NGT gives Green Signal to NHAI for Delhi-Meerut Expressway

Delhi: To ease the traffic between Delhi and Meerut (NH-58), NHAI proposed Delhi-Meerut Expressway which starts from National Highway-2 at Ring Road in Delhi and ends at Meerut in Uttar Pradesh. The National Green Tribunal (NGT) granted permission to NHAI to build a bridge and approach roads over the Yamuna river for the project. The Delhi-Meerut Expressway will be built through public- private-partnership mode and slated to be operational by March 2018.

The green panel cleared the decks for the project after taking into account the recommendation of Principal Committee, constituted by the NGT for Yamuna Revitalisation which said that “project may be allowed” subject to fulfilling of certain conditions including increasing the cost of monitoring during construction phase of bridge by nearly Rs 2.5 crore. NGT granted permission to carrying out necessary construction for expansion of existing Nizamuddin bridge, Ring road in terms of the proposed project.

News Source: NGT clears decks for Delhi-Meerut Expressway | financialexpress.com

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Agra-Lucknow Expressway is all set to open on December

expresswayThe much awaited Agra-Lucknow Expressway is all set to open to the public on December 23, 2016. It has been built in a record time and inaugurated last week amidst much fanfare. The 302 km six-lane expressway passes through 4 National Highways, 2 state highways and has an 8-lane bridge across the river Ganga. It connects Agra and Lucknow and expected to reduce the commuting time between Delhi and Lucknow to anywhere between 5 to 6 hours.

The expressway is designed to support speeds up to 120Km per hour. But, the maximum speed allowed is 100 km per hour. The expressway will have automatic traffic management systems and ambulances would be stationed on the expressway. This expressway will connect Kanpur-Unnao, Yamuna Expressway via Agra Ring Road and 236 villages. The expressway is spread across 3500 hectares of land.

News Source: Agra-Lucknow Expressway: Now, drive from Agra to Lucknow in just 3.5 hours from December 23 | Financial Express

India bans Rs 500 and Rs 1000 notes

ban-money

On November 8, Prime Minister Narendra Modi announced demonetisation policy to invalidate Rs 500 and Rs 1,000 notes. The move was to eliminate the rising incidence of fake notes and black money. This will also curb financing of terrorism. According to the news source, old 500 and 1000 rupees notes can be exchanged at any offices of the Reserve Bank of India or at any bank branches or at any Post Office. The move comes soon after the Income Declaration Scheme of the government ended.

According to experts, most of the black money is held in big currency notes. The New Series bank notes of Rs.500/- and Rs.2,000/- denominations will be introduced for circulation from this November 2016.

News source: Full text of govt’s statement on banning Rs 500 & Rs 1,000 notes | Moneycontrol.com