South India State News

Tamil Nadu Seeks Central Funds for Jal Jeevan Mission Implementation

By BPN News Desk December 4, 2024

Tamil Nadu Minister for Municipal Administration and Water Supply K.N. Nehru, accompanied by a delegation of MPs and senior officials, met Union Finance Minister Nirmala Sitharaman in New Delhi on Monday. The delegation requested the release of funds due to the State for implementing the Jal Jeevan Mission, a flagship initiative aimed at ensuring rural […]

Finance

No Plans for Public Sector Bank Mergers, Finance Ministry Confirms

By BPN News Desk December 4, 2024

The Finance Ministry has clarified that no proposals are currently under consideration for merging public sector banks (PSBs). This statement was made in the Rajya Sabha on Tuesday, with the Ministry also acknowledging the positive impact of previous consolidations in the sector. Mergers Yield Positive Results In recent years, India has seen significant consolidation in

South India State News

Tremors Shake Telangana as Rare 5.3 Quake Hits Mulugu

By BPN News Desk December 4, 2024

On the morning of December 4, 2024, Telangana experienced a rare seismic event when a 5.3-magnitude earthquake struck the Mulugu district at 7:27 am. The National Center for Seismology (NCS) confirmed the epicenter at latitude 18.44°N and longitude 80.24°E, with the quake originating 40 kilometers below the surface. Tremors extended to Hyderabad and even parts […]

Business

Amazon Data Services Acquires 38 Acres Near Mumbai for ₹450 Crore

By BPN News Desk December 4, 2024

In a strategic development to reinforce its data infrastructure in India, Amazon Data Services Pvt Ltd has finalized the acquisition of a 38-acre land parcel in Ambernath, near Mumbai. The deal, valued at ₹450 crore, signals Amazon’s focused expansion into the data center ecosystem in one of the country’s fastest-growing digital hubs. Strategic Location to […]

Finance

Lok Sabha Approves Banking Laws Amendment Bill

By BPN News Desk December 4, 2024

The Lok Sabha has approved the Banking Laws Amendment Bill, aimed at improving financial security and streamlining nominee management in banking operations. This significant move allows account holders to designate up to four nominees for a single bank account, providing flexibility and enhanced safety for depositors and their families. Key Provisions of the Amendment The

Defence National

Centre Approves ₹1 Lakh Crore Defence Acquisition for Armed Forces

By BPN News Desk December 4, 2024

In a significant move to strengthen India’s defence preparedness, the Union Cabinet has approved five major acquisition proposals worth ₹1 lakh crore for the Indian Army, Air Force, Navy, and Coast Guard. These procurements aim to enhance the operational capabilities of the armed forces amid evolving security challenges. According to defence sources, the approval

Economy National

Speculation Grows Over RBI Governor’s Tenure After GDP Data

By BPN News Desk December 4, 2024

Speculation over Reserve Bank of India (RBI) Governor Shaktikanta Das’s future has intensified following India’s GDP growth figures for the second quarter of FY25, which slightly missed expectations. Amid mounting macroeconomic challenges, discussions about whether Das will continue his tenure beyond 2025 have sparked debate in economic and financial circles. The GDP

International

India Contributes $2 Billion to BRICS Bank, Eyes Strategic Development

By BPN News Desk December 4, 2024

India has made a significant contribution of $2 billion to the BRICS New Development Bank (NDB) as part of its ongoing commitment to enhancing global economic and infrastructure development. The announcement, made by the Finance Ministry, underscores India’s pivotal role in supporting projects that aim to drive sustainable growth across BRICS nations. The NDB,

National

India Accelerates Thermal Power Expansion With 29,200 MW Under Construction

By BPN News Desk December 4, 2024

India is witnessing a robust expansion in its energy sector with approximately 29,200 MW of thermal power projects currently under construction, as stated by Minister of State for Power, Shripad Naik, during a recent Parliamentary session. These projects are part of India’s ongoing efforts to meet its growing electricity demand and bolster energy capacity. Key […]

Defence National

India Faces $2.3 Billion Hike for Domestically Produced Fighter Jets in MRFA Program

By BPN News Desk December 4, 2024

India’s ambitious Medium Multi-Role Fighter Aircraft (MRFA) program, aimed at strengthening the Indian Air Force (IAF), could cost an additional $2.3 billion if the government opts for domestically produced fighter jets. This potential cost hike is tied to India’s push for self-reliance in defense manufacturing under the “Atmanirbhar Bharat” initiative.