There is no replacement guarantee, usually only the defect will be fixed; cost of recall repair is borne by the manufacturer, but additional defects discovered during repair are to your account
Dip in October has severely dented prospects of road ministry meeting its target of constructing 12,000-14,000 km of highways in 2022-23
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RIL emerged as the winning bidder for the public-private-partnership (PPP) project, with its own investment pegged at Rs 783 crore
The last instalment, which the firm has requested an extension for, is worth Rs 124.72 crore
The Centre has asked states to remove encroachments from national highways as it is a matter of grave concern for traffic management and operations and future upgradation projects. The Ministry of Road Transport and Highways (MoRTH) in a letter to states said the Control of National Highways (Land & Traffic) Act, 2002 has empowered the National Highway (NH) officers to take action against encroachments, but still there are a lot of encroachments on NH land. "It has been brought to the notice of the ministry that national highways are being encroached upon by dhabas, vegetable sellers, etc. "...field units may be adequately sensitised to prevent encroachments on national highways and launch periodical drives to remove all sorts of encroachments from NH land," it said. "The ministry noted that encroachment of NH land whether of permanent nature or of a temporary nature is a matter of grave concern for traffic management and operations and future upgradation projects," it said.
The Covid-19 pandemic and an unusually long rainy season have kept the authorities from reaching the annual highway construction target of 12,000 km
The ruling is in conflict with position taken by other AARs; industry wants CBIC clarification
The ministry had constructed 10,237 kms in 2019-20, 13,327 kms in 2020-21, and 10,457 kms in 2021-22
National Highways Infra Trust (NHAI InvIT) is looking to raise additional Rs 3,800 crore, Road Transport and Highways Minister Nitin Gadkari said on Thursday. Addressing an event organised by National Highways Infra Trust, Gadkari said that of the additional fundraise, around Rs 1,500 crores are being garnered through an issue of non-convertible debentures (NCDs) with a long-dated maturity of 24 years. These InvIT bonds will be listed on BSE and NSE providing an opportunity for investors to invest and trade, he added. NHAI InvIT is the infrastructure investment trust sponsored by the National Highway Authority of India (NHAI) to support the government's National Monetisation Pipeline (NMP). Gadkari said that the InvIT, so far, has raised more than Rs 8,000 crore from foreign and Indian institutional investors.Infrastructure Investment Trusts (InvITs) are instruments on the pattern of mutual funds, designed to pool money from investors and invest in assets that will provide cash flo
There is a penalty if the vehicle owner fails to intimate the new address to the registering authority within the specified period of time
Union Transport Minister Nitin Gadkari on Friday said that India can become a "super economic power" given its economic potential. He was speaking on the topic "India's Growth" at an award ceremony organised by Pune Mirror, an English daily. As much as 52 to 54 per cent growth in the country comes from the service industry, 20 to 24 per cent from the manufacturing industry and agriculture and allied sectors contribute 12 to 14 per cent growth, he said. "India is the fastest growing economy....I feel there is huge potential for the Indian economy and we can become a super economic power," he said. The industrial growth in urban areas is good but it lags in rural and tribal areas and in agriculture, he noted. "So the most important challenge before the Indian economy is how we are going to create an economy which is going to create more employment potential," he said. "We are importing petrol and diesel worth Rs 17 lakh crore and creating pollution in the country. We can diversify
States were also told to revisit speed limits in urban and semi-urban road stretches to promote seamless movement of traffic
Earlier in September, MoRTH has issued draft rules to make it mandatory for car makers to install alarm system for rear seat belts
Authority plans to slash developer upfront payment, reduce timeline for financial closure
The government has been considering enforcing the use of rear seatbelts after Cyrus Mistry, the former chairman of Indian conglomerate Tata Sons, died in a car crash recently
The penalty can be paid either offline or online, depending on the facility provided by the city/state in which the traffic offence was committed
In an endeavour to promote ease of doing business, the Union Ministry of Road Transport & Highways (MoRTH) has notified new rules to simplify and streamline the Trade Certificate regime under the Central Motor Vehicle Rules, 1989.
Union Minister for Road Transport and Highways Nitin Gadkari inaugurated and laid the foundation stone of seven National Highway projects with a total length of 222 km in Gwalior worth Rs 1,128 crore
While the ministry of road transport and highways aims for a record 50 km/day construction target, it has only been able to execute 19 kilometres (kms)/day till August