Unity Infraprojects gets three projects worth Rs 2 bn

Govt Reviews BioE3 Policy to Boost India’s Bioeconomy

The Government’s flagship BioE3 Policy—Biotechnology for Economy, Environment & Employment—was the focus of a high-level joint review of all Science Ministries chaired by Union Minister of State (Independent Charge) for Science and Technology, Earth Sciences, and Minister of State for PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr Jitendra Singh, today.The meeting, held in New Delhi, assessed cross-sector scientific initiatives and emphasised outcome-based coordination across departments in line with India’s Vision 2047 objectiv..

RRB Amalgamation Reduces Numbers to 28, Boosts Viability

To improve the operational viability of Regional Rural Banks (RRBs) and harness economies of scale, the Government of India initiated structural consolidation of RRBs in the financial year 2005-06.During Phase I (2005-10), the number of RRBs was reduced from 196 to 82 by amalgamating RRBs sponsored by the same bank within a state. Phase II (2012-14) further reduced the number from 82 to 56 by amalgamating RRBs across different sponsor banks operating in geographically contiguous areas within a state. Phase III began in 2019, focusing on merging weaker RRBs with stronger ones, bringing the tota..

Centre Approves Rs 20 Billion for NTPC and Rs 7 Billion for NLC Renewables

The Cabinet Committee on Economic Affairs has approved a substantial investment of Rs 20 billion in the National Thermal Power Corporation of India (NTPC) to bolster renewable energy production through its wholly owned subsidiary, NTPC Green Energy.In addition, the committee sanctioned NLC India’s request to invest Rs 7 billion in its subsidiary, NLC India Renewables Limited (NIRL), aimed at expanding renewable energy projects.With this fresh capital injection, NTPC is targeting a renewable power capacity of 60 gigawatts (GW) by 2032. These investments will enhance the renewable energy portf..