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Budget 2022: ₹2,600 cr allocated for non-residential buildings in Central Vista this year

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Budget 2022: ₹2,600 cr allocated for non-residential buildings in Central Vista this year

More than Rs 2,600 crore has been allocated in the federal budget to the Ministry of Housing and Urban Affairs for the construction of non-residential office buildings under the Central Vista project, including Parliament and the Supreme Court.

The amount allocated this year is Rs 767.56 crore, which is more than Rs 1,833.43 crore in the previous fiscal. In addition, the ministry has secured Rs 873.02 crore for residential use.

Delhi’s Central Vista redevelopment project aims to transform the country’s power corridors and create new structures for the country’s most important buildings.

The Central Vista project envisages a new triangular parliament building, a common central secretariat, a refurbished 3km Rajpath boulevard extending from Rashtrapati Bhavan to the Gateway of India, a new prime minister’s residence and offices, and a new deputy Presidential enclave. Lutyens High Security Zone in Delhi.

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Notably, six construction firms including Tata Projects Limited, L&T Limited and Shapoorji Pallonji and Company Limited are racing to win the contract for the Executive Enclave on the south side of the South Block, which will house the new PMO, Cabinet Secretariat, House of India and National Security Council Secretariat.

The first three buildings of the Common Central Secretariat were built by Larsen & Tourbo last year. A Jharkhand-based infrastructure company, Kamladityya Construction Pvt Ltd, was awarded the contract to build the Vice-Presidential enclave.

Meanwhile, Tatas is building a new parliament building and Shapoorji Group has been awarded a contract for redevelopment work on Central Vista Avenue, which stretches from Rashtrapati Bhavan to India Gate.

Complete News Source : Hindustan Times

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Oppn seeks probe into Adani charges in US: ‘Obvious protection of PM Modi’

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Oppn seeks probe into Adani charges in US: ‘Obvious protection of PM Modi’

Following US SEC charges of bribery against Gautam Adani, opposition parties criticise PM Narendra Modi and call for a JPC investigation.

As billionaire Gautam Adani faces charges in the US for alleged bribery and fraud, the Opposition on Thursday intensified its attack on the Centre over its alleged links with the Adani Group.

Gautam Adani has been charged in the US with allegedly paying $250 million in bribes to Indian officials between 2020 and 2024 to secure favourable terms for solar energy contracts. The scheme, prosecutors said, could have earned Adani’s group over $25 billion in profits.

Congress demands JPC probe

Reacting to the charges, the Congress called for a Joint Parliamentary Committee (JPC) probe into alleged scams involving Adani’s conglomerate. The party also demanded the appointment of a “new and credible” Sebi chief to investigate Adani’s financial dealings and compliance with securities laws.

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Congress leader Jairam Ramesh said the US Securities and Exchange Commission’s (SEC) actions highlight the failure of Indian institutions to investigate the group. “The indictment vindicates Congress’s demand since January 2023 for a JPC into the Modani scams,” Ramesh wrote on X.

He accused Prime Minister Narendra Modi of shielding Adani and claimed Congress’s “Hum Adani Ke Hain Kaun” (HAHK) series had exposed the businessman’s alleged fraud and his ties with the PM.

The fact that it has taken a foreign jurisdiction to properly investigate Adani only shows how Indian institutions have been captured by the BJP, and how decades of institutional development have been undone by greedy and power hungry leaders, the Congress leader said in another post.

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“All of this is consistent with a long record of fraud and criminality carried out with impunity with the obvious protection of the Prime Minister,” Ramesh charged.

Other Oppn leaders join attack

Other opposition leaders joined the attack. Trinamool Congress MP Saket Gokhale questioned the BJP’s involvement in Adani’s dealings and demanded an independent judicial probe.

Aam Aadmi Party leader Sanjay Singh accused PM Modi of allowing Adani to tarnish India’s global reputation.

ALSO READ- Adani Group shares plunge after US SEC charges, Adani Green down 16%

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Adani stocks latest updates

The allegations rattled markets, with Adani Group stocks plunging. Adani Enterprises fell 20 per cent in pre-open trade, while shares of Adani Ports, Adani Green, Adani Power, and others dropped between 7 per cent and 18 per cent.

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