Commerce and Industry Minister Piyush Goyal that the players in the sector should start lowering prices and, if the worst comes to the worst, write off investment as bad business decisions.
A number of Union ministers including Defence Minister Rajnath Singh, Finance Minister Nirmala Sitharaman and Law Minister Ravi Shankar Prasad reached the residence of Union Minister for Minority Affairs Mukhtar Abbas Naqvi in New Delhi to celebrate Eid-ul-Fitr on Wednesday.
Union Minister for Road Transport and Highways Transport Kamal Nath on Tuesday claimed that the Congress would form the government in Arunachal Pradesh, Haryana and Maharashtra.
The PM's choice of ministers is interesting, to say the least, says Jyoti Punwani.
Stocks to watch: Container Corp, Snowman Logistics & Transport Corp
The move comes in the wake of India raising cap on foreign institutional investors investment by $5 billion in government and corporate bonds each.
Kurnool city, which has been completely submerged by the floods and backwaters of Srisailam reservoir, has been cut off from the outside world with the road and the rail links being severed by the floods.
The group, which held its first meeting in London on Monday will focus mainly on the construction of major highways and district-level roads. It will comprise major road building contractors from the UK and India.
Despite claims of an 'austerity drive' by the United Progressive Alliance government and the Congress party, some Union ministers appeared to prefer upmarket accommodation during their official visits to the United States.
The Pension Fund Regulatory and Development Authority will consider a proposal to manage the pension funds of companies at its board meeting on Wednesday, extending its role from being manager of individual pension plans.
Sitharaman, who was holding the Commerce portfolio (Independent charge), was on Sunday promoted to the Cabinet rank as was Goyal.
"We are building 20 km roads a day. But is this enough?"
FASTag is a prepaid tag, affixed on vehicle's windscreen, that enables automatic deduction of toll charges and lets the vehicle pass through the toll plaza without stopping for the cash transaction.
Aiming for a 9 per cent GDP growth by 2011, India attaches the 'highest priority' to build good road infrastructure across the country to achieve the target, Union Road Transport Minister Kamal Nath has said.
The Planning Commission on Monday lowered the target for construction of roads under the NHDP scheme to 2,500 km for the current fiscal from 3,165 km in the previous year, which was not met by the road ministry.
Proposals have been received for preparing the project report for the 600-km Delhi-Katra Expressway
Normal life was disrupted in non-Telangana regions of Andhra Pradesh, as the bandh called by the All-Party Joint Action Committee (JAC) in support of United Andhra Pradesh began on Monday.
Normal life in 10 districts of Telangana region, including Hyderabad, has come to a grinding halt as the bandh called by an all-party joint action committee was total.
The transport mnistry had in November 2006 proposed the four Expressways -- Vadodara-Mumbai, Bangalore-Chennai, New Delhi-Meerut and Kolkata-Dhanbad.
Kamal Nath is in New York attending several meetings, including McGraw-Hill Construction, which is one of the largest construction industry events.
The projects include six-laning of highway stretches in Rajasthan, Gujarat and Andhra Pradesh, four-laning of highway stretches in Gujarat, Maharashtra and Madhya Pradesh and two-laning with paved shoulders of stretches in Punjab and Rajasthan.
Six women were prevented from entering the Sabarimala temple Sunday by a large number of devotees.
'The government is saying that essential commodities are exempted, but on the ground there is no competent officer from the government who can say which is an essential commodity and which is not.'
A plan for projects to be awarded in the year 2010-11 is to be launched soon.
The government expects to collect Rs 1,495 crore (Rs 14.95 billion) as toll tax from highways during the current fiscal, the Rajya Sabha was informed on Wednesday.
The minister said there is a need to ramp up road construction 10-fold to achieve the development targets set for the next decade.
To centralise process by setting up special units in each state.
In an interview with Mihir Mishra and Jyoti Mukul, Nath, who as the commerce and industry minister in the previous United Progressive Alliance government was part of the fire-fighting to minimise impact of the slowdown, says that the current year will be better than the last year.
Buying a used vehicle is a lot more complicated. Not only do you have to worry about its condition, you also have to think about whether the price you are offering is anywhere close to its true value, reveals Sanjay Kumar Singh.
Over 2,500 global leaders in business and politics arrived in this Swiss resort on Wednesday to put their minds together on how best to support the fragile recovery following the worst economic crisis since the 1930s.
At least 20 persons were killed and seven injured when a bus fell into a gorge at Katarghat on Basantpur-Kingal highway, 65 km from Shimla, on Tuesday afternoon. The Himachal Road Transport Corporation bus carrying over 30 persons was on its way from Shimla to Sawerakhud when the accident took place, a senior police official said.
The ministry is also holding a road show aimed at projecting investment opportunities in the sector. The visit is significant as the ministry is scouting investment of $70 billion for road construction in the next 3-4 years, out of which about $45 billion is expected to come from the private sector, including $10 billion from foreign investors.
The retirement age for public sector bank employees is 60 years. The PFRDA chairman can serve till the age of 65. Sources said the proposal was being sent to the appointments committee of cabinet.
Road ministry mulls a fee of Rs 15 for such a cover.
The intention is to have a model with a single-clearing house.
'In the early years of this century, barely 10 years after liberalisation, drinking Coke was still cool,' notes Uttaran Das Gupta.
'Strange as it may seem, the more advanced the safety features in a car, the more critical is the role of the humble seat belt.'
The public transport system in the Telangana region of Andhra Pradesh bore the brunt on the second day of the 48-hours strike called by the Telangana Rashtra Samithi in support of a separate state.
Passengers waiting at the public bus stand on Tuesday in Kalpetta, Kerala were shocked and embarrassed as TV screens across the Kerala State Road Transport Corporation depot started playing porn.
Having now privatized infrastructure in India, we are looking at the second decade of the 21st century as the decade of infrastructure. Infrastructure is now the buzzword in India, says Kamal Nath, Minister for Road Transport.
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