NITI Aayog has signed an agreement with Geneva-based International Road Federation for cooperation towards building an Intelligent Transportation Systems (ITS), and to design a policy framework for the same. The National ITS policy is expected to serve various domains like traffic management, parking management, electronic enforcement of traffic rules and regulations. According to K.K. Kapila, Chairman of the International Road[Read More…]
Union road transport minister Nitin Gadkari has hinted at inviting public money to fund National Highway Authority of India (NHAI) projects. Industry sources claim that the NHAI IPO is in the works, and will soon get an approval from ministry of finance. The government is confident of raising Rs.10 trillion from investor subscriptions. The minister expects that the NHAI IPO[Read More…]
With an aim to minimise traffic snarls, the National Highway Authority of India (NHAI) has initiated a dedicated lane at toll plazas as FASTag lane. The FASTag lane is expected to promote electronic toll collection at toll plazas. For a hassle free experience, industry sources claim that the ministry of road transport and highways is banking upon electronic toll collection.[Read More…]
In a bid to leverage information technology, the Government is planning to bring all petroleum products together on an e-commerce platform, claim industry sources. They draw attention to a recent statement made by oil minister Dharmendra Pradhan. Addressing the India Mobile Congress event at Delhi, the minister is known to have said that there is a need to leverage the[Read More…]
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