MoUs with investment up to ₹9 lakh crore on ground: MP CM Mohan Yadav

MoUs with investment up to ₹9 lakh crore on ground: MP CM Mohan Yadav


Madhya Pradesh will showcase its strong infrastructure, including connectivity, and policy initiatives in various sectors to international investors at the World Economic Forum Annual Meeting in Davos, Switzerland. Just before leaving for the Swiss city in the Alps, in an interview to businessline, the State’s Chief Minister Mohan Yadav said Madhya Pradesh aims to double its GSDP in the next five years to more than ₹30 lakh crore.

What will is your strategy to attract investors at Davos?

It is not just Davos; we have been consistently working to attract investment in various sectors for some time. We have a huge potential, whether it is tourism including medical tourism, mining, energy etc. We have a good land bank and strong and cheaper labour force. In Davos, our participation will be based on long-term development vision rather than short-term announcements.

Our preparedness is based on strong infrastructure base. As of date, 48 industrial parks are being developed in 19,300 acres of land. Besides these, modernisation works are being implemented in 33 parks at the cost of ₹537 crore.

We have sector-specific industrial parks such as PM MITRA Mega Textiles Park (Dhar), Medical Device Park (Ujjain), Renewable Energy Equipment Manufacturing Zones, Food Processing Clusters and MSME focused industrial areas.

All these provide plug-and-play infrastructure facilities. We are developing a multi-modal logistics park at the cost of ₹1,100 crore. Connectivity is our key structural strength. State’s central geographical location ensures reaching half of the nation’s population in shortest possible time.

We have strong rail and road connectivity. We have 8 operational airports and another one being developed in Ujjain. Our team is meeting industry leaders and investors at Davos with an effort to forge long-term partnership which will boost employment generation and inclusive growth.

States are competing with each other to attract more and more investment. What are your new initiatives to be more competitive?

Competition has been effective, especially when it is taken forward with a mix of right policy, infrastructure, full preparedness and effective implementation. In 2025, State Government implemented 18 sector-specific policies covering manufacturing, services, infrastructure, tourism and innovation.

On January 15, this year, we launched Spacetech policy which aims to provide new opportunities in communication, geo-spatial services, defence and advanced manufacturing. We are actively working on new Artificial Intelligence Policy.

States’ active participation is key to Centre’s target of $5 trillion economy by 2027, $7 trillion by 2030, $10 trillion by 2033 and $30 trillion by 2047. What are economic targets of Madhya Pradesh?

India can achieve all these goals, when States grow faster, on an inclusive and sustainable basis. Keeping this vision in mind, Madhya Pradesh has prepared its growth strategy. Under the ‘Prosperous Madhya Pradesh Vision 2047’, the State has prepared a clear roadmap to develop itself as highly performing, strong and inclusive economy in line with the vision of Developed India.

Our immediate goal is to maintain double-digit growth rate continuously and double the size of economy in next five years and we have done so during last few years. The size of our budget has gone up to ₹4.21 lakh crore from around ₹3 lakh crore. Though there has been some impact on the revenue on account of GST rate rationalisation, still our effort would be to increase the budget size, which was enlarged by around 15 per cent during last budget. We are at third position in capital expenditure among all States/UTs.

We have not cut down subsidies but at the same time efforts to increase the revenue and use the resources more prudently. For example, subsidy is given to farmers for power connection. Our thinking is rather than giving subsidy, why not give solar pump to entire 32 lakh connections in 3 years and thus we will be able to save subsidy.

Our growth strategy is based on strengthening manufacturing, modern services sector, renewable energy, agriculture & associated value chains, logistics and connectivity. Our GSDP was over ₹15 lakh crore at the end of Fiscal Year 2025-26 and we achieved a growth rate of 11 per cent.

States sign lot of MoUs during investor summit, but there is always question on how many of them actually brought on ground. What is the status here?

Our effort is not just to get intentions and signing MoUs but to bring them on ground in timely manner. Almost 30 per cent of intentions/MoUs signed have actually been on ground. Projects worth almost ₹8 to 9 lakh crore are in different stages of implementation and grounding.

In December itself, Home Minister Amit Shah dedicated and performed groundbreaking for projects within investment of over ₹2 lakh crore. We have strong monitoring, facilitation and inter-departmental co-ordination mechanism so that projects can move faster from approval to implementation.

