logo
UP cabinet okays 15km-long Chitrakoot link e-way

UP cabinet okays 15km-long Chitrakoot link e-way

Time of India22-07-2025
Lucknow: The state cabinet on Tuesday gave its nod for the construction of 15-km long Chitrakoot Link Expressway. The four-lane carriageway to come up at a cost of Rs 940 crore would facilitate movement between the Bundelkhand Expressway and Chitrakoot.
It would originate near Bharatkoop and span up to Ahmadganj locality, close to the UP-Madhya Pradesh border.
With the nod, the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) would commence the process of acquiring the land.
UPEIDA officials said the link expressway would act as a catalyst to increase vehicular movement over the Bundelkhand Expressway, as through the link expressway, the Satna–Chitrakoot–Prayagraj national highway would be easily accessible to motorists.
Those heading to the National Capital Region from Jabalpur, Katni, Maihar, Rewa and Satna are likely to opt for this access-controlled network of expressways (Bundelkhand, Lucknow-Agra and Yamuna Expressways).
A construction company would be asked to execute the project on EPC mode (engineering, procurement and construction) and look after its maintenance for five years after completion.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

26 years after shutting down lotteries, cash-strapped Himachal makes U-turn
26 years after shutting down lotteries, cash-strapped Himachal makes U-turn

Time of India

time24 minutes ago

  • Time of India

26 years after shutting down lotteries, cash-strapped Himachal makes U-turn

KULLU: Cash-strapped Himachal Pradesh is trying its luck with lottery to turn its fortunes. The cabinet has allowed lottery operations, which were shut down in 1999. Burdened with a debt of over Rs 1 lakh crore, it hopes to make a modest Rs 50 crore to Rs 100 crore annually from sale of lottery tickets. The decision to reintroduce lotteries after over a quarter century was taken in a cabinet meeting on July 31. The recommendation came from a cabinet sub-committee set up to give suggestions to boost state revenue. The move seems to be inspired by other states that run lotteries. Neighbouring Punjab earned Rs 235 crore through sale of lottery tickets during the 2024-25 fiscal while the tiny state of Sikkim made Rs 30 crore. Kerala tops the list - the southern state earned a jaw-dropping Rs 13,582 crore last fiscal. Himachal, which is finding it difficult to meet the expenses of rebuilding the damage caused by this year's landslides and flash floods, hopes to mop up some much-needed funds this way. "Many states earn through lotteries. You will be surprised to know how much Kerala earns. Himachal Pradesh govt has decided to restart the lottery system after a recommendation was made by a cabinet sub-committee," said industries minister Harshwardhan Chauhan. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Switch to UnionBank Rewards Card UnionBank Credit Card Apply Now Undo by Taboola by Taboola "We will follow the tender process to run lotteries in Himachal Pradesh, just as other states do." The decision to reintroduce lotteries in Himachal has come at a time when the state's debt stands at a back-breaking Rs 1,04,729 crore, and the per capita debt has reached Rs 1.17 lakh, the second highest after Arunachal Pradesh. To make the financial situation even worse, the revenue deficit grant, financial assistance from the Centre, has come down from Rs 6,258 crore in 2024 to Rs 3,257 crore in 2025, and GST compensation has been stopped by the Union govt. Govt is expected to introduce the bill on lotteries in the monsoon session of assembly, beginning Aug banned lotteries, both state-run and from outside, in 1999 during Prem Kumar Dhumal's tenure as chief minister. Lotteries are legal in 13 states - Punjab, Kerala, Madhya Pradesh, Maharashtra, Goa, Bengal, Mizoram, Nagaland, Sikkim, Manipur, Arunachal Pradesh, Meghalaya, and Assam.

ITC sees marginal decline in net profit, revenue up 20%
ITC sees marginal decline in net profit, revenue up 20%

Time of India

time29 minutes ago

  • Time of India

ITC sees marginal decline in net profit, revenue up 20%

1 2 Kolkata: ITC saw a marginal decline in net profit in the first quarter of FY26 to Rs 4,912 crore from Rs 4,917 crore in Q1FY25. Its revenue, however, saw a 20% jump from Rs 17,457 crore to Rs 20,911 crore. According to the company, the marginal decline in net profit was due to the demerger of its hotel business. Profit figures for Q1FY25 included Rs 97.5 crore from the hotels business. The conglomerate's profit would have been Rs 4,820 crore. The rise in revenue was largely due to cigarette and agri businesses as well as acquisitions. Net revenue of the cigarettes segment was up 7.7% year-on-year, with segment profit before interest and tax (PBIT) was up 3.7% year-on-year. "As seen in the past, stability in taxes on cigarettes, backed by deterrent actions by enforcement agencies, enabled volume recovery for the legal cigarette industry from illicit trade, leading to higher demand for Indian tobaccos and bolstering revenue to the exchequer from the tobacco sector," the company said. Revenue in the agri business segment revenue was up 39% year-on-year, driven by trading opportunities in bulk commodities and exports of leaf tobacco; segment PBIT was up 22% year-on-year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is this legal? Access all TV channels without a subscription! Techno Mag Learn More Undo "The business continued to focus on scaling up the value-added agri portfolio (e.g., aqua, spices, coffee); 2.2x over the last four years." You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata The company said continuing significant brand-building costs covering a range of personal care and branded packaged food products were reflected under 'other expenses' and impacted profits. FMCG businesses were up 8.6% year-on-year. The notebooks industry continues to operate under deflationary conditions due to low-priced paper imports and saw opportunistic play by local/regional competition. The beverages category was impacted by unseasonal rains during the quarter. Staples, biscuits, dairy, premium personal wash, homecare and agarbattis drove growth.

ED issues lookout circular against Anil Ambani in connection with Rs. 17,000 crore bank loan fraud case
ED issues lookout circular against Anil Ambani in connection with Rs. 17,000 crore bank loan fraud case

India.com

time31 minutes ago

  • India.com

ED issues lookout circular against Anil Ambani in connection with Rs. 17,000 crore bank loan fraud case

New Delhi: The Enforcement Directorate (ED) issued a lookout circular against Anil Ambani on Friday, August 1, to prevent him from leaving India. The update came hours after it summoned the Reliance Group Chairman for questioning on August 5 in connection with an alleged Rs. 17,000 crore bank loan fraud case. How did the market react to the news? Shares of Anil Ambani's companies, Reliance Power and Reliance Infrastructure, dropped by up to 5 per cent in early trading on Friday, soon after news reports said that the Enforcement Directorate (ED) had called Anil Ambani for questioning on August 5. Reliance Power's stock fell by 4.82 per cent to Rs. 50.30, and Reliance Infrastructure's stock dropped by 5 per cent to Rs. 311.60 on the Bombay Stock Exchange (BSE). What course of action is ED likely to follow? Anil Ambani has been asked by the ED to report to its office in New Delhi for questioning linked to an investigation into a suspected loan fraud and money laundering case involving his group companies. The ED plans to take his statement under the law that deals with money laundering (PMLA). Last week, the ED raided 50 business entities and 25 individuals connected to the Reliance Group under the Prevention of Money Laundering Act (PMLA) while at least 35 locations in Mumbai were searched on July 24.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store