logo
Four-lane spur route to connect B'khand e-way to Chitrakoot

Four-lane spur route to connect B'khand e-way to Chitrakoot

Time of India16 hours ago

Lucknow: A 15-km-long four-lane spur route will be constructed to link Bundelkhand Expressway to Chitrakoot. The greenfield expressway would span between Gonda and Ahmadganj towns in Chitrakoot and would be completely access controlled, officials said.
The spur route would come up as a second option for commuters and transporters who would take up to land in defence corridor in Chitrakoot. Currently, Bundelkhand Expressway originates in Etawah and terminates near Bharatkoop area in Chitrakoot.
The expressway will be designed to facilitate movement of motor vehicles at a maximum speed of 120km per hour according to road safety measures.
It is estimated that the expressway would cost close to Rs 515 crore.
The right of way of the carriageway will be 110 metre while land would be left adjacent to the 15-km long high speed route to add one lane on the either side to upgrade the four-lane expressway to six-lane in future.
According to the detailed project report prepared by UPEIDA (Uttar Pradesh Expressways Industrial Development Authority), 167 hectare of land will be required to shape up the project. It is crucial to create a spur route to connect the 296-km long Bundelkhand Expressway with Chitrakoot as the district is a part of the UP defence industrial corridor.
"To lure investors and entrepreneurs in the region, it is important to provide connectivity link between Chitrakoot and the existing expressway," a senior officer from the authority said. UPEIDA has already initiated the process of awarding the 70 plots that have been developed in the Chitrakoot node of the corridor to defence manufacturing and technology companies.
"The reserved rate for one sq mt of land has been pegged at Rs 631 at present. Providing better connectivity and accessibility is crucial to attract investments and the spur route would connect the Chitrakoot defence node directly to Bundelkhand Expressway," the officer said.
Follow more information on
Air India plane crash in Ahmedabad here
. Get
real-time live updates
on rescue operations and check
full list of passengers onboard AI 171
.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

From Rs 25,000 monthly salary to Rs 5 crore savings in 11 years: How a middle-class employee achieved his dream
From Rs 25,000 monthly salary to Rs 5 crore savings in 11 years: How a middle-class employee achieved his dream

Time of India

time40 minutes ago

  • Time of India

From Rs 25,000 monthly salary to Rs 5 crore savings in 11 years: How a middle-class employee achieved his dream

Inspired by Long-Term Investing Crisis as an Opportunity Living Within Means and Planning Ahead Avoiding Common Pitfalls Achieving financial independence on a modest salary may seem out of reach for many middle-class professionals. But over 11 years, one salaried individual steadily built a net worth of Rs 5 crore—without inheritance, business income, or sudden windfalls. His journey, shaped by disciplined saving, long-term investing, and strategic career choices, offers practical insights for anyone looking to grow wealth from 2013, a middle-class employee began his career with Rs 25,000 monthly salary. From the very beginning, he set aside 25% of his income as savings. His financial discipline grew stronger after he shifted back to his hometown, eliminating rental expenses and increasing his savings rate to 75%. By 2024, this approach helped him build a net worth of Rs 5 crore—a milestone he called his biggest achievement of the his entire financial journey on the INDmoney YouTube channel, he credited this financial transformation to three key factors: prioritising career growth to increase his income, practising delayed gratification, and staying committed to equity investing. Importantly, he noted that having no debt and not paying rent gave him a significant head start.A defining moment in his investment journey came during his stint as a wealth manager. There, he came across an ITC employee whose employee stock options had grown into a Rs 5 crore corpus over two decades. This real-life example solidified his faith in the power of long-term equity investing and compounding entered the stock market in 2013–14, gradually building a portfolio that yielded annualised returns of around 18–20%. His stock-picking approach centred on small companies in growing industries, avoiding highly saturated market leaders. He preferred businesses that generated healthy cash flows, had minimal debt, and avoided red flags like promoter pledging or frequent equity 2020 market crash proved to be a turning point. His portfolio fell by 45% during the COVID crisis. Instead of panicking, he doubled down and bought more stocks as the Nifty Index dropped to the 8,000–10,000 range. This aggressive move paid off, helping his portfolio recover strongly in the following 90% of his assets are in equities, while the remaining 10% is split between cash, NPS, and EPF. He has also started exploring passive income sources such as REITs and infrastructure investment trusts, including IndiGrid, which offers nearly 10% achieving a high net worth, he remains cautious about early retirement. His current monthly expenses stand at Rs 1–1.2 lakh, and he believes that Rs 5 crore may not be enough to sustain financial independence in the long term, especially with rising education and lifestyle also highlighted how pursuing an MBA helped boost his income significantly, compared to peers who joined the workforce right after engineering. In his early years, he opened a PPF account and delayed luxury purchases, even buying his first iPhone only after accumulating a Rs 10 lakh back, he cautioned against getting swayed by investment fads like cryptocurrencies or bankrupt stocks. He emphasized the importance of building a solid foundation first and sticking to long-term fundamentals. In one of his online interactions, he underlined that staying invested for the long run was far more effective than trying to time the summed up his philosophy by saying that while investing is undoubtedly challenging, the long-term grind of working 9 to 5 for 40 years is even harder.

