Gold
NITI Aayog's VC Envisions Distinctive, Disruptive, and Responsible Growth for Urban Infrastructure
Coal Ministry targets asset monetisation worth around Rs 550 bn in FY25
The Union Ministry of Coal revealed its aim to monetize assets worth Rs 547.21 billion in the financial year 2025, representing a 9% increase from the target set in FY24, which was Rs 501.18 billion. In response to a query received via email, the coal ministry stated, "The projected target concerning the asset monetization plan for FY 24-25 is Rs 547.21 billion. In FY 2023-24, asset monetization amounted to Rs 551.48 billion until February 2024, surpassing the NITI Aayog target of Rs 501.18 billion."
The primary methods for asset monetisation for the ministry would involve commercial a..
India's Toll System Unveiled: Powering Roads with Rs.1.3 Trillion
Introduction
India's vast network of highways is not just a testament to connectivity but also to the financial ingenuity that fuels its expansion and maintenance. Ever pondered over the significance of those toll booths dotting the highways? In this article, we unveil the mechanisms behind toll-based financing, the meteoric rise of toll revenues, and the projected financial trajectory fueling India's road infrastructure.The Evolution of India's Toll System
The roots of India's toll system trace back to the visionary initiatives of the 1990s under Prime..
How industries can adopt sustainable practices to reduce water stress and accomplish conservation goals
IL&FS Requests New MMRDA Nod for Mumbai HQ Transfer
IL&FS has sought renewed approval from the Mumbai Metropolitan Region Development Authority (MMRDA) to transfer its headquarters within Mumbai. This move indicates IL&FS's commitment to navigating regulatory requirements amid ongoing restructuring efforts.
IL&FS's request for new approval underscores its determination to ensure compliance with all necessary regulations and expedite the headquarters transfer process. It reflects the company's efforts to streamline its operations and address administrative challenges as part of its restructuring endeavours.
The need for fresh appro..
Malaysian Carbon Credit Auction Begins July
In a significant move towards environmental sustainability, Malaysia's carbon exchange will host its first local carbon credit auction in July. This event marks a pivotal step in the nation's commitment to reducing carbon emissions and fostering a green economy.
The Malaysian carbon exchange aims to provide a structured marketplace for carbon credits, where companies can buy and sell these credits to offset their carbon footprints. This initiative aligns with global efforts to mitigate climate change by encouraging businesses to adopt more sustainable practices.
The auction w..
