#PM-Gati Shakti

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Cabinet Approves Rs 24,657 Crore for 8 Railway Projects, Chakulia to Benefit

New railway lines to boost connectivity across 7 states, covering 900 km and 64 stations The government’s ambitious rail expansion plan aims to enhance mobility and foster economic growth in underserved regions. JAMSHEDPUR – The Cabinet Committee on Economic Affairs has greenlit eight significant railway projects, signaling a major boost to India’s transportation infrastructure. The approved…

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India’s railway line network expanded by 31,180 km in last 10 years

Indian Railways has achieved a “remarkable expansion” of 31,180 km from 2014 to 2024, with an average commissioning rate of 8.54 km per day for new lines, gauge conversions, and doubling sections, according to information provided to Parliament on Friday.

Source: bhaskarlive.in

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PM Gati Shakti: India's Turbo Boost for Logistics

Hey there, logistics enthusiasts! Buckle up, because we're about to look into one of India's most ambitious infrastructure projects: PM Gati Shakti.

Imagine a country where goods move seamlessly, like a well-oiled machine. No more bottlenecks at ports, no more red tape at borders, just smooth, efficient transportation across highways, railways, waterways, and airways. That's the dream PM Gati Shakti is chasing, and let me tell you, it's not just a pipe dream.

This National Master Plan is more than just bricks and mortar. It's a game-changer for the Indian economy, aiming to slash logistics costs by a whopping 10%. Think of it as a steroid shot for our supply chains, making them leaner, meaner, and more competitive on the global stage. India's logistics sector, long plagued by fragmentation and inefficiency, has finally found a champion: PM Gati Shakti. This ambitious National Master Plan, launched in 2021, is more than just another infrastructure project – it's a paradigm shift aiming to propel India into the global logistics league.

How does this magic work

PM Gati Shakti is all about synergy. It's about breaking down the silos between different ministries and departments and bringing them together on a single digital platform.

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Centre Approves Six Infrastructure Projects: A Road To Development

On March 22, 2023, the Network Planning Group (NPG) under the PM Gati Shakti initiative approved six infrastructure projects related to renewable energy, roads, and railways, according to an official statement. The Ministry of Commerce and Industry (MoCI) announced that the NPG examined and recommended these projects during its 45th session. The six approved projects include one project by the Ministry of New and Renewable Energy (MNRE), three by the Ministry of Railways, and two by the Ministry of Road Transport and Highways of India (MoRTH). The MoCI added that these projects will be developed in line with PM GatiShakti Principles, utilizing an integrated and holistic approach.

The MoCI stated that these projects will provide multimodal connectivity, seamless movement of goods and passengers, and increase logistics efficiency across the country. The three railway projects proposed by the Ministry of Railways involve the construction of an elevated railway track for Kanpur Anwarganj – Mandhana, a rail bridge across the river Ganga to connect Vikramshila – Katareah railway station, and the doubling of Ajmer – Chittaurgarh railway line of 178.28 km.

The MoCI said that the first railway project aims to increase line capacity utilization and improve city logistics in the region. The second project is a critical infrastructure project, as it will provide seamless freight flow movement upon completion, and the third project will predominantly serve the industrial and tribal belt in Rajasthan. The region has many religious, tourist, and historic places, including Pushkar, Ajmer, Chittorgarh, and Udaipur.

The MNRE project examined by the NPG involves the Inter-State Transmission System for Renewable Energy Projects in Ladakh, which the government describes as an essential and unique project. The MoCI stated that this project is a significant step towards achieving the Government of India's target of 500 GW capacity from non-fossil fuels by 2030.

The PM Gati Shakti – National Master Plan was introduced on October 13, 2022, with the aim of creating integrated infrastructure to save logistics expenses. These six approved projects are expected to boost the country's infrastructure and promote the use of renewable energy, which is in line with the government's sustainable development goals.

Also Read:Protecting The Aravalli’s: Haryana's Innovative 'Green Wall' Initiative

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Important Current Affairs for UPSC 2024 Prelims

The Union Public Service Commission (UPSC) Civil Services Examination is one of the most challenging exams in India, and staying updated with current affairs is crucial for success, especially in the Prelims. With the UPSC 2024 Prelims approaching, aspirants are increasingly focusing on which current affairs topics are likely to be significant. Below is a guide to the most important areas you should concentrate on, with insights from Khan Global Studies.

