In the fiscal year 2023-24, the road and railway ministries achieved an unprecedented capital expenditure of Rs 5.2 lakh crore, despite constraints posed by the Model Code of Conduct for the Lok Sabha election. These sectors accounted for 50% of the Rs 10 lakh crore capex allocation for the year. The Ministry of Road Transport and Highways expended Rs[Read More…]
Focus on infra and rural development are likely to support CV sector growth. Story by: Ashish Bhatia Stress on infrastructure development and rural development are likely to have a positive impact on the CV sector. Deeming India as a haven of stability and an outpost of opportunity, finance minister Arun Jaitley in his budget speech for FY2016-17 outlined nine pillars of transformation –[Read More…]
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