Only individual road corridors will be approved by Modi govt in 3rd term, it is learnt. Cabinet’s nod to 8 high-speed roads spanning 936 km is part of this new strategy.
Standing Committee on Transport, Tourism & Culture has also said it is ‘distressed’ to note NHAI’s Rs 97,000-crore debt servicing liability in the coming years.
Rating agency India Ratings and Research has painted a bleak picture of India’s road sector, revising the outlook from ‘stable’ to ‘stable-to-negative’.
When he was asked why he was so loud in his criticisms of Indian industry when his purpose could be better served by a shrewder approach, he said, “Because I am a Punjabi, not a Marwari”.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
The new engine, set to be developed over the next 10 years, will power the second tranche of Advanced Medium Combat Aircraft. First set will be equipped with GE 414 engines.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
COMMENTS