Economy

Space economy to grow fivefold to $44 billion in a decade, says Union Minister Jitendra Singh

India's space economy will grow to $44 billion in the next decade. Private investments have already crossed ₹1,000 crore. Missions like Gaganyaan highlight India's self-reliance and border security. Digital framework modernization and updating the IT Act are crucial. Strong border infrastructure and engagement with authorities are also vital for growth opportunities in Arunachal Pradesh.

Centre examining big-ticket projects over cost overrun

The Vice-President Enclave project in New Delhi faced a 51% cost overrun and was delayed by two years. Similar overruns and delays were seen in the Jodhpur Officers Hostel and other projects. In response, the government is investigating why tendered costs are much lower than final costs and resultant quality issues.