The Reserve Bank Friday termed the government’s move to supersede the board of Infrastructure Leasing and Financial Services (IL&FS) as “timely and appropriate” which has “helped stabilise the situation” and indicated that it will engage with the new management if necessary. The central bank also hinted that it’s looking at tightening the guidelines to avoid…
The Ministry of Corporate Affairs (MCA) on Friday moved the Mumbai bench of the National Company Law Tribunal (NCLT) seeking protection for the newly appointed board of Infrastructure Leasing & Financial Services (IL&FS) Ltd against legal action by its lenders, creditors and investors.
A portion of a slab of the Rajiv Gandhi overbridge in Bhiwandi collapsed Wednesday. The bridge was subsequently closed for repairs. Residents had for several months been complaining about the bridge, located near the state transport bus stand.
After a Pune-based surface coating technologist claimed to have developed a solution to get rid of potholes on city roads, the Pune Municipal Corporation (PMC) has started a trial to check its effectiveness.
A truck driver was injured after a canal bridge collapsed near Siliguri in West Bengal’s Darjeeling district early Friday morning, PTI quoted state minister Rabindranath Ghosh as saying. The driver has been admitted to hospital.
The Bombay High Court on Tuesday said that providing pothole-free roads is the minimum the government should do for its citizens. It also suggested to the state government that it should to take expert opinion on techniques to be used to avoid the pothole problem in the future.
Noting the slow pace of work in the two flyover bridges projects in the city, Rajkot Municipal Corporation (RMC) has slapped a Rs10 lakh penalty on the contractor. The consultant for the twin projects has also been slapped a fine of Rs 1 lakh.
WITH POTHOLES continuing to be the talk of the town, Additional Municipal Commissioner Vijay Singhal has said that the civic body was not aware what material was being used by contractors to repair roads. During a standing committee meeting held at the civic body headquarters on Wednesday, the corporators took turns in attacking the BMC…
Days after incessant rainfall, potholes have made a comeback as water started receded from city roads. Braving a bumpy ride to work, residents were prompt in pointing them out. Since the onset of monsoon last month, civic officials said they had received at least 400 complaints against potholes. BMC officials said the repairing work on…
Days before Prime Minister Narendra Modi is expected to lay the foundation stone of the proposed Purvanchal Expressway, the state government has finally completed the tender process for the project, which got the Cabinet’s approval Tuesday.