Latest news with #AjayTamta
Time of India
7 days ago
- Business
- Time of India
Union min Tamta inspects key infra projects in Mizoram
Aizawl: Union minister of state for road transport and highways Ajay Tamta conducted a detailed assessment of infrastructure projects and public amenities in Mizoram during his recent state visit. The minister inspected the ongoing construction of a 100-metre arch bridge over the Tlawng River along the Aizawl-Lengpui airport route and NH-108 connecting Aizawl with Mamit district. He reviewed the progress with contractors and PWD officials, setting a completion deadline of Sept 2025. During his visit to the upcoming Sairang railway station site, he stressed the importance of rapid implementation to enhance regional transport links. At the planned Aizawl bypass location, Virender Jakhar, ED (Projects), RO Aizawl, provided a thorough presentation on the project's layout and essential features, designed to reduce traffic and improve urban movement. The western bypass construction is funded through PM-DevINE. According to MoRTH's press release, transport links have seen substantial improvement, with over 1,000 km of national highways developed, including 620 km completed by NHIDCL. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo In four years, NHIDCL has completed works worth over Rs 13,000 crore across these 620 km. Additionally, Rs 6,400 crore has been allocated for upcoming NHIDCL projects. The Aizawl-Tuipang Highway and Seling-Champhai Corridor have enhanced connections to Myanmar, Bangladesh, and neighbouring states including Assam, Tripura, and Manipur, facilitating commerce and transportation. Two significant bypasses are under construction in Aizawl — a 34.5-km eastern bypass under Bharatmala Pariyojana with a 2.4 km tunnel by NHIDCL costing Rs 2,300 crore, and a 45-km western bypass under PM-DevINE scheme worth Rs 500 crore by state PWD. Both projects target completion by 2028. Railway development gained momentum after 2014. Mizoram connected to the Broad Gauge network at Bhairabi in 2016. Aizawl will join the national railway network with the completion of the Bairabi-Sairang line, expected to operate by July. Sairang station's modernisation under the Amrit Bharat Scheme represents a significant milestone for regional connectivity. The housing sector has seen 48,000 homes constructed under PMAY. Aibawk town became India's first completed urban cluster, while Aizawl receives Rs 513 crore for development under Smart Cities Mission. JJM has provided tap water to over 1.24 lakh households. Healthcare access has expanded with 5.17 lakh Ayushman Bharat beneficiaries and 15 Jan Aushadhi Kendras. A State Medical College and Horticulture College are being established with Central support. A new 100-bed hospital at RIPANS will enhance tertiary healthcare. RIPANS, near Aizawl, serves northeast students in nursing, pharmacy, and paramedical programmes. Financial inclusion shows progress with 4 lakh Jan Dhan accounts, 53% held by women. PM Mudra Yojana has distributed Rs. 2,635 crore to 1.58 lakh beneficiaries, primarily SC/ST and women. PM SVANidhi supports 2,500 street vendors, with 8.8 lakh people covered under social security schemes. Economic growth continues through the Rs. 10,037 crore UNNATI 2024 scheme and increased tax allocation of Rs. 7,112 crore for 2025-26. Tourism receives Rs. 200 crore under Swadesh Darshan and PRASAD. Youth engagement occurs through Paryatan Mitra and Apna Radio 90.0 FM. Mizoram's development demonstrates the government's dedication to balanced regional growth. With central support, the state advances towards enhanced connectivity and prosperity.
Business Standard
13-05-2025
- Automotive
- Business Standard
Driving Change: TSL Foundation Successfully Hosts India's First Indian Road Safety Alliance CoP
VMPL New Delhi [India], May 13: TSL Foundation successfully hosted the First Annual Convention of Parties (CoP) of the India Road Safety Alliance (IRSA) at Le Meridien, New Delhi, bringing together key stakeholders to address India's road safety challenges. The convention aimed at strengthening policy frameworks, fostering multi-sectoral collaboration, and drive innovative solutions to reduce fatalities on the road in alignment with global safety standards and India's Sustainable Development Goals (SDGs). This event was graced by several esteemed dignitaries from India, including Shri Ajay Tamta, Hon'ble Minister of State, Ministry of Road Transport and Highways; Shri Shripad Naik, Hon'ble Minister of State, Ministry of New and Renewable Energy; Shri Yogender Chandoliya, Hon'ble Member of Parliament; Shri Nitin Agrawal, Hon'ble Minister of State (Independent Charge), Excise Ministry; Smt. Meenakshi Lekhi, Former Union Minister, Ministry of External Affairs; Smt. Vimala R., Senior Official; along with other senior government officials, policymakers, corporate and civil society representatives, and academic experts. Shri Ajay Tamta, Hon'ble Minister of State, Ministry of Road Transport and Highways, stressed the importance of advanced infrastructure and technology-driven policy reforms: "Our approach to road safety must evolve beyond traditional awareness campaigns. Embracing smart technologies and enhancing infrastructure design will be pivotal in reducing road fatalities and ensuring a safer transportation ecosystem." Shri Shripad Naik, Hon'ble Minister of State for New and Renewable Energy, emphasized the synergy between road safety and sustainable energy solutions, stating: "Road safety and clean energy are inherently interconnected. The adoption of green technologies, such as electric vehicles (EVs) and solar-powered smart traffic systems, not only enhances transportation safety but also contributes to the reduction of carbon emissions. It is imperative to prioritize sustainable and environmentally responsible solutions in road safety initiatives. In this regard, the efforts of IRSA and TSL Foundation are highly commendable, as they represent a significant step toward integrating modern technology and sustainability into road safety frameworks." Smt. Meenakshi Lekhi, Former Union Minister, Ministry of External Affairs, underscored