PM Modi To Launch Rs 22 Billion Projects In Varanasi

05 Aug 2025 CW Team

In a major development boost for his parliamentary constituency, Prime Minister Narendra Modi will visit Varanasi on Saturday to inaugurate and lay the foundation stone for a series of infrastructure projects valued at around Rs 22 billion.

During the visit, PM Modi will also address a public gathering at 11 a.m. and release the 20th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme. Over Rs 205 billion will be transferred directly to the bank accounts of more than 97 million farmers across India, reaffirming the government’s ongoing commitment to the agricultural sector.

To improve regional connectivity, the Prime Minister will inaugurate the widening and strengthening of the Varanasi–Bhadohi road and the Chhitauni–Shool Tankeshwar road. A new railway overbridge at Hardattpur will also be opened to help decongest the busy Mohan Sarai–Adalpura route.

Additionally, the foundation stones will be laid for road upgrades in Dalmandi, Lahartara–Kotwa, Gangapur, and Babatpur, as well as new railway overbridges at Level Crossing 22C and Khalispur Yard to enhance local transport infrastructure.

In a move to modernise Varanasi’s electricity network, the Prime Minister will launch power projects worth over Rs 8.8 billion. These include the Smart Distribution Project and the undergrounding of overhead power cables to improve the reliability and safety of electricity supply.

To boost tourism and preserve the city’s cultural legacy, redevelopment works at eight riverfront Kuccha Ghats will be inaugurated, along with beautification of the Rangildas Kutiya ghat and pond in Shivpur and restoration of the historic Durgakund.

These projects reflect a holistic approach to Varanasi’s development, combining infrastructure enhancement with cultural preservation and agricultural support.

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..