logo
30 per cent of Machilipatnam Port project works completed so far

30 per cent of Machilipatnam Port project works completed so far

VIJAYAWADA: Roads & Buildings, Infrastructure and Investments Minister BC Janardhan Reddy stated that the construction of Machilipatnam port will be completed within the stipulated time and will emerge as a gateway to the Amaravati capital, playing a strategic role in Andhra Pradesh's development.
He, along with Excise Minister Kollu Ravindra, APSRTC Chairman Konakalla Narayana, and AP Maritime Board Chairman Damacharla Satya, inspected the ongoing port works on Monday.
Janardhan Reddy directed officials to expedite the construction after reviewing the progress report for the port works. 'Around 30% of the work has been completed so far, and all required permissions have been obtained. The port works are gaining pace with the efforts of the TDP-led NDA government. The government will fulfil the long-cherished dream of the Machilipatnam people by completing the works soon,' he added.
He also revealed that Chief Minister N Chandrababu Naidu is continuously reviewing the progress of the works every month.
Additionally, the team visited the Gilakaladindi Fishing Harbour and inspected the construction works. The Minister stated that the harbour, which is being constructed with an estimated budget of Rs 450 crore, will be made available for fishermen by March 2026, and 57% of the work has been completed so far. Krishna District Collector DK Balaji, Maritime Board CEO Praveen Aditya, MLAs Kagitha Krishna Prasad, Varla Kumar Raja, Venigandla Ramu, and other officials were also present.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Madhya Pradesh CM to unveil water conservation works of Rs 1,518 crore as Jal Ganga Samvardhan Abhiyan concludes today
Madhya Pradesh CM to unveil water conservation works of Rs 1,518 crore as Jal Ganga Samvardhan Abhiyan concludes today

India Gazette

time42 minutes ago

  • India Gazette

Madhya Pradesh CM to unveil water conservation works of Rs 1,518 crore as Jal Ganga Samvardhan Abhiyan concludes today

Bhopal (Madhya Pradesh) [India], June 30 (ANI): Madhya Pradesh Chief Minister Mohan Yadav has renewed his appeal for water conservation as Jal Ganga Samvardhan Abhiyan, which has been running for three months across the state, will conclude on Monday. The closing ceremony of the campaign will be held in Khandwa district today and Yadav will inaugurate and lay the foundation stone of water conservation works worth over Rs 1,518 crore in the programme. Before leaving for Khandwa, the Chief Minister said that the campaign was held due to inspiration of Prime Minister Narendra Modi, who has initiated several programmes for water conservation. 'From Gudi Padwa (March 30) to June 30, we ran Jal Ganga Samvardhan Abhiyan across the state for three months with the inspiration of Prime Minister Narendra Modi. Under the campaign, I am going to Khandwa to lay the foundation stone and inauguration of various works related to water conservation worth over Rs 1518 crore,' he said. 'Khandwa district has done the best work in water conservation across the country and it has been recognised by the Ministry of Jal Shakti,' he added. He said 57,207 water conservation works done under Mahatma Gandhi National Rural Employment Guarantee Scheme in Jal Ganga Sanvardhan Abhiyan, worth around Rs 578 crore, will be inaugurated today. 'Additionally, 888 water conservation works done under Watershed Development Component-Pradhan Mantri Krishi Sinchayee Yojana, at a cost of Rs 63.46 crore, will also be inaugurated. For Khandwa district too, various water structures, including wells, ponds, especially farm pond schemes, Amrit Sarovar schemes, will be dedicated,' the Chief Minister said. 'Awareness about water conservation has also increased across the state. The old Bawadis (stepwells) have improved. We have also given different types of awards under the campaign,' he added. Yadav also emphasised the importance of water in human life. 'No work can be done without water, neither we will be able to worship nor be able to live a day or a moment of life. Let us all come together, save water, and save lives ahead. Madhya Pradesh is home of rivers and it has its own importance. After this, we will lay more emphasis on planting trees under 'Ek Ped Maa Ke Naam' which will maintain the natural beauty of water bodies and play a life-giving role in water conservation. Plantation work will be started,' he said. (ANI)

SC allows Lalit Modi to seek civil remedy in plea against Rs 10 crores fine imposed by ED
SC allows Lalit Modi to seek civil remedy in plea against Rs 10 crores fine imposed by ED

India Gazette

time42 minutes ago

  • India Gazette

SC allows Lalit Modi to seek civil remedy in plea against Rs 10 crores fine imposed by ED

