Land acquisition cost doubles, fund crunch hits ORR project amid delays
As per the Right to Fair Compensation and Transparency in Land Acquisition Act, beneficiaries are entitled to 12 per cent annual interest on delayed payments, calculated from the date of land possession to the date of actual compensation. Initially, the estimate for land acquisition stood at around Rs 1,800 crore with the state and Centre chipping in 50 per cent, each.
The project, which requires 314 hectares of land across 24 villages, has been stuck for over three years with the land owners clamouring for compensation. The recent estimates show that the cost of land acquisition has escalated more than 100 per cent, severely impacting the project.
According to official sources, the land acquisition procedures took off around three years ago and the National Highway Authority of India (NHAI) has given the revised estimates for the land acquisition as per the Right to Fair Compensation and Transparency in Land Acquisition Act recently. 'The estimates will continue to multiply if the project doesn't take off immediately,' said an official source.
Last month, after the meeting with the Union Minister for Road Transport and Highways Nitin Gadkari, PWD Minister P A Mohammad Riyas had announced that the Centre would give the final approval for the ORR project by July end. An official of the district administration said that after the meeting a team from the Centre came down to assess the situation.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
9 minutes ago
- Economic Times
Stock Market LIVE Updates: Sensex trades flat, Nifty over 25,450; DRL falls 2%, Kotak Bank gains 4%
Sensex Today | Stock Market LIVE Updates: Eight of the 13 major sectors advanced marginally at the open. The broader small-caps and mid-caps traded flat. Nifty Bank and Metal indices advanced in early trade on Tuesday, while IT, FMCG, and Oil & Gas also opened in the green. In the broader market, both the Nifty Smallcap100 and Midcap100 indices saw modest gains. The Indian market closed flat on Monday, with gains in consumer and oil & gas stocks offset by declines in financial and IT shares. Investor sentiment stayed cautious amid growing uncertainty ahead of the July 9 U.S. tariff deadline. Uncertainty over U.S. trade policies weighed on investors sentiment in the Indian stock market. Sensex Today | Stock Market LIVE Updates: Key benchmark indices Sensex and Nifty50 traded on a flat note Tuesday, as investors remained cautious amid global uncertainty following U.S. President Donald Trump's announcement of steep import tariffs on key trading partners. Sensex Today | Stock Market LIVE Updates: Meghna Infracon shares rise on Rs 37 cr redevelopment project in Mumbai Meghna Infracon has signed a Rs 37 crore agreement with Jose Ville for a residential redevelopment project in Santacruz West, Mumbai. The 28,000 sq. ft. project is expected to launch in 2025 and is strategically located near key amenities and transit points. Sensex Today | Adani Power completes 600 MW Vidarbha Power acquisition, operating capacity reaches 18,150 MW Sensex Today | Stock Market LIVE Updates: Kotak Mahindra Bank jumps 4% after Q1 business update signals steady growth Kotak Mahindra Bank shares surged over 4% on Tuesday, hitting an intraday high of Rs 2,237.35 on the BSE, after the lender posted a steady business update for the June quarter (Q1FY26), signalling continued growth momentum. Read more Stock Market LIVE Updates: Indian bonds trade flat despite rise in US yields; await local cues Indian government bonds moved in a tight range on Tuesday morning, largely ignoring the uptick in U.S. Treasury yields. Traders are awaiting a strong domestic trigger to drive further movement. The 10-year benchmark yield stood at 6.2943% as of 9:45 a.m. IST, marginally higher from Monday's close of 6.2933%. Stock Market LIVE Updates: Textile stocks rally up to 8% as US imposes steep tariff on Bangladesh imports Textile stocks surged on Tuesday, with shares of Gokaldas Exports, KPR Mill, Vardhman Textiles, and Arvind Ltd rallying up to 8.2% intraday. The sharp gains came after the US, under President Donald Trump, imposed a 35% tariff on imports from Bangladesh, targeting the apparel and textile sector specifically. Read more Sensex Today | Stock Market LIVE Updates: AMC stocks climb up to 3.5% as SEBI proposes relaxation in mutual fund norms Shares of asset management companies like HDFC AMC, Aditya Birla Sun Life AMC, and Nippon Life India AMC gained as much as 3.5% on Tuesday after SEBI proposed easing regulatory norms for mutual fund business operations. Read more Sensex Today | Stock Market LIVE Updates:J&K Bank shares rise 3% as ace investor Mukul Agrawal picks up 1.3% stake in Q1FY25 Shares of Jammu & Kashmir Bank jumped 3.3% to hit a high of Rs 114.95 on the BSE on Tuesday after renowned investor Mukul Mahavir Agrawal acquired a 