Changes in the works to make roads surety bonds lucrative: Nitin Gadkari
Insurance surety bonds can be used as a substitute for bank guarantees in government procurement tenders. The Insurance Regulatory and Development Authority of India (IRDAI) had issued guidelines for these bonds and allowed their issuance from April 1, 2022. Key Points
Economic TimesIn talks with industry players for development of economically viable electric highways: Nitin Gadkari
Union minister Nitin Gadkari on Wednesday said he is in discussion with industry players on development of economically viable electric highways. The minister for road transport and highways highlighted the need to develop import substitute cost-effective, pollution-free and indigenous technology , asserting that sustainable development is the ultimate goal. Key Points
Economic Times