India's AI Revolution (See 'Corp Brief') Misc - Appellate Courts shall specify time limit for depositing balance sale consideration, as required in Order XX Rule 12A of CPC, in case of specific performance involving sale/ lease of immovable property: SC (See 'Legal Desk') IBC - Proviso to Sec 61(2) of IBC allows for maximum extension of 15 days in filing of appeal, if sufficient cause is shown: SC (See 'Legal Desk') WTO experts underscore key insights on trade policy and industrial policy linkages (See 'Corp Brief') IBC - Gratuity dues are statutorily protected under Payment of Gratuity Act, and do not form part of liquidation estate of Corporate Debtor under the Insolvency and Bankruptcy Code: HC (See 'Legal Desk') IPR - Infringment of trademark and trade dress calls for permanent injunction: HC (See 'Legal Desk') IBC - Commercial wisdom of CoC to distribute amount under Resolution Plan based on security interest of respective financial creditors, can't be interfered if provisions are duly complied with: NCLAT (See 'Legal Desk') Labour Secy speaks on improving Female Workforce Participation in India (See 'Corp Brief') Mandaviya to inaugurate Office Complex of Zonal Office Telangana (See 'Corp Brief') IBC - Interim moratorium u/s 96 of Insolvency and Bankruptcy Code does not apply to penalty proceedings u/s 27 of Consumer Protection Act: SC (See 'Legal Desk') Global South is driving climate agenda: Yadav (See 'Corp Brief') Broadband connectivity will be provided to all Govt Secondary Schools: PM (See 'Corp Brief') Misc - Only directors responsible for day-to-day affairs and business operations of company, can be made liable for company's default: SC (See 'Legal Desk') CCI okays acquisition of certain shareholding of Schott Poonawalla by TPG Scion (See 'Corp Brief') Misc - Neither partner nor his legal heirs would have exclusive right over firm's property after partner's death or retirement, except share in profit in proportion to contribution made in partnership firm: SC (See 'Legal Desk') CCI approves acquisition of up to 72.8% shareholding of Orient Cement by Ambuja Cements (See 'Corp Brief') Companies Act - There is no reason to register offence u/s 447 of Act of 2013, especially, when allegations and material collected do disclose that main allegations are relating to period when Sec 447 had no application: HC (See 'Legal Desk') CCI approves acquisition of equity of PSP Projects by Adani Infra (See 'Corp Brief') A&C - Scope of interference by Court with arbitral award u/s 34 is very limited, and can't travel beyond to determine whether award is good or bad: HC (See 'Legal Desk') Integrated IT dashboard to streamline flow of ECI information and services (See 'Corp Brief') IPR - If defendants have no real prospect of successfully defending claims in suit, it is fit case where summary judgment in terms of Order XIII-A of CPC can be passed in favour of plaintiffs: HC (See 'Legal Desk') PM appreciates Japan's strong commitment to 'Make in India' (See 'Corp Brief') SEBI - Non-supply of legible copies of documents is such issue which may deprive appellants of ability to defend its case properly: SAFEMA (See 'Legal Desk') CCI okays acquisition by Alpha Wave of 12.44% shareholding in Advanta Enterprises (See 'Corp Brief') Misc - Complaint filed by borrower against bank was not maintainable under Consumer Protection Act as it is pure business-to-business transaction for commercial purpose: SC (See 'Legal Desk')

Print

619 routes connecting 88 airports operationalised under UDAN

Published: Feb 01, 2025

By TIOLCorplaws News Service

NEW DELHI, FEB 01, 2025: THE Economic Survey stated that the capacity addition in physical connectivity sectors stayed on course during FY25. India's development aspirations in the coming decade entail substantial investment in infrastructure, states the Economic Survey 2024-25, which was tabled by Union Finance and Corporate Affairs Minister Nirmala Sitharaman in the Parliament today.  

RAILWAYS

The progress in the expansion of the railway network stayed at levels comparable to the previous year, while the addition of rolling stock increased considerably. The focus on railway station infrastructure and modernisation of locomotives and coaching stock have improved passenger amenities in the railway sector. Indian Railways is also modernising its signalling and safety systems to enhance operational efficiency and safety across its vast network. Elimination of mechanical signaling, Kavach Automated Train Protection system, Electronic interlocking, Automatic Block Signalling, Signal design automation tool for electronic interlocking are some of the initiatives in this regard.

Recent initiatives in the rail system

- Gati shakti multi-modal Cargo Terminal (GCT): 91 GCTs commissioned and 234 locations approved by October 31, 2024.

