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BUDGET MUST ADDRESS OBJECTIVES

BUDGET MUST ADDRESS OBJECTIVES

Last year, roads and highways was the "happening" sector, with a lot of hype and commendable action. Against a target of national highways that turned out to be beyond ambitious, the National Highway Authority of India (NHAI) had only completed construction of 1,156 km by December 2010 at 4.28 km per day-way less than the targeted 7 km-per-day.

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Budget Analysis: Thumbs up … well, almost

Budget Analysis: Thumbs up … well, almost

The infrastructure investment will reach 8.37 per cent of GDP in the terminal year of the 11th Plan (2011-12). Net bank credit to infrastructure has increased by 59 per cent over previous year. However, total FDI inflows during April-November 2010 were 26.67 per cent lower compared to the inflows during the same period in the previous year.

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NHAI, UKTI signs agreement

NHAI, UKTI signs agreement

National Highways Authority of India (NHAI) and the United Kingdom Trade and Investment (UKTI) have entered into an agreement on cooperation for trade and investment in the roads and highways sector in India.

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NHAI's new financial plan

NHAI's new financial plan

The National Highways Authority of India (NHAI) is in the process of preparing a new draft plan as its earlier proposals were rejected by the Planning Commission citing that NHAI would find it difficult to borrow funds from the market.