According to experts, slopes in Himachal have become highly vulnerable to landslides due to cutting of rocks at the foothills and the lack of proper drainage system, and high intensity rainfall is making the things worse for the state.
The World Bank assistance will be utilised for converting 6,372 km of one-lane highways to two-lane, out of the total of 19,702 km of single lane highways in the country.
Terming investment in infrastructure "quintessential" to boost growth, the Economic Survey on Friday said post unlocking of the economy, infra sectors are poised for growth and construction of roads is expected to return to the high pace attained before COVID-19. The infrastructure sector will be the key to overall economic growth and macroeconomic stability, the Survey said emphasising that the year after the crisis (2021-22) will require sustained and calibrated measures to facilitate the process of economic recovery and enable the economy to get back on its long-term growth trajectory. "Basic infrastructure facilities in the country provide the foundation of growth. In the absence of adequate infrastructure, the economy operates at a suboptimal level and remains distant from its potential and frontier growth trajectory.
At the first meeting of Governing Council of NITI Aayog on Sunday, Prime Minister Narendra Modi will seek views of Chief Ministers.
'Some buyers believe prices may correct in the future.' 'This is unlikely. Many developers are increasing prices amid strong sales and inflationary trends.'
The Centre has received Rs 6,651 crore as interim dividend from 12 public sector undertakings (PSUs) on Monday, edging towards its Rs 50,028 crore dividend target for the ongoing fiscal. Power Grid Corporation of India (PGCIL) has transferred Rs 2,506 crore as a dividend tranche to the government, while NMDC and Nuclear Power Corporation of India transferred interim dividend of Rs 1,605 crore and Rs 972 crore, respectively. The government has received dividend tranches of Rs 913 crore from GAIL, Rs 351 crore from Hindustan Aeronautics, Rs 149 crore from Bharat Electronics, among others, Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey tweeted.
Currently, roads are only entrusted with the authority which licences them to private developers who cannot provide such roads as security to avail loans from banks and other other institutions. Once the roads are vested with the NHAI, the authority can lease them to the developer who can securitise the property to raise money.
About railways sector, the Survey said that it is facing stiff competition from other modes of transportation and the government is initiating various transformative measures to keep railways on track.
A six-inch pipe has been laid at the Silkyara tunnel through which nutritious food and medicines could be supplied to the 41 labourers, trapped for over a week after parts of the under-construction structure collapsed following a landslide.
Among other things, the Golden Quadrilateral project will be extended from Silchar (Assam) to Kohima.
With the reality of coalition politics staring the BJP in its face, this was inevitable, points out Ramesh Menon.
Only NIIF has stayed the course as a viable infrastructure financing institution.
Hemant Shivsaran lists the number of projects the Modi government has announced since August to woo Gujarat voters.
'Our target is to award Rs 25 lakh crore worth of projects that would result in creating 25 million jobs'
The delegates from both sides will discusses issues, including connectivity at the Zero Point and the number of pilgrims to be allowed.
Transportation via inland waterways is cost-effective and more environment-friendly than rail or road transportation
China on Thursday voiced its opposition to India's reported plans to hold the next year's meeting of G-20 leaders in Jammu and Kashmir.
Prime Minister Narendra Modi said re-developed railway stations would become iconic structures and centres of economic activity.
The case pertains to the issuance of mining leases in alleged violation of e-tendering process. The Allahabad High Court had ordered the probe.
'The entire public needs to be evacuated immediately. Any day, the entire town can collapse.'
The move will lead to augmentation of water infrastructure in the country
Defence minister Rajnath Singh virtually conducted the final breakthrough blast of the Sela tunnel in Arunachal Pradesh and flagged of a 20,000-km-long motorcycle expedition of the BRO on Thursday.
The minister tells Subhomoy Bhattacharjee that he wants to set up a financing corporation for the road and shipping sectors, which will throw up a business opportunity of Rs 25 lakh crore!
Leading developer Ansal Housing and Construction Ltd is expecting a turnover of about Rs 250 crore (Rs 2.5 billion) from its upcoming residential project in Haryana in the next 3-4 years.
Gandhi said when the Congress was in power, the Opposition would allege that all money was going to Amethi and now they say nothing has been done here.
World Bank is expected to extend $2.5 billion loans to India this fiscal, which is lower than the targeted $3 billion annually during 2004-07.
'You need to have enough funds to maintain the primacy of public transport and it should not suffer because of lack of funds.'
With an aim of countering the 'anti-developmental' propaganda of Maoists, the Central Reserve Police Force has devised a new strategy of putting up hoardings in local dialect to seek tribals' support in construction of a National Highway in Chhattisgarh's worst insurgency-hit Sukma district.
Modi deplored "the thinking of many political leaders" that projects like roads were not meant for the poor.
The Centre on Tuesday told the Supreme Court that China has made a huge build-up in the Tibet region and the Army needs broader roads to move heavy vehicles up to the India-China border to avoid a 1962 war-like situation.
Laying foundation stone for a 44 MW power project in Kargil, the prime minister said converting the Srinagar-Leh road into a national highway is also under consideration.
Long-term funding was a requirement for infrastructure projects, and asset-liability mismatch in the banking system, impacts the access to finance for infrastructure projects. One of the key challenges would, however, be to get private sector back into investing.
China Construction forms consortium with Gurugram-based realty developer Tulip Infratech for road projects in India
China sees India and Japan's 'North East Road Network Connectivity Improvement Project' as a challenge to its OBOR, says Rajaram Panda.
'Interim Budget has ignited the entrepreneurial spirit.'
The public-private partnership model is a compulsion, says the minister.
In an address at an election rally in this southern-most part of Mizoram bordering Myanmar, Singh said violence is no solution to any problem and the two communities in Manipur must talk to each other to improve the situation in the troubled state.
Beijing's political risks are also escalating because of a renewed wave of public anger in many parts of Balochistan against human rights abuses by Pakistani troops deployed to crush the low-intensity insurgency in the province, the report said.
Expressing its keenness to invest in infrastructure development projects in India, Singapore on Friday said it was considering making investments in the modernisation of airports in the country.