New Delhi [India], June 30 (ANI): The Supreme Court on Monday has granted liberty to Lalit Modi to move to a civil court to seek remedy against a Rs 10.65 crore fine imposed on him by the Directorate of Enforcement (ED) in a Foreign Exchange Management Act (FEMA) case in connection with the 2009 season of the Indian Premier League. Modi had sought directions for the recovery of the fine amount from the Board of Control for Cricket in India (BCCI), instead of him. A bench of Justices PS Narasimha and R Mahadevan disposed of Modi's plea, allowing him to seek civil remedy, after the counsel appearing for Modi sought to withdraw the same. Modi had moved the top court against the decision of the Bombay High Court in dismissing his plea, with a Rs 1 lakh cost. During the hearing, Modi's counsel argued that as per various earlier judicial decisions, the case is well within the Writ jurisdiction provided under Article 226 of the Constitution of India. However, the bench was of the view that the BCCI has been held as 'not a State' for recovery of the said fine imposed by the ED. 'BCCI is to be held to be 'not a state.' Recovery can't be equivalent to State', the bench stated. Modi's counsel then sought liberty to seek civil remedy by moving to a civil court in the matter. The Court agreed and disposed of the plea after noting that the same is not maintainable under Article 226 of the Constitution. In May 2018, the Enforcement Directorate (ED) had levied penalties on the Board for Control of Cricket in India (BCCI) and its former chief N. Srinivasan, among others, over alleged violations in the Foreign Exchange Management Act (FEMA) regulations in the 2009 edition of the Indian Premier League (IPL). Apart from an 82.66 Cr fine on the BCCI, and an 11.53 Cr fine on Srinivasan, penalties have also been imposed upon the former chairman of the IPL, Lalit Modi (10.65 Cr), former BCCI treasurer MP Pandove (9.72 Cr) and the State Bank of Travancore (7 Cr). The penalties amount to a total of 121.66 Cr. On July 20, 2011, the ED had issued show cause notices to Modi and the BCCI under provisions of FEMA regarding the alleged transfer of a sum of Rs 243.45 crores to Cricket South Africa without prior permission of the RBI, ahead of an IPL tournament in 2009. The ED was subsequently allowed by the Bombay High Court to summon several former BCCI officials, including Manohar and then secretary N Srinivasan, as witnesses in the matter. (ANI)

Rural FMCG volume grew thrice urban volume growth in Q4FY25, similar trend likely to continue: Report
Rural FMCG volume grew thrice urban volume growth in Q4FY25, similar trend likely to continue: Report

India Gazette

time42 minutes ago

  • India Gazette

Rural FMCG volume grew thrice urban volume growth in Q4FY25, similar trend likely to continue: Report

New Delhi [India], June 30 (ANI): Driven by increased distribution of freebies and a positive sentiment from good monsoon, rural market in India's fast-moving consumer goods (FMCG) sector continues to outperform urban areas, according to a recent report by Nuvama Institutional Equities. The report stated that rural markets continued to outpace urban areas in the overall FMCG sector. It noted that rural demand is already doing well and remains strong, while urban markets are facing pressure and are likely to stay under strain until the first half of FY26. However, urban demand is expected to start improving from the second half of FY26, the report stated. In terms of volume growth, rural regions have shown remarkable performance. For the fourth consecutive quarter, rural areas have grown more than twice as fast as urban regions. In Q4FY25, rural FMCG volumes grew by 8.4 per cent, while urban volume growth stood at 2.6 per cent, it said. The report also highlighted that the FMCG sector volumes in Q4FY25 saw rural growth being three times higher than urban areas. Initial data for Q1FY26 suggests a similar trend is likely to continue. Overall, the consumer sector grew 11 per cent year-on-year (YoY) by value in Q4FY25, compared to 10.6 per cent YoY in Q3FY25. Pricing growth was reported at 5.6 per cent, while overall volumes expanded by 5.1 per cent YoY, a slight decline from the 7.1 per cent YoY growth recorded in Q3FY25. Despite the positive performance in rural markets, the FMCG sector saw a significant selloff by foreign portfolio investors (FPIs) in the first half of June 2025. According to the report, FMCG recorded the highest outflows of Rs 36.3 billion, after receiving net inflows worth Rs 8.2 billion in May. Until May, the sector witnessed sales worth over Rs 140 billion. The report added that FPIs showed a strong inclination towards rate-sensitive and beta plays, contributing to the withdrawal from FMCG stocks. (ANI)

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