Business
M3M Foundation focuses on worker upliftment
Dr. Payal Kanodia is a Trustee in M3M Foundation, a philanthropic arm of M3M India — one of the leading real-estate companies in India.
The prime focus of the M3M Foundation has been on health, education, disaster management and socio-economic development to transform rural lifestyle. As one of the promoters in M3M India, Payal also supports business.
A doctor by qualification, Payal has been conferred the Grand Doctor of Philosophy in International Relations & Diplomacy from International University of Fundamental Studies, St. Petersburg Russia and is a Diplomatic member of CDI. She has pursued her entrepreneurship from HBS, Boston.
Speaking to IANS, Payal said, “At M3M Foundation, we believe in sustainable change and making the beneficiaries responsible. There is so much to be done in India and I believe that while we retain our focus on what we would like to emphasize through our Foundation, we should also be supporting State and Central Government in their mission to make a better India.”
Payal has been a keen observer throughout. While visiting construction sites of M3M India, she observed that many workers and labourers have left their small children at home — most of them unattended, and these children certainly needed proper attention and care.
Payal says, “I observed that the children of workers & labourers were generally left at home and when I interacted with our workforce, I realised that they were quite worried about the well-being of their children, their education and future. As a responsible Company, we had to do something for their children. And with this thought, M3M Foundation launched project — iMpower, an Initiative for Maximising Potential of Workforce through Ensuring Resources. Through our collaboration with national and international organisations and foundations, we are now able to provide education & good health to these children, and also ensuring skill enhancement for the women workforce. Very soon we shall be setting-up skill development centres for these women. The whole effort is to build a life of dignity for them.”
Recently, M3M Foundation’s project “iMpower” has been recognized as the “Most Innovative Community Engagement Project 2021” during the India CSR Leadership Awards held in Bengaluru.
Payal also passionately described the contribution of M3M Foundation during the pandemic times. “I always believe that most of the companies do have a strong focus on philanthropy and they execute programs through their Foundations. I also understand that since we all work for the betterment of the society and the nation, such Foundations should also be seen as an extension of philanthropic arm of the Government. We are too partners in prosperity. With this focus, during the Covid pandemic lockdown, we aligned with the Government of Haryana and brought together corporate entities, real estate groups, business entities, NGOs, religious bodies and individuals, and were able to support more than 2 lakh needy people for food, health and hygiene. We named this initiative as — ‘Kartavaya’, and indeed it was an immense responsibility shared by all of us,” she said.
In order to promote employability-based training and to fight unemployment, M3M Foundation has signed an MoU with Government of Haryana to help about 50,000 meritorious students and align them towards online preparations for Government jobs. The Foundation has named this initiative as “SAKSHAM UDAAN”.
Payal gives most of her time to the Foundation’s activities. Her passion and involvement has certainly strengthened the vision of M3M Foundation.
Business
Customs duty on gold, silver, platinum tops Rs 10,460 crore since duty hike

New Delhi : The government has collected Rs 10,463 crore in customs duty from imports of gold, silver and platinum between May 13 and August 2 following the increase in import duties on the precious metals, Parliament was informed on Monday.
In a written reply to a question in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said customs duty collections during the period stood at Rs 10,040 crore on gold, Rs 328 crore on silver and Rs 95 crore on platinum.
The combined customs duty collection from the three precious metals thus amounted to Rs 10,463 crore during the period.
With effect from May 13, the government had increased the import duty on gold and silver to 15 per cent from 6 per cent, while the duty on platinum was raised to 15.4 per cent from 6.4 per cent.
Moreover, consequential changes were also made to duties on related items, including gold and silver dore, coins and findings.
Chaudhary said the government had taken the decision to curb discretionary imports and prioritise foreign exchange for essential imports such as crude oil, fertilisers, industrial raw materials and capital goods.
The duty hike came against the backdrop of rising global uncertainties, including the conflict in West Asia and the effective blockade of the Strait of Hormuz, which had pushed up prices of crude oil as well as food and fertiliser imports.
The minister also informed the House that enforcement agencies seized 161 kg of smuggled gold and arrested 116 persons between May 13 and June 30.
India is the world’s second-largest consumer of gold after China with imports largely driven by demand from the jewellery sector.
Gold imports account for a significant outflow of foreign exchange and are closely monitored by policymakers from a balance-of-payments perspective.
Business
TRAI mandates 1601-series numbers for service calls from utilities, logistics firms