What are your expectations from 16th Finance Commission? States are looking for higher devolution…

…we are also saying that. We are spending on infrastructure, health, education, skilling, social sector, energy transition beside others keeping national priorities in mind. A judicious, transparent and predictable devolution framework will further strengthen capability of States.

We have full confidence on Centre and in the Finance Commission and we are sure that they will provide appropriate and balanced allocation. We are not looking for any special package, rather we should get what we deserve. MP is only state where is not a single Naxalite.

Now, if we are working to develop affected districts, we expect centre to help in achieving those targets. At the same time, timely transfer of resources under various schemes, State has already spent, should be ensured.

States are facing problem of higher debt. What is your position?

We have not curtailed or closed any schemes, still we have not gone for any overdraft. Our effort is to ensure optimal utilisation of resources.



Source link

Telangana’s Congress govt in a spot over allegations around SCCL tender

Telangana’s Congress govt in a spot over allegations around SCCL tender


Telangana Deputy Chief Minister Mallu Bhatti Vikramarka
| Photo Credit:
NAGARA GOPAL

Telangana Deputy Chief Minister Mallu Bhatti Vikramarka has directed officials of Singareni Collieries Company Limited (SCCL) to cancel the Naini tender notification for a coal mine, following an allegation by a Telugu newspaper that the Minister was favouring a particular bidder.

The decision follows a series of events that put the Congress government in a spot. It all started after a local TV channel aired a report alleging that a senior minister from Nalgonda was courting an All-India Services officer. This sparked a controversy, forcing the TV channel to apologise for maligning the official and prompting the government to set up a Special Investigation Team (SIT) to probe the issue. (As part of the investigation, the police arrested journalists involved in the telecast, which triggered a furore.)

This was followed by a Sunday column in a Telugu newspaper that alleged that both the Nalgonda minister and Bhatti Vikramarka (along with the TV channel promoter) were eying the Singareni Collieries tender, leading to the crisis. The column claimed that the TV channel aired the report to put the Nalgonda minister in a bad light. 

Denying the allegations, the Deputy Chief Minister asserted that he would not be bogged down by them and would do everything to protect Telangana’s interests and properties.

“I directed the officials to cancel the tender. They told me there is no need to cancel since the process has barely started. Yet, I asked them to cancel the notification. I asked them to follow the terms and conditions generally set at the national level,” he said.

Stating that the news report was fictitious, he said he was not after making money or amassing properties. He alleged that the report was intended to create a wedge between the leaders.

Published on January 18, 2026



Source link

Discoms post ₹2,701 cr profit in FY25 after years of losses

Discoms post ₹2,701 cr profit in FY25 after years of losses


The Aggregate Technical & Commercial (AT&C) losses have reduced over the years, signalling a transformation.

Power distribution utilities in the country collectively recorded a profit of ₹2,701 crore in FY25 after having incurred losses for several years, an official statement said on Sunday.

Distribution utilities as a whole have been reporting losses for past several years since unbundling and corporatisation of State Electricity Boards.

The utilities collectively posted a loss of ₹25,553 crore in FY24 and a loss of ₹67,962 crore in FY14, the power ministry said in a statement.

Commenting on the profit in FY25, Power Minister Manohar Lal said this marks a new chapter for the distribution sector and is a result of several steps taken by the ministry to redress the concerns of the distribution sector.

“India is driving not only its growth but also the growth of the world, with the energy sector playing a significant role in this,” Lal said.

He said the government is committed to the required reforms in the sector so that the power sector can support India’s growing economy and play its part in the journey towards Viksit Bharat.

The ministry said the result of reforms is evident not just in the PAT posted by distribution companies (discoms) after so many years, but also in other performance indicators.

The Aggregate Technical & Commercial (AT&C) losses have reduced over the years, signalling a transformation.

The AT&C losses have reduced from 22.62 per cent in FY 2013-14 to 15.04 per cent in FY 2024-25.

Further, signalling much improved cost recovery, the Average Cost of Supply–Average Revenue Realized (ACS–ARR) gap has narrowed from ₹0.78/kWh in FY14 to ₹0.06/kWh in FY25.

Reforms such as the Electricity (Late Payment Surcharge) Rules have led to a 96 per cent reduction in outstanding dues to generating companies—from ₹1,39,947 crore in 2022 to just ₹4,927 crore by January 2026—while bringing down distribution utility payment cycles from 178 days in FY 21 to 113 days in FY 25.

