Ministry of Road and highway

The defence public sector unit registered a turnover of Rs 15,044 crore in 2021-22 against Rs 13,818 crore in 2020-21, and Rs 2,349 crore profit after tax for this year against Rs 2,065 crore in the previous year.

It is a five-year contract spanning from 2023 to 2028 and it is also the biggest ever order received by Bharat Electronics for Avionic Systems. The order includes the supply of critical avionics Line Replaceable Units (LRUs), flight control computers and night flying LRUs, said the Aerospace company HAL.

Ind-Ra said that increased competition in the road sector in FY21, resulting from the National Highways Authority of India's (NHAI) initiative to reduce prequalification requirements, may ultimately lead to a moderation in the quality of roads. "Along with higher order inflows, the sector has also witnessed an increase in competition, resulting in lower-than-expected bid prices," the agency said in a report.

It said that the logistics sector reported a strong recovery over H2 FY2021, a sharp contrast to the steep decline in revenues and earnings reported over Q1 FY2021. The logistics sector had reported a growth of 9 per cent sequentially in Q4 FY2021 It had witnessed a sharp decline in revenues and earnings over Q1 FY2021 due to demand-supply disruptions amidst the imposition of the nationwide lockdown.

Uber and Lenskart are sharing the costs for offering free eye-tests, and subsidised vision correction and reading glasses worth Rs 1 crore to driver-partners across pan-India starting with Delhi NCR, for reducing potential accidents that can be caused by faulty vision.

The Green National Highways Corridors Project will support the ministry construct 783 km of highways in various geographies by integrating safe and green technology designs such as local and marginal materials, industrial by-products, and other bio-engineering solutions. The project will help reduce GHG (greenhouse gas) emissions in the construction and maintenance of highways.