December 2016 Current Affairs

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Union Government to invite bids soon for 36 inland waterways

Union Government to invite bids soon for 36 inland waterways
11 October 2016 Current Affairs: The Union Government is going to soon float tenders to invite bids for the development for 36 inland waterways projects in the first phase. This move will help to tap the huge potential in the so-far-untapped inland waterways transport segment despite India being endowed with natural rivers suitable for it.

Earlier, Parliament had enacted a legislation allowing 106 rivers across the country to be converted into National Waterways (NWs) in addition to the existing 5 such NWs. 

The law was enacted in a bid to boost movement of goods and passengers via rivers and reduce transportation costs substantially.

It is environment-friendly and cost-effective mode of transportation. It will reduce the logistics costs significantly which are currently as high as 18% in India. India has huge natural geographical potential for inland waterways as 14,500 km of river channels are navigable. 

Development inland waterways can spur industrial growth and tourism potential along the waterway especially in plain areas of North India. 

The statutory status to the inland waterways would pave for investments in inland waterways transportation sector which has been neglected in the past. It would provide a cheaper mode of transport and reducing traffic burden and congestion on roads and railways.


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



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