1. Geopolitical Developments

International relations play a significant role in the UPSC Prelims, and 2023 has been a year of major geopolitical shifts. The evolving dynamics between major powers like the United States, China, and Russia, along with India's role in these global developments, are crucial. Key topics include the Russia-Ukraine conflict, its global impact, and India's stance on various international issues. Additionally, India's relations with neighboring countries, its role in multilateral organizations like the United Nations, BRICS, and G20, and participation in global summits are vital areas to focus on.

2. Environmental and Climate Issues

With increasing emphasis on sustainability and climate change, environmental issues have become a staple in the UPSC Prelims. The COP28 conference, the Intergovernmental Panel on Climate Change (IPCC) reports, and India's initiatives toward achieving its climate goals under the Paris Agreement are critical topics. Additionally, understanding the impact of natural disasters, new environmental policies, and biodiversity conservation efforts in India will be beneficial.

3. Economic Developments

The Indian economy has seen significant changes, especially in the post-pandemic recovery phase. Topics like inflation trends, fiscal policies, monetary policy changes by the Reserve Bank of India (RBI), and government initiatives like 'Make in India' and 'Atmanirbhar Bharat' are essential for the Prelims. Furthermore, recent developments in digital currency, economic reforms, and trade relations will likely be tested.

4. Social Issues and Government Schemes

Social issues such as healthcare, education, and gender equality continue to be relevant for the UPSC exam. Recent government schemes like PM Gati Shakti, PM-Poshan, and the National Education Policy (NEP) 2020, which are being implemented or modified, should be studied in detail. Additionally, awareness of social justice issues and government responses to them is important.

5. Science and Technology

Advancements in science and technology are always a hot topic in UPSC Prelims. Areas like space exploration, with India's missions by ISRO, developments in artificial intelligence, biotechnology, and renewable energy technologies, are all critical. The application of technology in governance, digital initiatives by the Indian government, and cybersecurity issues are also worth focusing on.

Conclusion

Preparing for the UPSC 2024 Prelims requires a comprehensive understanding of current affairs. While it is impossible to predict every question, focusing on the areas mentioned above will give you a strong foundation. Khan Global Studies provides tailored resources that help aspirants navigate these complex topics with ease, offering in-depth analysis and insights that go beyond mere facts, helping you build a critical perspective essential for the exam.

[karuppuezhutthu-blog]

பிரதமரின் கதி சக்தி திட்டத்தால் சீனாவை முந்தும் இந்தியா: சர்வதேச முதலீட்டு நிறுவனம் கணிப்பு | India overtakes China by PM s gati Shakti project

புதுடெல்லி: இந்தியாவின் உள்கட்டமைப்பு மேம்பாட்டுக்காக கடந்த 2021-ம் ஆண்டு கதி சக்தி திட்டத்தை பிரதமர்மோடி தொடங்கினார். இதன்படிரயில்வே, சாலை, துறைமுகங்கள்உள்ளிட்ட 16 அமைச்சகங்கள் ஒன்றிணைக்கப்பட்டு உள்ளன. இந்த திட்டம் ரூ.100 லட்சம் கோடி செலவில் நடைமுறைப்படுத்தப்படுகிறது. புதிதாக அறிவிக்கப்படும் திட்டங்கள் குறித்த நேரத்தில் நிறைவு பெறாமல் திட்டச் செலவு அதிகரிப்பது நாட்டின் மிகப்பெரிய பிரச்சினையாக…

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Morgan Stanley Says PM Gati Shakti Scheme Gives India An Edge Over China

A Morgan Stanley report said PM Gati Shakti scheme has scaled up Indias infra, spurred growth New Delhi: Global investment bank and financial company Morgan Stanley has stated that the PM Gati Shakti scheme has succeeded in giving a new fillip to India’s infrastructure development and multi-modal connectivity across highways, railways and ports that has spurred economic growth. According to the…

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PM Gati Shakti scheme has scaled up India’s infra, spurred growth: Morgan Stanley

Global investment bank and financial company Morgan Stanley (NYSE:MS) has stated that the PM Gati (NS:ALLA) Shakti scheme has succeeded in giving a new fillip to India’s infrastructure development and multi-modal connectivity across highways, railways and ports that has spurred economic growth. According to the report, India has scaled up its infrastructure strongly over the last decade, with…

[radhemishra]

Why gati shaki project is very important for India.

