Friday, May 9, 2025

Creating liberating content

If you want to build muscle, a simple home cooked

Robert Francis Prevost, now known as Pope Leo XIV, was

Related News

If you want to build muscle, a simple home cooked meal might not suffice. Supplements often earn a bad reputation for being ‘artificial’, but unfortunately sometimes, our food, no matter

Gold prices have tumbled almost 4% in the last two days to $3,311. (AI image) Gold rate today: Gold and silver prices experienced a decline due to profit taking as

Logo of the Indian Premier League. The 2025 edition of the Indian Premier League is set to be suspended on Friday (May 9) as cross-border tensions escalate. The Board of

Robert Francis Prevost, now known as Pope Leo XIV, was on Thursday (May 8) elected as the new pope of the Catholic Church. The Peru national, who was born in

In a historic moment that sent ripples across the globe, Cardinal Robert Francis Prevost from Chicago was elected as Pope Leo XIV on May 8, 2025. This marks the first

KSE 100 had dropped 7.6% to 101,598.91 on Thursday. (AI image) Operation Sindoor: The Karachi stock exchange has shown signs of recovery on Friday, rising 1.9% after experiencing a significant

Trending News

Gold prices have tumbled almost 4% in the last two days to $3,311. (AI image) Gold rate today: Gold and silver prices experienced a decline due to profit taking as

KSE 100 had dropped 7.6% to 101,598.91 on Thursday. (AI image) Operation Sindoor: The Karachi stock exchange has shown signs of recovery on Friday, rising 1.9% after experiencing a significant

Investec maintained its ‘sell’ rating on Punjab National Bankwith the target price cut to Rs 85 from Rs 90 earlier. Analysts said the bank’s net interest margin was weak while

Piyush Goyal (File photo) NEW DELHI: The trade deal with the UK will not just boost bilateral trade but also help create a large number of jobs, commerce and industry

BENGALURU: Netherlands-based global tech investor Prosus invested over $8.6 billion in India, making it one of its strategic markets, CEO Fabricio Bloisi said in a letter to shareholders on Thursday.The

Mumbai: RBI has eased investment restrictions for foreign portfolio investors in the corporate debt market. This move is likely to deepen market liquidity and align India more closely with global

Panel turns down road ministry proposal for 2 tunnels in Jammu & Kashmir | India News

Word Count: 680 | Estimated Reading Time: 4 minutes


Panel turns down road ministry proposal for 2 tunnels in Jammu & Kashmir

NEW DELHI: The proposal to build two tunnels — Singhpora-Vailoo and Sudhmahadev-Dranga — on the Anantnag-Chenani corridor in J&K has hit hurdles, with the expenditure secretary-headed Public Investment Board (PIB) recently turning down recommendation for their construction, citing multiple reasons, including cost. Earlier, the bid for the Singhpora-Vailoo tunnel was scrapped.
Besides the huge cost of around Rs 8,900 crore and that there being an existing road connecting the origin and destination in respect of each of the two packages, the board also recorded that these did not fall under strategic roads of the defence ministry, though officials from the National Highway and Infrastructure Development Corporation Ltd (NHIDCL) under the road transport ministry made such a claim in the March 22 meeting.
Last year, the home ministry had not given clearance to the foreign contractor, which had quoted the lowest amount for the Singhpora-Vailoo tunnel project, resulting in termination of the tendering process. Bids for the project were invited in 2023.
The PIB, which took up the projects proposed by NHIDCL, also recorded that the agency did not provide traffic details on the existing and proposed road between the origin and destination. Sources said the inter-ministerial panel, which appraises all public-funded projects before these are placed before the Cabinet for approval, also took note that there was no evidence of direct benefit out of the two projects.
The PIB also noted that there is a good quality alternative road.
Now, with the PIB turning them down, there is uncertainty of the projects taking off any time soon. Since the finance ministry directed the road transport ministry not to approve any fresh project under Bharatmala, all highway works costing beyond Rs 1,000 crore need to go to the Cabinet for approval after appraisal by the PIB and the Public Private Partnership (PPP) Appraisal Committee in case of fully public-funded and PPP projects, respectively.
“The recent development and observation of PIB has shown how there may be many cases where projects not deserving to be taken up might have been cleared under Bharatmala. If this project had been bid out, these facts wouldn’t have come out,” said a source.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account