Highways Financial News

NEW DELHI : A large number of Union ministries had utilised only about two-thirds of their revised budgetary allocations for 2023-24 in the first nine months of the financial year. The actual total expenditure between April and December was ₹30.41 trillion, against the revised allocation of ₹44.90 trillion for 56 ministries, the Union finance ministry said in a statement on ministry-wise utilisation of the Budget allocation for FY24. The statement was a part of the government’s response to questions at the Rajya Sabha last week.

KABC-TV reported the helicopter took off from Palm Springs Airport around 8:45 p.m. and was en route to Boulder City, Nevada.

Delhi government has come up with a draft policy aiming to decongest the city by setting up a network of freight villages and micro-delivery hubs and relocating logistics infrastructure to the periphery of the national capital, officials said on Saturday. Around 1.93 lakh vehicles enter Delhi and leave the city every day. Out of these, about 79 per cent vehicles have business inside the city like unloading of goods and carrying finished products and commodities to various parts of the country. It is estimated that the goods vehicle traffic will increase to about 5.13 lakh trucks by 2042 in the city, according to the policy document. The 'City Logistics Policy' draft has been put in public domain by the Industries department for having feedback of stakeholders like transporters, logistics agencies, traders and industry before finalising and notifying the policy, officials said.

India will become the number one automobile manufacturing hub in the world by 2029 and the country will be the third largest economy, road transport and highways minister Nitin Gadkari said on Friday. The government's focus going forward will be to build a world-class road network, move to alternative fuels and bring down logistics costs in the country, Gadkari added. «One thing is very clear: if we need capital investment, development and industry, we should have good infrastructure, water, power, transport and communication,» he said. «Without that, we cannot develop our agriculture, service industry and tourism.»

DPRs) in respect for national highways and centrally sponsored road works issued by it. This will help in timely approval of various reports which is a critical requirement for preparation of quality DPRs, the ministry said in a circular on Friday. ET had on January 28 first reported that the provision of deemed approval could come in as part of the revamped DPRs for road construction.

Gurgaon is undergoing rapid development, and the city positions itself for significant growth and transformation. Several areas within Gurgaon are transforming into lucrative hubs, offering opportunities and holding immense potential for investors and residents. As the city experiences economic growth, sector 89 and the other sectors in the vicinity especially have emerged as the prime location, presenting compelling investment opportunities. This area is coupled with well-connected infrastructure, positioning the region as an ideal choice for investment. The skyscrapers, rapid urbanization, and strategic location attract businesses, professionals, and residents. The strategic development emerging in this city makes it an appealing prospect for those seeking to capitalize on its upward trajectory.

Honda is recalling over 750,000 vehicles in the U.S. because a faulty sensor may cause the front passenger air bags to inflate when they're not supposed to

Greater Noida: Despite installation of CCTV cameras and signboards displaying the prescribed speed limits for all motorists travelling along the Yamuna Expressway, there has been no reduction in the number of road accidents taking place along this highway stretch in Uttar Pradesh's Greater Noida district. There was a multiple head-on vehicle collision along the Yamuna Expressway at around 2 a.m.

Ayodhya and nearby areas, with an investment of Rs 3,570 crore. The National Highways Authority of India (NHAI) has invited bids for a 4/6 lane highway that will pass through Lucknow, Basti, and Gonda districts. The project, divided into North Ayodhya and South Ayodhya bypass, has been planned to address the expected increase in passenger and freight vehicle movement in the region after the inauguration of the Ram temple.

Tesla is recalling nearly 200,000 vehicles in the U.S. because the backup camera may not display an image

U.S. auto safety regulators have closed an investigation into complaints that the doors on some Ford Escapes can open while the SUVs are being driven, without seeking a recall

₹50,000 crore into highway building in the current fiscal as it chases a record 13,800-km target, despite slow construction across much of the year. The Union budget for FY24 had granted ₹2.6 trillion for the ministry of road transport and highways (MoRTH) for road construction. The additional amount will be used to build new roads, pay for projects awarded earlier, and acquire land.

₹50,000 crore into highway building in the current fiscal as it chases a record 13,800-km target, despite slow construction across much of the year. The Union budget for FY24 had granted ₹2.6 trillion for the ministry of road transport and highways (MoRTH) for road construction. The additional amount will be used to build new roads, pay for projects awarded earlier, and acquire land.

Police in southern California discovered a gruesome scene at a remote dirt crossroads in the Mojave Desert: six dead bodies. Details are still scant as investigators try to determine what happened, but the scene was so grisly that TV stations blurred some of the images captured by their helicopters overhead.

Protests by French farmers are snowballing and creeping closer to Paris, ratcheting up pressure for government measures to protect the influential agricultural sector from foreign competition, red tape, rising costs and poverty-levels of pay

Bengaluru-Salem National Highway, resulting in the tragic death of four individuals, including two women. The entire incident was captured by a CCTV camera. The footage reveals a speeding truck en route from Krishnagiri to Salem crashing into another truck on a bridge.

Nitin Gadkari said. “Ministry of roads will soon be adopting qualitative tendering process instead of the least cost bidding process to bring in quality and road safety in various projects,” Gadkari said at the International Road Federations’ event on Vision Zero – Targeting road safety by 5E’s, jointly organised by the ministry of road transport and highways and Maruti Suzuki. “Qualitative tendering will help incorporate safer road safety features in designs keeping in mind the behavior of the road users,” he added. According to Gadkari, there have been several cases where officers in the ministry have done away with safety features in highway projects to bring down costs and in the name of making them financially viable. “Road engineering is the biggest culprit for increasing road accidents in the country.

Ford is recalling nearly 1.9 million Explorer SUVs in the U.S. because a trim piece can fly off and create a hazard for other drivers

By Trevor Hunnicutt

Detroit automaker, Ford (NYSE:F) announced Wednesday that the company is recalling 2.24 million Ford Explorer SUVs worldwide made between 2011-2019 due to potential issues with trim retention clips not being properly engaged.

cashless treatment facility for all road accident victims at the Ayushman Bharat hospitals while work is on to rectify about 5,000 remaining black spots in the country by May 2025 as the aim is to reduce road accident related death and injuries by half by 2030, road secretary Anurag Jain said. “We plan to introduce cashless medical treatment for all injured road accident victims across the nation within the next three to four months,” Jain said while addressing the International Road Federation (IRF) conference on ‘Vision Zero, Targeting road safety by 5E’s with innovative technologies’, organised in association with the ministry of road transport and highways and Maruti Suzuki. According to Jain, the nationwide scheme, to be introduced by the ministry, will be merged with the final scheme to be launched by the ministry of health and family welfare at the later stage.