PNB Housing Finance, others in push to offload bad loans

Railway Board Approves Budgam–Delhi Parcel Train

The Railway Board has approved the launch of a Joint Parcel Product–Rapid Cargo Service (JPP-RCS) for the Jammu division. The train will operate daily between Budgam railway station in the Kashmir Valley and Adarsh Nagar in Delhi.The service will comprise one seating-cum-luggage rake and eight parcel vans. To support traders, loading and unloading facilities will be provided at Bari Brahmana station. Initially, the cargo service will run on a pilot basis, with security arrangements ensured by state police.Officials said the initiative is designed to increase the railways’ share in the cour..

PFC Secures EUR 150 Million Loan from KfW to Fund RDSS Projects

Power Finance Corporation (PFC) has signed a loan agreement worth EUR 150 million with Germany’s KfW to finance projects under the Government of India’s Revamped Distribution Sector Scheme (RDSS).The funding will support initiatives aimed at improving the operational and financial efficiency of power distribution companies across the country.Parminder Chopra, CMD, PFC, said, “PFC has been at the forefront of financing and enabling reforms in India’s power distribution sector. This new line of credit will help in realising Government’s vision of ensuring reliable, affordable, and sust..

PM Launches Rs 68.80-Bn Buxar Thermal Power Plant, Key Projects in Bihar

Prime Minister Narendra Modi on Friday inaugurated a series of projects in Bihar, including the Rs 68.80-billion Buxar thermal power plant from Gayaji district.The thermal power plant is expected to significantly enhance power generation, strengthen energy security, and cater to the rising electricity demand in the region.The Prime Minister also flagged off two new trains – the Amrit Bharat Express between Gayaji and Delhi, and the Buddhist Circuit train between Vaishali and Koderma, aimed at improving connectivity and tourism across key Buddhist destinations.In the healthcare sector, he ina..