Tamil Nadu

Drinking Water Infrastructure

• Ring Main Pipeline System (Closed Circular Loop Project):
  • Chief Minister C. Joseph Vijay laid the foundation stone for the project at Sholinganallur.
  • Executing Agency: Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB).
  • Funding Body: Implemented with financial assistance from the Asian Development Bank (ADB).
  • Objective & Scope: Connects all 9 water treatment facilities in Chennai.
  • Technical Specs: Lays interconnected pipelines, transmission pipelines, and pumping mains equipped with SCADA (Supervisory Control and Data Acquisition) systems for real-time monitoring of water pressure, flow, and quality.

National

Banking & Financial Sector Restructuring

• Strategic Restructuring of IDBI Bank:
  • FDI Landmark: The Cabinet Committee on Economic Affairs (CCEA) approved the sale of a 60.72% aggregate equity stake in IDBI Bank to Canada-headquartered Fairfax Financial Holdings, marking the largest Foreign Direct Investment (FDI) in India’s financial sector history.