Considering its size, scale of operations and importance in the country’s transport infrastructure, the Railway Ministry got a political lightweight at the helm when the Narendra Modi government came to power in 2014.
The Indian Railways has imposed speed restrictions of 30kmph to 50kmph along several stretches of tracks in the Northeast to ensure that trains don’t crash into elephants.
With the National Company Law Tribunal (NCLT) and the National Company Appellate Law Tribunal (NCLAT) closing for vacations, the resolution process for firms undergoing bankruptcy proceedings are staring at further delays.
How many of you love hitting the road rather than taking the conventional, overcrowded train, or the boring, clinical flight? The smell of fresh air hitting your face with increasing velocities as you steadily climb through the revs on your vehicle is truly a different experience altogether.
An Indo-Pacific trilateral infrastructure forum has been launched here to find new, creative and efficient ways of leveraging the power of the private sector in India, the US and Japan to fill the massive gap in infrastructure and connectivity in the region.
Smaller Projects, Hybrid Annuity Model Make Infrastructure More Viable; Smaller Firms Grab Lion’s Share In Current Fiscal
With changes in how the National Highways Authority of India (NHAI) and its parent body Ministry of Road Transport and Highways (MoRTH) give out projects, the infrastructure sector has gathered momentum. The biggest beneficiary post the changes are however not the well established infrastructure majors but relatively smaller firms.
Indian Railways has blamed the maintenance backlog and simultaneous infrastructure creation for “punctuality issues.” It further said the maintenance of its network would remain its top priority so as to ensure zero mishaps.
The process of inducting 2,000 buses into Delhi’s public transport fleet has started gathering pace with the first lot of buses all set to hit the capital roads by September this year.
India’s infrastructure growth slowed to a three-year low of 4.2 per cent in the fiscal year ending in March, indicating Prime Minister Narendra Modi faces a tough challenge to boost investment ahead of general elections due early next year.
India’s infrastructure growth slowed to a three-year low of 4.2 percent in the fiscal year ending in March, indicating Prime Minister Narendra Modi faces a tough challenge to boost investment ahead of general elections due early next year.