PM Gati Shakti is a national master plan aimed at multi-modal connectivity in India. Launched by Prime Minister Narendra Modi, this ambitious scheme brings together 16 Ministries, including Railways and Roadways, for integrated planning and coordinated implementation of infrastructure connectivity projects. Here are the key points about PM Gati Shakti:

Vision and Objectives :

- **Comprehensive Connectivity**: PM Gati Shakti incorporates existing and planned initiatives from various Ministries and State Governments. It covers schemes like **Bharatmala**, **Sagarmala**, inland waterways, dry/land ports, **UDAN**, and more.

- **Economic Zones**: The plan aims to improve connectivity for economic zones such as textile clusters, pharmaceutical clusters, defence corridors, electronic parks, industrial corridors, fishing clusters, and agri zones.

- **Leveraging Technology**: PM Gati Shakti extensively uses spatial planning tools with **ISRO imagery** developed by **BiSAG-N** (Bhaskaracharya National Institute for Space Applications and Geoinformatics).

History and Challenges Overcome:

- Traditionally, lack of coordination between different departments led to inefficiencies. For instance, roads were often dug up again for laying underground cables or gas pipelines. PM Gati Shakti addresses this by promoting holistic planning.

- Efforts have been made to streamline approval processes and reduce regulatory hurdles.

Six Pillars of PM Gati Shakti:

- **Comprehensiveness**: All existing and planned initiatives are centralized on one portal, allowing better visibility and data sharing.

- **Prioritization**: Departments can prioritize projects through cross-sectoral interactions.

- **Optimization**: The master plan assists ministries in planning by identifying critical gaps.

- **Innovation**: Encourages innovative approaches to infrastructure development.

- **Technology**: Leverages advanced tools for planning and execution.

- **Holistic Governance**: Projects are designed and executed with a common vision, avoiding siloed planning.

PM Gati Shakti aims to propel India into the 21st century by enhancing connectivity, reducing logistics costs, and fostering sustainable development.

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India is undergoing major improvements to its road and bridge infrastructure through several initiatives and projects. The Bharatmala Pariyojana project aims to develop 34,800 km of highways and has increased construction speed significantly. Twenty Seven greenfield expressways are also being built. Rural roads development is gaining focus with the Pradhan Mantri Gram Sadak Yojana completing over 3.5 lakh km of rural roads. Upcoming initiatives like the Sagarmala project and Gati Shakti Master Plan aim to further optimize logistics and transport. New technologies like BIM and drones are also fast tracking road surveys and design.

Overview

It is a matter of pride for India that the second-largest road network in the world, which is 6.37 million kilometers in length, is our possession. In the last few years, there has been a dramatic rise in the country's highway construction speed from around 12 kilometers per day in 2014-15 to around 29 kilometers per day in 2021-22. The number of functional highways has gone up from 97,830 kilometers in 2014 to 145,155 kilometers today. On the other hand, the nine years of the Pradhan Mantri Gram Sadak Yojana (PMGSY) have seen the construction of more than 3.5 lakh kilometers of rural roads which have made all-weather roads free from all-weather roads connectivity to villages of India. The government's budget allocation for road infrastructure has had a rapid increase, now amounting to about ₹1.4 lakh crore in FY22-2023. Through the completion of strategic projects like the Atal Tunnel, the Dhola-Sadiya Bridge, and the Chenab River Bridge during a relatively short time frame, the government impresses the public with its inclusive governance and readiness to connect even the remotest regions of the country.

India’s Paving Innovative Developments in Road and Bridges Infrastructure

India is involved in the execution of highly ambitious infrastructure projects like the Chenab Bridge, which is the tallest arch railway bridge and is located near one of the highest altitudes, and an Indian Railway line that runs throughout its entire length. This bridge is a demonstration of the amazing engineering skills that Indians possess and is proof that a cohesive team, as leaders, can generate solutions that will in turn sustain the development of India.

The Indian government emphasizes infrastructure development and the government has developed schemes and policies within the framework of infrastructural development. The National Infrastructure Pipeline (NIP) in 2019 is an initiative that enables governments at the national level to focus on social and infrastructure projects including energy, roads, railways, and urban development projects worth INR 102 lakh crores. The Centre and States have the next to equal share of close to 40% each and the private sector has a 21% share. NIP also takes advantage of the PM GatiShakti Master Plan, which intends to intensify India's logistics system. In the Indian Budget 2023-24, the Government of India highlighted the necessity of stepping up the amount of money spent on infrastructure and nearly tripled its infrastructure spending to 3.3% of GDP against 2019-20 expenditure. INR 75000 crores, which is a budget for 100 projects is crucial towards the development of the comprehensive multimodal logistics infrastructure.

