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Prime Minister laid the foundation stone for development projects worth Rs 19,100 crore in Bulandshahr, Uttar Pradesh and inaugurated the completed projects.
  • Prime Minister Shri Narendra Modi today laid foundation stone for development projects worth Rs.19,100 crore in Bulandshahr, Uttar Pradesh and inaugurated the completed projects. These projects are related to many important sectors like railways, roads, oil, gas, urban development, housing etc.
  • The Prime Minister dedicated the 173 km long dual electrified track between New Gurja – New Rewari to the nation through a video presentation. The Prime Minister also dedicated to the nation the Integrated Industrial City project in Greater Noida. 
  • It has been developed in line with the Prime Minister's vision of integrated planning and integrated implementation of infrastructure connectivity projects under the Prime Minister's Vrayvushakti programme. 
  • The Prime Minister inaugurated the revamped Mathura Sewerage Project, including the construction of a sewage treatment plant at a cost of around Rs 460 crore.
Indian Navy successfully test-fires 'Supersonic Cruise' missile
  • The indigenously developed supersonic cruise missile, jointly developed by the Indian Navy and BrahMos Aerospace, today successfully test-fired to accurately hit and destroy the target.
  • The test was conducted from ships that were kept in missile readiness. It is noteworthy that in October last year, the Indian Navy conducted a test of the BrahMos supersonic cruise missile from a Sukhoi fighter jet.
Union Cabinet approves incentives for coal / lignite gasification projects of government, public sector and private companies
  • The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved the scheme to promote coal/lignite gasification projects in the Government, Public Sector Undertakings and Private Sector under three categories at an estimated cost of Rs.8,500 crore.
  • A total of Rs 8,500 crore will be provided under three categories for coal gasification projects. In the first category, Government PSUs will receive Rs. 4,050 crore has been allocated. According to this, the total subsidy for 3 projects is Rs. 1,350 crore or 15 percent of the capital, whichever is less.
  • In the second category, an allocation of Rs 3,850 crore has been made for government public sector enterprises and private sector enterprises. A total of Rs 1,000 crore or 15 per cent of capital, whichever is less, will be subsidized for each project. At least one project will be auctioned in a fee-based bidding process and its criteria will be formulated in consultation with the Finance Commission.
  • In the third category, Rs 600 crore has been earmarked for demonstration projects (indigenous technology) or small-scale production-based gasification plants. Under this minimum capital outlay of Rs.100 crore, 15 percent of the capital, whichever is less, will be provided. Selection of companies under category II and III will be done through competitive and transparent bidding process.
  • The grant will be disbursed to the selected institution in two equal installments. Provided that the overall financial allocation remains within Rs 8,500 crore, the Power Offices headed by the Coal Secretary will be fully empowered to make any necessary changes in the scheme's procedures.
Union Cabinet approves Memorandum of Understanding between India and Oman in the field of IT
  • The Union Cabinet meeting chaired by Prime Minister Shri Narendra Modi has approved the MoU between the Ministry of Electronics and Information Technology and the Ministry of Transport, Communications and Information Technology of Oman on 15 December 2023 for cooperation in IT sector.
  • The MoU aims to promote comprehensive cooperation between the two sides through mutual support, technologies, information and investments in the IT sector. This MoU shall come into force from the date of signing by both parties and shall remain in force for a period of 3 years.
  • G2G and B2B bilateral cooperation in IT sector will be enhanced. The MoU seeks to enhance cooperation to create jobs in the IT sector.
Union Cabinet approves 2 share investment projects of Coal India
  • Prime Minister Mr. In a meeting of the Union Cabinet Committee on Economic Affairs chaired by Narendra Modi today, the proposal for equity investment by Coal India for setting up coal to synthetic natural gas project in ECL controlled area through joint venture of Coal India Limited, Coal to Ammonium Nitrate project in MCL controlled area through joint venture of Coal India & Bell. Consent to set up.
  • Coal India Limited has an equity capital of Rs.1,997.08 crore considering a debt-equity ratio of 70:30, and a 51% equity investment in a joint venture company with a project capital cost estimate of Rs.13,052.81 crore Eastern Coal Fields Company in Sonpur Bazari area of Burdwan District, West Bengal. The proposed Coal-to-Synthetic Natural Gas project will be undertaken through a joint venture between Coal India and GAIL through capital expenditure.

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