Gold
RBIs Investment in IIFC UK Subsidiary Drops in FY23-24
The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com
Gadkari issues warning to contractors over poor road maintenance
Union Road Transport and Highways Minister Nitin Gadkari strongly criticized agencies and contractors for their failure to maintain roads adequately. He stated that while good operators would be rewarded, those delivering poor work would be "driven out of the system." "We will not spare you. We will ensure that the bank guarantees of those performing inadequately are forfeited, and you will be blacklisted from applying for new tenders," he warned. Gadkari’s remarks followed his observations of the poorly maintained Eastern Peripheral Expressway, which he used to reach Ghaziabad for the inaug..
SC halts bulldozer demolitions nationwide until Oct 1
The Supreme Court of India issued a stay on bulldozer demolitions across the country until October 1, prohibiting such actions without its approval, except in cases involving public roads, water bodies, and railway lines. The court stated it would establish guidelines regarding when and how properties can be demolished according to municipal laws. Last week, a bench comprising Justices Hrishikesh Roy, Sudhanshu Dhulia, and SVN Bhatti criticized the concept of "bulldozer justice," asserting that such threats of demolition are unacceptable in a nation governed by law. This ruling came in respons..
CIDCO invites tenders for Kharghar-Belapur coastal road project
The City and Industrial Development Corporation (CIDCO) has announced the invitation of tenders for the Kharghar-Belapur Coastal Road project in Navi Mumbai. This initiative aims to enhance connectivity and promote regional development in the area. The project is expected to include various infrastructural improvements to facilitate smoother traffic flow and better accessibility. Interested contractors can submit their bids as per the specified guidelines. CIDCO has outlined the project details, including timelines and requirements, on its official website. This coastal road is part of a broad..