Compliance review: Sun Pharma's Halol plant gets 8 USFDA observations; company vows remedial steps after inspection
Compliance review: Sun Pharma's Halol plant gets 8 USFDA observations; company vows remedial steps after inspection

Time of India

time43 minutes ago

  • Time of India

Compliance review: Sun Pharma's Halol plant gets 8 USFDA observations; company vows remedial steps after inspection

Sun Pharmaceutical Industries Ltd on Saturday said the US Food and Drug Administration (USFDA) has issued a Form 483 with eight observations following an inspection of its Halol manufacturing facility in Gujarat. Tired of too many ads? go ad free now The inspection, which focused on Good Manufacturing Practices (GMP), was conducted between June 2 and June 13, 2025, the company said in a regulatory filing to the stock exchanges. 'At the conclusion of the inspection, the USFDA issued a Form-483 with 8 observations,' Sun Pharma stated as quoted PTI. A Form 483 is issued by the US health regulator to a company's management when an investigator observes conditions that may violate the Food Drug and Cosmetic (FD&C) Act and associated regulations. Such observations are not final determinations, but they typically require prompt corrective action and a written response from the manufacturer. Sun Pharma did not disclose the nature of the observations but is expected to submit a comprehensive remediation plan in line with regulatory protocol. Meanwhile, the drug major reported a 19% year-on-year (YoY) decline in consolidated net profit for the March quarter FY 2024-25, which stood at Rs 2,154 crore compared to Rs 2,659 crore in the same period last year. Revenue from operations, however, rose 8% YoY to Rs 12,959 crore, up from Rs 11,983 crore in Q4FY24. On a sequential basis, both profit and revenue decreased. Profit after tax (PAT) dropped 26% from Rs 2,913 crore in Q3FY25, while revenue fell 5% from Rs 13,675 crore in the previous quarter. For the full financial year, net profit increased to Rs 10,965 crore from Rs 9,610 crore in FY24. Meanwhile, revenue grew by 8.5% to Rs 52,578 crore in FY25, up from Rs 48,497 crore the previous year.

Safety checks completed for 9 Boeing 787 Dreamliners; checks may result in flight delays: Air India
Safety checks completed for 9 Boeing 787 Dreamliners; checks may result in flight delays: Air India

The Hindu

timean hour ago

  • The Hindu

Safety checks completed for 9 Boeing 787 Dreamliners; checks may result in flight delays: Air India

Air India on Saturday (June 14, 2025) said it has done one-time safety checks on nine of its Boeing 787 Dreamliners and is on track to complete the checks on the remaining 24 such planes as directed by aviation regulator DGCA. In the wake of the fatal crash of Air India's Boeing 787-8 plane in Ahmedabad on Thursday (June 12, 2025), the Directorate General of Civil Aviation (DGCA) on Friday ordered enhanced safety checks of the aircraft fleet. Air India has 33 Boeing 787-8/9 planes. #ImportantUpdate Air India is in the process of completing the one-time safety checks directed by the Indian aviation regulator, DGCA. These checks are being carried out on the Boeing 787 fleet as they return to India, before being cleared for their next operations. Air India has… — Air India (@airindia) June 14, 2025 "Some of these checks could lead to higher turnaround time and potential delays on certain long-haul routes especially those to airports with operating curfews. Customers will be duly notified about any delays," the airline said in a post on X. The airline said it is in the process of completing the one-time safety checks directed by DGCA. "These checks are being carried out on the Boeing 787 fleet as they return to India, before being cleared for their next operation. "Air India has completed such checks on nine of the Boeing 787 aircraft and are on track to complete this process for the remaining 24 aircraft within the timeline provided by the regulator," the airline said. The carrier had 26 legacy Boeing 787-8s and seven Boeing 787-9s in its fleet.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store