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Budget earmarks 500cr first tranche of 5,000cr Ulfa deal

contact@dailyupdatesindia.com3 months ago02 mins

GUWAHATI: Union finance minister Nirmala Sitharaman unveiled in Union Budget a Rs 500-crore special development package for projects proposed by United Liberation Front of Assam (Ulfa) — the first tranche of a Rs 5,000-crore fund to be disbursed over five years under a 2023 peace accord between Centre, Assam govt and the militant outfit. Ulfa…

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Cabinet approves Rs 5,000cr equity infusion for Sidbi

contact@dailyupdatesindia.com4 months ago01 mins

NEW DELHI In a bid to improve credit flow to small businesses, the Union cabinet on Wednesday approved equity support of Rs 5,000 crore to Small Industries Development Bank of India (Sidbi), with the money to flow in three tranches.Govt will pump in Rs 3,000 crore in 2025-26 at the book value of Rs 568.7…

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Maruti to invest nearly Rs 5,000cr for 2nd Gujarat plant

contact@dailyupdatesindia.com4 months ago01 mins

AHMEDABAD: Maruti Suzuki India will invest Rs 4,960 crore to set up its second passenger vehicle manufacturing plant in Gujarat, with the board approving land acquisition at Khoraj Industrial Estate near Ahmedabad. The new factory will add 10 lakh vehicles a year to the company’s capacity in the state. Maruti operates a plant at Hansalpur…

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