August 06, 2020 00:54 (IST)
Follow us:
New Delhi, June 7 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the proposal for transfer of 4.64 hectares (46384 Sq. meters) of land belonging to the Indian Institute of Soil & Water Conservation (IISWC) Research Centre at Vasad, District Anand, Gujarat under the Indian Council of Agricultural Research to the National Highways Authority of India (NHAI) on payment of compensation amounting to Rs. 12.67 crore for extension and six laning of Ahmedabad - Vadodara Highway on NH-8.
The NH-8 is an important highway connecting Vadodara and Ahmedabad. The transfer of land to the NHAl for construction of extension and six laning of Ahmedabad - Vadodara section of NH-8 is likely to benefit the region leading to enhanced opportunities for: growth and development in terms of infrastructure, transport, communication, employment generation etc.
The decision is also part of the Government's plans to boost infrastructure in key sectors for accelerating the pace of growth,read a government statement.
Latest Headlines
Indian Market: Rupee recovers by 12 paise against USD Wed, Aug 05 2020
Indian Market: Sensex advances by 385 pts Wed, Aug 05 2020
SAIL achieves highest ever July sales Tue, Aug 04 2020
HDFC gets new head, RBI approves Jagdishan as the bank MD and CEO Tue, Aug 04 2020
Indian Market: Sensex jumps 748.31pts Tue, Aug 04 2020
Reliance Industries surges by 7.10 pc to Rs 2151.15 Tue, Aug 04 2020
Record price at mjunction’s Jorhat Tea Auction Centre Tue, Aug 04 2020
Indian Rupee falls four paise against USD Tue, Aug 04 2020
RBI approves Jagdishan's appointment as HDFC Bank new MD, CEO Tue, Aug 04 2020