India, June 30 -- The Government of India has issued a release: The Board of Directors of Power Finance Corporation Limited (PFC) and REC Limited (REC) approved the Scheme of Merger (Scheme) for merger of REC (Transferor Company) into PFC (Transferee Company) and their respective shareholders and creditors, under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The merger of REC into PFC shall create a financing entity with an aggregate loan book of over INR 11 la...
India, June 30 -- The Government of India has issued a release: In a significant boost to railway infrastructure in Bihar, Indian Railways has approved the doubling of the 44.40 km Mansi-Saharsa section of East Central Railway at a cost of Rs.499 crore. The project will augment line capacity, improve operational efficiency and cater to the growing demand for passenger and freight movement on this important route. Capacity Enhancement on a Busy Rail Corridor The Mansi-Saharsa section is presen...
India, June 30 -- The Government of India has issued a release: Indian Railways has sanctioned a project worth Rs.432 crore for the replacement of relay-based interlocking with Electronic Interlocking (EI) at 27 stations/cabins (including 1 IBS location) on the High Density Network (HDN) and Highly Utilised Network (HUN) routes of Asansol Division of Eastern Railway. The sanctioned work includes the replacement of 28 relay-based interlocking installations (27 PI/RRI and 1 IBS) with state-of-th...
India, June 30 -- The Government of India has issued a release: In a significant step towards strengthening the digital communication backbone of Indian Railways, Indian Railways has approved the provision of Balance 48-Fibre Optical Fibre Cable (OFC) across South Eastern Railway at a cost of Rs.200 crore. The project will provide 48-fibre OFC connectivity over 1,696.2 Route Kilometres (RKm) across four major divisions of South Eastern Railway, reinforcing the communication network that suppor...
India, June 30 -- The Government of India has issued a release: To strengthen safety, quality and long-term durability of the National Highway network, National Highways Authority of India (NHAI) has taken an initiative to empanel Indian Institutes of Technology (IITs) and other reputed technical institutions for independent proof checking of hydraulic studies and design of major bridge structures across National Highway projects in all new projects. The initiative is aimed at ensuring that maj...
India, June 30 -- The Government of India has issued a release: The Government of India has notified the revised wage rates payable under the Viksit Bharat - Guarantee for Rozgar and Ajeevika Mission (Gramin): VB- G RAM G (विकसित भारत - जी राम जी) Act, 2025, with effect from 1 July 2026, coinciding with the nationwide commencement of the Act. The revised notification marks a landmark step towa...
India, June 30 -- The Government of India has issued a release: The Viksit Bharat - Guarantee for Rozgar and Ajeevika Mission (Gramin) [VB-G RAM G] Act, 2025 will come into force across rural India with effect from July 1, 2026, ushering in a strengthened framework for rural employment, livelihood security and sustainable village development. The Act enhances the statutory wage employment guarantee from 100 days to 125 days for every eligible rural household and seeks to create durable rural as...
India, June 30 -- The Government of India has issued a release: The Rashtriya Gramin Vikas Sammelan (RGVS) 2026, organised by the Ministry of Rural Development and aligned with Prime Minister Shri Narendra Modi's vision of rural transformation, concluded on 29 June 2026 with a shared commitment to accelerate the vision of Viksit Gram, Viksit Bharat through stronger Centre-State collaboration, community-led development, and technology-driven governance. The two-day national conclave served as a ...
India, June 30 -- The Government of India has issued a release: Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences and Minister of State for PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh, today said that stronger partnerships between agricultural research and industry will drive India's next phase of economic growth by creating greater value from scientific innovation. He said India's agriculture sector continues to o...
India, June 30 -- The Government of India has issued a release: Bridging a critical technology gap in India's industrial automation ecosystem, the Technology Development Board (TDB), under the Department of Science & Technology (DST), Government of India, has extended financial assistance to M/s Puretronics India Private Limited, Mumbai, for the project titled "LMO - Load Measurement Overload Sensor (India's First Fully Contactless Programmable Load Measurement System)." The project seeks to c...