Highways Financial News

China is owed more than a trillion dollars through its Belt and Road project, making it the biggest debt collector in the world, a report said this week, with an estimated 80 percent of the loans supporting countries in financial distress. Beijing says upwards of 150 countries stretching from Uruguay to Sri Lanka have signed up to the BRI, a vast global infrastructure push unveiled by President Xi Jinping a decade ago. The first decade of the initiative saw China distribute huge loans to fund the construction of bridges, ports and highways in low and middle-income countries. But much more than half of those loans have now entered their principal repayment period, said a report released Monday by AidData, a research institute tracking development finance at Virginia's College of William and Mary. That figure is set to hit 75 percent by the end of the decade, it added. Crunching data compiled on Chinese financing of almost 21,000 projects across 165 countries, AidData said Beijing had now committed aid and credit «hovering around $80 billion a year» to low and middle-income nations. The United States, in contrast, has provided $60 billion to such countries a year. «Beijing is navigating an unfamiliar and uncomfortable role — as the world's largest official debt collector,» the report said.

By David Shepardson

Rupani and Suresh Mehta escaped unhurt in separate accidents involving their vehicles on Monday, police said. A 50-year-old motorcyclist was injured when one of the vehicles in Rupani's convoy hit him on the Ahmedabad-Rajkot highway around 10.30 am, an official said. The accident occurred near Limbdi town of Surendranagar district when the victim, Prabhu Thakarshi, was trying to cross the highway on his two-wheeler and the former chief minister's convoy was passing at the same time, deputy superintendent of police C P Mundhwa said.

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Tesla wins autopilot court battle; BP Pulse makes $100M deal; and China EVs report October delivery numbers.

Mizoram drew to a close on Sunday, Prime Minister Narendra Modi reached out to the electorate through a video message with the promise of fulfilling their dream of making it a “marvellous” state. Modi highlighted the development work undertaken in the northeast since the NDA came to power at the Centre in 2014. In the video message, Modi delivered his short ten-minute speech partly in Hindi and English, underlining that the distance- both physical and mental- between the Centre and the northeast has been narrowed significantly in the last few years.

Mizoram seeking their support and blessings to make their homeland «marvellous». Addressing the people of the Northeastern state on the last day of the campaign, Modi in the video message said the BJP-led central government has taken steps to improve its various infrastructure, including railway, health and sports. Terming the people of Mizoram like his family members, he said it has always been a great pleasure for him to interact with the state's warm people.

Narendra Modi asserted on Saturday that his government has broken many real, perceived and exaggerated barriers, laying the foundation for building a developed, grand and prosperous India. Speaking at the Hindustan Times Leadership Summit here, he referred to the theme of the event — 'Beyond Barriers' — and said the 2024 Lok Sabha poll results will see people supporting the ruling BJP «beyond barriers». The media group's theme of its 2047 summit will be "Developed Nation: What Next", he said in a lighter vein in reference to his government's call for making the country developed by the centenary of its independence.

Toyota isn’t telling owners of 1.9M recalled RAV4 SUVs to park them outdoors.

Mint in the week gone by. The Centre’s tax collections finally got back on track in August and September, while private equity firm Blackstone Group Inc is making an entry into India's healthcare sector by acquiring controlling stakes in Care Hospitals and Kims Health. After facing a slow pace in the first four months of the fiscal year, the central government’s gross tax collections have started showing healthier trends since August.

Federal officials say their investigation into a Colorado coal train derailment that killed a truck driver and shut down a major highway is focused on whether inspection and maintenance practices at BNSF Railway contributed to the accident

In a bid to improve connectivity in Jammu and Kashmir, Union Minister for Road Transport and Highways Nitin Gadkari announced successful completion of the 1.08-kilometer long, four-lane Ramban Viaduct situated on the Udhampur-Ramban section of National Highway-44 on Wednesday (November 1). This accomplishment is poised to transform the region’s transportation infrastructure and alleviate traffic congestion in Ramban Bazar.

Maratha reservation protestors burn tyres on the Pune-Bengaluru highway near Navale bridge in Maharashtra's Pune city on Wednesday. Police have booked approximately 400-500 people. 1) Internet services have been suspended in Chhatrapati Sambhajinagar district – both rural and urban areas – of Maharastra on Thursday, November 2 in connection with the Maratha reservation protest.

Meitei and kuki communities in Manipur to sit together and hold “heart-to-heart” conversation to end the trust deficit. Singh while addressing an election rally in Mizoram’s Tipa, area bordering Myanmar, said that violence is no solution to any problem and the two communities in Manipur must talk to each other to improve the situation in the state. “The Northeast region has been peaceful in the last nine years. Insurgency has ended in every state.

(Reuters) -More automakers signed up to access Tesla (NASDAQ:TSLA)'s electric-vehicle charging infrastructure across the United States, taking the Elon Musk-led company's superchargers closer to becoming the industry standard.

Maratha community is not fulfilled by the Maharashtra government, according to a report published by the news agency PTI. "Leaders of all parties who are in Mumbai should ask the state government to call a special session of the state assembly and declare Maratha reservation. If this is not done, I will quit drinking water from Wednesday evening.

U.S. auto safety regulators have closed two investigations into problems with Jeep SUVs without seeking recalls

Maratha quota agitation which took a violent turn in some parts of the state. Since the last few days, incidents of violence were witnessed in many parts of the state. The State-run bus services have been completely suspended in five Marathwada districts while curfew and Internet shut-down have been imposed in parts of Beed where the houses of political leaders were targeted by protesters.

India has no option other than to grow at 10% to catch up with the scale of China, India’s G20 Sherpa Amitabh Kant on Thursday said that the Indian economy is poised to be a $5-trillion economy. “This is India’s moment. We can go on to be the seventh-largest economy in the world.

By Dan Levine and Hyunjoo Jin

Shimla: July-August 2023 is a period Girish Minocha would dearly like to forget. But each day, he continues to experience the impact of the tragedy that played out in Himachal Pradesh during those two months after the state was battered by heavy rains. Minocha is the chief executive officer of Minchy’s Food Products, a Shoghi-based company that processes apple juice, apple cider vinegar, jams and marmalades, among other items.

MoRTH) report, “During 2022, a total of 4,61,312 accidents were recorded in the country, of which, 1,51,997 (32.9%) took place on the National Highways including Expressways, 1,06,682 (23.1%) on State Highways and the remaining 2,02,633 (43.9%) on other roads." “Out of the total of 1,68,491 fatalities reported in 2022, 61,038 (36.2%) were on National Highways, 41,012 (24.3%) were on State Highways and 66,441 (39.4%) were on other roads", the report said.