Latest news with #PMAwasYojana-Gramin
United News of India
17-07-2025
- Business
- United News of India
Modi to launch projects worth Rs 12,000 cr in Bihar, Bengal tomorrow
New Delhi, July 17 (UNI) Prime Minister Narendra Modi will visit Bihar and West Bengal tomorrow to launch and lay foundation stones for development projects worth over Rs 12,000 crore, the Prime Minister's Office (PMO) said today. In Motihari in Bihar, the Prime Minister will launch projects worth Rs 7,200 crore across sectors, including railways, roads, rural development, fisheries, and IT while in Durgapur, West Bengal, projects worth over Rs 5,000 crore will be launched in oil and gas, power, road, and rail sectors. He will lay the foundation for rail line doubling, road widening, and rural infrastructure, including a major Rs 4,080 crore rail project between Darbhanga and Narkatiaganj, the PMO said in a statement here. He will also inaugurate highway projects like the Parariya-Mohania 4-lane stretch, and a 2-lane Sarwan-Chakai road, improving connectivity with Jharkhand while in Patna and Darbhanga, the Prime Minister will launch new STPI software parks and an IT incubation centre. He will also dedicate fisheries development projects under the Pradhan Mantri Matsya Sampada Yojana. Four Amrit Bharat trains will be flagged off to Delhi and Lucknow from Bihar, and Rs 400 crore will be released to over 61,000 Self-Help Groups (SHGs) under the DAY-NRLM scheme. With a special focus on women-led development, over 10 crore women have been so far connected to Self-Help Groups (SHGs). Modi will also hand over keys to 12,000 PM Awas Yojana-Gramin beneficiaries as a part of Griha Pravesh and release over Rs 160 crore, as per the PMO. In Durgapur, West Bengal, the Prime Minister will unveil projects worth Rs 5,000 crore across oil and gas, energy, road, and rail sectors including the BPCL City Gas project in Bankura and Purulia (Rs 1,950 crore) and the Durgapur–Kolkata natural gas pipeline (Rs1,190 crore). Pollution control systems at two thermal power plants will also be inaugurated (Rs 1,457 crore). To boost rail connectivity, the Prime Minister will dedicate the doubling of the Purulia–Kotshila rail line worth over Rs 390 crore and inaugurate two road over bridges at Topsi and Pandabeshwar, built under the Setu Bharatam scheme. Four more Amrit Bharat trains and central funds for SHGs and housing beneficiaries will also be announced during the West Bengal leg of the visit. UNI AJ PRS
India Gazette
15-07-2025
- Business
- India Gazette
Indian Mining and Construction Equipment Industry expected to revive in H2 FY2026: ICRA
ANI 15 Jul 2025, 13:04 GMT+10 New Delhi [India], July 15 (ANI): Following a subdued start to FY2026, Rating agency ICRA projects a turnaround in the Indian mining and construction equipment (MCE) industry in the latter half of the year, driven primarily by renewed government-led capital expenditure. 'Given the observed weakness in domestic demand during Q1 FY2026--which is expected to persist into Q2 as monsoon conditions impact the construction sector--industry recovery hinges on the improved traction in H2 FY2026,' said Ritu Goswami, Sector Head, Corporate Ratings, report further reveals that the sector witnessed a muted performance in Q1 FY2026, with volumes dipping by 1 per cent year-on-year due to multiple headwinds, including early monsoons, unseasonal rainfall, and sluggish new project awards.'Early onset of monsoons and unseasonal rains in some regions of the country disrupted the construction and mining activities in Q1 FY2026, which is also reflected in the flattish production data reported by Coal India Limited (the India's largest miner) during this period vis-a-vis a year ago,' Ritu Goswami further believes that key government schemes such as the Jal Jeevan Mission (JJM), Pradhan Mantri Gram Sadak Yojana (PMGSY), and PM Awas Yojana-Gramin (PMAY-G) are set to receive increased attention and budgetary allocations under the 11.2 lakh crore capital expenditure plan announced in union budget for FY2025-26. This is likely to result in a revival in project execution and demand for reports also highlighted that, in Q1 FY2026, the growth of 31 per cent in exports was led by backhoe loaders, excavators and skid steer loaders, which cumulatively accounted for 76 per cent of the total exported volumes and saw a 34 per cent YoY earthmoving segment, which forms the bulk of domestic MCE demand, was particularly affected in Q1. Domestic volumes declined 4 per cent YoY, though exports offered some relief with a strong 31 per cent surge, led by backhoe loaders, excavators, and skid steer regulatory changes like CEV-V emission norms and rising input costs are expected to keep OEM margins under pressure, ICRA maintains its forecast of a 2-5 per cent volume growth for FY2026, translating to 1.43-1.47 lakh units. The long-term outlook remains positive, supported by strong export potential and a government-led infrastructure push. (ANI)
Time of India
18-05-2025
- Politics
- Time of India
Centre to build 3.76 lakh homes in Assam in FY26: Rural minister
GUWAHATI: Asserting that the Centre is working to ensure 'poverty-free' villages, Union Rural Development Minister Shivraj Singh Chouhan on Saturday appealed to the people to take full benefits of all social welfare schemes. Addressing an event in which 55,000 houses built across Assam under the PM Awas Yojana - Gramin (PMAY-G) were handed over to the beneficiaries, Chouhan underlined the need for empowering women. He said the BJP-led government at the Centre was working to serve people rather than "grabbing power". He said the government is focusing on ensuring 'poverty-free' villages, and the various welfare schemes will enable it. Lauding Assam's progress in PMAY-G, Chouhan said that 3.76 lakh more houses will be built in the state under the scheme in the current financial year. He also launched the 'Lakhimi Mistri' scheme, aimed at equipping women with masonry skills to enhance employment opportunities. Chouhan also virtually inaugurated 21 knowledge centres built across the state under the Rural Infrastructure Development Fund (RIDF). These centres have been set up with the objective of strengthening rural agricultural infrastructure and empowering farmers with timely access to resources and information. Speaking at the programme, Chief Minister Himanta Biswa Sarma expressed gratitude to the Centre and reiterated the state government's commitment to empowering farmers, women and rural communities through sustainable growth in agriculture and other livelihood opportunities. State Agriculture Minister Atul Bora and Rural Development Minister Ranjeet Kumar Dass were also present at the function.
