The National Highways Authority of India (NHAI) will soon raise Rs 5,000 crore through green masala bonds to be listed on London Stock Exchange, Union minister Nitin Gadkari said on Friday.
The railways may be slowly limping back on the passenger and revenue fronts after two rough years, but installation of bio-toilets on trains has exceeded targets, official statistics show.
India’s mammoth state railways, much of them stuck in colonial times, have missed earnings targets for the third straight year and debts have shot up, documents seen by Reuters show, raising doubts about an ambitious modernisation drive.
Narendra Modi, welcomed the signing of the MoU on Wednesday and expressed satisfaction over the implementation of projects already agreed upon.
Prime Minister Narendra Modi chaired a meeting of infrastructure sectors, including roads, railways, airports, digital ports and coal, calling for a consolidated approach to complete existing projects within stipulated timelines.
At PRAGATI meet, PM Narendra Modi takes serious view of corruption in Indian Railways, directs strictest action
Prime Minister Narendra Modi today took a serious view of the “large number of complaints” about “corrupt practices” of Railway officials and directed strictest possible action against those found guilty.
India has agreed to cooperate with Sri Lanka for developing road infrastructure in the Jaffna region of the island nation.
Prime Minister Narendra Modi has underlined the need for a consolidated approach and adherence to strict timelines with regard to completion of infrastructure projects as he reviewed progress of sectors like roads, railways, airports and digital.
The commerce and industry ministry is working on fixing the nuts and bolts of a policy to give preference to domestically manufactured goods in government procurement with a view to promoting Make in India.
Indian Railways will invest about ₹12,000 crore in developing a common digital platform for integrating information from all its departments.