Nitin Gadkari INTERVIEW | As highway projects get more viable, will be good for banks to finance HAM

Even though the pace of highway construction almost trebled to 35 km/day in the last five years, pure-play public-private partnerships (PPPs) are showing no signs of picking up. While there seems to be a growing burden on the government finances from the EPC and hybrid annuity models, minister for highways and transport Nitin Gadkari tells […]

Union Minister Jitendra Singh dedicates two inter-state roads to people of Northeast

Union Minister Jitendra Singh on Saturday inaugurated two inter-state road projects in the northeast, asserting that the BJP-led NDA government was committed to the development of the region. Singh, who dedicated the projects to people via a video conference from New Delhi, said the region has witnessed rapid development in the last five years. “The […]

Delhi to Mumbai in 12 hours! Delhi-Mumbai expressway to be reality soon as Modi govt takes big step; key facts

Delhi to Mumbai road journey in just 12 hours through Delhi-Mumbai expressway! The Narendra Modi government is launching the construction works of the ambitious Delhi-Mumbai Expressway project which proposes to reduce the road travel time between the two big cities to just 12 hours! In a massive boost to the country’s road infrastructure, the central […]

IL&FS crisis fallout: NHB proposes higher capital adequacy for housing finance companies

Amid growing concerns about solvency as well as asset-liability mismatch in the shadow banking space following the IL&FS crisis, the National Housing Bank (NHB) has proposed to gradually raise the capital adequacy requirement of housing finance companies (HFCs) to 15% by March 2022 from the current 12%. In its proposed amendments to regulations, reviewed by […]

Massive infra boost in Bihar! Take a look at all the National Highway projects launched by Nitin Gadkari today

Big highway projects to boost Bihar’s infrastructure! Union Minister for Road Transport and Highways Nitin Gadkari has inaugurated and laid the foundation stones for as many as 16 National Highways (NH) projects in Chhapra and Madhepura, Bihar today, worth Rs 6,943.04 crore. Other than introducing new NH projects, the minister also launched several projects under […]

Decongesting Delhi! Nitin Gadkari to lay foundation stone for 6-lane NH project today; how it will benefit

Big step towards decongesting Delhi! Today, Union Minister for Road Transport and Highways is all set to lay the foundation stone for a six-lane access-controlled National Highway (NH) project at Kalindi Kunj-Meethapur Road in Delhi. The highway, which would be over 59 km long, will start at Ring Road-DND junction in the national capital and […]

Most IL&FS companies in second list are ‘red’, unable to meet payment obligations: Govt

The ministry of corporate affairs secretary Injeti Srinivas on Tuesday said that most of the IL&FS subsidiaries in the second list of 100 domestic entities that are part of the debt-laden group are classified under ‘red’ – meaning they are unable to meet their payment obligations. The ministry had earlier submitted a classification for 70 […]

Ganga Expressway, India’s longest expressway, on fast-track! What Yogi Adityanath government is doing; details

Ganga Expressway in Uttar Pradesh to soon see the light of the day! Said to be India’s longest expressway, the ambitious Ganga expressway project, is on fast-track under Yogi Adityanath-led Uttar Pradesh government. Over a decade after former Uttar Pradesh Chief Minister and Bahujan Samaj Party (BSP) supremo Mayawati announced the ambitious expressway project worth […]

Nitin Gadkari launches projects worth more than Rs 3,400 crore in Bihar

Union Minister Nitin Gadkari on Monday launched national highways and waterways projects worth more than Rs 3,400 crore during his day-long visit to East Champaran and West Champaran districts of Bihar. Gadkari, who holds road transport and highways, and shipping, water resources, river development and Ganga rejuvenation portfolios, also addressed the concluding ceremony of a […]