As of the end of July 2023, Indians’ total length of national highways amounted to 146,145 km. This figure showed a 60 percent increase from the April 2014 level of 91,287 km. The government aims to achieve this by 2030 with 1.3 times more as compared to the 2020 value which makes it 185,000 km and with 1.6 times more as compared to the 2020 value it should make it 237,000 km by 2047. The Bharatmala Pariyojana, which is the nation's largest infrastructure project, envisages the development of about 34,800 km of national highways. There would be around 27,000 km of this awarded and about 14,500 km already constructed by July 2023 with a capital expenditure of Rs 10.64 trillion As well as this, the building of 27 greenfield expressways is ongoing with a capital cost of Rs 4.5 trillion. The feather in the cap, however, is the construction of the Delhi-Mumbai Expressway, Mumbai-Nagpur Samruddhi Expressway, Bangalore-Chennai Expressway, Delhi-Amritsar-Katra Expressway and the one between Kanpur and Lucknow Expressway.

The emphasis given by the central government to the road sector is vividly illustrated in the uptick of Capital spending by the Ministry of Road Transport and Highways (MoRTH), which has gone from Rs. 0.31 trillion in 2013-14 to Rs. 2.59 trillion in 2023-24, with a 23% CAGR. Out of the capex of 50,000 crore rupees provisioned for the next financial year, about 60 percent has been allocated to the National Highways Authority of India or NHAI. In the last two years, the hybrid annuity model (HAM) share with 55 percent retained in projects awarding has been followed up with the engineering, procurement, and construction (EPC) constituting 44 percent. The government focuses on contributing to the BOT model which is intended to improve the quality of projects. Through this, it aims to increase the chunk of BOT projects from the current share of less than 5 percent to around 10 percent in the coming two years.

Key Initiatives and Their Impact

Bharatmala Pariyojana: This flagship program envisions an integrated network of highways spanning the nation. The project has significantly expedited the pace of highway construction, with India achieving an average construction rate of 37 km per day in 2022-23, a remarkable increase from 12.1 km per day in 2014-15.

Sagarmala Programme: Focusing on coastal and port-led development, this initiative aims to modernize India's ports, optimize logistics efficiency, and boost maritime trade.

Gati Shakti National Master Plan: This transformative plan promotes integrated infrastructure planning and implementation. Gati Shakti utilizes technology to break down silos between various ministries, enabling seamless coordination and accelerated project delivery.

Focus on Rural Roads: The Pradhan Mantri Gram Sadak Yojana (PMGSY) has been instrumental in connecting rural habitations, providing much-needed access to essential services, markets, and opportunities for India's vast rural population.

Strategic Connectivity Projects: The construction of iconic bridges like the Chenab River Bridge (the world's highest railway bridge) and projects such as the Atal Tunnel have overcome geographical challenges, particularly in border and remote regions, thereby fostering national integration.

Source: Ministry of Road Transport and Highways

Upcoming Expressways Projects in India

According to the report, aided by the Pradhan Mantri Gram Sadak Yojana (PMGSY), rural road development has also gained traction, with rural roads accounting for 71 percent of the overall road network in India.

During the last decade, the Indian government’s rural road development projects have gained momentum and the authorities are currently engaged in rural road network development. This also is the case as the farmers, especially those who engage in the export market, depend on the rural roads that offer economic benefits like reducing the cost of production and time of transport.

The Ministry of Road Transport and Highways (MoRTH) targets for two hundred thousand kilometers of National Highway Network to be finished by 2025. The aim is to construct the highest quality road infrastructure with the help of a plan-oriented and result-oriented approach. This year MoRTH plans to create an all-time high of 13,000 km of highway and to top it all, MoRTH is also setting a target to increase the speed of highway construction manifoldly. Many of the construction equipment players realize that the Indian market can be a future market for their equipment and solutions, consequently unveiling the latest solutions for road and highway construction. Humbly speaking, L&T's in-house development has been able to design and fabricate an entire set of equipment like Soil Compactors, Tandem Compactors, Mini Compactors, and Pneumatic Tyred Rollers.

India’s Infrastructure Strategy for Sustainability

Decarbonization is today a prominent topic in which sustainability is the key theme. Along with this, a lot of creative practices and techniques of road building are also being used in the Indian sector of roads that are aimed at reducing the environmental impact and improving the long-term viability of road projects. Among the alternatives to conventional aggregate materials are recycled aggregates, waste plastics, crumb rubber, steel slag, modified bitumen, geosynthetics, and fly ash, which are used to support sustainable development.

