Housing & urban affairs ministry has received proposals from 5 states for buses. Scheme aims to provide financial support of Rs 20,000 cr for e-buses in cities with poor public transport.
Guidelines for PM-eBus Sewa scheme say cities or state govts will have to agree to guarantee timely payments to bus operators & set up power infrastructure to be eligible to participate.
Under the scheme — covering cities with population of 3 lakh & above — 10,000 buses will be deployed in PPP model. Centre will provide Rs 20,000 cr over 10 yrs, rest will be from states.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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