Anji Khad Rail Bridge: India’s First Cable-Stayed Rail Bridge
Spanning the scenic Reasi district of Jammu and Kashmir, the Anji Khad Rail Bridge is India’s first cable-stayed rail bridge and a key part of the Udhampur-Srinagar-Baramulla Rail Link (USBRL) Project. With a length of 725.5 meters and a 331-meter-high pylon, it is supported by 48 cables, ensuring stability and strength. Equipped with advanced monitoring systems and seismic resilience features, the bridge aims to enhance connectivity, foster economic growth, and boost tourism in the Kashmir Valley. A successful tower wagon trial run marked a significant milestone towards its operational readiness.
India-U.S. Partnership for Sonobuoy Production
India and the U.S. announced a partnership to co-produce sonobuoys, enhancing the Indian Navy’s Undersea Domain Awareness (UDA). Ultra Maritime and Bharat Dynamics Limited (BDL) will produce these sonobuoys in both countries, adhering to U.S. Navy standards while supporting India’s “Make in India” initiative. The sonobuoys are designed for the unique acoustic environment of the Indian Ocean and will integrate seamlessly with U.S. and Indian naval aircraft. This collaboration strengthens anti-submarine warfare capabilities and maritime security in the Indian Ocean Region.
Key Appointments in Ministry of Finance
The Appointments Committee of the Cabinet (ACC) approved significant leadership changes in the Ministry of Finance. Tuhin Kanta Pandey has been appointed as the new Revenue Secretary, bringing his expertise to oversee India’s revenue policies. Arunish Chawla has been named the Secretary of the Department of Investment and Public Asset Management (DIPAM), tasked with managing public assets and investments. These strategic appointments come at a pivotal time as the ministry prepares for the upcoming Union Budget 2025, highlighting the government’s focus on robust economic management and reform.
Goa Launches ‘Bima Sakhi Yojana’ to Empower Women
Goa Chief Minister Dr. Pramod Sawant introduced the ‘Bima Sakhi Yojana’ as part of the Swayampurna Goa 2.0 initiative. This innovative program aims to empower women by training them as insurance agents. It provides financial support and promotes insurance literacy among women. Aligned with Prime Minister Narendra Modi’s vision, the scheme seeks to ensure “insurance for all” and create self-employment opportunities for women, contributing to the goal of Viksit Bharat 2047.
Explosive Growth in Indian Microfinance Sector: 2,100% Increase in 12 Years
India’s microfinance sector has seen astonishing growth over the past 12 years, expanding from ₹17,264 crore in March 2012 to a staggering ₹3.93 lakh crore by November 2024. This 2,100% surge underscores the sector’s vital role in promoting financial inclusion and supporting rural economies. Despite facing challenges like funding constraints and maintaining portfolio quality, the sector has significantly contributed to the GDP and job creation. This growth reflects the increasing demand for microfinance services and their impact on the lives of millions across the country.
Uttar Pradesh Eases Financial Burden for ‘Har Ghar Nal’ Scheme
The Uttar Pradesh government waived the 10% community contribution under the ‘Har Ghar Nal’ scheme, part of the Jal Jeevan Mission. This decision allows the state to cover these costs, benefiting approximately 2.33 crore families. Villagers will now only need to pay a nominal maintenance fee of ₹50. This initiative aims to provide clean drinking water to rural populations without financial burden, highlighting the government’s commitment to improving public welfare and ensuring access to essential resources.
Launch of India’s First Green Hydrogen Hub in Andhra Pradesh
Prime Minister Narendra Modi inaugurated India’s first Green Hydrogen Hub (GHH) in Pudimadaka, Anakapalli district, Andhra Pradesh, under the National Green Hydrogen Mission. This state-of-the-art facility aims to produce 1,500 tonnes of green hydrogen daily and 7,500 tonnes of derivatives like green methanol and sustainable aviation fuel. Developed by NTPC Green Energy Limited and Andhra Pradesh New & Renewable Energy Development Corporation, the ₹1.85 lakh crore project is expected to generate 57,000 jobs and significantly enhance India’s renewable energy capacity.