorsements. Emphasis will also be placed on meticulously supervising the quality of structural work. Gupta highlighted that 60% of the funds have been allocated to critical amenities such as clean water supply, environmental conservation, healthcare, education, and welfare programs for women and children.

Furthermore, approximately 40% of the funds have been earmarked for irrigation, energy, water conservation initiatives, road construction, and aiding silicosis victims. Gupta stated that district-level project monitoring units will be established to ensure the efficient execution and quality of work. This proactive approach seeks to identify required interventions promptly. Across the country, District Mineral Foundations have been established in 626 districts spanning 23 states, reflecting the commitment to fostering regional development.

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..