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World's most expensive project is worth Rs...., it is not Dubai's Burj Khalifa, the project is...

World's most expensive project is worth Rs...., it is not Dubai's Burj Khalifa, the project is...

India.com12-06-2025
World's most expensive project is worth Rs...., it is not Dubai's Burj Khalifa, the project is...
From connecting biggest rivers to constructing modern Silk Route to setting up international space station – there are projects whose estimated cost take breath away from you.
With an aim to connect some of the biggest rivers of the country and to curtail floods and droughts., Prime Minister Narendra Modi had begun ambitious plan to connect some of the biggest rivers of the country. The cost was pegged at $87 billion or Rs 8,700 crores.
Belt and Road Initiative (BRI) aka One Belt One Road (OBOR) in China is estimated to be $900 billion or Rs 77,19,300 crores. It is Chinese President Xi Jinping's grand dream of a modern Silk Route. The plan, announced in 2013, aims to link several Asian countries and even parts of Europe with roads, railway and waterways. The idea is to facilitate free trade so that all countries benefit.
International Space Station is being planned to be built at a cost of $150 billion or Rs 12,86,550 crores. It basically making a home for the scientists in the space. Scientists live there for months conducting research, experiments and increasingly, enjoying mundane earthly joys such as watching World Cup football. Bathroom facilities are still not great, though. When Peggy Whitson, who returned to earth recently after a record-breaking 665 days (not consecutive), said the two things she most missed were pizza and flush toilets. The project was launched in 1998.
London Crossrail Project aka Elizabeth Line in United Kingdom at a cost of $23 billion. London is expanding its underground t rain system. New tunnels and tracks, which together are 73 miles long, have been built to connect 40 stations. The work started in 2012 and is proceeding smoothly, for the most part. The project was named after Queen Elizabeth in 2016.
The California High-speed Rail is a train network in California, which will link San Francisco to the Los Angeles basin. The 560 km trip — which takes close to six hours by road — will be done in a less than three hours on the proposed high-speed train. The cost is pegged at $70 billion and is expected to end by 2029.
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Amid IMF's enhanced growth projection, three caveats can't be ignored
Amid IMF's enhanced growth projection, three caveats can't be ignored

Hans India

time6 minutes ago

  • Hans India

Amid IMF's enhanced growth projection, three caveats can't be ignored

The International Monetary Fund (IMF) has revised India's economic growth forecast upwards, reinforcing the country's status as a leading performer among major global economies. IMF's latest World Economic Outlook (WEO), released on July 29, points out that India is now expected to grow at 6.4 per cent in both 2025-26 and 2026-27, marking an increase of 0.2 and 0.1 percentage points, respectively, over the April projections. This upgrade mirrors a broader, albeit modest, improvement in its global growth forecast. As per the updated assessment, the IMF now anticipates global GDP to expand by three per cent in 2025 and 3.1 per cent in 2026—both figures slightly higher than those projected just three months ago. It has also raised its expectations for emerging market and developing economies, which are now projected to grow by 4.1 per cent, up from 3.7 per cent, a revision largely driven by improved prospects for China, the world's second-largest economy. The IMF attributes India's stronger outlook to a 'more benign external environment' than was assumed in its April forecast. While the report stops short of listing specifics, the phrase suggests a combination of factors: easing inflationary pressures in advanced economies, stable commodity prices, and continued global demand for goods and services—all of which are expected to provide a more favourable backdrop for India's growth. India's resilient performance continues to stand out. Even amid geopolitical volatility and uneven global recovery patterns, the country has maintained a robust growth trajectory, supported by public capital expenditure, an expanding services sector, and digital infrastructure gains. The IMF's revision reflects this resilience, though the path ahead may still be complicated by emerging external and domestic challenges. Meanwhile, three key caveats deserve closer scrutiny. First, US President Donald Trump's 25 per cent tariffs on goods imported from India, 'plus an unspecified penalty' for buying Russian oil and weapons, pose a major risk to India's growth rate, apart from straining bilateral ties between India and the United States, which have been steadily improving in the last few years. The new tariffs on certain imports could create headwinds for Indian exporters. Second, how India responds to these US moves will significantly influence its medium and long-term economic prospects. Whether New Delhi chooses a retaliatory stance or seeks a diplomatic compromise could affect investor perceptions, trade flows, and diplomatic goodwill. India's choices in navigating this delicate phase of economic diplomacy will be watched closely, not only in Washington but also in global markets. Third, and most crucially, the sustainability of India's growth momentum will depend on how the Narendra Modi government implements its domestic economic policies. While headline growth figures remain robust, challenges such as sluggish private investment, labour market rigidities, and regional disparities persist. Economic ministers and other senior government functionaries wax eloquent about liberalisation and the ease of doing business, but executing reforms in letter and spirit will make all the difference. Trump's tough stance can be a blessing in disguise if it forces India's decision makers to focus on effective policy execution. The IMF's upgraded forecast underscores India's strong economic fundamentals and its continued attractiveness as an investment destination. However, this positive outlook is tempered by emerging global risks and internal policy variables. Navigating these will be crucial to maintaining India's position as a bright spot.

