The Supreme Court last week ruled that if a successful bidding firm goes back on the contract, it could be blacklisted. In this case, Patel Engineering Ltd, the National Highway Authority of India (NHAI) advertised for a six-lane express way in West Bengal and Orissa and as the firm was the highest bidder it was given the project. However, soon thereafter it informed NHAI of its decision not to undertake
Four months have passed since the National Highways Authority of India (NHAI) raised Rs 10,000 crore through a bond issue but stock brokers are still waiting for their commission payouts.
In what belies the popular notion of a depressed investment environment in the country, the government’s spending on central sector projects commissioned in the first half of the previous
The finance ministry is set to come out with strict guidelines on tax-free infrastructure bonds in this financial year on matters concerning brokerage, commission and spending on advertising. This
The road transport ministry has asked the National Highways Authority of India (NHAI) to ascertain the findings of a report by the World Bank’s Institutional Integrity Unit. According to the
There’s a settled notion that the government cannot work overtime to achieve targets, but this week the National Highways Authority of India (NHAI) hopes to counter that. Assailed, like the
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