Prestige Group plans to set up $500 million investment funds

Bihar Slashes Aviation Fuel Tax to 4 Per Cent

In a major push to improve air connectivity and promote tourism, the Bihar Cabinet, led by Chief Minister Nitish Kumar, has approved a sharp reduction in value-added tax (VAT) on aviation turbine fuel (ATF) from 29 per cent to 4 per cent. Previously applicable only at Gaya airport, the revised rate will now extend to all airports in the state.The move is designed to encourage airlines to operate more commercial flights in Bihar, reduce airfare, and align with the Central Government’s Regional Connectivity Scheme (RCS), which aims to make air travel more affordable and widespread.Bihar, home ..

Kerala Revives Silverline, Sabari Rail Projects

The Kerala government, led by Chief Minister Pinarayi Vijayan, is once again pushing ahead with the Silverline semi-high-speed rail project, despite the public opposition and earlier resistance from the central government. Vijayan recently held discussions with Union Railway Minister Ashwini Vaishnaw in Delhi to revive the stalled initiative. Sources indicate that the Union Minister has shown willingness to consider a revised proposal submitted by noted engineer E. Sreedharan, popularly known as the ‘Metroman’. The original Silverline proposal had faced firm objections from India..

India Partners Globally To Meet Marine Vision 2047

Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, announced that India is actively engaging with global maritime leaders to achieve the ambitious targets set under the Maritime India Vision 2047. The statement was made during his visit to Norway, where he is leading the Indian delegation at Nor-Shipping 2025.As part of this international cooperation, Garden Reach Shipbuilders & Engineers (GRSE) has signed an agreement with Norwegian maritime company Kongsberg to build India’s first Polar Research Vessel (PRV). This marks a significant advancement in India’s marine r..