The National Highway Authority of India (NHAI) has received a mandate to raise Rs.70,000 crore through infrastructure bonds claim industry sources. Sources add that the easy availability of low cost overseas loans for the AAA rated NHAI should make it easier for it to raise the bonds. In connection with the impetus being put on infrastructure development, including highways, road[Read More…]

For a hassle-free movement of cargo, industry sources claim that the government has decided to make electronic toll tags mandatory for all vehicles contracted by the government departments. The decision, the sources added, was taken in an inter-ministerial meeting chaired by Nitin Gadkari, Minister of Road Transport and Highways, and attended by petroleum minister Dharmendra Pradhan and food and consumer[Read More…]

The Delhi High Court has asked the drivers of app.-based cab firms Ola and Uber to refrain from striking work in protest of low fares and lack of basic amenities. The court, pointing that the cab drivers and their unions have a purely contractual relationship with the companies, has asked the cab drivers to opt for a more lucrative option.[Read More…]

The Central Government will soon formulate policies on alternate fuels like ethanol, methanol and other non-conventional fuel resources claim industry sources. They add that this is being done to bring down the crude import bill drastically. Sources claim that this was announced by road transport and highways minister Nitin Gadkari after an inter-ministerial meeting attended by Dharmendra Pradhan among others.[Read More…]