
Transforming Manipur: How Road Connectivity is Driving Economic Growth in Hill Districts, ET Infra
Advt
Manipur is steadily paving its path to progress, one road at a time. As the state continues to improve its road infrastructure, the ripple effects are being felt far and wide, bringing tangible benefits to daily life, local economies, and the broader social fabric of the region.For residents of Ukhrul and other remote hill districts, the development of new roads is a vital link to opportunity, safety, and prosperity. "Good roads make driving much safer," said N. S. Pesse, a resident of Ukhrul. "If someone falls ill and needs to travel to Imphal or Ukhrul, the improved roads make the journey much easier. Earlier, poor road conditions caused a lot of difficulties. Better roads not only support tourism but also ensure safer travel, making our lives more secure overall," he added.Manipur has made remarkable strides in road infrastructure, particularly under the Ministry of Road Transport & Highways, which has approved 50 National Highway projects covering 1,026 kilometres across the state. Out of these, 44 projects worth Rs. 902 crores are focused on the hill areas, which have long suffered from inadequate connectivity. Notably, 8 projects spanning 125 kilometres have already been completed, while 36 more, covering 777 kilometres and worth Rs. 12,000 crores, are currently under various stages of implementation.Central government schemes like the Pradhan Mantri Gram Sadak Yojana (PMGSY) and the National Highways Development Project (NHDP) have played a crucial role in these developments. From highways to rural roads, the network is expanding, reaching even the remotest corners, including areas like Litan in Ukhrul district, where once-isolated communities are now witnessing the benefits of reliable road access."With new roads, progress will follow," said Bidur, a resident of Litan in Ukhrul. "Commuting will become easier, and more tourists will be encouraged to visit. Good roads bring numerous benefits."The benefits of this enhanced connectivity go well beyond tourism. Improved road access is fueling economic activity, particularly for traders and small businesses who now spend less time and money transporting goods across the state. In addition, better roads are allowing children from remote villages to attend schools more regularly and enabling families to access healthcare and other essential services without the previous hardships of long and treacherous journeys.With a strong commitment from the central and state governments and active participation from local administrations, Manipur is laying the foundation for sustainable development and social transformation.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Indian Express
11 minutes ago
- Indian Express
BEML secures $6.23 million export orders; share price rises 720% in 5 years
BEML share price, BEML new order: Shares of BEML climbed 1.73 per cent on Friday (July 4) after the state-owned company secured orders worth $6.23 million. In an exchange filing, the company said that it secured two prestigious export orders from the Commonwealth of Independent States (CIS) region, including Uzbekistan. On Friday, BEML shares closed in green at Rs 4530 apiece, up 76.90 points. About 17.15 lakh equity shares changed hands on the day. According to NSE, this PSU stock has total market cap of Rs 18864.96 crore. The stock registered 52-week-high of Rs 5488 on July 5, 2024. It recorded 52-week-low of Rs 2350 on March 3, 2025. In a regulatory filing, the PSU company said, 'BEML Limited has bagged 2 separate export order, One order from Commonwealth of Independent States (CIS) region, for supply of Heavy Duty Bulldozers and Second order from Uzebekistan (Maiden Order) for Supply of High performance Motor Grader. Total contract value of USD. 6.23 Million approximately.' BEML is a component of the BSE 500. According to the BSE analytics, shares of BEML gave positive returns of 2.11 per cent and 3.40 per cent in the last 1 week and 1 month, respectively. On a YTD basis, shares of the state-owned company up 9.73 per cent. However, in the last 1 year, shares of the PSU company fell 2.84 per cent. In the past 2 years, 3 years, 5 years, and 10 years, shares of the company up 186.79 per cent, 328.85 per cent, 720.20 per cent, and 309.05 per cent, respectively. This year, BEML paid dividends of Rs 5 and Rs 15 in February and May, respectively. Last year, the company paid total dividends of Rs 20.50. BEML never issued bonuses for the equity shareholders.


