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Jharkhand State Road Project-1 by Rodic Consultants

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4 years ago

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Jharkhand State Road Project-1 by Rodic Consultants

Rodic Consultants has become a leader in the field of infrastructure consulting, with the most advanced engineering solutions, and a good record of timely completion of projects in the fields of roads, bridges, tunnels, railways, subways, hydropower, electricity, and electricity. Energy, urban and industrial development, water, environment, multimodal transportation, etc. Rodic was selected as the construction supervisor for the Jharkhand National Highway No. 1 project and helped complete the project within the timetable and allocated budget. Jharkhand is located along the main transportation corridor connecting New Delhi and Kolkata. However, inconvenient transportation limits the development of the state.

Jharkhand needs to significantly improve its road network to reduce intra-state differences and accelerate its economic growth. Output 1: National highway repaired and improved The project aims to repair and upgrade the 311 km national highway between Govindpur and Shahebganj to reach the 7m wide dual-lane standard. The improved road is the backbone of the northeastern part of the state, which is one of the most backward areas in the country.

This road connects to National Highway 2 and the larger network of national highways. Output 2: Improved project management system To ensure the smooth operation of the project, in accordance with the development goals of the government and ADB, a Project Performance Management System (PPMS) was developed and implemented to monitor and evaluate project performance related to impact, results, and output.

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The following key performance indicators were monitored and evaluated: Project financial and physical progress Traffic Analysis Testing and inspection Web-based project monitoring system Road safety and value engineering social influence Environmental protection PPMS was developed by supervisory consultants; it includes computerized financial management, management information and quality assurance systems.

PPMS is used to monitor all aspects of the project during the construction and defect liability period. It generates progress reports and safeguards reports. The implementing agency is still using PPMS to monitor other projects. Project cost and financing After completion, the actual cost of civil engineering, which is the main component of the project cost, was US$15495 million, which was 9.72% lower than the estimated US$17163 million. ADB’s US$30.05 million contingency reserve was not used.

News Source : NBM&CW

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Construction Infrastructure

Equipped to thwart cyber attacks: Banks, insurance firms to Sitharaman

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3 days ago

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May 10, 2025

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Equipped to thwart cyber attacks: Banks, insurance firms to Sitharaman

Sitharaman gave banks instructions to keep offering smooth services to customers, even in isolated locations, in cooperation with authorities and security firms as needed. Finance Minister Nirmala Sitharaman received assurances from Indian banks and insurance companies on Friday that they are prepared to stop any cyberattacks by Pakistani outfitted DDoS.

Distributed denial-of-service) systems. “Mock drills covering cybersecurity and disaster recovery scenarios at the highest levels have been held to ensure institutional readiness,” they informed her at a Friday meeting. According to the financial institutions (FIs), they are alert and actively monitoring phishing efforts. In order to guarantee prompt claim payouts.

Continuous customer service, Sitharaman instructed banks to keep offering smooth services to consumers, especially in distant places, in cooperation with regulators and security agencies New Delhi, May 10, 2025 — In a reassuring development for the financial sector, Finance Minister Nirmala Sitharaman on Friday said that banks and insurance companies in India fully.

Speaking at a cybersecurity summit organized by the Ministry of Finance in collaboration with the Reserve Bank of India (RBI) and IRDAI, Sitharaman stated that both public and private sector financial institutions have significantly ramped up their cyber preparedness equipped to counter cyber threats and have strengthened their digital security infrastructure safeguard.

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Rising Digital Transactions, Rising Risk

The Finance Minister’s remarks come in the wake of a growing number of cyber threats targeting the banking and insurance sectors, especially as India witnesses a steep rise in digital transactions. According to official data, digital payments in India grew over 76% year-on-year in FY 2024-25, driven by UPI, mobile banking, and digital policy purchases.

With this surge, the risks associated with data breaches, phishing, ransomware, and unauthorized access have also grown exponentially. Sitharaman emphasized the need for constant vigilance and investment in advanced cybersecurity technologies “Representatives from leading banks and insurance companies have assured the ministry that robust systems.

Institutional Safeguards in Place

The Finance Minister highlighted that both the RBI and IRDAI have issued detailed guidelines on cybersecurity protocols. Regular audits, simulation drills, and incident response mechanisms are now mandatory across institutions “Financial institutions cannot afford to be complacent. Cyber threats are evolving, and our preparedness must stay ahead of that curve.

“Banks are operating with 24×7 Security Operations Centers (SOCs), and insurance companies are also mandated to deploy advanced firewalls and data protection policies,” she noted ” she said real-time monitoring, and preventive frameworks are in place to detect, resist, and respond to cyber attacks,” Sitharaman said customers and operations Sitharaman also.

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Consumer Awareness Key

The minister also urged banks and insurers to invest in customer education. “A large number of cyber frauds happen due to lack of awareness. Institutions must proactively inform and empower users to identify and avoid suspicious links, calls, or messages,” she added mentioned that the government is working closely with the Indian Computer Emergency Response Team (CERT-In) to ensure real-time threat intelligence sharing and coordinated.

As digital finance continues to evolve, Sitharaman reaffirmed the government’s commitment to creating a secure and resilient financial ecosystem for all stakeholders response strategies Finance Minister Nirmala Sitharaman said banks and insurance companies have assured the government of their readiness to counter cyber threats. At a recent cybersecurity summit.

Financial institutions confirmed the implementation of advanced security systems, 24×7 monitoring, and compliance with RBI and IRDAI guidelines. Sitharaman emphasized the need for ongoing vigilance, customer And collaboration with CERT-In to ensure a secure digital financial ecosystem amid rising cyber risks of advanced securit Sitharaman emphasized the need for constant vigilance and investment in advanced.

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