Highways Financial News

Supreme Court on Wednesday directed the Central government to review by January 17 the legal question of whether a person holding a driving licence for a light motor vehicle is entitled to legally drive a transport vehicle of a particular weight. A five-judge constitution bench headed by Chief Justice D Y Chandrachud noted that the exercise for amendment would require consultation with multiple stakeholders which will take time.

New Jersey is prohibiting the sale of new gasoline-powered vehicles by 2035 as part of an effort to improve air quality and reduce planet-warming pollutants

Millions of people are expected to hit airports and highways in record numbers over the Thanksgiving holiday

NH-134 in Uttarakhand and is part of the Chardham plan. The estimated construction period was four years, with cost estimated at Rs 1,119.69 crore. Total project cost is Rs 1,383.78 crore, including land acquisition and rehabilitation cost. The work is delayed and is likely to be completed by May 14, 2024.

Guwahati: Phase-1 MBBS students with 27 displaced and another 6 non displaced students' of the Churachandpur Medical College (CMC) protested as they are debarred from appearing in their first year examination which commences on Tuesday. The 27 MBBS displaced tribal students have filled up their examination forms, admit cards and deposit their examination fees besides submitting copies for payment of fees through the deputy commissioner (DC) Churachandpur. They were informed that their admit cards and other examination materials were sent only to 6 (six) MBBS students and rest of the displaced students' were excluded .The students feel hurt because their fellow displaced students from Churachandpur Medical College were allowed to continue their studies at JNIMS centre uninterrupted but no such arrangement were made. The emergency shutdown for 48 hours following the killing of Kuki-Zo in an ambush on Monday in Manipur's Kangpokpi district witnessed stringent enforcement in the whole of Kangpokpi. The emergency total shutdown imposed by the top Kuki-Zo tribal body, the Committee on Tribal Unity, Sadar Hills Kangpokpi will culminate at 6:00 p.m. on November 22. Volunteers were seen along National Highway 2 strictly enforcing the total shutdown.

Coal India and NHIDCL. Jain said that with fragile geology in the region, vertical drilling would be done extensively if other options failed.

Uttarakhand have come up as the rescue team manages to establish contact with the people trapped for the first time. The endoscopic flexi camera reached the trapped workers, ANI reported. It was revealed on November 12 that a tunnel that was being built to connect Silkyara and Barkot had collapsed.

“We believe that foreign flows into Indian equities could slow down. It is not because the world is not convinced about India’s growth, but because given the rates at which treasuries are quoting in the developed markets,” says Harini Dedhia, Portfolio Manager and Head of Research, Tamohara Investments. In an interview with ETMarkets, Dedhia said: “The risk-to-reward ratio is not favorable in looking at equities in general as an asset class; forget Indian equities,” Edited excerpts: We are seeing some turnaround in Indian markets – is it the Diwali dhamaka or Santa rally? Neither really. The last 1-year performance of the Nifty50 has been less than that of a fixed deposit scheme, so to term it a rally would be incorrect.

commercial vehicles, a barometer of economic activity, are expected to hit an all-time high in FY24, fetching record revenue for companies such as Tata Motors, Ashok Leyland and VE Commercial Vehicles. Pricier heavy-duty vehicles are driving demand amid record government spending on infrastructure and increased freight movement.

Silkyara tunnel collapse site here, rescuers on Monday achieved a 'breakthrough' by pushing a six-inch-wide pipeline through the rubble of the collapsed portion, where 41 labourers are trapped. Through this 6-inch alternative lifeline, hot Khichdi was sent to the stranded workers for the first time since they were trapped.

By David Shepardson

₹10.64 trillion, more than double the original estimate, with costs averaging ₹31.6 crore per km, primarily due to an increase in input prices and land acquisition cost, rating agency Icra Ltd. said in a report on Monday. With the revised expense plan for Bharatmala Phase-I awaiting the approval of the Union cabinet, there has been marked slowdown in the awarding of new projects.