Time of India
14 minutes ago
- Time of India
Explained: How Jane Street made a staggering Rs 735 crore profit in Indian markets in just a day? SEBI reveals details of ‘manipulation' strategy
SEBI investigation into Jane Street profits highlights worrying aspects about India's derivatives market structure. (AI image) Jane Street Group, the US trading powerhouse that was slapped with a trading ban in Indian markets on Friday, made a whopping Rs 735 crore single-day profit during a January 2024 trading session, according to a SEBI order published that day. The substantial earnings were part of Jane Street's total profits of Rs 36,502.12 crore across various market segments in India from January 2023 to March 2025. SEBI's detailed investigation specifically highlights January 17, 2024, when the organisation allegedly implemented a sophisticated "Intra-day Index Manipulation" scheme involving the Bank Nifty index and its components, resulting in significant gains from index options, according to an ET report. What did Jane Street do to make Rs 735 crore single-day profit? On January 17, 2024, the Bank Nifty index commenced trading considerably lower at 46,573.95, down from its previous closing value of 48,125.10. "Media reports claimed that this fall may be attributed to the market's apparent disappointment with the results announced by HDFC Bank after market close on January 16, 2024," SEBI noted. The regulatory body identified a dual-phase approach that enabled Jane Street to accumulate a net profit of Rs 734.93 crore within several hours of trading. During the initial trading period—"Patch I"—the organisation allegedly purchased Bank Nifty constituent stocks and futures valued at Rs 4,370 crore, which SEBI noted was considerable relative to typical market trading volumes. These acquisitions resulted in price increases, causing market participants to incorrectly interpret it as a market recovery. "At a time when participants in index options markets are misled by the above support for Nifty Bank, JS Group builds effectively Rs 32,114.96 crores of bearish positions in the much more liquid Nifty Bank index options by buying cheap Put options and selling expensive Call options," the order said. During the subsequent phase—"Patch II"—Jane Street disposed of almost all its long-term holdings. "The sales are aggressive, in a manner that pushes down prices in the component stocks and hence the index. JS Group books losses in intraday cash/ futures market trading," the SEBI order alleged. The profits generated from index options significantly outweighed the equity losses. When the Bank Nifty index declined from its morning peak, put options increased substantially in value whilst call options decreased. "Profits in index options more than compensate for the JS Group's losses in intraday cash/futures trading," SEBI said. Jane Street 'Manipulation' Pattern Jane Street employed identical "Intra-day Index Manipulation" tactics during 15 out of 18 days under SEBI's scrutiny. For the remaining three instances, they implemented an "Extended Marking the Close" approach, which continued for three additional days in May 2025, even after receiving SEBI's warning notice. Also Read | Jane Street ban: Why has SEBI barred US-based trading firm, which made multi-thousand crore profit, from India's securities markets? Explained Following a National Stock Exchange advisory in February 2025, the "JS Group persisted with similar trading activities, disregarding both the Exchange's cautionary communication and their own pledges," as stated by the regulatory authority. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Secure Your Child's Future with Strong English Fluency Planet Spark Learn More Undo While the NSE concluded its investigation, SEBI took stringent measures. The regulator issued orders on Friday prohibiting Jane Street and four related entities from participating in Indian securities trading, whilst directing banks to restrict their account withdrawals. Additionally, SEBI initiated proceedings to seize Rs 4,840 crore in purported unlawful profits. The investigation highlights worrying aspects about India's derivatives market structure, where global entities utilising sophisticated algorithms and high-speed trading techniques compete against individual retail options investors. SEBI's investigation revealed Jane Street's dominant position, noting they "consistently running what appeared to be by far the largest risks in 'cash equivalent' terms in F&O particularly on index option expiry days. " The regulatory body emphasised the substantial magnitude of Jane Street's market activities in cash and futures segments. They observed that the firm understood that Nifty Bank would likely decline by day's end, considering their planned strategy to aggressively liquidate their morning acquisitions and beyond. SEBI pointed out that other market participants remained uninformed about these developments, leading them to engage in transactions whilst the Nifty Bank index was being artificially sustained at elevated levels temporarily. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now


Time of India
18 minutes ago
- Time of India
India's first national cooperative university to end nepotism in sector, training vacuum: Amit Shah
Union Home and Cooperation Minister Amit Shah on Saturday said India's upcoming first national university for the cooperative sector in Gujarat will work to end nepotism as only trained persons will get jobs in this sector in the future. Shah was addressing a gathering at the campus of Anand Agriculture University after laying the foundation stone of Tribhuvan Sahkari University ( TSU ) on the premises of the adjoining Water and Land Management Institute. The university has been named after the late Tribhuvandas Kishibhai Patel, one of the pioneers of the cooperative movement in India who was instrumental in laying the foundation of Amul. TSU will be built on a 125-acre plot at a cost of Rs 500 crore. "The upcoming university will work to address the allegations of nepotism in this sector. Unlike the past, when people were first hired and then trained, only trained people will get jobs in this sector in the future," he said. Live Events Shah said the university will also address the existing "weaknesses" of this sector and fill the training gaps in the domain that engages every fourth person of the country, or say about 30 crore people. He said the cooperatives sector in India has no dearth of talent and what the country requires now is a manpower of trained soldiers, experts and officials. TSU will fill this "mega vacuum", he added. Shah also sought to address concerns in some quarters about the upcoming university not being named after Dr Verghese Kurien , the father of the White Revolution, saying his role in the cooperatives sector can never be denied. "Patel sahab (Tribhuvan Patel) enlightened and nurtured the cooperative movement... it was his vision that the sector is standing strong today," he said. Congress leaders who raised such questions do not know that Patel was from their party. The BJP did not even exist then, the minister said.