logo
Cabinet nod for Quantum Mission in Amaravati capital

Cabinet nod for Quantum Mission in Amaravati capital

Hans Indiaa day ago

Vijayawada: The state Cabinet, chaired by Chief Minister N Chandrababu Naidu on Wednesday, accorded approval to the establishment of state Quantum Mission to fuel the growth of the information technology sector in Amaravati greenfield capital.
Announcing this at a press conference at the Secretariat after the Cabinet meeting, Information and Public Relations Minister K Parthasarathy said the Cabinet had given consent to the Quantum Mission proposed by the Department of IT, Electronics and Communications as part of India's National Quantum Mission (NQM).
A Quantum Valley, which will be set up in the capital city, will promote research in Artificial Intelligence (AI) and cyber security in partnership with TCS, IIT-Madras and IBM to attract world class researchers.
The minister said Naidu aims to make Amaravati number one in quantum computing and added that India is currently at the sixth position in this segment in the world while AP is on top within India.
"In future, Andhra Pradesh will be on top in the world in quantum computing. From schools to universities, all of them will be involved in training," he said.
Parthasarathy said the government formed a committee of experts on quantum computing and noted that 50 acres of land has been allocated in Amaravati for Quantum Valley development.
Further, the minister said the Cabinet gave its nod for viability gap funding of Rs 57 crore and Rs 82 crore for drinking water projects at Uddhanam in Srikakulam district and Kuppam in Chittoor district respectively. The Cabinet also approved the promotion of 248 Andhra Pradesh Special Police (APSP) constables as head constables in the department.
The Cabinet also approved the Home Department's proposals for the release of 17 life-term prisoners. For the establishment of Andhra Pradesh Police Academy, the Cabinet approved the free transfer of government land in Eluru district to the Home Department.
Similarly, the Cabinet greenlighted the Health and Family Welfare Department's proposals to achieve a world record on International Yoga Day on June 21. Moreover, the Cabinet approved the Industries Department's proposal to set up one MSME park per assembly constituency, totalling 175 across the state as part of 'One Family, One Entrepreneur' programme, among others. Further, administrative approvals included the formalisation of the YSR district's name change to YSR Kadapa district.
Earlier, the Cabinet extended congratulations to the Chief Minister Naidu for the successful implementation of several welfare schemes in the past year.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Stunning images of world's tallest railway bridge in Kashmir
Stunning images of world's tallest railway bridge in Kashmir

India.com

time21 minutes ago

  • India.com

Stunning images of world's tallest railway bridge in Kashmir

Prime Minister Narendra Modi inaugurated the world's tallest railway bridge in Chenab of Kashmir. The Chenab Bridge will provide all-weather rail connectivity between the Kashmir Valley and the rest of India, significantly reducing travel time between Katra and Srinagar. This 272-kilometer-long project, costing around Rs 43,780 crore, includes 36 tunnels (spanning 119 kilometers) and 943 bridges. It is situated at a height of 359 meters above the river, the Chenab Rail Bridge is an architectural marvel. Spanning across 1,315 meters, this steel arch bridge stands 35 meters taller than the Eiffel Tower in Paris. The bridge can endure winds of up to 260 km/h and remains stable in Seismic Zone-V. Built using 30,000 tons of steel, it rests on foundations as wide as half a football field.

Pakistan attacked 'insaniyat', Kashmiriyat in Pahalgam: PM Modi
Pakistan attacked 'insaniyat', Kashmiriyat in Pahalgam: PM Modi

Business Standard

time28 minutes ago

  • Business Standard

Pakistan attacked 'insaniyat', Kashmiriyat in Pahalgam: PM Modi

Prime Minister Narendra Modi on Friday accused Pakistan of attacking 'insaniyat' and Kashmiriyat by targeting tourists in Pahalgam, saying the intent was to trigger communal clashes in India and rob Kashmiri people dependent on tourism of their livelihoods. The prime minister was speaking after flagging off the first train service to the Kashmir Valley, and inaugurating several development projects, including the world's highest railway bridge over the Chenab river and India's first cable-stayed Anji bridge. He said tourism provided employment and acts as a connecting link between people, but unfortunately, the neighbouring country is an enemy of humanity, harmony and tourism. "Not only that, Pakistan is also the enemy of the poor's bread and butter. What happened on April 22 in Pahalgam is an example of that. Pakistan attacked 'insaniyat' and Kashmiriyat in Pahalgam. "The intent of Pakistan was to trigger communal riots in India. It wanted to strip people of Kashmir of their earnings, that's why Pakistan attacked tourism," he said. Tourism was increasing during the last five years in Jammu and Kashmir, and tourists were arriving in record numbers, Modi said. He said tourism fuels the kitchens of the poor in Jammu and Kashmir, and Pakistan deliberately targeted that sector. "Pakistan wanted to destroy the livelihoods of guides, pony operators, guest house owners, shop owners, and roadside dhaba operators who are dependent on tourism. Adil, who challenged the terrorists, was also there to earn his livelihood," he said, referring to the ponywala, who was among the 26 people gunned down by terrorists in Pahalgam on April 22. The prime minister said it has been one month since Indian forces wreaked havoc on terrorists holed up in Pakistan through Operation Sindoor. "Whenever Pakistan hears about Operation Sindoor, it will be reminded of its shameful defeat," he said. Modi said the Udhampur-Srinagar-Baramulla Rail Line Project is a symbol of a new and empowered Jammu and Kashmir, and a resounding proclamation of India's growing strength. The Chenab and Anji bridges will serve as gateways to prosperity for Jammu and Kashmir, he said. The prime minister inaugurated the two state-of-the-art bridges before flagging off the Vande Bharat train to mark the completion of the 272-km Udhampur-Srinagar-Baramulla railway link (USBRL), providing direct train connectivity to the valley. He also laid the foundation stone and inaugurated multiple development projects worth over Rs 46,000 crore for Katra, the base camp for pilgrims visiting the Vaishno Devi shrine atop Trikuta hills in Reasi district. The 272-km USBRL project, constructed at a cost of around Rs 43,780 crore, includes 36 tunnels, spanning 119 km, and 943 bridges. The project establishes all-weather, seamless rail connectivity between Kashmir and the rest of the country, aiming to transform regional mobility and drive socio-economic integration.

Microfinance: Indicators show cautious lending, continuing stress in parts
Microfinance: Indicators show cautious lending, continuing stress in parts

Business Standard

time28 minutes ago

  • Business Standard

Microfinance: Indicators show cautious lending, continuing stress in parts

Amid these shifts, CRIF High Mark emphasised that the sector remains on a path of long-term sustainability BS Reporter New Delhi The microfinance business continues to prioritise larger loan sizes. According to CRIF High Mark's 'MicroLend March 2025', loans between Rs 30,000–50,000 declined by 6.7 per cent quarter-on-quarter (QoQ), while those up to Rs 30,000 contracted by 8 per cent. Loans in the Rs 50,000-80,000 range saw a moderate QoQ decline of 0.4 per cent. Despite a small base, loans of Rs 80,000, particularly those over Rs 100,000 grew beyond industry trends, indicating a shift toward higher-ticket loans, likely among existing customers. Amid these shifts, CRIF High Mark emphasised that the sector remains on a path of long-term sustainability. While current indicators suggest cautious lending and persistent stress in parts of the portfolio, improvement in early-stage performance and a gradual move towards higher-quality credit segments are encouraging trends.

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