MahaYuti Govt Cancels Shaktipeeth Highway Land Deal

11 Sep 2024 CW Team

In a major shift, the MahaYuti government has decided to cancel the land acquisition process for the ambitious 802 km Shaktipeeth Highway, following intense protests from farmers, opposition parties, and even some ruling party members.

The Rs 863 billion project, which aims to cut travel time between Nagpur and Goa from 13 hours to 8, was set to enhance regional connectivity and boost tourism by linking several prominent Hindu pilgrimage sites. However, significant opposition emerged from farmers concerned about losing 27,000 acres of land and potential impacts on agriculture.

Chief Minister Eknath Shinde has directed the cancellation of the land acquisition process, initially planned to be completed by December. The Maharashtra State Road Development Corporation (MSRDC), responsible for the project, has forwarded a proposal to halt the process.

Shinde assured that the project will only proceed after thoroughly considering the concerns of affected communities. The decision follows criticism from NCP(SP) chief Sharad Pawar, who had expressed strong opposition to the highway's development.

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..