Month: July 2023

DELIVERY OF FIRST MCA BARGE, LSAM 7 (YARD 75) AT INS TUNIR, MUMBAI

Vijay Raman

Contract for construction of 08 x Missile Cum Ammunition (MCA) Barge was concluded with M/s SECON Engineering Projects Pvt Ltd, Visakhapatnam, a MSME, in consonance with “Aatmanirbhar Bharat” initiatives of the Government of India. First Barge of the series LSAM 7 (Yard 75) has been delivered to Indian Navy on 18 Jul 23 in presence of Cmde Iftekhar Alam, Commanding Officer, INS Tunir. The Barge has been built under the classification rules of Indian Register of Shipping (IRS) with a service life of 30 years. With all major/ auxiliary equipment…

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INDIAN ARMY LAUNCHES ALL WOMEN TRI-SERVICES MOTORCYCLE RALLY FROM NEW DELHI TO DRAS TO COMMEMORATE 24TH KARGIL VIJAY DIWAS

Vijay Raman

To commemorate 24 years of victory over Pakistan in the Kargil War of 1999 and to highlight the indomitable spirit of women, Indian Army launched a Tri-Services ‘Nari Sashaktikaran Women Motorcycle Rally’ from National War Memorial, Delhi to Kargil War Memorial, Dras (Ladakh). The all-women Motorcycle Rally was Flagged Off by the Chief of the Army Staff, General Manoj Pande from the National War Memorial, New Delhi on 18 Jul 23. Mrs Archana Pande, Chairperson of the Army Wives Welfare Association was also present at the occasion. For the Flag…

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Plot vs Flat – Which Is Right for You in 2023?

Vijay Raman

– by Akash Pharande, Managing Director – Pharande Spaces Plotted developments have been in the news fairly regularly since the Covid-19 pandemic. It appears that many Indians are now considering this option versus investing in built-up homes. Such preferences are dictated by many factors, including availability, infrastructure development, cultural preferences for low-rise homes, investment preferences, and knowledge – and, of course, the cost factor. To begin with, we must consider the price of a plot of land suitable and cleared for residential development (technically, non-agricultural or NA land), or a…

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Sachin Manchanda Foundation Conducts Food Drive, Serves Flood Victims Around Mayur Vihar

Vijay Raman

  Sachin Manchanda Foundation once again showcased its unwavering commitment to serving the community by organising a food drive for flood victims around Mayur Vihar. In response to the devastating flood crisis in Delhi, the foundation stepped forward to provide assistance to the impoverished individuals forced to seek refuge on the roads.   The recent floods in Delhi caused immense hardship for families, leaving them displaced and struggling to meet their basic needs. Understanding the urgency of the situation, Sachin Manchanda Foundation promptly dedicated volunteers to conduct a food drive,…

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Listed Developers’ Cost of Debt Shrinks to 9% in FY23 from 10.3% in FY20

Vijay Raman

Avg. cost of debt saw yearly increase (7.96% in FY22) but remained lower than the pre-pandemic levels due to rising repo rates Net debt of top 8 listed developers remains stable at approx. INR 230 Bn in FY23 in comparison to FY22, but is 43% down compared to FY19 Listed developer’s revenue collectively goes up by 7% on yearly basis – from approx. INR 281 Bn in FY22 to over INR 301 Bn in FY23; but it is yet to come back to pre-pandemic levels of FY20 (INR 329 Bn)…

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MoU signed to establish 1st campus of IIT Delhi in Abu Dhabi

Vijay Raman

The signing took place in the presence of HE Sheikh Mohamed Bin Zayed Al Nahyan, President of the UAE and Shri Narendra Modi, Prime Minister of India. The MoU was signed by HE Mubarak Hamad Al Mheiri, ADEK Under Secretary, Shri Sunjay Sudhir, Indian Ambassador to the UAE and Professor Rangan Banerjee, Director, Indian Institute of Technology Delhi.   Complementing the ongoing UAE-India Comprehensive Economic Partnership Agreement (CEPA), the MoU reflects the shared vision of both nations to prioritize educational excellence, innovation, knowledge exchange, and investments in human capital as…

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Ayush Health Services and Research Facility at Goa inaugurated

Vijay Raman

The Ministry of Ayush has established Ayush health services for health care & Ayush research facilities at Ribandar in Goa. The facility aims to provide high-quality and affordable Ayush healthcare services to local community and also promote research in traditional medicine by developing a museum, library and a laboratory dedicated to conducting research on medicines of mineral and marine origin.   It was inaugurated by Chief Minister of Goa Dr. Pramod Sawant, and Union Minister of Ayush & Ports, Shipping and Waterways Shri Sarbananda Sonowal, Union Minister of State for…

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Delhi Airport’s fourth runway, dual taxiway inaugurated

Vijay Raman

Shri Jyotiraditya M. Scindia, Union Minister for Civil Aviation and Steel inaugurated a new runway and a dual-way elevated taxiway at New Delhi International Airport today. With this, the IGI Airport, New Delhi has become the first airport in the country to have four runways and becomes the first airport in the country to have an elevated taxiway. During the event, General (Dr.) Vijay Kumar Singh (Retd.) Union Minister of State for Civil Aviation, and Road Transport and Highways, Shri Sanjeev Kumar, Chairman, Airport Authority of India, Shri G. M.…

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Skill India project successfully revives the dying Namda Art of Jammu and Kashmir

Vijay Raman

Union Minister of State for Skill Development and Entrepreneurship and Electronics and IT, Shri Rajeev Chandrasekhar today flagged off the first batch of Namda Art products for export to the United Kingdom (UK).   The Namda craft of Kashmir is being successfully revived under a Skill India’s Pilot Project as part of the Pradhan Mantri Kaushal Vikas Yojana (PMKVY), with nearly 2,200 candidates from across six districts of the state, receiving training in the dying art form.   The project sets a great example of the public-private partnership (PPP) model…

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Sachin Manchanda Foundation Holds Successful Food Drive to Alleviate Hunger Amidst Challenging Season

Vijay Raman

  ·      Free food distribution for underprivileged who are unable to cook due to flooded houses.   Sachin Manchanda Foundation, a renowned charitable organisation, recently organised a food drive to nourish and relieve those facing difficulties securing meals during the rough rainy season. The event, held on the occasion of the 85th birth anniversary of the Late Shri Yogendra Sen Manchanda, father of Sachin Manchanda, witnessed an overwhelming response, with 700 individuals benefiting from the initiative.   Heavy rains have created havoc in north India with millions of poor people staying…

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