The road will help in transportation of goods and further development of SMEs in North East India
The state is trying hard to improve ease of doing business by several notches.
Prime Minister Narendra Modi went on a 'safari' at the Bandipur Tiger Reserve in Karnataka on Sunday, as part of programmes to mark 50 years of 'Project Tiger'.
The Centre on Thursday told the Supreme Court that if the Army cannot move its missile launchers, heavy machinery up to the northern Indo-China border, then how will it defend it and fight a war, if it breaks out.
Modelled loosely around the National Highway System of the US, he in 2001 launched the Golden Quadrilateral and the North-South & East-West Corridor projects to build 4/6 lane highways between four top metropolitan cities of Delhi, Mumbai, Chennai and Kolkata as well as from Srinagar to Kanyakumari and Porbandar to Silchar.
The NHAI says non-availability of funds from private developers and financial institutions is also responsible for major delays.
The ministry of railways has dropped its proposal for monetisation of stations on public-private partnership mode, and projects are now being taken up under engineering, procurement and construction (EPC) mode, a source said. The source also told PTI that the ministry of railways has been asked to expedite monetisation of other assets, including trains, goodsheds, hill rail, stadiums, railway colonies and railway land parcels among others. "Largest asset class (stations) dropped. Stations earlier proposed on PPP mode are now being taken up under EPC mode," the source said.
Though Beijing asserts the Dalai Lama's successor needs its approval, observers say it remains concerned as the present Panchen Lama, the number two spiritual leader who was appointed by it after unseating the boy nominated by the Dalai Lama, has not gained much traction in Tibet.
At least six people were killed and dozens were missing after a massive landslide occurred at a railway construction site in Manipur's Noney district, officials said.
It was a special-purpose mobile gantry crane used in bridge construction and to install precast box girders in highway construction projects.
India has planned 14 strategic railway lines in areas bordering China, Pakistan and Nepal, but most of these projects are stuck for want of funds. Anusha Soni reports
Infrastructure assets worth over Rs 1.62 lakh crore are expected to be monetised during the current fiscal, Parliament was informed on Monday. The government had last year announced a Rs 6 lakh crore National Monetisation Pipeline (NMP) to unlock value in infrastructure assets across sectors, ranging from power to road and railways in four years till 2025. In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said about Rs 97,000 crore worth of public assets were monetised in the last fiscal (2021-22).
India will get $35 billion from Japan over the next five years for developmental projects, including building of smart cities and next generation infrastructure as also cleaning of the Ganga, as Premier Shinzo Abe on Monday pledged to partner Prime Minister Narendra Modi's "ambitious" vision of inclusive development.
Expressing commitment to augment the country's infrastructure, Finance Minister Nirmala Sitharaman on Monday proposed to significantly enhance capital expenditure to Rs 5.54 lakh crore in the next fiscal, besides creating institutional structures and giving a big thrust to monetizing assets to achieve the goals of the National Infrastructure Pipeline (NIP). Sitharaman said NIP, that was launched in December 2019 with 6,835 projects, has now been expanded to 7,400 projects and around 217 projects worth Rs 1.10 lakh crore under some key infrastructure ministries have been completed. "For 2021-22, I propose a sharp increase in capital expenditure and thus have provided Rs 5.54 lakh crores which is 34.5% more than the BE of 2020-21," the finance minister said.
Reliance Industries, construction major L&T and IRB Infrastructure are some of the top companies that have used an infrastructure investment trust structure to reduce part of their debt and generate returns for their investors. Earlier this month, IRB Infrastructure InvIT was listed on the National Stock Exchange, giving its investors an option to exit by selling their units. The listing came within months of the Securities and Exchange Board of India's (Sebi's) guidelines for conversion of private unlisted InvITs into listed ones were issued.
Terming the state "pride" of the country, Modi said it is the gateway of the nation as it guards the frontier. It is the duty of the government to develop the state at any cost, he said.
Singh also interacted with delegations representing different communities, including Kashmiri Pandits, Sikhs, Shias, Gujjars, Bakarwals and Paharis.
The labour force at large has turned less needy, due to various government financial incentives and freebies.
Terming infrastructure as the "backbone" of any nation's development, Goyal while presenting the interim Budget for 2019-20 in the Lok Sabha said India aspires to be a USD 10 trillion economy in the next eight years, and on the anvil is next generation infrastructure of roads, railways, seaports, airports, urban transport, gas and electric transmission and inland waterways.
Rs 28,117.23 crore has been made available so far by the Centre for 30 schemes out of special package of Rs 1.25 lakh crore for the state announced by Prime Minister Narendra Modi.
Parks would cut transport cost by 10% for industries, allow freight movement on larger trucks and rail.
Private participation remains lacklustre.
He said his government's goal is to make Delhi a grand city equipped with all the facilities as expected of the capital of the country.
Battling on Rahul Gandhi's behalf, Priyanka Gandhi took on Narendra Modi over his shehzada, namuna and other barbs at her brother on Tuesday, saying the Bharatiya Janata Party leader is aspiring to be prime minister but indulging in childish behaviour and that he should maintain decorum.
The ruling party appears to have worked to a plan, beginning with the weaning away of Congress MLC and MLAs.
The minister has sought the help of US technology, expertise and innovation to make road safety a priority in India.
'I decided to send a bat and a ball which was smaller in size so that it shouldn't get stuck in the pipe. And with that, they had a little good time.'
Pitching for making the country's 7,500-km long coastline an "engine of growth", Prime Minister Narendra Modi on Thursday said India wants to mobilise Rs 1 lakh crore investment to enable port development and invited global community to invest.
Roads and national highways are the lifeline of the country, says Oscar Fernandes.
The President said low cost airports would be developed to promote air connectivity to smaller towns.
'My belief that I could protect the Himalayas was shattered.'
'Toll system can never end though the rates may vary from time to time. Toll is my brain child'
Call it the art of staying rooted yet bending with prevailing political winds. With Telangana going to the polls in December, and assembly and Lok Sabha elections in Andhra and Odisha scheduled next year, what factors have influenced parties' recent moves?
Road Transport Minister Nitin Gadkari known for promoting innovative ideas in transportation, created a stir some time back when he pitched for 100 per cent electric mobility by 2030. In an interview with Megha Manchanda & Jyoti Mukul, he talks about the Central Road and Infrastructure Fund (CRIF) and electric vehicles.
The manifesto proposes to launch a Sagar Mala project to set up new ports and upgrading the existing ones and "stringing them together".
'This plan is basically to allow some of the government assets for rent, and surely not for sale.' 'There is a difference between selling a house and renting out a house.'
The Centre has accorded top priority for cost-effective, pollution-free transportation modes, such as waterways, which reduce logistic costs and increase road safety. Union minister of roads, highways, ports and shipping Nitin Gadkari speaks to Sanjay Jog about the government's strategy.
The new Land Acquisition Act, which he hoped to notify by January 1, 2014, does not have under its purview 13 different acts, which dealt with land acquisition for various government projects, including the national highways, power transmission and railways.
Move to accelerate investments; Japan to have a share in corpus
The docking of two Chinese submarines at the Colombo harbour in 2014 had angered India, which said it undermined its security interests.