the importance of community engagement in road safety, stating: "Road safety goes beyond infrastructure and laws--it requires active community participation. Engaging local communities, civil society, and youth can turn it into a mass movement. Recognizing it as a shared responsibility is key to safer roads. I commend TSL Foundation and IRSA for leading this initiative and am confident it will drive impactful policies and interventions." Shri Yogender Chandoliya, Hon'ble Member of Parliament, North West Delhi, emphasized the critical role of grassroots engagement: "Local communities and civic organizations must be at the heart of our road safety initiatives. Their active involvement is essential to drive lasting behavioral change and cultivate a culture of safety that benefits every generation." Shri Nitin Agrawal, Hon'ble Minister of State, Excise and Prohibition Department, participated in the event virtually and stated: "Road safety is a serious social and public health concern requiring collective action. The Uttar Pradesh government is enhancing safety through awareness campaigns, strict anti-drunk driving measures, ambulance network expansion, and legal protection for Good Samaritans. I commend IRSA for uniting stakeholders to strengthen road safety efforts." Vimala R, Resident Commissioner & Secretary, GoM, Maharashtra Sada, New Delhi, highlighted the importance of research and data-driven policymaking: "Accurate data collection and analysis are crucial to devising targeted road safety interventions. Academic institutions and research bodies must play a pivotal role in shaping policies." Shri Sahil Arora, CEO, TSL, emphasized the vision behind establishing IRSA and the CoP as a collaborative platform: "The First Annual CoP of IRSA was conceived to unite key stakeholders in road safety, fostering dialogue and partnerships that drive impactful change. By creating a dedicated platform for collaboration, we aim to build a sustainable ecosystem for policy innovation and implementation." Shri Adesh Gupta, Director Advisory Board, TSL, highlighted the long-term goal of the initiative: "IRSA and the CoP were envisioned to bridge gaps between policy, industry, and grassroots efforts in road safety. This platform is not just about discussions but about forging sustainable and scalable interventions that lead to real, measurable impact on the ground." The convention featured four expert-led panel discussions, bringing together policymakers, corporate leaders, academics, and civil society representatives to address key road safety challenges. Discussions focused on adopting a Safe Systems Approach to reduce fatalities, fostering cross-sector collaborations to drive impactful interventions, leveraging technologies for smarter traffic management, and exploring behavioral insights to influence driver compliance. These sessions provided a comprehensive, multi-stakeholder perspective on strengthening road safety frameworks in India. The First Annual CoP of IRSA represented a landmark step in transforming India's road safety landscape. By bringing together decision-makers, innovators, and community leaders, this convention aimed to catalyze meaningful policy action and create safer roads for all.
Hans India
01-05-2025
- Business
- Hans India
Capital markets play key role in propelling growth: Ajay Tamta
New Delhi: Minister of State Road Transport and Highways Ajay Tamta on Thursday emphasised the significant contribution of capital markets and commodity markets in financing the economy. Addressing the PHDCCI annual convention on Capital Market & Commodity Market, the minister highlighted that India takes pride in having the largest road network, supported by a budget of Rs 3 lakh crore. He mentioned the recent breakthrough in the Silkyara Tunnel and India's adoption of advanced technologies, further strengthening the country's market. He asserted that the combined strength of the government and industry will make Viksit Bharat a reality. He pointed out that the country's road network has significantly improved, with all-weather roads being built, and the capital markets have a crucial role to play in the development. Further, he appreciated the vision of GIFT City under the leadership of Prime Minister Narendra Modi, where India is setting ambitious goals. He discussed that road networks are now connecting villages to major cities and capitals through new greenfield and elevated roads projects. Shekhar Chaudhary, Director Financial Market Division of the Ministry of Finance said that for Viksit Bharat, the government understands that a major part of investments must be routed through capital markets. He highlighted how fast India has dematerialised securities. Post-pandemic, individual investor participation has grown significantly. India has seen a surge in IPOs from startups. Going forward, regular dialogue between Government, regulators, and financial markets is essential to strengthen this ecosystem, he added. Ashok Agarwal, Executive Chairman & Founder, Globe Capital Market Ltd., speaking on the contribution of capital markets, said that in 2000, the total deposit was Rs 10 lakh crore, which has now increased to Rs 225 lakh crore that is 22.5 times higher. He emphasised that road construction requires capital, for which the capital market is essential. To achieve the vision of Viksit Bharat, India's per capita income needs to grow 10 times, from $2,100 to at least $21,000, requiring a GDP of around $25–30 trillion. Capital markets will play the biggest role in this growth. He also said that we need systems and instruments where interest rates are decided in India itself. The market capitalisation now stands at $5 trillion, which is double that of bank deposits, indicating why deposits are flowing more into capital markets because of higher returns. On average, returns in capital markets are 10 times higher than those from bank investments. Pranjal S Jayaswal, General Manager, SEBI, elaborated on the role of financial markets and SEBI in building Viksit Bharat, and how to remain resilient against external shocks. SEBI's mandate includes market regulation, development, and investor protection.
