Author: Rishabh Sharma

JAMUI — Public sector power major SJVN Limited has officially achieved Commercial Operation Date (COD) for its 75 MW Jamui Solar Power Project in Bihar, marking a key addition to its growing clean-energy portfolio. Executed through its wholly owned subsidiary, SJVN Green Energy Limited (SGEL), the plant has been developed over 300 acres near Village Hadhadiya, Kakanchaur, at an estimated investment of ₹342 crore. Key Operational Highlights Power Generation: Projected to generate 90 million units of clean electricity in its first year, and approximately 3,522 million units cumulatively over its 25-year operational lifecycle. Competitive Tariff: Electricity generated will be supplied…

NEW DELHI — To accelerate India’s goal of becoming a global industrial powerhouse, NITI Aayog has released a comprehensive report titled “Key Sectors to Position India as a Global Manufacturing Hub.” The policy framework provides a data-driven roadmap to enhance competitiveness, deepen domestic value addition, and boost export capacity across critical industries. This initial report focuses on four high-potential verticals—Chemicals, Textiles, Telecom & Networking Equipment, and Solar Photovoltaics (PV)—with studies on eight additional manufacturing sectors to follow. Four-Phase Methodology The report’s recommendations stem from a structured four-stage evaluation: Relative Attractiveness: Shortlisting sectors with high market size and domestic/global growth potential.…

NEW DELHI — In a major push toward critical mineral self-reliance and high-tech manufacturing, the Ministry of Heavy Industries (MHI) has received 20 bids under its global tender for setting up integrated Sintered Rare Earth Permanent Magnet (REPM) manufacturing facilities in India. The robust response follows the Union Cabinet’s approval of the ₹7,280 Crore REPM Scheme, designed to build an indigenous end-to-end value chain—from NdPr oxide processing to finished, high-strength magnets. Key Highlights of the REPM Initiative Capacity Target: Aims to establish a total domestic production capacity of 6,000 Metric Tons Per Annum (MTPA) of integrated REPM facilities. Beneficiary Allocation:…

AHMEDABAD — In a move to further strengthen its non-executive leadership and corporate governance framework, Ashoka Metcast Limited has formally inducted Mrs. Jhanvi Vikas Sethi onto its Board of Directors as an Additional Director (Independent).

MUMBAI — In a strategic board-level movement aimed at enhancing non-executive leadership, Rapid Investments Limited has formally inducted Arun Jain as an Additional Director (Independent).

NEW DELHI — In a key administrative development, Amandeep, a 2014-batch Indian Police Service (IPS) officer of the West Bengal cadre, is set to take charge of a central assignment within the Cabinet Secretariat. The officer’s move to the apex executive body at the Centre comes as part of regular bureaucratic appointments aimed at inducting experienced cadre officers into central governance and policy execution functions.

NEW DELHI — Prime Minister Narendra Modi shared a Sanskrit Subhashitam (verse of wisdom) on Thursday, highlighting the role of continuous effort, courage, and perseverance in triumphing over adversity and shaping one’s destiny. In a post on X (formerly Twitter), the Prime Minister shared the ancient verse to inspire a mindset of action and resilience in the face of life’s obstacles: “दैवं पुरुषकारेण यः समर्थः प्रबाधितुम्। न दैवेन विपन्नार्थः पुरुषः सोऽवसीदति॥” Translating the core message of the verse, PM Modi reflected that individuals equipped with unwavering resolve and self-effort remain undeterred by challenging times, using continuous endeavor to turn unfavorable…

NEW DELHI — Congress President and Leader of the Opposition in the Rajya Sabha, Mallikarjun Kharge, raised a strong protest in Parliament against a “purification” ritual conducted at the site of his recent public address in Uttarakhand. The controversy stems from Kharge’s address at the “Vijay Shankhnaad” rally on Saturday at Haldwani’s Ramlila Maidan. On August 10, a right-wing group, ‘Shri Ram Sena’, conducted a shuddhikaran havan at the venue. Core Controversy & Political Reactions Kharge’s Critique: Speaking on the final day of the Monsoon Session, Kharge asserted that such acts promote caste-based division and run contrary to Hindu principles…

NEW DELHI — In a major push to strengthen board oversight and governance across state-controlled financial entities, the Appointments Committee of the Cabinet (ACC) has approved the appointment of 12 Part-Time Non-Official Directors (NoDs) to key Public Sector Banks (PSBs), Insurance Companies (PSICs), and Financial Institutions (FIs). The order, issued on August 11, 2026, by the Secretariat of the ACC under the Department of Personnel and Training (DoPT), follows recommendations made by the Search Committee via the Department of Financial Services (DFS). All 12 appointees will hold office for a tenure of three years from the date of notification of…

JAIPUR — Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman delivered the keynote address at a seminar titled “Role of the New Development Bank in Mobilising Private Capital in Member Countries”, held on the sidelines of the BRICS Finance Ministers and Central Bank Governors (FMCBG) meeting in Jaipur on Wednesday. The high-level event brought together global policymakers, multilateral institutions, and industry leaders—including New Development Bank (NDB) President H.E. Ms. Dilma Rousseff, Department of Economic Affairs (DEA) Secretary Ms. Anuradha Thakur, and senior representatives from BRICS nations. Key Takeaways from the Keynote Address Role of MDBs: The Finance Minister…