Thursday, May 13

Tag: Nitin Gadkari

NHAI places GPS-primarily based tolling on rapidly-monitor, invite bids for expert
Business

NHAI places GPS-primarily based tolling on rapidly-monitor, invite bids for expert

NEW DELHI: The Nationwide Highways Authority of India (NHAI) has fast-tracked the system to start the GPS-dependent tolling with 1 of its subsidiaries floating a tender to interact a specialized guide to get ready the roadmap. The advisor will also suggest the want for changes in regulations to put into action the method, which aims at accomplishing absent with the toll gates throughout the NH community. Last December, Union street transport and highways minister Nitin Gadkari experienced reported NHs would be toll plaza free of charge in the future two many years. Very last month, NHAI chairman S S Sandhu has also introduced that the technological innovation will be deployed on some NH stretches as pilot in the up coming one particular yr. In accordance to the bid document floated by IH...
Great option for Tesla to start out manufacturing in India: Nitin Gadkari
Business

Great option for Tesla to start out manufacturing in India: Nitin Gadkari

NEW DELHI: Union minister Nitin Gadkari on Thursday reported American electric motor vehicle main Tesla has a golden option to established up its producing facility in India specified the country's thrust on e-automobiles. Tesla is presently sourcing several vehicle components from Indian automakers and setting up foundation below would be economically viable for it, road transport, highways and MSMEs minister Gadkari said though addressing a session at the Raisina Dialogue. "I will advise them (Tesla) that it will be golden chance for them to commence production facility in India for the reason that as the vehicle parts are involved, already Tesla is getting a lot of components from the Indian brands. So there will be availability," the minister explained. At the exact time, the Indian ...
India holds globe report for speediest street development: Nitin Gadkari
Business

India holds globe report for speediest street development: Nitin Gadkari

LUCKNOW: With the development of a 2.5 km 4-lane concrete street and a 1-lane 25-km bitumen Solapur-Bijapur highway inside of 24 hours, India has manufactured 3 globe documents, mentioned Union minister for highway transportation and highways Nitin Gadkari on Friday. "We built 3 entire world information this month. India now holds the world record for the quickest street building. We produced it to the Guinness Planet Documents by constructing a 2.5 km 4-lane concrete road inside 24 hours and a 1-lane 25-km bitumen Solapur-Bijapur road within 24 several hours," Gadkari claimed even though inaugurating the Tedhi Pulia flyover and laying the foundation stone for the Khuram Nagar flyover in Lucknow. He even further mentioned that the politics of the 21st century is that of progress and the ...
About 4 cr old vehicles on Indian roadways, Karnataka tops checklist at 70 lakh
Business

About 4 cr old vehicles on Indian roadways, Karnataka tops checklist at 70 lakh

NEW DELHI: More than four crore automobiles more mature than 15 many years are plying on streets pan-India and tumble under the ambit of eco-friendly tax, with Karnataka occupying the prime slot with additional than 70 lakh these types of automobiles. The Ministry of Road Transportation and Highways has digitised the data of these vehicles all over the country, excluding Andhra Pradesh, Madhya Pradesh, Telangana and Lakshadweep as their records had been not out there. A proposal to levy green tax has currently been sent to the states. Extra than 4 crore cars have been identified to be older than 15 years, which include more than two crore which are more than 20 yrs aged, as for each the knowledge. The digitised automobile records are as for every the centralised Vahan databases that excl...
New India in creating, infra to be no a lot less than US, Europe in 5 several years: Nitin Gadkari
Business

New India in creating, infra to be no a lot less than US, Europe in 5 several years: Nitin Gadkari

NEW DELHI: A new India is in the making with infrastructure which will be no less than that in the US and Europe in five a long time, and a solid basis has already been laid with above Rs 17 lakh crore worthy of of initiatives in the very last 5-yr period, Union minister Nitin Gadkari said on Thursday. Improvement of backward regions, the northeast and border areas continues to be 1 of the topmost priorities of the federal government, the highway transport, highways and MSME minister mentioned. "In five years time, I can give warranty that India's infrastructure will alter...It will be no much less than US or European countries...A new India is emerging," Gadkari reported at the Moments Network India Financial Conclave. The minister reported its basis has by now been laid with a mammoth ...
NHAI to raise Rs 1 lakh crore through monetisation of highways in future 5 many years
Business