- Net zero carbon emission: Indian Railways targets 30 GW of renewable energy by 2029-30, with 375 MW of solar and 103 MW of wind commissioned as of October 2024.

- Major economic corridors: 434 projects valued at Rs.11.17 lakh crore have been identified under three railway corridors, mapped on the PM GatiShakti portal.

- Public Private Partnership (PPP): 17 projects have been completed (Rs.16,434 crore) and 8 ongoing (Rs.16,614 crore) under the PPP model

- Vande Bharat trains: Between April and October 2024, 17 new pairs of Vande Bharat trains were introduced to the network, and 228 coaches were produced.

PORTS, SHIPPING AND INLAND WATERWAYS

Port capacity improved significantly in FY25, leading to improvements in operational efficiency and reduction in average container turnaround time in major ports from 48.1 hrs in FY24 to 30.4 hrs in FY25 (April-November).

Initiatives in Ports, Shipping and Inland Waterways Sector

- The Central Government approved 98 PPP projects, including 23 captive projects, worth around Rs.69,800 crore, excluding the Vadhavan Port Project with a PPP investment of Rs.38,000 crore.

- Currently, 56 projects valued at Rs.41,480 crore are operational, increasing port capacity by approximately 550 million tonnes per annum (MTPA).

- In October 2024, the National Maritime Heritage Complex in Lothal was approved, featuring a museum with 14 galleries, the tallest lighthouse museum, India's largest Navy gallery and themed amusement parks.

- The international container transshipment port at Galathea Bay, Great Nicobar Island, has been planned to enhance cargo transshipment from Indian East Coast ports and neighbouring countries.

- Urban Waterways Projects, valued at Rs.1,303 crore, are underway, with 16 of the 30 projects already completed, benefitting over 35 lakh passengers while facilitating the transport of more than 5 lakh vehicles and 1 lakh cargo trucks.

- India is enhancing waterway connectivity to the North-East by developing waterways in Bangladesh and funding 80 per cent of the Rs.305 crore project.

- India is also investing Rs.1,010 crore to improve the Brahmaputra and Barak rivers and the Indo-Bangladesh Protocol route.

ROAD TRANSPORT

India has a total road network of 63.4 lakh km, including National highway (NH) network of 146,195 km. NH network forms the arterial backbone of road transport network as even though it comprises only 2 per cent of total road network yet it carries about 40 per cent of the overall road freight traffic.

Initiatives in Road Transport Sector

- The shift from project-based national highway development to corridor-based approach helped increase the highway length from 91,287 km in 2014 to 1.46 lakh km in 2024.

- Bharatmala Pariyojana, Char Dham Mahamarg Pariyojna, National High-Speed Corridors and 4-lane and above - National Highways.

- Key initiatives undertaken to improve road connectivity include advanced traffic management on highways, establishment of logistics parks, sustainable vehicle scrapping, and ongoing ropeway projects.

CIVIL AVIATION

Airport operators and developers, including the Airports Authority of India, are pursuing a capital expenditure plan exceeding Rs.91,000 crore from FY20 to FY25. About 91 per cent of this has been achieved by November 2024.

Initiatives in Civil Aviation

- Under UDAN scheme, 619 routes connecting 88 airports, including two water aerodromes and 13 heliports, have been operationalised so far.

- The airport's cargo handling capacity has been gradually increasing, reaching 8.0 million MT in FY24

DIGITAL CONNECTIVITY

Digital connectivity has made major advancements in digital inclusion, technological innovation, and regulatory reforms this fiscal year, all in line with the government's vision for a Digital India.

Initiatives in Digital Connectivity

Telecommunications

- By October 31, 2024, 5G services were launched in all states and union territories.

- In August 2024, the Universal Service Obligation Fund was rechristened Digital Bharat Nidhi (DBN). Bharat Net Project, Comprehensive telecom development plan for north-eastern region, Telecom development for Andaman & Nicobar Islands and Lakshadweep Islands, Mobile services in uncovered areas and Aspirational districts scheme are some initiatives under DBN.

Information Technology

- As of November 30, 2024, the National Informatics Centre supports 1,917 applications on its cloud, under MeghRaj, the GI Cloud initiative.

- The government has empanelled 23 public and private cloud service providers to address the cloud needs of user departments.

Economic Survey 2024-25 states that India needs a continued step-up of infrastructure investment over the next two decades to sustain a high rate of growth. Accelerating our efforts to build integrated multi-modal transport, coupled with the modernization of existing physical assets, will improve efficiency and last-mile connectivity.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
taxindiaonline
A Taxongo Website. Copyright © 2016-2022 tiolcorplaws.com All rights reserved.