logo
Union Cabinet approves Badvel-Nellore Corridor in Andhra Pradesh

Union Cabinet approves Badvel-Nellore Corridor in Andhra Pradesh

VIJAYAWADA: The meeting of Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the construction of a 4-lane Badvel-Nellore Corridor with a length of 108.134 km at a cost of Rs 3,653.10 crore on National Highway 67 under the Design-Build-Finance-Operate-Transfer (DBFOT) mode.
The proposed Badvel-Nellore Corridor will provide connectivity to important nodes in the three Industrial Corridors of Andhra Pradesh, i.e., Kopparthy Node on the Visakhapatnam-Chennai Industrial Corridor (VCIC), Orvakal Node on Hyderabad-Bengaluru Industrial Corridor (HBIC), and Krishnapatnam Node on Chennai-Bengaluru Industrial Corridor (CBIC).
This will have a positive impact on the Logistic Performance Index (LPI) of the country.
Badvel-Nellore Corridor starts from Gopavaram village on the existing National Highway 67 in Kadapa district and terminates at the Krishnapatnam Port Junction on NH-16 (Chennai-Kolkata) in Nellore district, and will also provide strategic connectivity to Krishnapatnam Port, which has been identified as a priority node under Chennai-Bengaluru Industrial Corridor.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

APSC JE Civil recruitment 2025: Last day to apply for 32 posts today
APSC JE Civil recruitment 2025: Last day to apply for 32 posts today

Scroll.in

time19 minutes ago

  • Scroll.in

APSC JE Civil recruitment 2025: Last day to apply for 32 posts today

The Assam Public Service Commission (APSC) is closing the online registration window today, June 2, 2025, for the recruitment of Junior Engineer (Civil) posts under the Fishery Department (Advt. No. 17/2025). Interested and eligible candidates must apply at the official website until the end of the day. The recruitment drive is being conducted to fill a total of 32 Junior Engineer (Civil) vacancies. While today is the last date to submit applications, candidates can pay the application fee until June 4, 2025. For details on eligibility, open the official notification. Steps to apply for Junior Engineer post Direct link to the registration window. Application Fee The applicants from unreserved category are required to pay a fee of Rs 297.20, whereas the fee for OBC/MOBC, and SC/ST/BPL/PwBD categories are Rs 197.20 and 47.20, respectively.

Stock market today: Nifty50 goes below 24,600; BSE Sensex tanks over 500 points
Stock market today: Nifty50 goes below 24,600; BSE Sensex tanks over 500 points

Time of India

time20 minutes ago

  • Time of India

Stock market today: Nifty50 goes below 24,600; BSE Sensex tanks over 500 points

Market experts anticipate continued positive momentum through June. (AI image) Stock market today: Nifty50 and BSE Sensex , the Indian equity benchmark indices, opened in red on Monday. While Nifty50 went below 24,600, BSE Sensex tanked over 500 points. At 9:16 AM, Nifty50 was trading at 24,587.10, down 164 points or 0.66%. BSE Sensex was at 80,879.49, down 572 points or 0.70%. Market experts anticipate continued positive momentum through June, supported by robust Q4 GDP data, potential RBI rate reductions and steady institutional capital flows. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, 'The market structure favours continuation of the ongoing consolidation phase. There are global headwinds like renewed tariff concerns that will restrain a breakout rally. At the same time there are domestic tailwinds that will support the market at lower levels. President Trump's 50% tariffs on steel and aluminium is a clear message that the tariff and trade scenario will continue to be uncertain and turbulent. This headwind will impact markets. On the domestic front the tailwinds are getting stronger with the latest Q4 GDP growth data coming at 7.4%, which is much better-than-expected.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo 'Trends in consumption expenditure and capital expenditure are promising. This along with low inflation and the expected continuation of the rate cutting policy provide the perfect setting for sustained economic growth in FY26. The only challenge is the tepid earnings growth. If leading indicators suggest a recovery in earnings growth there is a high probability of the market breaking out of the present range and moving higher. " Asian markets declined alongside US stock-index futures amidst escalating trade concerns, with investors showing reluctance towards risk assets. Safe-haven demand boosted gold prices. The S&P 500 finished Friday's volatile trading session nearly unchanged as U.S. President Donald Trump criticised China before expressing optimism about a trade deal. The index recorded its largest monthly gain since November 2023. Oil prices gained more than $1 per barrel on Monday following OPEC+'s decision to raise July production by an amount identical to the previous two months, meeting market predictions. Foreign portfolio investors sold shares worth Rs 6,450 crore net on Friday. Domestic institutional investors were net purchasers at Rs 9,096 crore. FIIs' futures market position increased to a net short of Rs 83,684 crore on Friday from Rs 77,963 crore on Thursday. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Punjab: Paddy MSP hike meagre, says SKM
Punjab: Paddy MSP hike meagre, says SKM

Hindustan Times

time22 minutes ago

  • Hindustan Times

Punjab: Paddy MSP hike meagre, says SKM

The Samyukt Kisan Morcha (SKM) has condemned the minimum support price (MSP) that was announced for 14 crops for the current kharif season by the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on May 28. The government has increased the paddy rate to ₹2,369 per quintal (100 kg) from last year's ₹2,300. In a statement, the SKM mentioned, 'The MSP is not based on Swaminathan Commission's recommendation of C2+50% formula. Had it been implemented, the paddy MSP should have been ₹3,135 per quintal. The average production in India for paddy is 25-30 quintals per acre and the loss due to non-implementation of Swaminathan Commission's recommendation for farmers on one-acre production will be in the range of ₹19,150 to ₹22,980, which is three times higher than ₹6,000 being provided under the PM Kisan Nidhi,' the SKM leaders stated. The C2 formula of calculating the cost of cultivation includes the cost of capital and the rent on the land to give farmers 50% returns. A senior SKM leader, Sukhdev Singh Kokrikalan, said the group and the farmer's organisations across the country were consistently demanding implementation of the C2+50% formula for MSP with guaranteed procurement as promised in the election manifesto of the BJP in the 2014 general election. 'However, the BJP-led Union government under PM Modi has been betraying the farmers for the 12th year by not increasing the MSP using the C2+50% formula,' he said. The SKM added the rate of inflation and the rising prices of fertilisers, seed and other input materials, including petroleum products, and the living cost were much higher than the MSP hike. The SKM has also decided to ensure active participation in a nationwide general strike at tehsil and block level on July 9.

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