Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
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SC resolves Char Dham road width issue; order awaited - Jayashree Nandi
-Hindustan Times While the Centre has been arguing for a two-lane highway with seven-metre carriageways, some HPC members contended that such a broad width would be dangerous for the fragile Himalayan ecology because it is highly susceptible to landslides A Supreme Court (SC) bench on Tuesday heard Ravi Chopra, the chairman of the high-powered committee (HPC), which is reviewing the Char Dham highway project in Uttarakhand, and accepted the final report submitted...
More »Adopt a green growth strategy to boost the sluggish automobile sector
Among the measures announced by the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman on 23rd August, 2019 to arrest economic downturn, the following are noteworthy: * Allow Bharat Stage IV (BS-IV) vehicles (which are purchased till 31st March, 2020) to remain operational for the entire period of registration; * Government shall lift the ban on purchase of new vehicles for replacing all old vehicles by its various departments; *...
More »Transport ministry, petitioners argue on requirement of environment clearance for Char Dham project -Seema Sharma
-The Times of India DEHRADUN: The Ministry of Road, Transport and Highway (MoRTH) in their affidavit submitted before the National Green Tribunal(NGT) in matter of Char Dham widening road in Uttarakhand stated that in all the total 53 projects/stretches of Char Dham, none is above 100 km which is why no environmental clearance was obtained. NGT bench headed by justice Jawed Rahim pulled up MoRTH as well as state government on...
More »Green plan for highways: 1% project cost to be set aside to plant trees -Anil Sasi & Sharmistha Mukherjee
-The Indian Express Planting fruit-bearing trees specific to the region can aid revenue generation The road ministry has finalised a “green highways” policy to “tree-line” 140,000 kilometres of national highways. Under this policy, one per cent of the civil cost of national highway development projects will have to be set aside for the planting of trees in a planned manner, covering both existing NH sections and new routes that would be added...
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