STOCK MARKET BSE NSE

Upgradation of national highways get Cabinet nod

The highways are spread over in Himachal Pradesh, Rajasthan, Uttar Pradesh and Andhra Pradesh.

Published: 14th March 2020 07:26 AM  |   Last Updated: 14th March 2020 07:26 AM   |  A+A-

The project is partly funded by the World Bank.

By Express News Service

NEW DELHI: The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved rehabilitation and upgradation of over 780 kms of the national highways at a cost of Rs 7662.47 crores.

The highways are spread over in Himachal Pradesh, Rajasthan, Uttar Pradesh and Andhra Pradesh. The project is partly funded by the World Bank.

“This project will set new standards for green highway projects in the form of green cover, utilisation of reusable material in laying roads,” said Union Minister Prakash Javadekar, while briefing reporters about the Cabinet decision.

Javadekar also said that the Cabinet has decided to hike the dearness allowance from the existing 17 per cent to 21 per cent which will benefit 1.13 crore existing and former employees at a cost of Rs 14,595 crores. The measure will benefit 48 lakh employees and 1.65 lakh pensioners, said Javadekar.

The CCEA also has given approval for the Minimum Support Prices (MSPs) for copra for 2020 season. The MSP for Fair Average Quality (FAQ) of milling copra has been increased to Rs 9,960 per quintal for 2020 season from Rs 9,521 per quintal in 2019. 

Stay up to date on all the latest Nation news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp