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    NATIONAL HIGHWAY

    Road ministry doubles performance security for bridge monitoring contracts to 10%

    The ministry of road transport and highways has raised the performance security for bridge monitoring projects to 10%. This change aims to ensure higher safety standards and prevent bridge collapses in the future. Additionally, the time for making changes to the bid document has been reduced significantly from two weeks to three days. The refund of security amounts has also been adjusted, benefiting the concessionaires over time.

    Delhi commuter stops to pay toll at plaza, booth staff behaves badly, NHAI orders agency to pay Rs 15 lakh and stop operations within two days

    NHAI has fined Riddhi Siddhi Associates Rs 15 lakh after its personnel allegedly misbehaved with a road user at Delhi's Bijwasan Fee Plaza on November 5. The authority has directed the agency to hand over operations to a new operator by November 14 and issued a notice proposing a one-year debarment.

    CII summit puts spotlight on Naidu's importance as key NDA ally, Centre's show of strength

    The CII Partnership Summit is scheduled for November 12-13 in Visakhapatnam, featuring key Union ministers and the Vice-President of India. This event aims to solidify N Chandrababu Naidu's role as a crucial ally of the NDA. Naidu will deliver the keynote address while discussions will focus on various economic issues. Ministerial participation will showcase potential investment opportunities in Andhra Pradesh.

    Ashoka Buildcon shares rally 14% after securing Rs 866 crore NHAI contract for Vadodara-Mumbai Expressway

    Ashoka Buildcon's shares surged after securing a significant NHAI contract for the Vadodara-Mumbai Expressway. The company will complete the construction work on the Karvad-Jujuwa section with an 18-month execution timeline. The contract is valued at Rs 865.90 crore, excluding GST, with a 10-year defect liability period. Additionally, the firm's Q2 profit and total income both increased slightly compared to the previous year.

    Russian Paraglider rescued from high-tension power lines in Himachal's Mandi
    Karnataka Minister Patil blames Centre's UDAN policy for Shivamogga flight suspension, says aviation policy set for Cabinet nod

    Karnataka is preparing to present a new civil aviation policy aimed at enhancing regional connectivity and airport management. The policy suggests financial help and viability gap funding to bolster state-operated airports. Minister MB Patil criticized the Centre for inadequate support related to flight operations. He held the Union government accountable for the ethanol production crisis affecting local sugar mills.

    The Economic Times
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