Odisha will receive ₹15,000 crore for new railway projects under the Purvodaya Vision, aimed at modernizing the state's railway infrastructure and boosting connectivity. The investment will be used to develop new lines, upgrade stations, and improve facilities, leading to increased passenger and freight movement, reduced travel time, and economic growth in...
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the state. Union Bank of India will auction ₹23.16 billion worth of non-performing assets (NPAs) from 45 accounts on August 23. The bank expects to recover around 75% of the principal outstanding. The Ministry of Coal has expanded its Mining Developers cum Operators (MDO) initiative to include 28 coal mine projects under Coal India Limited (CIL), with a combined production capacity of 257 million tonnes. This initiative aims to boost coal production through private operators who will manage the entire mining process. India's electric mobility sector is projected to become a $250 billion market by 2030, driven by significant investments in sustainable transportation and rising electric vehicle (EV) adoption. The market is expected to reach $94 billion in product opportunity and 23% EV penetration by FY30.