Sitharaman on 4-day Meghalaya visit to launch 1500cr projects
Nirmala Sitharaman
arrived here Thursday on a four-day visit to the state to launch projects worth over Rs 1,500 crore.
She will be present at the launch and foundation stone laying ceremonies of several marquee projects being taken up by the govt under the leadership of CM Conrad K Sangma.
On Thursday, the finance minister inaugurated the the Polo Shopping Complex — a Rs 100-crore project under the Smart City Mission.
Welcoming her, the CM said, "We have eagerly awaited this program for a very long time. I have been working with our finance minister for many years, and she has always been kind and considerate towards Meghalaya and the entire northeast".
Following the inauguration, the finance minister chaired the North East Roundtable on the Prime Minister's Internship Scheme, engaging with the scheme interns in an interactive session to understand their experiences as well as feedback on future developments of the scheme,
Notably, Meghalaya is set to unveil a series of transformative infrastructure and development projects, as part of its push for economic growth, sustainable tourism, digital inclusion, and women's empowerment.
As part of Meghalaya's vision to strengthen its public infrastructure, key projects will be launched on Friday during Sitharaman's visit to the Lariti Auditorium in Shillong.
These projects include redevelopment of Umiam Lake into a world-class sustainable tourism destination (Rs 99.99 crore), MICE and Cultural Infrastructure Hub at Mawkhanu, a flagship project to position Meghalaya as a destination for business tourism (Rs 99.99 crore), Mawkhanu Football Stadium, India's largest dedicated football stadium, with a 40,000-seat capacity and state-of-the-art academy (Rs 732 crore) Working Women's Hostels in Shillong, Jowai, Byrnihat, and Tura to support women's workforce participation (Rs 132 crore).
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
東京の猫好きがこの猫型ランプに夢中になる理由を大公開！
Wmet
詳細
Undo
She will also take part in virtual inauguration of 75 digital libraries in remote areas, aimed at bridging the digital access gap for rural youth (Rs 162 crore).
The Meghalaya Film Tourism Policy, 2025, reflecting the state's growing prowess as a destination for film tourism will also be launched by Sitharaman.
Another key moment of the visit will be the flagging-off of premium pineapples from Meghalaya to Lulu Group, Dubai, marking a breakthrough in the state's agri-export potential.
"Organised under the IFAD-supported Megha-LAMP initiative, the consignment reflects Meghalaya's growing integration with global markets and its support for farmer collectives," an official statement said.
On July 12, the finance minister will head to Sohra to interact with SHGs, FPOs and lakhpati didis and the management of Ramakrishna Mission School.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
17 minutes ago
- India.com
Months after Ratan Tata's death, BIG achievement by Noel Tata, this company's profit jumps ten times higher in…, earns Rs 262320000000, it is…
Months after Ratan Tata's death, BIG achievement by Noel Tata, this company's profit jumps ten times higher in…, earns Rs 262320000000, it is… Tata Sons net profit has jumped nearly 10 times in the last half-decade to Rs 26,232 cr in FY25. By Anirudha Yerunkar Edited by Anirudha Yerunkar Advertisement Tata Sons, the primary investment holding company of the Tata Group, recorded a nearly ten times increase in its profit after tax over the past five years, rising to Rs 26,232 crore in FY 2024-25 from Rs 2,680 crore in FY 2019-20, as per its latest annual report. In terms of revenue, the company saw it climb over one-and-a-half fold to Rs 38,835 crore in FY25 from Rs 24,896 crore in FY20. Advertisement === The net worth of the company also surged nearly three-and-a-half times to Rs 1,49,680 crore in FY25 from Rs 45,586 crore in FY20. Tata Sons Revenue Tata Group's aggregate revenue stood at Rs 15,34,341 crore in FY25 as compared to Rs 7,89,057 crore in FY20, as per Tata Sons' annual report for 2024-25. Advertisement === Tata Motors remained the biggest revenue earner for the group at Rs 4,45,939 crore in FY25, up from Rs 2,64,041 crore in FY20. Tata Consultancy Services was the next with a revenue of Rs 2,59,286 crore in FY25, up from Rs 1,61,541 crore in FY20. Tata Steel was the third biggest revenue earner for the group at Rs 2,20,083 crore in FY25, up from Rs 1,50,794 crore in FY20. Tata Sons Performance Among the unlisted entities, Air India, which was acquired by the Tata Group in 2021, reported revenue of Rs 78,636 crore in