Modern technologies that involve the use of Building Information Modelling (BIM), precast construction, and virtual twins are taking root in highway projects. The government specifications providing 25% pre-cast concrete elements with the exceptions of foundation work for the national highway projects initiated within the 100 km range of the pre-cast concrete factories have been made mandatory. Besides the goal of reducing pollution, the approach is also to fasten constructing the project and beautify the area at the end of the construction. Besides, these firms are doing testing of robotics and automation in asphalt and concrete laying as well. Digital technologies are now an essential part of highway operation and maintenance, and the need for smart highway infrastructure increases along with the demand for connectivity. Electronic tollways, wireless sensors, and advanced traffic management systems are becoming a trend. The implementation of aerial differential GPS-LiDAR (light detection and ranging) drones for field surveys, and BIM (Building Information Modeling) for road design, have considerably fastened the pre-construction period.

These technologies like driver speed cameras, CCTV systems, and driving assistance systems are making road safety better. Energy-efficient lighting methods, LED street lights included, are being implemented to cut down on energy consumption and provide cost-saving maintenance solutions. These smart roads are not only conceptualized for energy generation but also they have a role to play in ensuring a greener planet.

Conclusion

In conclusion, India is making significant strides in road and bridge infrastructure development through initiatives like Bharatmala Pariyojana, Sagarmala Programme, and Gati Shakti National Master Plan. These projects aim to enhance connectivity, lower logistics costs, and position India as a global economic leader, with a focus on sustainability and innovative technologies to drive progress.

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Interim Budget 2024-25, a beacon of hope for India's growth amid challenges

The Interim Budget 2024-25, presented by Union Finance and Corporate Affairs Minister Nirmala Sitharaman seeks to inject the economy with policies and measures aimed at reigniting positive sentiments and accelerating growth. Can this budget be the catalyst for achieving these growth targets? Let’s delve into its key highlights. Under the guiding principles of ‘Sabka Saath, Sabka Vikas, and Sabka Vishwas’ and the inclusive approach of “Sabka Prayas,” the Finance  Minister  presented the Interim Union Budget 2024-25 in Parliament. The budget focuses on social justice, particularly uplifting four major segments: the poor (‘Garib’), women (‘Mahilayen’), youth (‘Yuva’), and farmers (‘Annadata’). Key Initiatives: Poverty Alleviation: The budget emphasises 'Garib Kalyan, Desh ka Kalyan,' claiming to have lifted 25 crore people out of multi-dimensional poverty in the last decade. Direct Benefit Transfer (DBT) of Rs 34 lakh crore through PM-Jan Dhan accounts has resulted in government savings of Rs 2.7 lakh crore. The PM-SVANidhi scheme provided credit assistance to 78 lakh street vendors, with 2.3 lakh receiving credit for the third time. Tribal and Artisan Support: Schemes like PM-JANMAN Yojana aid the development of particularly vulnerable tribal groups (PVTG), while PM-Vishwakarma Yojana provides end-to-end support to artisans and craftspeople in 18 trades. Agricultural Initiatives: PM-KISAN SAMMAN Yojana provided financial assistance to 11.8 crore farmers, while PM Fasal Bima Yojana offers crop insurance to 4 crore farmers. The Electronic National Agriculture Market (e-NAM) integrated 1361 mandis, serving 1.8 crore farmers with a trading volume of Rs 3 lakh crore. Women Empowerment: The budget highlights 30 crore Mudra Yojana loans given to women entrepreneurs. Female enrollment in higher education has increased by 28%, with girls and women constituting 43% of enrollment in STEM courses, one of the highest rates globally. Over 70% of houses under PM Awas Yojana in rural areas have been allotted to women. Housing: Despite COVID challenges, the budget aims to achieve the target of three crore houses under PM Awas Yojana (Grameen) soon, with an additional two crore houses to be taken up in the next five years. Strategic Initiatives: Rooftop Solarisation and Free Electricity: A significant announcement is the provision of 300 units of free electricity per month through rooftop solarisation to one crore households, expected to save households Rs 15,000 to Rs 18,000 annually. Healthcare: The Ayushman Bharat scheme will be extended to all Accredited Social Health Activist (ASHA) workers, Anganwadi Workers, and Helpers, ensuring broader access to healthcare services. Agriculture and Food Processing: The Pradhan Mantri Kisan Sampada Yojana has benefited 38 lakh farmers and generated 10 lakh employment opportunities. The Pradhan Mantri Formalisation of Micro Food Processing Enterprises Yojana has assisted 2.4 lakh Self-Help Groups (SHGs) and 60,000 individuals with credit linkages, boosting the agricultural and food processing sectors. Research and Innovation: A corpus of Rs 1 lakh crore will be established with a fifty-year interest-free loan to catalyse growth, employment, and development through research and innovation. Infrastructure: An 11.1% increase in capital expenditure outlay for infrastructure development and employment generation, amounting to Rs 11,11,111 crore, is aimed at enhancing the country's infrastructure and creating employment opportunities. Railways: Under the PM Gati Shakti initiative, three major economic railway corridor programs will be implemented to improve logistics efficiency and reduce costs. Aviation Sector: The plan to double the number of airports to 149 and the order of over 1000 new aircraft signals significant growth in the aviation sector. Green Energy: Plans include setting up a coal gasification and liquefaction capacity of 100 MT by 2030 and a phased mandatory blending of compressed biogas (CBG) in compressed natural gas (CNG) for transport and piped natural gas (PNG) for domestic purposes. Tourism Sector: States will be encouraged to undertake comprehensive development of iconic tourist centers, with long-term interest-free loans provided for financing such development. Investments: The budget highlights significant Foreign Direct Investment (FDI) inflows, totaling USD 596 billion during 2014-23, reflecting a positive outlook for investments in the country. Reforms in the States: To support milestone-linked reforms by state governments, a provision of Rs 75,000 crore as a fifty-year interest-free loan is proposed. The budget also focuses on tax rationalisation efforts, achievements in taxpayer services, and the economic journey since 2014. It sets the stage for a dynamic and inclusive growth trajectory, aiming to propel India towards greater prosperity and well-being for all its citizens. Read the full article

