• National Highways Authority of India (NHAI) has charted a Rs 3.10-lakh crore plan to build 22 greenfield expressways as part of a plan to decongest major cities, Union minister Nitin Gadkari said.
  • Of the 7,500 km new roads, NHAI plans to build six expressways of 2,250 km, entailing an investment of Rs 1.45 lakh crore, while another 16 greenfield corridors with aggregate length of 5,250 km will require an investment of Rs 1.65 lakh crore.

The asset manager BlackRock’s announcement that it will pull out its investments in companies that get 25% their revenues from thermal coal production, besides making no future direct investment in such firms, could shrink the bouquet of investors for players like NTPC, the Adani group and Coal India (CIL).

  • The government said it is initiating the process of coal auctions and the first round of sale of blocks under commercial mining is proposed to be launched in the ongoing fiscal.
  • The government has approved an ordinance to ease mining laws that will allow global players to enter the coal sector.
  • Concerned over rise in imports in the ‘others’ category, Commerce and Industry Minister Piyush Goyal asked those importers to seek HSN or tariff code within 30 days from the foreign trade office, failing which the government would impose strong restrictions on their inbound shipments.
  • India is planning a new law to safeguard foreign investment by speeding up dispute resolution, aiming to attract more capital from overseas to boost stuttering domestic growth, officials told.