National Waterways Current Affairs, GK & News

National Waterways  Current Affairs, GK & News

New Routes for Inland waterway

The Government of India recently identified new routes for ferry services through inland waterways. This is being done to promote coastal shipping and boost tourism. About the New Routes The new routes include Hazira, Somnath temple, Okha and Jamnagar. Also, destinations along the international routes have also been identified under the Sagarmala Project. The Sagarmala ..

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Bharatmala Pariyojana delayed

The Bharatmala Pariyojana that was scheduled to be completed in 2021-22 is to be completed by 2025-26. The announcement of delay was announced by the rating agency ICRA (Investment Information and credit Rating Agency). Highlights The prevailing COVID-19 crisis could delay the asset monetization plan of National Highway Authority of India (NHAI). Until February 2020, ..

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LADIS Portal Launched

The Inland Waterways Authority of India (IWAI) launched a new portal LADIS – Least Available Depth to aid in ensuring of optimum use of National Waterways. LADIS An assured depth of waterway is required for seamless movement of vessels. The Portal will provide real-time data on least available depths for ship/barge and cargo owners so that they ..

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Lok Sabha passes Central Road Fund (Amendment) Bill, 2017

The Lok Sabha has unanimously passed Central Road Fund (Amendment) Bill, 2017. The Bill seeks to amend the Central Road Fund (CRF) Act, 2000. The CRF Act regulates Central Road Fund (CRF) into which cess levied and collected on high speed petrol and diesel is credited for development of national and state highways. Central Road ..

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IWAI raises Rs. 660 crore through Bonds

The Inland Waterways Authority of India (IWAI) has raised Rs. 660 crore as Fully Serviced Bonds. The oversubscribed bonds were issued through e-bidding on BSE Portal and the entire amount of Rs.660 crore was raised in single tranche at a coupon rate of 7.47%. Key Facts The proceeds from these bonds will be utilized by ..

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