The move comes in the wake of India raising cap on foreign institutional investors investment by $5 billion in government and corporate bonds each.
Ola Electric Mobility Ltd on Friday said ministries of heavy industries, and road transport and highways have sought information from the company over gap in vehicle registrations as per the Vahan portal and sales as per the firm's regulatory filing. Besides, the ministries have also sought clarification on reports "regarding non-compliance to the requirement of trade certificates", Ola Electric Mobility said in a regulatory filing.
Security forces in Manipur have launched a major crackdown on the banned People's Liberation Army (PLA) following an ambush on an Assam Rifles convoy. Fifteen cadres have been arrested, including suspects directly involved in the attack. Investigations are underway to determine if the PLA has political patronage and if weapons looted during ethnic clashes are being used against security forces.
The National Highways Authority of India and the road transport ministry together have constructed 1,314 km of highways in the current financial year till August 31.
The ministry is seeking a $2.96-billion World Bank funding for double-laning of 6,300 km of single-lane highways, out of a total of about 19,000 km single-lane highways in the country.
Speaking during the Question Hour, the road transport and highways minister said the country has set several world records in road construction despite COVID-19. The construction of Zoji La tunnel on the Srinagar-Leh highway will be completed before 2024, while another Z-Morh tunnel will be completed in the next three months, he added.
The minister for road transport and highways, who was accompanied by Uttarakhand Chief Minister Pushkar Singh Dhami, said the rescue operation is challenging as the soil strata in the Himalayan region is not uniform.
To attract foreign investors to bid for road projects in the country, road transport and highways minister Kamal Nath said on Sunday the government would award the first mega highways project in two months.
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.
Besides projects under the NHAI, the government earmarks funds for constructing roads, undertaken by various state government agencies and municipal corporations. Nath will be seeking Rs 6,000 crore (Rs 60 billion) for this.
National highways in remote areas, intermediate and single roads are all set to be two laned, with the government having identified 5,000-km of such roads for upgradation.
Union Minister Nitin Gadkari was on Wednesday given the additional charge of portfolios held by Gopinath Munde who died in a road accident in New Delhi.
India expects a big investment of $5 billion (about Rs 22,800 crore) from Canada in the country's road development programme over the next three to four years, road transport and highways minister Kamal Nath has said.
Raut was responding to a reporter's question about opposition parties' claim that Gadkari was targeted through the Comptroller and Auditor General (CAG) report on alleged irregularities in the work done by the National Highway Authority of India (NHAI).
The Union Road Transport and Highways Ministry on Wednesday said the states and union territories (UTs) will provide up to 25 per cent rebate on road tax for vehicles that are purchased after scrapping old vehicles under the new National Automobile Scrappage Policy. The ministry in a press note said that in the vehicle scrapping policy, it is proposed to have a system of incentives to nudge vehicle owners to discard old and polluting vehicles. "As an incentive for scrapping, concession is stipulated in the motor vehicle tax for a vehicle registered against submission of Certificate of Deposit, which is issued by a Registered Vehicle Scrapping Facility.
Over 25 crore workers across India are set to strike against new labour codes and privatisation, potentially disrupting banking, postal, and other essential services.
Both life insurance and medical insurance premiums are subject to an 18 per cent GST rate.
If 2019-20 (FY20) was an unusual year for highway construction in India, with the pace of work slowing down for the first time since the Narendra Modi government assumed power in 2014, largely due to the general elections in May and liquidity crunch, the outbreak of the Covid-19 pandemic in 2020-21 (FY21) only made matters worse with lockdowns and labour unavailability. The pace of highway construction in 2021-22 (FY22) has not been able to bulldoze the pandemic barriers in a year marred by two Covid-19 waves - the second at the start of the fiscal year, the third towards the close. With localised lockdowns and restrictions on mobility, highway construction growth in the country has now fallen to a five-year low.
Union Road Transport and Highways Minister B C Khanduri on Wednesday said the 5,846 km long Golden Quadrilateral project would be almost over by 2005.
Road builders have been asking for one to resolve various contract disputes and renegotiate others.
China is set to build a rail link connecting Xinjiang province with Tibet, part of which will run near the Line of Actual Control (LAC) with India.
MCA is a legal contract, which prescribes the terms and conditions for executing a road project.
Kamal Nath is in New York attending several meetings, including McGraw-Hill Construction, which is one of the largest construction industry events.
The 4.5 kilometre-long Silkyara tunnel project in Uttarakhand, which is part of the central government's strategic 900-km 'Char Dham Yatra All Weather Road', will continue after the necessary safety audit and repair of the broken structure, a senior road ministry official said on Wednesday.
The notification issued by the Union Environment Ministry also exempts projects pertaining to the expansion of terminal buildings at airports (without an increase in the existing area of the airport) from seeking green nod.
A plan for projects to be awarded in the year 2010-11 is to be launched soon.
India tops the world with 11% of global deaths in road accidents while we have only 1% of the world's vehicles.
As even bigger road construction players are not willing to bet on BOT projects., NHAI will have to rethink its thrust on the BOT model.
'The path beyond diesel is not going to be clear. It is really going to be dependent on applications.'
The Madras High Court has set aside a notification of the central government, fixing 120 kmph as the speed limit for vehicles plying on highways.
With around 85,000 road accident deaths every year, the ministry for road transport and highways is considering a proposal to set up a Commissionerate for Safety.
The government planned to build 12,000 kilometres of roads, including highways, at an estimated cost of Rs 1,00,000 crore (Rs 1 trillion) in the current financial year, Union Road Transport and Highways Minister Kamal Nath said.
This will fill the road infrastructure deficit.
India will not allow Chinese companies to participate in highway projects, including those through joint ventures, Union Minister Nitin Gadkari said on Wednesday amid the border standoff with China. Gadakri also said the government will ensure that Chinese investors are not entertained in various sectors like the micro, small and medium enterprises (MSMEs).
Roads and national highways are the lifeline of the country, says Oscar Fernandes.
The central government's highway award and construction target for the current fiscal is dominated by the Bharatmala scheme.
Fast-moving consumer goods (FMCG) distributors' association has written to the finance ministry, highlighting concern over fund utilisation and fund accumulation by quick commerce companies and deep discounting of goods on their platforms. According to a recent letter seen by Business Standard, All India Consumer Products Distributors Federation (AICPDF) noted that its analysis indicated that approximately 80 per cent of these funds were directed toward customer acquisition strategies instead of creating cutting-edge innovations or sustainable growth models for the retail sector.
The six-laning of Vadodara-Mumbai section of National Highway No 8 will be taken up at an estimated cost of about Rs 3200 crores (Rs 32 billion), Minister of State for Road Transport K H Muniyappa said in Vadodara on Monday.