1.27% stake—around 1.4 crore shares—in the June 2024 quarter, adding the lender to his portfolio. Read more Sensex Today | Stock Market LIVE Updates: Titan tumbles 5% after Q1 business update fails to impress D-Street Titan shares dropped 4.8% to an intraday low of Rs 3,490.95 on Tuesday after its Q1FY26 business. While the lifestyle major posted 20% YoY growth in its consumer business, the market reacted negatively to the overall performance. Read more Sensex Today | Stock Market LIVE Updates: Rupee rises 23 paise to 85.71 against US dollar in early trade Sensex Today | Stock Market LIVE Updates | Opening Bell: Sensex drops over 50 pts, Nifty below 25,500; DRL falls 2%, Kotak Bank gains 4% Stock Market LIVE Updates: Sensex slips over 100 pts in pre-open session, Nifty tests 25,450 Sensex Today | Stock Market LIVE Updates: HDFC Bank backs ₹532 crore Adani SPV bond issue with anchor investment HDFC Bank has emerged as both the arranger and anchor investor in a ₹532 crore unsecured NCD issue by Adani Energy Solutions' SPV, WRSS XXI (A) Transco. The bank has committed ₹159.6 crore in the long-tenor bonds, which carry a 7.70% coupon and mature in March 2043. The issue has AAA ratings from Crisil and ICRA. Read more Sensex Today | Stock Market LIVE Updates: Nifty 50 Q1 earnings seen up 4.6% YoY amid uneven sector performance Nifty 50 companies are projected to post a 4.6% year-on-year rise in net profit and a 4.5% uptick in revenue for Q1FY26. This would mark the first single-digit profit growth in nine quarters, with weak showings expected from names like Tata Motors, IndusInd Bank, and Coal India. Read more Sensex Today | Stock Market LIVE Updates: Samsung warns of 56% Q2 profit slump, cites US curbs on AI chip sales to China Samsung Electronics expects a sharper-than-anticipated 56% drop in Q2 operating profit, attributing the slide to U.S. restrictions on advanced AI chip exports to China. Analysts also pointed to delays in delivering high-bandwidth memory (HBM) chips to major client Nvidia as a key factor behind the miss. Sensex Today | Stock Market LIVE Updates: J&K Bank shares in spotlight as Mukul Agrawal picks up 1.3% stake in Q1 Shares of Jammu & Kashmir Bank are set to be in focus after ace investor Mukul Mahavir Agrawal acquired a 1.27% stake — around 1.4 crore shares — in the June 2024 quarter. The bank also posted a solid Q1FY26 business update, reporting a 9.5% year-on-year rise in total business to ₹2.49 lakh crore. Sensex Today | Stock Market LIVE Updates: Sebi to tighten surveillance to curb derivatives market misuse Sebi plans to strengthen its surveillance mechanisms to curb manipulation in the derivatives segment, chairman Tuhin Kanta Pandey said on Monday. The move follows the regulator's action against US-based Jane Street for allegedly using large derivative positions to distort indices and book unlawful gains. Read more Sensex Today | Stock Market LIVE Updates: Mphasis, Pfizer among 7 stocks to trade ex-dividend on Wednesday Shares of companies including Mphasis and Pfizer will trade ex-dividend on Wednesday, July 10. This marks the final day for investors to buy these stocks to be eligible for the announced dividends, with July 9 set as the official record date by the respective boards. Read more Sensex Today | Stock Market LIVE Updates: Glen Industries IPO opens today: GMP, price band, key details Glen Industries' IPO opens for subscription on July 8, aiming to raise Rs 63.02 crore via a fresh issue of 64.96 lakh equity shares. The BSE SME-bound IPO has set a price band of Rs 92–97 per share. Market buzz remains strong, with a GMP of Rs 25–26, suggesting a 26% premium over the upper band. Read more Sensex Today | Stock Market LIVE Updates: Oil dips as markets weigh US tariffs, OPEC+ supply boost Oil prices edged lower on Tuesday, pulling back after a near 2% surge in the previous session, as traders evaluated the impact of fresh U.S. tariffs and a larger-than-expected production hike by OPEC+ for August. Brent crude slipped 21 cents to $69.37 a barrel, while WTI dropped 24 cents to $67.69. Read more Sensex Today | Stock Market LIVE Updates: Gold steady as Trump's tariff shock offsets pressure from rising yields Gold prices held firm on Tuesday after U.S. President Donald Trump unveiled steep new import tariffs from Japan, South Korea, and other nations. However, gains were limited as rising U.S. Treasury yields weighed on investor appetite. Spot gold slipped 0.1% to $3,331.89 per ounce, while U.S. gold futures remained flat at $3,341.80. Read more Sensex Today | Stock Market LIVE Updates: Wall Street slides on tariff shock; Musk's political move weighs on Tesla U.S. markets closed sharply lower Monday as investor sentiment took a hit from President Donald Trump's announcement of steep tariffs on Japan, South Korea, and other key trade partners. Adding to the pressure, Tesla shares tumbled after CEO Elon Musk revealed