The MoU has been signed under the Bharatmala Pariyojana across the country to centralize freight consolidation and reduce logistics costs from 14% to less than 10% of GDP.
Retail inflation softened to 6.71 per cent in July due to moderation in food prices but remained above the Reserve Bank's comfort level of 6 per cent for the seventh consecutive month.
To commemorate the victory of the Indian Armed forces and pay homage to the supreme sacrifice of the Gunners in 'Operation Vijay' during the Kargil War, Point 5140 at Drass in Kargil Sector was renamed as 'Gun Hill'
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