On May 22, Prime Minister Narendra Modi will launch 103 redeveloped Amrit Stations throughout 86 districts in 18 Indian states. The Amrit Bharat Station Scheme has invested over ₹1,100 crore in revamping stations to improve passenger experience and celebrate India's unique cultural history. PM Modi will oversee the inauguration from Bikaner, including a visit to the recently modernised Deshnoke Railway Station. During the event, he will also flag off the Bikaner-Mumbai Express and address a crowd in Palana. The Prime Minister will launch infrastructure projects in Rajasthan worth over �
The Indian government has set aside 180 tonnes of gold imports from the United Arab Emirates at a reduced tax under the CEPA for the fiscal year 2025-26. This concessional tariff plan allows eligible importers to bring in gold for a 5% import fee. The move sparked a boom of interest from traders, with the Directorate General of Foreign Trade receiving 2,960 applications—25 times the allotted limit and a 253% increase over the previous year. The extremely high volume of applications, however, resulted in significant rejections. According to the Indian Bullion and Jewellers Association, ov
Singapore's Changi Airport has officially begun construction on its Terminal 5 extension, with Prime Minister Lawrence Wong overseeing the groundbreaking on May 14, 2025. The new terminal has been in the works for years to accommodate rising passenger traffic in the Asia-Pacific area. After completion, both Singapore Airlines and Scoot will operate from Terminal 5. Terminal 5 is expected to handle roughly 50 million passengers per year, bringing Changi's total capacity to around 140 million, up from the current 90 million across four terminals. The project was delayed by two years due to t
Morocco has struck major agreements worth about $14 billion with a partnership of Emirati and Moroccan companies to improve its energy and water infrastructure. The transactions, inked on Monday, involve the state-owned National Office of Electricity and Drinking Water (ONEE), the Mohammed VI Public Investment Fund, Taqa Morocco—a subsidiary of UAE-based energy giant Taqa—and Nareva, which is part of Morocco's royal holding firm Al Mada. These projects aim to strengthen Morocco's energy independence and water security. A key component of the program is the construction of a 1,400-kilom
The United States and the United Arab Emirates are strengthening their long-standing energy alliance, with US energy corporations planning to invest $60 billion in UAE oil and gas projects over the project's duration. The announcement was made during the UAE-US business discussion in the presence of former US President Donald Trump. In a reciprocal gesture, UAE energy investments in the United States are expected to exceed $440 billion by 2035, matching Abu Dhabi's greater $1.4 trillion investment in the American energy sector. Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Tec
Tamil Nadu has achieved a significant economic milestone, becoming the second Indian state after Maharashtra to cross $400 billion in Gross State Domestic Product (GSDP). This feat highlights India's expanding economic momentum and the strength of its regional economies. With a GSDP of ₹31.55 lakh crore, Tamil Nadu's focus on industrialisation, innovation, and infrastructure has made it a vital driver of India's economic success. The state has developed into a manufacturing and automotive powerhouse, attracting both domestic and international investment. Its diverse economy, proactive go
Japanese investors significantly increased their overseas equities purchases in April, investing a net 3.27 trillion yen ($22.37 billion) in international stocks, the largest monthly total since at least 2005. This spike was fuelled by global market volatility, especially as a result of US tariffs, triggering a shift away from bonds and deliberate portfolio rebalancing. In contrast, 1.08 trillion yen were withdrawn from international bond markets. Institutional investors withdrew 1.99 trillion yen from long-term debt securities, while a smaller 906.3 billion yen went to short-term instrume
On Sunday, Defence Minister Rajnath Singh virtually inaugurated a cutting-edge BrahMos missile production facility at the Uttar Pradesh Defence Industrial Corridor in Lucknow. The ₹300 crore factory aims to produce 80-100 supersonic cruise missiles yearly. This development coincides with increased security concerns and strategic realignments in the region. The BrahMos missile, developed jointly by India's DRDO and Russia's NPO Mashinostroyeniya under BrahMos Aerospace, has a range of 290 to 400 kilometres and a top speed of Mach 2.8. The missile is designed for high precision, with a "fi
The Union Cabinet authorised a ₹60,000 crore project to upgrade more than 1,000 government-run Industrial Training Institutes (ITIS) across India. The effort aims to address the growing gap between industry requirements and workforce capabilities in rapidly growing areas. The national and state governments will jointly fund the project, alongside contributions from the private sector. The Centre will fund ₹30,000 crore, while state governments would pay ₹20,000 crore. Industry partners plan to contribute ₹10,000 crore. International financial institutions, including the World Bank
The United Arab Emirates has officially joined the expanding list of international supporters of the $25 billion Nigeria-Morocco gas pipeline, strengthening its involvement in major energy infrastructure projects throughout Africa. Leila Benali, Moroccan Minister of Energy, has revealed that the UAE is one of the major contributors to the enormous pipeline development. The Islamic Development Bank (IDB), OPEC Fund, and European Investment Bank (EIB) all support the ambitious initiative. The gas pipeline is intended to stretch across 15 African countries, with Morocco playing a key role in