Related News

Reserve Bank of India Governor Sanjay Malhotra on Saturday said India is poised to become the world’s third largest economy soon, crediting the Pradhan Mantri Jan Dhan Yojana for strengthening

Economic Affairs Secretary Anuradha Thakur on Saturday said the government remains on track to achieve its fiscal deficit target of 4.4 per cent of GDP for 2025-26, despite concerns triggered

State Bank of India (SBI), the country’s largest lender, on Saturday said it has signed a Line of Credit agreement worth EUR 100 million with Agence Française de Développement (AFD)

Union Electronics and IT Minister Ashwini Vaishnaw on Saturday inaugurated India’s first tempered glass manufacturing unit set up by Optiemus Infracom in partnership with US material technology major Corning. The

Reliance Industries detailed an extensive green energy blueprint, with Mukesh Ambani and Anant Ambani presenting their vision for developing what they described as the world’s most comprehensive new energy system.“Hydrocarbons

Russian President Vladimir Putin criticised Western sanctions ahead of his four-day visit to China, warning that trade restrictions and the costs of the Ukraine war have pushed Russia’s economy into

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Infra rollout gains pace: Govt eyes Rs 10 lakh crore in annual highway awards; Gadkari sets FY26 target at Rs 7 lakh crore

Word Count: 590 | Estimated Reading Time: 3 minutes


Infra rollout gains pace: Govt eyes Rs 10 lakh crore in annual highway awards; Gadkari sets FY26 target at Rs 7 lakh crore

The government plans to award road projects worth Rs 10 lakh crore every year, with a target of Rs 7 lakh crore in project awards by the end of FY26, Union road transport and highways minister Nitin Gadkari said on Thursday, signalling renewed momentum after delays linked to the Bharatmala programme.Speaking at the annual session of the Indian Construction Equipment Manufacturers’ Association (ICEMA), Gadkari said the sector had seen some slowdown over the past year due to the cancellation of Bharatmala, according to an ET report. “But in the current year, we have already awarded projects worth Rs 2 lakh crore and the plan is to award another Rs 5 lakh crore by year-end, taking the total to Rs 7 lakh crore,” he said.He added that the target going forward is Rs 10 lakh crore annually, noting that the award process is “transparent, time-bound and corruption-free” with no shortage of funds.Gadkari reiterated his goal of achieving 100 km of road construction per day, compared to the peak of 37 km per day recorded in 2020–21.Urging the construction equipment industry to adopt alternate and sustainable fuels, Gadkari said the ministry is exploring interest-free loans for manufacturers developing such equipment. “Besides, a relief on one-time tax on registration of construction equipment running on alternate fuels is also under consideration,” he added.“This will substitute huge fuel imports worth Rs 22 lakh crore annually, reduce pollution, and boost indigenous innovation,” he said, calling it a win-win for the industry, government and economy.





Source link