Ratings to be offered to insurers and OEMs to enable them to customise premiums based on driving behaviour, incentives on new vehicle purchases
According to the NCRB report, in 2021, 155,000 people died in accidents on Indian roads. The number was up from 133,000 in 2020. Total accidents reported also rose to 403,000 in 2021, up from 354,000
However, national highway projects are typically executed by large contractors, with only a small proportion sub-contracted to SMEs
Higher interest rates and stiff competition could further weigh on their share prices
It will enhance the carriage capacity of two-wheelers by 40-50 per cent, according to a statement
With detailed project report completed and land acquisition started, work on building India's longest (11.80 km) road tunnel linking Thane-Borivali - passing beneath SGNP will start from March 2022
Gadkari said centre will increase central roads fund to Rs 800 crore from earlier sanctioned limit of Rs 450 crore
NHAI is also identifying choke points in cities, places which require bypasses, flyovers, interchanges
In FY16, the rural development ministry had constructed 36,000 km of road in rural areas, and has fixed a target of 48,000 km for FY17
The road will help in transportation of goods and further development of SMEs in North East India
There is likely to be a substantial Y-o-Y increase in ordering and construction activity in this financial year