JUNE 20268TOP STORIESRoad Connectivity in Punjab is set to receive a major boost after the National Highways Authority of India (NHAI) signed a concession agreement for a new highway project aimed at strengthening transport links in the region. The project, which will connect the Ambala-Chandigarh section of NH-205A with the Zirakpur Bypass, is expected to ease traffic movement and improve access to one of the busiest transit corridors on the Punjab-Haryana border.The development marks another step in India's ongoing highway infrastructure expansion drive, with Road Connectivity in Punjab emerging as a key focus area. The concession agreement was executed on June 9 between NHAI and Ceigall Ambala Chandigarh Zirakpur Ltd., a special purpose vehicle (SPV) of Ceigall India. Gujarat is preparing to introduce a new industrial category aimed at attracting some of the country's largest investments. Under the proposed policy, eligible ultra mega project may receive incentives worth up to 40 percent of their capital investment, a move that could significantly boost large-scale manufacturing, infrastructure, and technology investments in the state.The proposed ultra mega category is expected to be part of Gujarat's upcoming industrial policy and will target projects with investments of at least Rs 10,000 crore while creating substantial employment opportunities. The initiative reflects Gujarat's continued efforts to strengthen its position as one of India's leading investment destinations. India is quietly designing the World's Most Powerful Chips, marking a significant shift in the global semiconductor landscape. The World's Most Powerful Chips, including advanced processors used for artificial intelligence and high-performance computing, are increasingly being designed by engineering teams based in India.Union Railway Minister Ashwini Vaishnaw highlighted this growing achievement, emphasizing that India has emerged as a major hub for semiconductor design and innovation. The development reflects the country's rising influence in the global chip industry as it seeks to strengthen its position across the semiconductor value chain. CleanMax bags 900 MW Renewable Energy Pact With Meta in a landmark move that further strengthens India's clean energy ecosystem. The latest agreement takes the total renewable energy partnership between CleanMax and Meta to more than 900 MW, making it one of the largest corporate renewable energy collaborations in the country.The announcement highlights the growing demand for green power from global technology companies while reinforcing India's position as a key renewable energy investment destination. The partnership will support Meta's long-term sustainability goals and help power its expanding digital infrastructure with clean energy. The Center has reduced the annual subsidized LPG cylinder quota under the Pradhan Mantri Ujjwala Yojana (PMUY) from nine to four per year, citing average household consumption patterns. The latest developments come after oil marketing companies increased the price of a 14.2-kg domestic LPG cylinder by Rs 29, pushing up household fuel costs across major cities.ROAD CONNECTIVITY IN PUNJAB SET TO IMPROVE WITH NEW NHAI PROJECTCLEANMAX LANDS MEGA 900 MW RENEWABLE ENERGY PACT WITH METACENTER CUTS PMUY SUBSIDIZED CYLINDER QUOTA TO FOUR PER YEARULTRA MEGA PROJECTS COULD GET UP TO 40% INCENTIVES IN GUJARATINDIA IS QUIETLY DESIGNING THE WORLD'S MOST POWERFUL CHIPSAt the same time, the government has revised the annual subsidy entitlement for PMUY beneficiaries, reducing the number of subsidized cylinders available each year. The move is aimed at aligning subsidy support with average household consumption patterns, according to government officials. While eligible beneficiaries will continue to receive a subsidy of Rs 300 per cylinder, the reduced quota means fewer subsidized refills will be available annually.
< Page 7 | Page 9 >