ICRA Warns of Rising Competition for UDAN Scheme from Vande Bharat Trains

UDAN

Launched in October 2016, the UDAN scheme or ‘Ude Desh ka Aam Naagrik’, aimed to uplift regional air connectivity of the country. It had offered air travel with affordability by making connections for many underserved and unserved airports across India. However, to date, it has just touched the very scratch of what’s needed, concluded ICRA – an Indian credit rating …

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NHAI Begins Road Widening Near Old Katol Naka, Set to Complete by April 2025

NHAI

NHAI has initiated an important road widening work from Old Katol Naka to Fetri. It has been one of the much-needed works in order to relieve the congestion caused due to the narrow width of the road, thus reducing road safety. For a long time, it was one of the issues which faced the motorists because of the very narrow …

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Adani- Related Firms Propose Settlement in SEBI’s Shareholding Probe

Adani

In an attempt to settle the ongoing allegations over the public shareholding norms, many of the groups associated with Adani have moved settlement applications with the Securities and Exchange Board of India (SEBI). These allegations are against the listed companies of the Adani Group that failed to abide by the mandated public shareholding norms. To date, SEBI is examining the …

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Jorhat-Majuli Bridge: Road Transport Ministry to Engage New Contractor, Says Assam CMO

Jorhat-Majuli

There were several setbacks along the way.” The mega infrastructure project of the Brahmaputra River Jorhat-Majuli bridge connecting Majuli to Jorhat in Assam has been replete with obstacles. The Ministry of Road Transport and Highways recently made a very important decision; that is, to replace the current contractor engaged in the project, which stalled work on September 2023. After several …

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V.O. Chidambaranar Port Plans Mega Container Terminal with New Tender Release

Sea Port

The ambitious container terminal project of V.O. Chidambaranar Port Authority, headquartered at Thoothukudi in the state of Tamil Nadu, has once again gone in for a fresh tender. This time around, the port authority is looking at private investment to the tune of ₹7,055.95 crores to design and construct a 4-million-TEUs-capacity container terminal at its outer harbour of the port-a …

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