The Cabinet has approved an allocation of over Rs 10,300 crore for the IndiaAI Mission today, marking a significant step towards bolstering India’s AI ecosystem. This substantial financial infusion, slated over the next five years, is poised to catalyse various components of the IndiaAI Mission, including pivotal initiatives like the IndiaAI Compute Capacity, IndiaAI Innovation Centre (IAIC), IndiaAI Datasets Platform, ...

The financial assistance for the Tea sector under the ‘Tea Development & Promotion Scheme’ has been increased by 82% from Rs. 290.81 crores to Rs.528.97 crore for the next 2 financial years (2024-25 and 2025-26). A range of incentives are planned to be provided to small tea growers by mobilizing them into SHGs and FPOs. Setting up of 800 SHGs ...

In a significant stride towards fortifying indigenous manufacturing capabilities and fostering innovation in the pharmaceutical sector, the Technology Development Board (TDB) has entered into an agreement with M/s Alchem Synthon Pvt. Ltd., Mumbai. The board will provide a loan assistance of ₹8.6 crores out of the total project cost of ₹19.01 crores for the “Development and Commercialization of Advanced Pharmaceutical ...

The Union Minister for Power and New & Renewable Energy Shri R. K. Singh has exhorted the Indian manufacturing industry to embrace the challenge of being able to compete globally, to make in India not only for India but for the world. The Minister said this, while addressing the 2nd edition of The Times Group WorldWide Media Festival of Manufacturing 2024, ...

In a significant stride towards achieving 100% coverage of country’s area for the development of City Gas Distribution (CGD) network, the Petroleum and Natural Gas Regulatory Board (PNGRB) hosted a Concluding Ceremony for the 12th CGD Bidding Round here today. The event was inaugurated by Shri Hardeep Singh Puri, Minister for Petroleum and Natural Gas & Housing and Urban Affairs, ...

Our country is endowed with 5th largest geological reserves of coal.  We are 2nd largest consumers of coal.  More than 70% of our power generation is contributed by Thermal Power Plants.  For growing economy, the requirement of power is fast increasing. The Indian coal sector has undergone radical changes during last 10 years. The all-encompassing strategy, evident in initiatives such as commercial ...

There is month on month (m-o-m) and year-on-year (yoy) increase in coal production and dispatch from captive and commercial. The total coal production and dispatch from captive and commercial coal mines during the period from 1st April to 29th February 2024 was 126.80 MT and 128.88 MT, marking an impressive increase of 27.06% and 29.14% respectively, as compared to the same ...

Union Minister of Education and Skill Development & Entrepreneurship, Shri Dharmendra Pradhan, launched Project ODISERV today in Sambalpur to prepare young graduates of Odisha for employment opportunities in the financial services sector. While speaking at the event, Shri Pradhan said that the Project ODISERV will empower the youth of the country, make them more employable and fulfil their aspirations. He ...

On cumulative basis from April 2023 – February 2024, freight loading of 1434.01 MT was achieved by Indian railways against last year’s loading of 1367.5 MT, an improvement of approximate 66.51 MT over last year’s loading for the same period. Railways has earned Rs 155557.1 Crore against Rs 149088.1 Crore over the last year which is an improvement of approx. ...

The Government of India has amended the Electricity (Late Payment Surcharge and Related Matters) Rules of 2022 in order to ensure adequate supply of electricity to meet the growing demand in the country. The amendments will enhance the reliability of power supply for all consumers. Speaking about the amendments, the Union Minister for Power and New & Renewable Energy Shri R. K. ...