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March 05, 2024

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  • Inaugurating Projects in Telangana

  • Ministry of Coal’s Decision

  • Prime Minister Modi at CHi! Curious? Dive In.

PM Modi Inaugurates Development Projects Worth Rs. 6,800 Crore in Telangana

Prime Minister Narendra Modi to inaugurate development projects worth Rs. 6,800 crore in Telangana, including the CARO Centre, MMTS Phase II, Indian Oil Paradip-Hyderabad Product Pipeline, and several national highway projects.

Why it's important: These projects aim to enhance research, transportation, and infrastructure connectivity in the region, fostering economic growth and improving the lives of citizens.

Coal Ministry Denies Barring West Bengal from Auctions, Cites Disqualification of Prior Allottee

The Coal Ministry has denied allegations that it barred West Bengal from coal auctions to benefit a corporate entity. The Ministry clarified that it disqualified West Bengal Power Development Corporation Limited (WBPDCL) due to its status as a prior allottee under the Coal Mines (Special Provision) Act, which prohibits prior allottees who have not paid additional levy from participating in auctions.

Why it's important: This clarification is significant as it addresses concerns raised by a section of the media about potential biases in the coal auction process.

Prime Minister Modi Addresses Public Meeting in Chennai, Focuses on Development and Energy

Prime Minister Narendra Modi highlighted government initiatives aimed at economic growth and energy independence. He criticized the ruling DMK government for mismanagement and dynasty politics.

Why it's important: The speech outlines the government's plans for infrastructure development, energy security, and poverty alleviation, while addressing political issues in Tamil Nadu.

Global Chronicles 🌐 

  • The US Supreme Court unanimously reinstated Donald Trump on Colorado's ballot, overturning a lower court ruling based on the January 6th Capitol attack.

  • Shehbaz Sharif sworn in as Pakistan's 24th Prime Minister, marking his second term since 2022.

Market Movers 🤑 

  • India's GDP surged 8.7% in 2021-22, surpassing pre-pandemic levels and signaling a strong economic rebound driven by government stimulus, service sector recovery, and agricultural resilience.

  • Benchmark equity indices, Sensex and Nifty, scaled new highs on Friday, driven by energy and banking stocks.

Sports Spectacle 🏅 
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