IHMCL implemented the FASTag electronic tolling of national highways, but due to technical glitches, road ministry is mulling the option of offering this job to a Korean company
Geo-fencing to map vehicle route; pilot run expected on Delhi-Mumbai highway
It is developing ash parks at Varanasi, Raipur, Pune and Cuttack, to make it available to ash-based product manufacturing units at these centres. It recently signed an agreement with NHAI for supply of ash for use in road construction.
Toll collection at some 65 road projects have already stopped.
Plans to offer up to 10% of project cost as bonus to highway contractors, compared to 5% at present
The government is drawing up a relief package for industry with steps such as relaxation of asset-classification norms by banks, thus allowing companies to delay the repayment of loans, and tax holidays for the worst-hit sectors like aviation and hospitality. But it might not be enough to stop more bankruptcies from getting filed.
China Construction forms consortium with Gurugram-based realty developer Tulip Infratech for road projects in India
Few big ticket road projects will be fast-tracked soon.
The delegates from both sides will discusses issues, including connectivity at the Zero Point and the number of pilgrims to be allowed.
According to data shared with the Lok Sabha, 19 road projects awarded after May 2014 were facing delays
Let it gradually pull itself out of international routes and focus on linking remote towns and cities.
In the meeting, which was held in makeshift tents at the Zero point, both the sides discussed timing of completion of bridge, alignment of roads and other engineering aspects of the proposed crossing points.
The IL&FS management is also talking to its second-largest shareholder, Orix Corporation of Japan, to infuse more funds into the company - in case any shareholder backs out during the rights issue.
'They want (the ownership and management of PSU banks) to pass into the hands of a private sector entity.' 'Ownership of these banks will go from the public sector to private sector.'
The RBI governor's assurance should give investors enough confidence to start believing in the NBFC sector again, say bankers.
To deal with the chaos at toll plazas arising out of the government's junking Rs 500 and Rs 1,000 notes, the government has suspended fee collection on all booths at National Highways till the midnight of November 11.
'The telecom companies are our lifeline now, despite having nearly collapsed under debt because of ill-advised policies.' 'Perhaps our obvious dependence on telecom services will spark well-conceived policies for this sector,' says Shyam Ponappa.
The infrastructure sector received a huge facelift in the last nine years with improvement in road and railway networks, power generation and teledensity, among others, says the UPA government's report card.
Parks would cut transport cost by 10% for industries, allow freight movement on larger trucks and rail.
Mukesh Ambani said he had never seen any city decked up so strikingly as Lucknow
The Delhi government said that it is not ready "to compromise with the safety of women".
While the most obvious beneficiary of this roll-out will be manufacturers of FASTags, or the Radio Frequency Identification chips, a PwC report says implementation of a pan-India electronic toll collection system on national highways may help save approximately Rs 87,000 crore annually.
A total of 16 secretaries have been appointed to various central government departments.
On the BSE, 1,650 shares declined and 1,188 shares rose
On Wednesday, the court approved revision in toll rates at the gate in Manesar. Subsequently, the road ministry gave a nod to an 80 per cent rise in toll rates.
Over 93% of the orders in the year came from the central and state governments, PSUs, and NHAI.
The estimated cost of the metrino is Rs 50 crore per km and each pod can accommodate three to four persons, Megha Manchanda/Business Standard reports from New Delhi.
Most of these road contracts are spread across Andhra Pradesh, Haryana, Karnataka, Odisha, Rajasthan, Tamil Nadu, Uttarakhand and West Bengal, with the government struggling to restart them.
Coal Secretary Anil Swarup has been appointed as school education secretary.
Modi government's story of five years with regard to equity allocation for PSUs shows that it may have allowed a large part of its resources to be wasted. This is also a worrying reflection of the government's inability to take hard decisions - whether they pertain to privatisation or forcing weak public-sector banks to wind down their operations, says A K Bhattacharya.
Once the scheme is implemented 70-80 per cent of the freight would move along national highways as against the current 40 per cent, says Highways Minister Nitin Gadkari.
On the Delhi-Mumbai highway, Rs 1,200 crore (Rs 12 billion) worth of fuel will be saved annually after the installation of ETC, the minister said.
Unless companies press the pedal on implementation, further stock price gains might be limited, says Hamsini Karthik.
JM Financial Consultants, Arpwood Capital and Alvarez & Marsal will advise the board going forward
Demonetisation is the biggest reason for the rise in preference for small savings.
An ex gratia of Rs 2 lakh will be given per person to the next of kin of those killed in the floods.
NHAI to pull plug on Rs 3,000-crore ventures for poor show
India has world's second largest road network with its National Highways covering a distance of 92,851.07 kms.
MMOPL has already taken a decision to extend the fare slab of Rs 10 to Rs 40.
An analyst says, due to excess capacity, investment in manufacturing will not be forthcoming
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