India Launches National Program to Boost Digital Literacy

CONCOR Opts for Existing Lease Regime

The Container Corporation of India Ltd (CONCOR) has chosen to maintain its current land lease agreements with Indian Railways, foregoing the newly introduced liberal licensing policy. This policy, approved by the Union Cabinet, offers reduced lease charges of 1.5% of the land's market value compared to the existing 6% with annual escalation.

Switching to the new regime would require CONCOR to bid for the 26 terminals it operates on railway land. Despite having the right of first refusal if they are not the highest bidder, this introduces potential competition and uncertainties. Chairma..

40% of Vehicles Uninsured: Centre

The Indian government has disclosed to the Supreme Court that 40% of vehicles on the country's roads are not insured, posing significant risks and financial burdens. This revelation highlights a critical issue in traffic management and road safety. Non-insured vehicles complicate accident claims and legal processes, potentially leaving victims without adequate compensation.

The government is considering stricter enforcement of existing laws and increased public awareness campaigns to address this problem. Enhanced collaboration between insurance companies and the transport department ..

NHAI Launches Highway Maintenance Units

The National Highways Authority of India (NHAI) has set up dedicated units to focus on the maintenance and safety of national highways. This move aims to ensure the regular upkeep of roads, addressing common issues such as potholes, damaged signage, and overall road quality. By prioritising maintenance, NHAI seeks to enhance driving safety and reduce the incidence of accidents on the highways.

These specialised units will be responsible for the systematic inspection and timely repair of highways, ensuring that road conditions are consistently optimal for travellers. The initiative refl..

Ceat, Apollo Tyres to Raise Prices Due to Raw Material Costs

In response to a notable surge in raw material costs during the previous quarter (Q4FY24), tyre giants Ceat and Apollo Tyres have revealed plans to implement price hikes. Officials from both companies cited the escalating prices of key components such as natural rubber, alongside the depreciation of the rupee against the US dollar, as primary factors driving the decision.

Natural rubber prices, a pivotal element in tyre manufacturing, have witnessed a significant uptick in recent months. Moreover, the Indian rupee has depreciated against the US dollar, further exacerbating the financi..

40% of Vehicles Uninsured: Centre

The Indian government has disclosed to the Supreme Court that 40% of vehicles on the country's roads are not insured, posing significant risks and financial burdens. This revelation highlights a critical issue in traffic management and road safety. Non-insured vehicles complicate accident claims and legal processes, potentially leaving victims without adequate compensation.

The government is considering stricter enforcement of existing laws and increased public awareness campaigns to address this problem. Enhanced collaboration between insurance companies and the transport department ..