FY25 and Tata Electronics, established in 2020, posted revenue of Rs 66,601 crore in FY25. Tata Digital posted revenue of Rs 32,188 crore in FY25, up from just Rs 7 crore in FY20. As per the annual report, Tata Sons Chairman N Chandrasekaran's total compensation in FY25 was at Rs 155.81 crore, up 15 per cent from Rs 135.32 crore in FY24. He is among the highest-paid industry leaders in India. For FY25, Tata Sons said based on its performance, the directors have recommended a dividend of Rs 64,900 per ordinary share on 4,04,146 ordinary shares, which if declared by the shareholders, would involve a cash outflow of Rs 2,622.91 crore. In the previous year, the dividend was at Rs 35,000 with an outgo of Rs 1,414.51 crore. The directors have also recommended a dividend on the cumulative redeemable preference shares (CRPS) amounting to Rs 13 lakh. In the previous year, it was at Rs 19.78 crore. (With Inputs From PTI)
New Indian Express
17 minutes ago
- New Indian Express
Employment-linked incentive scheme to be effective from August 1
NEW DELHI: The Employment Linked Incentive (ELI) Scheme, which aims at providing inclusive and sustainable employment opportunities in the country, will come into effect from August 1. It will be renamed as `PM Viksit Bharat Rozgar Yojana (PM-VBRY)'. The scheme was cleared on July 1 by the Union Cabinet chaired by PM Narendra Modi. The benefits of it would be applicable to jobs created between August 1, 2025 and July 31, 2027. An official release from the Labour department said, 'With an outlay of Rs 99,446 crore, the PM-VBRY aims to incentivise the creation of more than 3.5 crore jobs in the country, over a period of 2 years. Out of these, 1.92 crore beneficiaries will be first timers entering the workforce.' The scheme incentivises employers across different branches to create new jobs. 'It forms a crucial part of India's strategy to accelerate economic growth through employment-led development,' it added. The Scheme consists of two parts with Part A focused on first timers and Part B focused on employers: Part A: Incentive to first-timers Targeting first-time employees registered with Employees Provident Fund Organisation (EPFO), it will offer one-month Employees Provident Fund (EPF) wage up to Rs 15,000 in two instalments. Employees with salaries up to Rs 1 lakh will be eligible. The 1st instalment will be payable after 6 months of service and the 2nd instalment will be payable after 12 months of service and completion of a financial literacy programme by the employee. To encourage the habit of saving, a portion of the incentive will be kept in a savings instrument or deposit account for a fixed period and can be withdrawn by the employee at a later date, it added.
Indian Express
17 minutes ago
- Indian Express
Bombay HC issues notice on BCCI's appeal against Rs 538 crore arbitration awards to defunct Kochi Tuskers
The Bombay High Court on Friday issued notice in appeals filed by Board of Control for Cricket in India (BCCI) challenging a single-judge bench order that upheld two arbitration awards worth over Rs 538 crore granted in favour of the now-defunct Indian Premier League franchise Kochi Tuskers Kerala. A division bench of Justice Shree Chandrashekhar and Justice Manjusha Deshpande restrained Rendezvous Sports World (RSW) and Kochi Cricket Private Limited (KCPL) from withdrawing the amounts already deposited by the BCCI for eight weeks. The BCCI filed an appeal against the June 18 verdict of the single-judge bench of Justice Riyaz I Chagla that dismissed the BCCI's plea challenging arbitral awards. The franchise took part in only one season of the IPL, in 2011, under a consortium led by RSW and KCPL. The dispute began after the BCCI in September 2011 terminated the Kochi Tuskers Kerala due to alleged breach of the franchise agreement. Aggrieved RSW and KCPL began arbitration proceedings alleging 'wrongful' termination. On June 22, 2015, the arbitral tribunal awarded over Rs 384.83 crore to KCPL and over Rs 153.34 crore to RSW, along with interest and costs. The BCCI challenged the award before Bombay HC, which was upheld on June 18. Justice Chagla had held that arbitrator's conclusion was substantiated by records and there were 'no valid grounds' and 'no patent illegality' raised in BCCI's two pleas to warrant interference with the arbitration awards. Justice Chagla had permitted the KCPL and RSW to withdraw amounts deposited by the BCCI after six weeks. However, the BCCI filed an appeal against the single-judge bench order. The two-judge bench is likely to begin the final hearing on BCCI's appeal from September 17.
