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The Alternative Mechanism, empowered by the Cabinet Committee on Economic Affairs (CCEA), has approved the highest bid of Rs. 320 crore from Konoike Transport Co. Ltd. for the sale of 100% equity shareholding of MSTC Ltd in Ferro Scrap Nigam Limited (FSNL) along with the transfer of management control.
The much awaited Bharat New Car Assessment Programme will be launched by Nitin Gadkari, the Union Minister for Road Transport and Highways.
According to Union Minister Nitin Gadkari, India has the world's fastest-growing major economy and is on track to reach a $5 trillion GDP by 2024 or 2025.
Following the tragic death of Cyrus Mistry in a car accident, the Center has been considering mandating the usage of rear seatbelts.
Nitin Gadkari asks OEMs to give a discount on the new vehicles after the scrapping of the old vehicles, a new initiative to reduce the pollution rates in the country.
The decision was made in response to the recent passing of business magnate Cyrus Mistry in a fatal auto accident while travelling to Mumbai.
The Board has removed Union Minister Nitin Gadkari and Madhya Pradesh Chief Minister Shivraj Singh Chouhan. They were also pulled out of the central election committee.
The Ola CEO had also shown a demo of the S1 Pro electric scooter to the transport minister.
Nitin Gadkari said the government is aiming for a 50-kilometre-per-day pace for national highway development in the country this fiscal year.
The registration mark will be available for defence personal, central and state government employees, employees of public centre undertakings and private-sector workers.
He stated that he had asked Tesla's CEO to start the manufacturing process locally and export assembled cars from India. He also suggested that Tesla cars in India should be ‘affordable’ and thus priced at Rs.35 lakhs.
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