New Delhi : The Telecom Regulatory Authority of India (TRAI) on Monday directed telecom operators to begin onboarding entities from select non-financial sectors onto the new 1601-series numbering framework for transactional and service voice calls extending a system already in use by the banking, financial services and insurance (BFSI) sector.
After this decision, consumers can identify genuine service and transactional calls and curb impersonation and fraud carried out through regular 10-digit mobile numbers.
In addition, TRAI said it has issued directions on the use of the 1601-series numbers for entities in sectors other than BFSI and government organisations which currently use the 1600-series numbering framework.
The authority also noted that the widespread adoption of 1600-series numbers by BFSI entities has provided valuable operational experience for expanding the trusted numbering framework to other sectors.
Under the first phase of implementation, the 1601-series will be allotted to entities in the utilities sector, including electricity distribution companies, water utilities, city gas distribution companies, LPG distributors and other utility service providers.
The logistics and courier sector has also been included in Phase-I, covering courier companies, express logistics firms, parcel delivery service providers as well as freight and logistics operators involved in consignments delivery.
TRAI said the Department of Telecommunications (DoT) has allocated the 1601-series for such calls and telecom service providers (TSPs) have been directed to complete migration and onboarding of eligible entities covered under Phase-I within 90 days from the date of the order.
The regulator further noted that 1601-series numbers would be allocated directly to eligible entities rather than intermediaries or aggregators following verification by telecom operators.
“The distinct numbering identity will enable the consumers to easily identify legitimate service and transactional calls, thereby strengthening trust in such voice-based communications,” the regulator said.
Additionally, TRAI clarified that the 1601-series numbers cannot be used for promotional voice calls by any entity.
Business
Centre’s expenditure on 1,847 big infra projects touches Rs 21.97 lakh crore

New Delhi: The expenditure on India’s 1,847 major infrastructure projects, currently being implemented by the Centre, has reached Rs 21.97 lakh crore (as of June 2026), which represents over 54 per cent of the total investment of Rs 40.54 lakh crore earmarked for these mega projects, reflecting steady progress in the pace of work, according to a factsheet issued by the government on Monday.
Many projects have reached advanced stages of completion, with around 709 projects exceeding 80 per cent physical progress, while another 337 projects have passed 80 per cent of financial completion, the factsheet states.
The transport and logistics sector leads with the 1,341 projects worth Rs 22.32 lakh crore, reflecting the focus on connectivity.
These projects are playing a crucial role in pushing up the country’s economic growth rate and creating more jobs.
Efficient monitoring of infrastructure projects is being carried out through PAIMANA (Project Assessment, Infrastructure Monitoring and Analytics for Nation-Building) digital platform. Developed by the Ministry of Statistics and Programme Implementation (MoSPI), PAIMANA is used for monitoring ongoing Central Sector infrastructure projects costing Rs 150 crore or more.
In addition to strengthening project monitoring, PAIMANA has expanded its role to support infrastructure performance monitoring through a dedicated Performance Monitoring Dashboard which was launched on April 16, 2026.
The Performance Monitoring Dashboard brings together performance indicators across key infrastructure sectors in a unified digital platform. The indicators are compiled from official data provided by the concerned Ministries and Departments and are updated periodically based on the latest available information.
A detailed indicator framework spans six infrastructure sub-sectors. These are Power, Civil Aviation, Telecommunications, Railways, Roads, and Ports, Shipping and Waterways.
The Performance Monitoring Dashboard has now been expanded to 165 indicators. This expansion includes the addition of 54 new indicators, significantly enhancing the comprehensiveness of infrastructure performance monitoring.
A single digital interface allows monitoring of performance sector by sector. It offers interactive visualisation and time-series analysis for policymakers, researchers and stakeholders.
A centralised dashboard delivers one cross-sector view of infrastructure sectors. This capability deepens inter-sectoral analysis.
The current framework gauges sectoral performance through growth rates. It reviews year-on-year, month-on-month and cumulative growth, targets and capacity utilisation in chosen sectors, the official statement added.
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