Some of the transformative initiatives in the distribution sector include Revamped Distribution Sector Scheme (RDSS): Enhancing financial viability through infrastructure modernization and accelerated smart metering.

In addition to the different policy initiatives, extensive engagements with states and UTs have emphasised reforms in the distribution sector.

These include discussions led by Power Minister Manohar Lal during the Regional Conferences of Energy Ministers of States/UTs in 2025 – Gangtok, Mumbai, Bengaluru, Chandigarh and Patna.

Published on January 18, 2026



Source link

Trump says “time to look for new leadership in Iran,” after Khamenei blames US for unrest

Trump says “time to look for new leadership in Iran,” after Khamenei blames US for unrest


US President Donald Trump on Saturday called for an end to 37-year rule of Iran’s Supreme leader Ayatollah Ali Khamenei’s regime, saying, “It’s time to look for new leadership in Iran,” as anti-government protests in the Islamic Republic escalate, driven by soaring inflation, economic hardship and mounting public anger over governance.

In an interview with Politico, the US President stated that they criticised Tehran’s leadership, saying they rely on violence and repression to maintain control. “What he is guilty of, as the leader of a country, is the complete destruction of the country and the use of violence at levels never seen before,” Trump said, as quoted by Politico.

“In order to keep the country functioning–even though that function is a very low level–the leadership should focus on running his country properly, like I do with the United States, and not killing people by the thousands in order to keep control,” he added. The US President further noted that “leadership” is built on respect, not “fear and death”.

Trump further denounced Khamenei personally, calling him “a sick man who should run his country properly and stop killing people,” and described Iran as “the worst place to live anywhere in the world because of poor leadership,” as reported by Politico.

His remarks come shortly after Khamenei, in a series of posts on X, blamed Trump for the unrest and casualties in Iran.

The leader of the Islamic Republic also accused Trump of misrepresenting violent groups as reflecting the will of the Iranian people, calling it “an appalling slander”.

“The US President introduced the groups who committed acts of vandalism, arson, and murdered people as ‘the Iranian nation.’ He uttered an appalling slander against the Iranian people. We find the US President guilty for this slander,” Khamenei said. “The US President sent a message to the seditionists saying he would support them and provide military support. In other words, the US President himself was involved in the sedition. These are criminal acts,” he added.

Trump’s remarks mark a continuation of the increasingly tense rhetoric between Washington and Tehran, highlighting the deepening divide over Iran’s domestic unrest and governance.

According to the Human Rights Activist News Agency (HRANA), nationwide protests in Iran have entered their twenty-first day, with internet blackouts and heavy security crackdowns continuing across the country.

Confirmed reports from HRANA state that 3,308 people have died so far during the protests, with an additional 4,382 cases still under investigation. So far, 2,107 individuals have been recorded with serious injuries, and authorities have confirmed the arrest of at least 24,266 people.

Meanwhile, Khamenei, for the first time, acknowledged that “several thousand people” have lost their lives during the unrest.

Published on January 18, 2026



Source link

IDBI Bank SC, ST and OBC Employees Forum seeks protection of rights, careers

IDBI Bank SC, ST and OBC Employees Forum seeks protection of rights, careers


The forum said many young and aspiring graduates and post graduates had quit Government and PSB jobs to join IDBI Bank in early 2004.
| Photo Credit:
ADNAN ABIDI

The IDBI Bank SC, ST and OBC Employees Forum has requested President of India, the Centre as well as management of the bank to protect rights, careers, and dignity of thousands of SC/ST/OBC employees by absorbing them into leading PSU banks/Fls or other public sector units. 

A memorandum submitted by the employees forum to the President sought her ‘urgent and compassionate intervention in safeguarding jobs of thousands of socially and economically backward employees and their families likely to be severely impacted by proposed privatisation of lDBl Bank.’

Forwarded to PM, FM

A copy of the memorandum has been forwarded to the Prime Minister; Union Finance Minister; Governor, Reserve Bank; Secretary, DIPAM; Union Minister of Social Justice and Empowerment; and to Chairpersons each of National Commissions for Scheduled Castes; Scheduled Tribes; and Backward Classes.

The forum said many young and aspiring graduates and post graduates had quit Government and PSB jobs to join the bank in early 2004. They had fond hopes of assuring themselves of career prospects, salary hikes and better perquisites. They are shocked to hear about the bank’s moves on merger/privatisation. With uncertainty looming large, it’s very difficult lo get matching jobs elsewhere in case the merged bank slaps a VRS offer.