Forced to name Yogi Adityanath, RSS leaders: Malegaon case witness turns hostile
Forced to name Yogi Adityanath, RSS leaders: Malegaon case witness turns hostile

India Today

time38 minutes ago

  • India Today

Forced to name Yogi Adityanath, RSS leaders: Malegaon case witness turns hostile

One of the 39 witnesses who turned hostile in the Malegaon 2008 blast case was Milind Joshirao, Trustee of the Abhinav Bharat Trust, who also ran a lift business. Joshirao told the court that ATS officers Shrirao and Param Bir Singh threatened to torture him and coerced him to name Uttar Pradesh Chief Minister Yogi Adityanath and other RSS was picked up by the ATS on October 28, 2008, nearly a month after the blast, and remained in custody until November 7, 2008. He was kept at the ATS office for more than seven days. Despite being a prosecution witness, Joshirao did not support the claims for which he was brought to court, namely, to establish the motive behind the formation of the Abhinav Bharat organisation, allegedly set up by serving army officer Lt. Col. Prasad to the prosecution, a meeting was held in June 2006 at Raigad Fort, attended by Purohit, businessman Ajay Rahirkar, Rakesh Dhawade, and several witnesses, including Milind Joshirao. Dhawade had been discharged by the special court before the trial prosecution claimed that the idea of forming Abhinav Bharat originated with Purohit and was discussed during the Raigad Fort meeting. All attendees reportedly agreed to the proposal and took an oath at the fort to establish Abhinav Bharat and work towards its objectives. The Abhinav Bharat Trust was formed in 2007, according to the was further alleged that the accused aimed to transform India into a 'Hindu Rashtra' called 'Aryavart.' Dissatisfied with the Indian Constitution, they allegedly planned to create their own, form a government in exile and train individuals in guerrilla warfare. The group allegedly intended to eliminate those opposing the formation of a 'Hindu Rashtra'. Purohit was accused of collecting Rs 21 lakh to fund these Public Prosecutor Avinash Rasal cross-examined Joshirao after he was declared hostile by the court. However, even during cross-examination, Joshirao did not make any statements that supported the prosecution's case. He specifically denied attending the Raigad Fort meeting or that any oath was taken to create a separate 'Hindutva Vadi Rashtra'.Instead, he stated, "ATS treated me like an accused and kept me for seven days at their office. The officers pressured me to name five RSS individuals, including Yogi Adityanath, Asimanand, Indresh Kumar, Professor Devdhar, Sadhvi, and Kakaji, in my statement. They assured me I would be released if I did so. When I refused, DCP Shrirao and Additional Commissioner of Police Param Bir Singh threatened me with torture,' as noted by Judge judge further observed that Joshirao's statement 'was written down/recorded solely by an ATS officer.'Considering his testimony in court, the judge stated, 'It clearly indicates that the statement was involuntary. Even if the contents of such a statement are proven by the investigating officer, it may still be insufficient, as it raises doubts regarding its admissibility and the authenticity of such an involuntary statement.'- Ends

From shopfloor to C-suite: Mahindra offers Diwali Esops to 14,000 employees
From shopfloor to C-suite: Mahindra offers Diwali Esops to 14,000 employees

Time of India

timean hour ago

  • Time of India

From shopfloor to C-suite: Mahindra offers Diwali Esops to 14,000 employees

The Mahindra Group has announced a one-time employee stock ownership plan (Esop) grant for 12,000-14,000 employees, including shop floor workers for the first time ever. The move across three core companies—Mahindra & Mahindra (auto and farm sector), Mahindra Electric Automobile and Mahindra Last Mile Mobility —comes amid surging sales and profit on the back of hit products such as the Thar driving the M&M stock up more than 12 times in five years. Mahindra has also overtaken Hyundai to become the country's second biggest manufacturer of passenger vehicles, thanks to its range of SUVs. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management Product Management MBA Data Science Healthcare healthcare Leadership Others Technology Artificial Intelligence Finance Data Analytics Operations Management Digital Marketing others Degree CXO MCA Design Thinking Public Policy Management Data Science Cybersecurity PGDM Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details The Esops will help broad-based wealth creation, the tractor-to-technology conglomerate said in an internal circular. ET has seen the note. It did not reveal how many shares the group will earmark for this purpose, but people in the know estimate the total outflow to be in the range of Rs 400-450 crore. While granting Esops to keep employees motivated is not unusual, this could be the first time a large Indian conglomerate extends these benefits to shopfloor workers. The Esops, structured as restricted stock units (RSUs). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia: Unsold Sofas at Bargain Prices (Prices May Surprise You) Sofas | Search Ads Search Now Undo Productivity Boost? The grant is being positioned as a reward for long-term contribution and a tool to align employees with value creation. 'This special grant reflects the organisation's appreciation for your efforts, makes you a co-owner of this enterprise, and gives you a share in the value that you have helped co-create,' said Anish Shah, group chief executive and managing director of M&M, in a note to employees. Live Events Rajiv Agarwal, department chair for strategy at leading B-school SPJMR, said with this move, Mahindra is fostering a productive environment, where labour participation drives higher overall productivity. 'This approach not only supports the company's growth but also allows employees to benefit from the rise in the stock price,' Agarwal said. 'It's a smart strategy — compensating workers not just with their salaries for the hours they work, but also rewarding them when the company does well. This dual benefit truly aligns employees' interests with the company's success.' The Esop scheme comes on the back of a sharp surge in valuations of Mahindra Electric and Mahindra Last Mile as well. Both have seen over 10x growth in the past five years, supported by strong execution, strategic focus and new business momentum. M&M's shares closed at Rs 3,160 on the BSE on Friday, down 1.35% from its previous close. Its market cap stood at Rs 3,92,925 crore. The Esop shares will be granted to employees on permanent payrolls with at least 12 months' tenure in the group as of the announcement date. Depending on their income tax bracket, the beneficiaries may have to pay tax on the profits they make when they sell their Esop shares. However, shopfloor workers who earn below the taxable income limit won't have to pay any tax on these gains. The Mahindra Group communication credited executive chairman Anand Mahindra and executive director Rajesh Jejurikar for steering the transformation, while thanking employees' families and retired leaders for their support.

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