Private Equity (PE) in India is still in its nascent stage, accounting for roughly 1 per cent of GDP. This is in contrast to almost 3 per cent in the US. However, PE funding has come a long way in the recent past, accounting for 3 to 5 per cent of the total capital raised by Indian companies, says MAHESH SINGHI.

Less than 20 per cent of the wastewater discharged by households, and 60 per cent of industrial wastewater, is treated in India. This situation has to change, say SHISHAM PRIYADARSHINI and AMISH SHROFF.

Allcargo Logistics’ CSR arm has signed a Memorandum of Understanding (MoU) with Maharashtra State Skill Development Society (MSSDS) to train over 7,400 youth in Maharashtra. This initiative will help Allcargo to enhance its scope of work under its skilling initiative ‘Nipun’ and would substantially contribute to the Government of Maharashtra’s Skilling Maharashtra Mission.

Sudanshu Pathak, Vice President, Steel Manufacturing, Tata Steel, who ceremonially flagged off the rake from Tata Steel Jamshedpur, lauded this long-awaited initiative of Indian Railways, Tata Steel and TMILL resulting in an efficient and sustainable outbound logistics solution for Tata Steel’s finished products.

ICT connectivity is a key factor for a diverse country like India for creating an inclusive society and fostering holistic development,” said Mr Manoj Sinha, Minister of State for Communications and Railways, Government of India, at a Conference

The Centre has stated that the Prime Ministers of Australia and India have made skill development a priority area of engagement in multiple sub-domains such as skill delivery, quality assessments and creation of transnational standards to ensure international mobility of India’s workforce.

Taking forward its commitment to the cause of improving the lives of construction workers, PNB Housing Finance has signed an MoU with CREDAI (Confederation of Real Estate Developers’ Association of India) to train 8,000 construction workers, pan India.

India topped the global charts in domestic air passenger growth for the 23rd straight month in February, helped by strong demand and increased load factor, IATA has said. In February, the country’s growth in revenue passenger kilometres (RPK) stood at 17 per cent.

To make broadband a core utility to citizens, the Telecom Regulatory Authority of India (TRAI) has recommended to the Government of India to implement BharatNet in the PPP mode to connect 250,000 gram panchayats across the country.