Switch-over option

The memorandum requested that in the event that privatisation is finalised, all existing OBC/SC/ST employees be provided a one-time switch-over option to other public sector banks, with a listed series of safeguards. 

These should ensure transfer with same service conditions; no implied loss of seniority, pay, or service benefits; retention of reservation protection and promotion rights; and a posting near current place of work to minimise disruption. These would make for a ‘humane and constitutionally respectful’ initiative to protect interests of those who joined the bank under assurance of public sector job safeguards, the memorandum said.

Promulgation of law

Importantly, the employees forum also urged the Centre to consider a statutory framework or amendment that ensures SC/ST/OBC reservation protection continues for employees of any public institution that undergoes privatisation or disinvestment in future. A law may be promulgated mandating reservation and inclusion of social justice clauses in MoUs with private buyers during PSU sales.

Government has followed SC/ST/OBC reservation during recruitment before disinvestment happens. Thus existing employees from these categories enjoy protected status under constitutional provisions. lDBl Bank has been a pillar of inclusive bonking and notion-building, the forum recalled. SC/ST/OBC employees are not merely employees but representatives of Government’s vision for equality, opportunity, and upliftment.

Published on January 18, 2026



Source link

HDFC Bank Q3 Results: मुनाफा 11.5 परसेंट बढ़कर 18000 करोड़ के पार, सोमवार को फोकस में स्टॉक

HDFC Bank Q3 Results: मुनाफा 11.5 परसेंट बढ़कर 18000 करोड़ के पार, सोमवार को फोकस में स्टॉक


नेट इंटरेस्ट इनकम (NII) या बैंक को अपने दिए उधार पर इंटरेस्ट के तौर पर हुई कमाई 32615 करोड़ रुपये रही, जो पिछले साल इसी अवधि के 30653 करोड़ रुपये से 6.4 परसेंट ज्यादा है. बैंक ने ग्रॉस नॉन-परफॉर्मिंग एसेट्स (GNPA) 35179 करोड़ रुपये बताया, जबकि पिछले साल यह 36019 करोड़ रुपये थी. इससे पता चलता है कि GNPA में भी सुधार आया है, जो पहले के 1.42 परसेंट के मुकाबले 1.24 परसेंट पर आ गया है. नेट NPA 11981.8 करोड़ रुपये रहा. यह पिछले साल 11588 करोड़ रुपये था. नेट NPA रेशियो भी 0.46 परसेंट के मुकाबले घटकर 0.42 परसेंट पर आ गया है. 

कितना रहा ऑपरेटिंग खर्च?

बैंक का इस तिमाही का ऑपरेटिंग खर्च 18771.04 करोड़ रुपये रहा. इसमें से अगर न्यू लेबर कोड को लागू करने के चलते करीब 800 करोड़ रुपये के असर को अलग रखें, तो यह खर्च 17970 करोड़ रुपये बैठता है. यह पिछले साल के मुकाबले थोड़ा ज्यादा है. कोर कॉस्ट-टू-इनकम रेशियो 39.2 परसेंट पर बना रहा. बैंक ने हाल ही में एग्जीक्यूटिव डायरेक्टर भावेश जवेरी के रिटायरमेंट का भी ऐलान किया. जवेरी ने बोर्ड को बताया कि वह बैंकिंग सेक्टर के बाहर मौके तलाशना चाहते हैं और दोबारा नियुक्ति के लिए आवेदन नहीं करेंगे. वह 18 अप्रैल, 2026 को अपने पद से रिटायर हो रहे हैं.

बैंक की कैपिटल पोजीशन भी मजबूत है. बैंक 31 दिसंबर, 2025 तक 19.87 परसेंट के टोटल कैपिटल एडिक्वेसी रेशियो (CAR) के साथ अच्छी तरह से कैपिटलाइज्ड, जो रेगुलेटरी जरूरत से काफी ज्यादा है. टियर-1 कैपिटल 17.8 परसेंट और कॉमन इक्विटी टियर-1 17.4 परसेंट पर है. 

शेयरों का कैसा रहा हाल? 

35000 करोड़ का दांव, 12000 लोगों की नौकरी… ऑटो सेक्टर की इस दिग्गज कंपनी का बड़ा है प्लान 



Source link

YouTube
Instagram
WhatsApp