PTI. 2) The Tehri Hydroelectric Development Corporation was set to begin “micro tunneling" Sunday night from the Barkot end of the under-construction tunnel on the Char Dham route, part of which collapsed on November 12. 3) Boring through the debris of the collapsed 60-meter stretch from the Silkyara end was put on hold Friday afternoon when the American-made heavy-duty auger machine encountered a hard obstacle after about 22 meters, PTI reported. 4) In addition, the Rail Vikas Nigam Limited has begun work on a vertical pipeline for supplying essential items after the completion of the approach road to the top of the hill.

Uttarkashi Tunnel Collapse LIVE News Updates: In Uttarakhand, the Silkyara tunnel collapsed on November 12, trapping around 41 men. A rescue operation for these trapped workers was put on hold on November 19 as the agencies were involved in preparing for the next stage by adopting multiple approaches to reach the men trapped for the past few days. Stay tuned for Uttarkashi Tunnel Collapse LIVE News Updates only at LiveMint.In order to rescue the 41 trapped men, Tehri Hydroelectric Development Corporation was going to start 'micro tunneling' on Sunday night on the Char Dham route from the Barkot end of the under-construction tunnel.

India along its eastern neighbourhood, China's state-owned petroleum company has acquired control of several petrol pump and diesel stations in close proximity to the Myanmar-India border in recent times. PetroChina has so far acquired 119 retail fuel stations in Myanmar and may acquire another 53, sources indicated. Over 50 of these fuel stations were earlier owned by a Singapore-based firm. Most of the pumps acquired by PetroChina are in proximity to the India-Myanmar border or along the Trilateral Asia Highway, ET has learnt. Ever since Myanmar faced western sanctions after the coup, China has come to its rescue, including in the oil and gas sector.

Drilling to prepare an escape passage for 41 workers — trapped at Silkyara tunnel collapse site for a week now — remained suspended on Sunday, while Union Minister Nitin Gadkari who reviewed the rescue operation said another large diameter pipeline was being pushed through the rubble to provide essential supplies to them. An American auger machine which was brought as a replacement had to be stopped on Friday afternoon after it hit some hard surface while drilling through the rubble in the collapsed part of the under-construction tunnel, following which officials on Saturday began preparations to drill a vertical hole from the top of the hill.

Silkyara Tunnel in Uttarkashi safely as it undertakes a five-option action plan to rescue 41 workers trapped since November 12, ministry of road transport and highways secretary Anurag Jain said on Sunday. Over 40 workers got trapped after a portion of the tunnel under construction between Silkyara and Dandalgaon on the Brahmakhal-Yamunotri national highway collapsed eight days back. “Considering the lives involved, it was decided to move on all possible fronts together so that the workers can be rescued as early as possible,” Jain said, adding five options have been decided and five different agencies were detailed to carry out these options. “The government is keeping constant communication and making all efforts to keep up the morale of the labourers trapped inside the tunnel,” he said.

Rail Vikas Nigam Limited (RVNL) have been assigned one option each for the rescue. The Border Roads Organisation (BRO) and the construction wing of the Indian Army have also been assisting in the rescue operation, he said.

Nitin Gadkari, who visited the Uttarkashi tunnel collapse site on Sunday morning, said he expects the rescuers will be able to reach the victims who are trapped inside it in another two to two-and-a-half days. «If the auger machine works properly, we will be able to reach them (victims) in the next 2 to 2.5 days,» Gadkari told the reporters from the tunnel site. Uttarakhand Chief Minister Pushkar Singh Dhami also accompanied the Union minister. Minister Gadkari apprised that those private tunnel experts working for various organisations in the region have also been roped in for the rescue efforts. Food, medicine, and oxygen were being provided to those trapped inside through pipes.

Forget Melbourne’s EastLink, Transurban’s got another toll road across the Pacific Ocean it may look to add to its $40 billion empire.

Uttarakhand. The rescue team is considering alternatives including a perpendicular tunnel with two proposed routes and insertion of a pipe six inches (15 cm) wide, reported Reuters. Being inside for nearly 130 hours, 41 men are now grappling with health issues, including constipation, headaches and growing anxiety and trauma induced by fear and claustrophobia, reported ToI. Five Plan strategy The rescue team is now focusing on five new plans for the workers.