India's transport sector on the cusp of technological transformation
Transport sector boom propels West Bengal towards economic vitality
West Bengal's transport sector is witnessing a substantial surge in revenue, marking a pivotal moment in the state's economic trajectory. This surge is indicative of a robust economic resurgence, affirming the region's potential for sustained growth and development. The impressive uptick in transport revenue is a testament to the strategic measures and investments made in the state's transportation infrastructure. The enhanced efficiency and expanded services within the sector have not only translated into increased revenue but also contributed to improved connectivity and accessibility for th..
Scania Unveils G500 Super Heavy Tipper at EXCON 2023
Most delayed projects falls under highways & road transport sector
According to a government report, the road transportation and highways sector has the most delayed projects (402), followed by the railways (115) and the petroleum sector (86). As of now, 402 out of 749 projects in the road transport and highways sector are behind schedule. According to the most recent flash report on infrastructure projects for March 2023, 86 out of 145 projects in the petroleum industry and 115 out of 173 projects for railways are both behind schedule.
Based on the data submitted on the Online Computerised Monitoring System (OCMS) by the project implementing ..
PNB Official Accused of Embezzling Rs 5 Crore from Bhopal Firm
The Central Bureau of Investigation (CBI) has charged a Punjab National Bank (PNB) official with embezzling approximately Rs 4.98 crore from a Bhopal-based infrastructure construction company. The head cashier, Mukul Singh, allegedly conspired with a private individual, Vinod Kumar Singh, to commit the fraud.
The incident occurred at PNB?s Delhi Road Branch in Hapur, Uttar Pradesh. According to CBI officials, Mukul Singh, without proper authorization, merged the account of Dilip Buildcon Ltd with that of Vinod Kumar Singh?s company, Star Raze. Subsequently, funds amounting to Rs 4.98 cr..
KMRL's Rs.1.16 Bn Project Delayed Due to Lack of Government Support
The Kochi Metro Rail Limited (KMRL) is experiencing setbacks in its ?1.16 billion project as several government departments have reportedly failed to provide necessary support. The project, aimed at enhancing urban transportation infrastructure in Kochi, has encountered delays due to bureaucratic hurdles and insufficient cooperation from concerned government bodies.
According to sources familiar with the matter, the project's progress has been significantly hampered as key departments have not fulfilled their commitments, including providing essential clearances and approvals. This lack..