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We are planning to award projects worth around Rs 2.25 trillion in the current fiscal

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We are planning to award projects worth around Rs 2.25 trillion in the current fiscal

The National Highways Authority of India (NHAI) is sticking to its target even in the second wave of the pandemic and reiterated its allocation of projects worth Rs 2.25 lakh crore in the current financial year.

NHAI Chairman Sukhbir Singh Sandhu told Business Standard, “For FY 2022, NHAI has set a target of constructing 4,600 km of highways.”

To meet the year-long construction target, roughly 12-13 km of road would have to be constructed daily.

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Sandhu said, ‘Like last year, we are committed to complete our projects in a time bound manner taking all precautions to minimize the impact of COVID and the situation it may lead to.’

NHAI has allocated 141 projects in 2020-21 which is 4,788 kms. This is the highest in three years.

NHAI constructed 4,192 km of national highways in FY 2021. Regarding this, the authority claims that this is the highest ever construction by NHAI in any financial year.

The pace of construction increased by 5 per cent in the financial year 2020-21 from 3,979 km in 2019-20 and was 24 per cent higher than the 3,380 km constructed in 2018-19.

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On construction, if we talk in terms of lane kilometers (kilometers multiplied by number of lanes), NHAI had constructed 18,500 kms during FY21 which works out to 50 lane kilometers per day.

This is 40 percent higher than the 13,243 lane km constructed in 2019-20 and 91 percent higher than the 9,684 lane km constructed in 20218-19.

The Lane Kilometer Matrix was adopted by the Ministry of Road Transport and Highways in April 2018 which is in accordance with the international practice.

At present, construction at various places has been affected due to both the lockdown and workers falling ill in the second wave of Covid.

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However, the situation is not the same across the country. In the states of Uttar Pradesh and Maharashtra, the worst-hit states of Uttar Pradesh and Maharashtra have suffered more damage to the workers present at the site.

News Source: FinancialExpress

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Construction Infrastructure

Equipped to thwart cyber attacks: Banks, insurance firms to Sitharaman

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Equipped to thwart cyber attacks: Banks, insurance firms to Sitharaman

Sitharaman gave banks instructions to keep offering smooth services to customers, even in isolated locations, in cooperation with authorities and security firms as needed. Finance Minister Nirmala Sitharaman received assurances from Indian banks and insurance companies on Friday that they are prepared to stop any cyberattacks by Pakistani outfitted DDoS.

Distributed denial-of-service) systems. “Mock drills covering cybersecurity and disaster recovery scenarios at the highest levels have been held to ensure institutional readiness,” they informed her at a Friday meeting. According to the financial institutions (FIs), they are alert and actively monitoring phishing efforts. In order to guarantee prompt claim payouts.

Continuous customer service, Sitharaman instructed banks to keep offering smooth services to consumers, especially in distant places, in cooperation with regulators and security agencies New Delhi, May 10, 2025 — In a reassuring development for the financial sector, Finance Minister Nirmala Sitharaman on Friday said that banks and insurance companies in India fully.

Speaking at a cybersecurity summit organized by the Ministry of Finance in collaboration with the Reserve Bank of India (RBI) and IRDAI, Sitharaman stated that both public and private sector financial institutions have significantly ramped up their cyber preparedness equipped to counter cyber threats and have strengthened their digital security infrastructure safeguard.

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Rising Digital Transactions, Rising Risk

The Finance Minister’s remarks come in the wake of a growing number of cyber threats targeting the banking and insurance sectors, especially as India witnesses a steep rise in digital transactions. According to official data, digital payments in India grew over 76% year-on-year in FY 2024-25, driven by UPI, mobile banking, and digital policy purchases.

With this surge, the risks associated with data breaches, phishing, ransomware, and unauthorized access have also grown exponentially. Sitharaman emphasized the need for constant vigilance and investment in advanced cybersecurity technologies “Representatives from leading banks and insurance companies have assured the ministry that robust systems.

Institutional Safeguards in Place

The Finance Minister highlighted that both the RBI and IRDAI have issued detailed guidelines on cybersecurity protocols. Regular audits, simulation drills, and incident response mechanisms are now mandatory across institutions “Financial institutions cannot afford to be complacent. Cyber threats are evolving, and our preparedness must stay ahead of that curve.

“Banks are operating with 24×7 Security Operations Centers (SOCs), and insurance companies are also mandated to deploy advanced firewalls and data protection policies,” she noted ” she said real-time monitoring, and preventive frameworks are in place to detect, resist, and respond to cyber attacks,” Sitharaman said customers and operations Sitharaman also.

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Consumer Awareness Key

The minister also urged banks and insurers to invest in customer education. “A large number of cyber frauds happen due to lack of awareness. Institutions must proactively inform and empower users to identify and avoid suspicious links, calls, or messages,” she added mentioned that the government is working closely with the Indian Computer Emergency Response Team (CERT-In) to ensure real-time threat intelligence sharing and coordinated.

As digital finance continues to evolve, Sitharaman reaffirmed the government’s commitment to creating a secure and resilient financial ecosystem for all stakeholders response strategies Finance Minister Nirmala Sitharaman said banks and insurance companies have assured the government of their readiness to counter cyber threats. At a recent cybersecurity summit.

Financial institutions confirmed the implementation of advanced security systems, 24×7 monitoring, and compliance with RBI and IRDAI guidelines. Sitharaman emphasized the need for ongoing vigilance, customer And collaboration with CERT-In to ensure a secure digital financial ecosystem amid rising cyber risks of advanced securit Sitharaman emphasized the need for constant vigilance and investment in advanced.

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