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PM Gati Shakti: India's Turbo Boost for Logistics

Hey there, logistics enthusiasts! Buckle up, because we're about to look into one of India's most ambitious infrastructure projects: PM Gati Shakti.

Imagine a country where goods move seamlessly, like a well-oiled machine. No more bottlenecks at ports, no more red tape at borders, just smooth, efficient transportation across highways, railways, waterways, and airways. That's the dream PM Gati Shakti is chasing, and let me tell you, it's not just a pipe dream.

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Yatra Online Lists Shares on the Stock Market, Initial Trading Sees Over 10% Drop in Stock Price

Today in the share market, Yatra Online company's shares have been listed. The company's shares have been listed on both the Sensex and Nifty. The company's IPO opened for investors earlier this month. The IPO price range for the company was ₹135-₹142 per share. The company's shares today were listed with a drop of more than 10%.

Yatra Online company's shares witnessed a decline of over 10% compared to the issue price of ₹142 during the opening session in the BSE. It started at ₹130, down 8.45% from the issue price, and further dropped to ₹127.40, a 10.28% decline. Similarly, on the NSE, the company's shares began trading at ₹127.50, marking a 10.21% drop. Read more : Cement Prices May Rise Up to 400 Rupees Per Bag, Impact on Construction Work The market capitalization of the company was ₹2,127 crores during the initial trades. At the time of writing, the company's shares were trading with a 10% decline. The Company's IPO Travel company Yatra Online's initial public offer (IPO) was oversubscribed 1.61 times last week. The company issued fresh shares worth ₹602 crores, including a proposal to sell 1.21 crores equity shares. The price band for the company's IPO was ₹135-₹142 per share. The funds raised through the IPO, up to ₹150 crores, will be used for strategic investments, acquisitions, and organic growth. The remaining ₹392 crores will be utilized for customer acquisition and retention, technology, and other organic development initiatives. About the Company Yatra Online Limited provides corporate travel services, catering to corporate customers. It is the third-largest online travel company in the country among major online travel players in terms of total booking revenue and revenue from operations. Read more : PM Gati Shakti: Approval for 6 Projects Worth ₹52,000 Crores, Enhancing Road and Rail Infrastructure Read the full article

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Bull Run in 3 Railway Stocks - RVNL, IRFC, IRCTC Surge on Massive Investment Plans

RVNL, IRFC & IRCTC , railway stocks are experiencing a remarkable surge that has not gone unnoticed by investors. This unprecedented bullish trend in railway stocks can be attributed to a game-changing development: the Ministry of Railways’ plan to seek Cabinet approval for a massive ₹5.25 lakh crore investment program spanning fiscal years 2024-2031 under the PM Gati Shakti National Master Plan.…