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Highway toll collection doubled in last five years: Transport minister Gadkari
2 weeks, 4 days ago

Highway toll collection doubled in last five years: Transport minister Gadkari

New Indian Express  

NEW DELHI: Toll collection in India has doubled in the last five years. According to the Ministry of Road Transport and Highways, the National Highways Authority of India collected Rs 56,882 crore as highway user fee at toll plazas in the financial year 2023-24. Responding to queries pertaining to the annual revenue generated through toll collection in Rajya Sabha, Union …

Highway Fee User Nhai National Highways Highways Toll Collection
Pre-payment Of Rs 15,700-Crore Bank Loan: How InvIT Helped NHAI Save Rs 1,000 Crore On Interest
4 months, 2 weeks ago

Pre-payment Of Rs 15,700-Crore Bank Loan: How InvIT Helped NHAI Save Rs 1,000 Crore On Interest

News 18  

The National Highways Authority of India, under the Ministry of Road Transport & Highways, generated Rs 15,700 crore in the financial year 2023-24 through its Infrastructure Investment Trust, which was then used for pre-payment to bank loan, and thus helped save Rs 1,000 crore on interest. Retiring this debt ahead of schedule will result in an estimated interest savings of …

India Financial Bank Debt Interest National Highway Crore
NHAI not facing any financial crises: Gadkari
4 months, 4 weeks ago

NHAI not facing any financial crises: Gadkari

Deccan Chronicle  

New Delhi: The National Highway Authority of India is not facing any financial crises and has drawn up a plan to service its debt through improved inflows of toll revenue and asset monetisation, Parliament was informed on Thursday. In a written reply to the Lok Sabha, Union Road Transport and Highways Minister Nitin Gadkari said, "NHAI is not facing any …

Crore Gadkari Invit Rs Nhai
NHAI says ₹3,000 cr. insurance surety bonds issued by insurers so far
7 months, 1 week ago

NHAI says ₹3,000 cr. insurance surety bonds issued by insurers so far

The Hindu  

Insurance companies have issued about 700 insurance surety bonds valued about ₹3,000 crore after Centre makes the instrument on par with bank guarantees for all government procurements. Details were shared by officials at a workshop on implementation of insurance surety bonds in national highway contracts, organised by the National Highways Authority of India in New Delhi. NHAI has received 164 …

Insurance Nhai Bonds Surety Insurance Surety Bond Insurance Surety Bonds Bid Security
Lorry Owners Happy as NHAI Defers Toll Fee Hike
8 months, 3 weeks ago

Lorry Owners Happy as NHAI Defers Toll Fee Hike

Deccan Chronicle  

Hyderabad: Transport vehicles owners heaved a sigh of relief after the NHAI deferred the scheduled increase in toll charges in view of the Lok Sabha elections. Transport unions, especially those representing commercial vehicles, are urging the government not to further burden them with increased toll charges. According to Manchireddy Rajender Reddy of the Telangana Lorry Owners Association, "For a multi-axle …

Nhai Toll Charges Hike Hyderabad Vehicles Owners
Budget 2024: Road Ministry demands 25% hike in allocation - report
1 year ago

Budget 2024: Road Ministry demands 25% hike in allocation - report

Live Mint  

The Ministry of Road Transport and Highways in India has requested a budgetary allocation of ₹3.25 lakh crore for the fiscal year 2024-25 from the Ministry of Finance, which is a 25 percent increase compared to the previous year, according to a report by Moneycontrol. The government aims to maintain minimal market borrowings for the National Highways Authority of India …

India Market Budget 2024 Project Crore Ministry
Haryana: ED makes fresh arrest in ‘fraud’ case linked to NHAI, HSIIDC
1 year, 4 months ago

Haryana: ED makes fresh arrest in ‘fraud’ case linked to NHAI, HSIIDC

Hindustan Times  

The Enforcement Directorate on Wednesday said it has made a fresh arrest as part of its ongoing money laundering investigation linked to alleged financial fraud with the NHAI and the Haryana State Industrial and Infrastructure Development Corporation. A man identified as Chandra Shekhar was taken into custody on August 21 and a special Prevention of Money Laundering Act court sent …

Haryana Ted Chandra Shekhar Fresh Arrest Nhai Hsiidc
Haryana: One arrested by ED in financial fraud case liked to NHAI, state Infrastructure body
1 year, 4 months ago

Haryana: One arrested by ED in financial fraud case liked to NHAI, state Infrastructure body

India TV News  

One accused was arrested in an ongoing money laundering investigation linked to alleged financial fraud with the NHAI and the Haryana State Industrial and Infrastructure Development Corporation, said the Enforcement Directorate on Wednesday. The ED last month arrested Naresh Kumar Sheokhand, a former district revenue officer-cum-land acquisition collector of Panchkula, in this case. Shekhar, in connivance with Sheokhand and others, …

Money Laundering Haryana Nhai
NHAI lays down procedures for extensive road safety audits
1 year, 11 months ago

NHAI lays down procedures for extensive road safety audits

Live Mint  

NEW DELHI: The National Highway Authority of India has laid down extensive policy procedures for carrying out road safety audit and responsibilities has been earmarked for stakeholders for facilitating the audit and for implementation of the recommendations, the Ministry of Road Transport & Highways said in a statement. “During FY2021-22, NHAI undertook safety audit of 16,500 km of national highways …

Safety National Audit Road Nhai National Highways Safety Audit
NHAI’s new NCDs offers nearly 8% returns; Should you invest? MintGenie asks 2 financial advisors
2 years, 1 month ago

NHAI’s new NCDs offers nearly 8% returns; Should you invest? MintGenie asks 2 financial advisors

Live Mint  

The NHAI has launched its new NCDs issue to raise up to Rs 1500 crores. Suresh Goyal, MD & CEO of National Highways Infra Investment Managers said, “The NCD has three different tenures, with three different face values as well as maturity and redemption period with maximum redemption period being 25 years. Goyal said, “The institutional investors including both foreign …

Tax Investment Debt Interest Redemption Investors Invest
Supreme Court Annual Digest 2021-Part 1 [Citations 1 To 250]
2 years, 11 months ago

Supreme Court Annual Digest 2021-Part 1 [Citations 1 To 250]

Live Law  

As the end of year 2021 is nearing, LiveLaw brings to you an yearly Round-up of Supreme Court judgments. Writ Jurisdiction Cannot Be Utilised By A Litigant Only To Take Chance: Supreme Court "In our view, the extraordinary writ jurisdiction cannot be utilised by a litigant only to take chance and then to seek recourse to the other remedy after …

India Karnataka Tamil Nadu Kerala Delhi Supreme Court High Court