Global Economy Headed for Worst Recession Since World War II; India to Contract 3.2%
Bihar hosted an investor summit in the national capital, after a gap of over 15 years. Industry representatives from 170 companies including ITC Limited, Hindustan Unilever, Adani Group, Britannia, Coca Cola, Pepsi and Ambuja Cement attended the summit and showed keen interest to invest in the state.
Four expressways will crisscross Bihar under the Bharatmala Project (Phase-2). The state also plans to construct ring roads around four major cities including Darbhanga, Bhagalpur and Muzaffarpur and build eight bypass roads to ease traffic loads.
The central government has released Rs 1,112.7 crore as grant-in-aid to Bihar for providing grants to the rural local bodies. This grant-in-aid is the second installment of tied grants to the State of Bihar, according to data released by the Union Finance Ministry.
Adult Education programme which has been running in the country for years will now be called ‘Education for All’. Union Ministry of Education has taken this decision saying it is a “progressive step.”
Seven years on, the proposed central university near the ancient seat of learning in Vikramshila (Bhagalpur), announced as part of the Rs 1,25,000-crore special package for Bihar by Prime Minister Narendra Modi ahead of the 2015 assembly elections, awaits land acquisition to get closer to reality.