No Andhra Pradesh Projects Under Review for FMP Support

03 Dec 2025 CW Team

A joint study by the Central Water Commission and ISRO’s Regional Remote Sensing Service Centre has identified 28.267 thousand hectares of waterlogged land and 12.933 thousand hectares of salt-affected soil in Andhra Pradesh across major and medium irrigation commands. The State Government has also highlighted the Budameru Diversion Channel, spanning 11.9 km, as a vulnerable stretch during floods.

Under the Flood Management Programme (FMP) component of the Flood Management and Border Areas Programme (FMBAP), the Centre extends financial support for flood control, anti-erosion works, drainage improvement and anti-sea-erosion measures. Funding is available only for new critical projects on main interstate rivers that meet a minimum investment threshold—Rs 1 billion for General Category States and Rs 0.5 billion for Special Category and Hilly States—and adopt modern technologies. Eligibility also requires implementation of Flood Plain Zoning through legislation or executive order.

The funding pattern is 60:40 for General Category States and 90:10 for Special Category and Hilly States. At present, no proposals from Andhra Pradesh are under consideration for assistance.

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..