Nitin Gadkari

According CNBC-TV18 analysis, Gadkari's proposal could cost the exchequer more than Rs 20,000 crore, five-times more than what the UK government's 2009 scrappage scheme cost.

To propel economic growth, the government has set an Ambitious target of awarding highway projects worth Rs 3.5 lakh crore in next six months besides creation of 25 lakh jobs in the shipping, road, transport and highways sector, Union Minister Nitin Gadkari said on Thursday.

Union road highways minister Nitin Gadkari says he is confident that India will be building 30 kilometres of highways in a day, before the BJP government completes two years in office.

Speaking about roads minister Nitin Gadkari's vision, Manipal University chairman Mohandas Pai said technology will be at the core of every road, transport and shipping initiatives.

In an interview with CNBC-TV18‘s Latha Venkatesh and Reema Tendulkar, YD Murthy, Exec VP - Finance, NCC, said the government was looking to tweak the public-private partnership (PPP) model for infrastructure projects, as outlined by Finance Minister Arun Jaitley during the Budget.

In the new PPP model, 40 percent equity will be from the government, says road minister Nitin Gadkari.

RV Kanoria believes Land Acquisition Bill cannot be dealt in bits and pieces as it is a big sentimental issue and will affect lives of majority of Indians as agriculture still remains the primary occupation of the people of this country.

Calling the land ordinance pro-poor and pro-rural India, Roads and Transport Minister Nitin Gadkari said that farmers have got Rs 2,000-crore compensation post ordinance.

The Roads Ministry plans to award Rs 8500 crore of projects this year, 13 of them under the hybrid annuity project model proposed last week.

Economist Bibek Debroy and former DRDO chief VK Saraswat were appointed as full-time members by Prime Minister Narendra Modi who will be the Chairman of the body that replaces the 65-year-old Socialist-era Planning Commission.

Nitin Gadkari hopes to get Cabinet nod for changes to the Motor Vehicle Act soon, which he adds would be based on the US and UK norms. He hopes to move amendments to the Act in this session.

Earlier this month, Arun Jaitley, Finance Minister said, “This government wants 100 smart cities but for that to happen we have to amend the land law. We'll try for consensus but if its doesn't happen then we'll push it through.”

The new MV Act should be tabled in Parliament in the next session. It will also probably contain norms for e-rickshaws which have been banned by the Delhi High Court unless a proper law was in place to govern issues such as weight and safety parameters.

With an eye on attracting investments in the inland waterways sector, government is looking at facilitating more funding in that space to make it economically viable for business.

All eyes will be on the fledgling Aam Admi Party (AAP) as Delhi votes on December 4 in the Assembly elections in which Bharatiya Janata Party (BJP) is seeking to stop Congress from clinching a record fourth win even as the entry of Arvind Kejriwal's AAP has changed the dimension of the fight.

CNBC-TV18 learns that Registrar of Companies (RoC) Mumbai has found several prima-facie violations of the Companies Act and have sent a notice to the Purti group as well.

Stock-analyst SP Tulsian of sptulsian.com explains that Dish TV and United Spirits are good shares to trade in on the increased possibilities of the cable-TV industry‘s conversion to digital format proceeding as per schedule and the sale of stake in Uniter Spirits to Diageo.

After real estate company, Peninsula Land gave a 50 percent return in the last three days, SP Tulsian of sptulsian.com says he will book his profits in the company.

Anti-corruption activist Arvind Kejriwal on Wednesday accused Nitin Gadkari, the president of the Bharatiya Janata Party, of being involved in an irrigation scam in his home state of Maharashtra.

The Bharatiya Janata Party (BJP) has been a party of reforms and ever since it lost its power in 2004, it‘s a party which is trying to call it again.