The Minister said under the NHAI's INVIT model, a bond issue was launched which garnered a tremendous response. Within the first day of its availability on the Mumbai Stock Exchange, the bond witnessed seven times oversubscription.
NHAI project directors are delegated the power to undertake rectification of accident-prone spots identified and recommended by the respective state police chiefs or by the district road safety committee.
The Precast (structure made in factories) concrete will avoid brakes on the pace of road projects besides giving a relief to common people from air pollution due to construction activities.
The statement said that AR's Aizawl Batallion reacted swiftly by launching rescue columns from their nearest operating bases.
Earlier on Tuesday Union Civil Aviation Minister Jyotiraditya Scindia urged West Bengal, Delhi and Punjab among eight states to reduce VAT on Air Turbine Fuel (ATF) for facilitating air connectivity to Tier-II, Tier-III cities.
NHAI has issued new policy guidelines to help its ROs/ PDs plan and prioritize better, and then expedite the process of highway maintenance in the desired manner.
One of the authorities that played a key role amongst all is National Highways Authority of India (NHAI) which continued to function even during the lockdown to ensure seamless movement of essential items and medical services across the country.
Reports suggest NHAI’s poor financial condition is the real force behind its latest decision, which is being opposed by the transport fraternity.
As per the statement, speed breakers result in considerable delay, vehicle damage and extra consumption of fuel.
He said the Goods and Services Tax (GST) had been the biggest tax reform since independence that had made the entire country into a single market and widened the tax base.
