Tamil Nadu: NDA allocated Rs 63.62 Bn for developing railways

20 Aug 2024 CW Team

Union Railway Minister Ashwini Vaishnaw stated on Monday that the NDA government had allocated a "record amount" of Rs 63.62 billion for the development of railways in Tamil Nadu. He remarked that this allocation is more than seven times the average annual allocation during the UPA era, which stood at only Rs 8.79 billion per year. The minister shared this information in a post on X.

In response to concerns raised by Chief Minister M. K. Stalin regarding the reduction in funds allocated for railway projects in Tamil Nadu, the minister suggested that projects could progress more swiftly if the state government supported the Centre in land acquisition efforts. He pointed out that only 807 hectares of land had been acquired so far, against a requirement of 2,749 hectares. The minister requested the Chief Minister?s intervention in accelerating the land acquisition process, adding that the Centre would meet the state halfway in its efforts. He assured that if the state took one step forward, the Centre would take two steps towards the development of railways in Tamil Nadu.

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..