English हिन्दी
Connect with us

India News

India’s bullet train project to be delayed by 5 years, says report

The Narendra Modi government’s ambitious Rs 1.08 lakh crore Mumbai-Ahmedabad bullet train project is expected to be delayed by 5 years, according to a report in The Indian Express. The project, which was expected to be completed by December 2023, is now expected to be completed by October 2028.

Published

on

The Narendra Modi government’s ambitious Rs 1.08 lakh crore Mumbai-Ahmedabad bullet train project is expected to be delayed by 5 years, according to a report in The Indian Express. The project, which was expected to be completed by December 2023, is now expected to be completed by October 2028.

Among the many issues plaguing the project, not many of which seem to be environmental concerns, the lack of interest among many Japanese companies to participate in a key stretch of the corridor seems to be the main concern, said an unnamed official. The project is being implemented by the National High Speed Rail Corporation Limited (NHSRCL), a new company, which has the Railways Ministry and the governments of Gujarat and Maharashtra as stakeholders.

The report said another reason cited for the delay has been the escalating cost of the project. With bidders quoting figures almost 90 percent higher than the estimate given by the project consultants, officials expect the project delays to peg it further to 2028.

While the government was keen on getting parts of the project running by 2022 to coincide with the 75th Independence Day, officials said that the deadline is still in place. The 508-km rail corridor is being built on a loan from Japan at 0.1 percent interest, with a moratorium of 15 years.

The total cost of the project is pegged at Rs 1.08 lakh crore and as per the shareholding pattern, the Government of India is to pay Rs 10,000 crore to NHSRCL. The Gujarat and Maharashtra governments are to pay Rs 5,000 crore each. The rest is to be paid by Japan through a loan at 0.1% interest.

The report said the delay is due to the discussions on the building of a 21-km underground stretch which would require high-tech boring machines so as not to disturb a sanctuary of flamingos in Maharashtra. Japanese companies with expertise are said to have not shown great interest in it. Besides, only 2 manufacturers have been interested in bidding for the rolling stock and they are keen on submitting a joint bid which would render a one-bid contract, which requires approval from higher up in the government.

Read Also: China puts all blame on India, Defence Ministry points to Beijing’s unilateral action

The report added that a clearer picture would emerge only after the next Joint Committee Meeting between the two countries. But the outbreak of the Covid-19 pandemic has put paid to the meeting of the Indian-Japanese joint committee, the Express reported. 

India News

Vijay appoints astrologer Radhan Pandit as OSD, sparks criticism from allies

Published

on

Actor vijay

Tamil Nadu Chief Minister C. Joseph Vijay has appointed astrologer and TVK spokesperson Radhan Pandit Vettrivel as Officer on Special Duty (OSD) to the Chief Minister, a move that has sparked criticism from allies and opposition leaders.

Radhan Pandit, who had publicly predicted a major electoral victory for Vijay and the Tamilaga Vettri Kazhagam (TVK) ahead of the 2026 Tamil Nadu Assembly elections, has been considered a close aide of the Chief Minister during the party’s election campaign.

The appointment drew sharp reactions from leaders within the Congress and Left parties. Congress MP Sasikanth Senthil questioned the decision in a post on X, asking why an astrologer required an OSD position in government.

Leaders from the Viduthalai Chiruthaigal Katchi (VCK) and CPI(M) also criticised the move, arguing that such appointments go against the principles of scientific temper and secular governance.

According to reports, Radhan Pandit was among the first people to visit Vijay’s residence after TVK’s strong performance in the assembly elections. He has also been associated with the party as a spokesperson and political commentator.

The controversy comes amid rapid political developments in Tamil Nadu following the formation of the new TVK-led government.

Continue Reading

India News

Maharashtra opposition seeks all-party meeting over PM Modi’s austerity appeal

Published

on

Sharad Pawar

Maharashtra opposition parties on Tuesday demanded an all-party meeting after Prime Minister Narendra Modi appealed to citizens to adopt austerity measures amid rising concerns over the ongoing West Asia crisis.

The prime minister recently urged people to avoid non-essential gold purchases, reduce petrol and diesel usage, postpone foreign travel and consider work-from-home practices to help minimise the economic impact of global uncertainty.

Leaders from opposition parties in Maharashtra said the Centre should hold detailed discussions with political parties and explain the broader economic situation to the public. They raised concerns over the possible impact of geopolitical tensions on fuel prices, inflation and the overall economy.

Some opposition leaders also questioned the timing of the austerity appeal, saying citizens deserve greater clarity on the government’s plans to tackle any economic challenges arising from the crisis in West Asia.

Meanwhile, BJP leaders defended the prime minister’s remarks, describing them as precautionary steps aimed at reducing pressure on foreign exchange reserves and controlling inflationary risks linked to global supply disruptions.

The debate comes as concerns grow globally over energy supplies and rising crude oil prices due to tensions in West Asia.

Continue Reading

India News

India has 69 days of crude oil and LNG reserves, 45 days of LPG stock, says Hardeep Puri amid West Asia crisis

Published

on

Hardeep singh puri

India has sufficient fuel reserves and there is no supply shortage despite the ongoing conflict in West Asia, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Tuesday.

Addressing the CII Annual Business Summit, the minister said the country currently has crude oil and LNG reserves that can last for 69 days, while LPG stocks are sufficient for 45 days.

Puri also said LPG production has been increased from around 35,000-36,000 tonnes per day to nearly 54,000 tonnes per day to ensure uninterrupted supply during the ongoing geopolitical tensions in West Asia.

The minister dismissed fears of any immediate restrictions or disruption in fuel availability and said there is “no supply issue” in the country.

His remarks came after Prime Minister Narendra Modi urged citizens to reduce unnecessary fuel consumption and avoid non-essential foreign travel to help conserve foreign exchange reserves amid rising global energy prices linked to the West Asia conflict.

The government has also said there are no plans for fuel rationing and that India’s energy supply position remains stable.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com