Presentation on CAG's Bharatmala Pariyojana report to PAC

08 Sep 2023 CW Team

A presentation of the recent Comptroller and Auditor General (CAG) report on the 'Bharatmala Pariyojana' was conducted during a meeting of the Parliament's Public Accounts Committee (PAC), chaired by Congress MP Adhir Ranian Chowdhury, on Tuesday. This development has ignited a political dispute, with opposition parties alleging corruption in the awarding of the highway project's Phase-I implementation.

The Road Transport and Highways Ministry countered the CAG's findings, disputing that the project's cost was exorbitant. They argued that the CAG did not consider the actual cost in their assessment. The presentation on the CAG report took place during the PAC's meeting on Tuesday, and the report itself was tabled in Parliament on August 10.

The PAC, comprised of selected MPs, is responsible for auditing the government's revenue and expenditure. Its primary function is to scrutinize CAG reports once they are presented in Parliament. However, during the meeting, opposition members expressed concerns regarding the 'Bharatmala Pariyojana' report's findings. It should be noted that the report will not be immediately subjected to examination.

This development marks a significant point of contention in Indian politics, as the 'Bharatmala Pariyojana' is a high-profile infrastructure project with far-reaching implications.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..