NHAI to raise Rs 1 lakh crore through monetisation of highways in future 5 many years

NEW DELHI: Union minister Nitin Gadkari on Thursday reported the Nationwide Highways Authority of India (NHAI) is planning to increase Rs 1 lakh crore by means of monetisation of national highways in the future 5 a long time and exhorted field players to appear forward to experience rich dividends by investing in it. Gadkari, who retains road transportation portfolio along with MSME, reported this will spur expansion and the funds could be roped in generating sound infrastructure. "NHAI is organizing to increase Rs 1 lakh crore through monetisation of highways under toll run transfer (TOT) method in the following five decades," Gadkari said addressing CII's nationwide meeting on "Highway Infrastructure - Generating Demand from customers: Stimulating Growth". The minister said asset monet...
HDFC Bank’s MSME ebook grows 30% to cross Rs 2 trillion-mark
Business

HDFC Bank’s MSME ebook grows 30% to cross Rs 2 trillion-mark

MUMBAI: HDFC Bank's MSME e-book grew 30 for every cent 12 months-on-12 months to cross the Rs 2-lakh-crore-mark as of December-end, generally boosted by the pandemic-induced ECLG scheme under which it disbursed over Rs 23,000 crore. The growth is also driven by a renewed drive toward prospects in semi-urban and rural locations, the lender has claimed. In December 2019, the bank's MSME reserve stood at Rs 1.4 lakh crore, which has developed by above 60,000 crore or 30 per cent to Rs 2,01,758 crore by the December 2020 quarter, supplying it a 10.6 per cent share system-vast MSME lending, getting the next-biggest loan provider in this phase after the State Bank of India, the financial institution added. “Our MSME lending is back to pre-pandemic ranges, with personal loan reserve increasing ...
Vehicle scrapping policy to offer you about 5% rebate on new automobiles: Nitin Gadkari
Business

Vehicle scrapping policy to offer you about 5% rebate on new automobiles: Nitin Gadkari

NEW DELHI: The automobile scrapping coverage will offer about 5 for every cent rebate to those getting new cars if they junk their aged vehicles, Union minister Nitin Gadkari reported in Rajya Sabha on Thursday terming it a "win-win" situation. The voluntary auto scrapping coverage declared in the Union Spending plan for 2021-22 provides for health test after 20 yrs for own autos while professional vehicles would need it immediately after the completion of 15 decades. "The 'Voluntary Vehicle-Fleet Modernisation Programme' or 'Vehicle Scrapping Policy' will present a rebate of about 5 per cent to buyers on new car purchases in lieu of scrapping of the outdated. The vehicle suppliers are encouraged for giving a discount of 5 for every cent on order of new car in opposition to the scrapping...
Nitin Gadkari announces motor vehicle scrappage policy in Lok Sabha
Business

Nitin Gadkari announces motor vehicle scrappage policy in Lok Sabha

NEW DELHI: Union minister Nitin Gadkari on Thursday declared the substantially awaited auto scrappage plan in Lok Sabha. "We have issued an advisory to all car brands to provide 5 for every cent low cost when providing a new car or truck against a scrapping certification," the minister explained. Stating it to be a gain-gain coverage for scrapping outdated automobiles, the transport minister explained that recycling will minimize expense of components for the car business. States can also offer you price cut on registration and highway tax for obtaining new vehicles towards the scrapped just one, he additional. Gadkari also emphasised that operate is underway to introduce strategies that will make India the world's largest auto hub in the next 5 yrs. On implementation of FASTag, the mini...
Govt fully commited to market renewable power, specially in MSME sector: Nitin Gadkari
Business

Govt fully commited to market renewable power, specially in MSME sector: Nitin Gadkari

NEW DELHI: The federal government is fully commited to boost renewable power methods in the country, specially in the micro, little and medium enterprises (MSMEs) sector, Union minister Nitin Gadkari has claimed. He also exuded self esteem that in 5 yrs, India will be a best producing hub for automobiles in the environment. Gadkari, who holds MSME portfolio together with highway transport, said by producing solar power accessible, "we will build huge industry for electric powered autos". He invited investors overseas to spend in Indian MSMEs and expressed hope that this will offer a amount of possibilities to the MSME sector to develop into the world's major production hub. The minister was addressing a webinar on 'Aatmanirbhar Bharat – Possibilities in Solar & MSME' on Friday night. In ...