plans to launch a new political party in the U.S., raising fresh uncertainty around the EV giant. Read more Sensex Today | Stock Market LIVE Updates: Titan in focus after Q1 update; consumer biz grows 20% YoY Titan Company shares will be on investors' radar on Tuesday after the firm reported a 20% year-on-year growth in its consumer business for Q1FY26. Its domestic jewellery segment rose 18% YoY despite muted consumer sentiment due to volatile gold prices. Sensex Today | Stock Market LIVE Updates: Yen slips to 2-week low as Trump slaps 25% tariffs on Japan, Korea The yen weakened sharply on Tuesday, sliding to a two-week low of 146.44 against the dollar, after former U.S. President Donald Trump announced 25% tariffs on imports from Japan and South Korea. Meanwhile, the Korean won edged higher by 0.4% to 1370.20 per dollar, though sentiment remained cautious across the region. Sensex Today | Stock Market LIVE Updates: FOREX news The euro rose 0.3% to $1.1747 The Japanese yen was little changed at 145.95 per dollar The offshore yuan was little changed at 7.1740 per dollar Sensex Today | Stock Market LIVE Updates: Global market update S&P 500 futures were little changed as of 9:53 a.m. Tokyo time Japan's Topix rose 0.2% Australia's S&P/ASX 200 was little changed Euro Stoxx 50 futures fell 0.1% Global Market LIVE Updates: Asian shares edge up as Trump open to tariff talks Asian markets edged higher after President Trump signaled the possibility of further negotiations, even as new tariff rates were imposed on countries like Japan and South Korea. The MSCI Asia-Pacific index recorded a mild gain, with Japanese and South Korean stocks leading the advance. Sensex Today | Stock Market LIVE Updates: Stocks in news: Titan, J&K Bank, Tata Motors, M&M, JSW Infra In today's session, stocks such as Titan, J&K Bank, Tata Motors, M&M, and JSW Infra will be in focus amid key news developments and the release of their first-quarter results. GIFT Nifty LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded lower by 2.50 points, or 0.01 per cent, at 25,513.50, signaling that Dalal Street was headed for muted start on Tuesday. Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Monday Indian benchmark indices, Sensex and Nifty, ended flat on Monday as gains in consumer and oil & gas stocks were offset by declines in financial and IT shares. Investor sentiment stayed cautious amid growing uncertainty surrounding the July 9 U.S. tariff deadline. Sensex Today | Stock Market LIVE Updates: Ahead of Market: 10 things that will decide stock market action on Tuesday Indian markets ended flat on Monday, with gains in consumer and oil & gas sectors neutralized by losses in financial and IT stocks. Investor sentiment remained subdued amid increasing uncertainty ahead of the July 9 U.S. tariff deadline. Read more
Hans India
15 minutes ago
- Hans India
Accused in Gopal Khemka murder case gunned down in encounter in Patna
Patna: An accused linked to the murder of businessman Gopal Khemka was gunned down after an encounter in Bihar capital's Malsalami locality early Tuesday morning, officials said. The accused, identified as Vikas Kumar alias Raja, allegedly accompanied the shooter, Umesh Yadav, who was directly involved in Khemka's murder on Friday night. Bihar's Special Task Force (STF) and Malsalami police conducted the raid based on information extracted from Umesh during interrogation. Earlier, police had arrested Umesh, identified as the main shooter in the case. Preliminary investigations have revealed that Vikas was involved in illegal arms trading in the Malsalami area and had sold the weapon to Umesh that was used in the murder of Khemka. According to an official, the police team reached Vikas's house around 2.45 a.m. on Tuesday, where he opened fire on the joint team. The officials of Bihar STF and Malsalami police retaliated. After a brief gunfight, the accused was neutralised. 'So far, we have detained two individuals and arrested the main shooter in the Gopal Khemka case. Our investigation indicates that an individual had taken a contract of Rs 10 lakh to kill Khemka and subcontracted it to Umesh for Rs 1 lakh,' a senior police officer said, adding that further details will be shared as the investigation progresses. Businessman Gopal Khemka was shot dead in Patna on Friday night, triggering shock and concern among the business community and raising questions about the law and order situation in the state capital. The high-profile murder case put the Nitish Kumar government in a spot at a time when the ruling coalition of JD(U) and BJP is prepping for the Assembly polls. The Opposition, the RJD and Congress targeted the state government over Bihar's law and order situation. The Chief Minister met top officials after the shocking murder and asked them to complete the probe into the businessman's murder at the earliest.
Hindustan Times
18 minutes ago
- