Gold
Persimmon Warns of Rising Costs, Shares Drop 8% Amid Inflation Fears
Minister urges swift removal of obstacles in infrastructure projects
G R Anil, Food and Civil Supplies Minister, highlighted that numerous obstacles impede the initiation of large projects, emphasising the need to eliminate unnecessary protests and misinformation that hinder development. He made these remarks during the inauguration of the organising committee for the Pothencode-Mangalapuram road at the Pothencode panchayat office. The minister expressed the goal of completing the road construction within five months, stating that its completion would resolve traffic issues in Pothencode. He also announced that the Public Works Department (PWD) Minister Moham..
90 Infra Projects Worth Rs 34.17 bn Approved for North East in 4 Years
The Ministry of Development of North Eastern Region (MDoNER) has approved 90 projects with a total expenditure of Rs 34.17 billion under the North East Special Infrastructure Development Scheme (NESIDS) over the past three financial years (2021-22 to 2023-24) and the on-going financial year 2024-25. This announcement was made in a written reply in the Lok Sabha by Sukanta Majumdar, Union Minister of State for Development of North Eastern Region. The NESIDS scheme is categorised into two components: NESIDS (roads): This component focuses on developing physical assets such as roads, bridges,..
Steel Ministry restricts import of substandard products
The central government has identified instances of substandard steel imports and has taken measures to prevent their entry into the country. The Ministry of Steel stated that cheaper imports tend to lower domestic steel prices and negatively impact both large and small steel producers. According to the ministry, numerous traders and manufacturers have been attempting to bypass the Bureau of Indian Standards (BIS) requirements by making minor alterations to steel grades. Official reports indicate that this appears to be an effort to import inexpensive steel under the guise of different grades. ..
