Economic Development

Saudi Arabia’s sovereign wealth fund will step up efforts to boost returns and build portfolio companies into global champions as the kingdom contends with the economic costs of the Iran war.

The Cabinet on Tuesday approved the proposal to declare Madurai airport as an international airport, Union minister Ashwini Vaishnaw said today.

The Supreme Court criticised the freebies culture, warning states against indiscriminate handouts and urging them to focus on employment and development instead of universal subsidies.

Republic Day is celebrated across India on 26 January every year to commemorate the adoption of the Constitution. The day is marked by flag unfurling by the President and other dignitaries of states and UTs, along with parades and cultural programmes across the country.

Amazon Inc. partners with government institutions to uplift traditional artisans and women-led startups, aiming to enhance market access and sustainability. This collaboration promises significant job creation, reinforcing Amazon's commitment to India's economic development, the company said.

Cabinet said that the approved multi-tracking project will enhance connectivity to approximately 3,633 villages, which have a population of over 85.84 lakh, and to two aspirational districts — Vidisha and Rajnandgaon.

Delhi CM Rekha Gupta advocates renaming the Old Delhi Railway Station to honour Maharaja Agrasen, a symbol of social justice and economic foresight. She said this move would recognise his enduring contributions to Delhi's socio-economic landscape.

Fairfax has appointed Amitabh Kant as a senior adviser, looking to tap the former G20 Sherpa's expertise in economic development and other government initiatives.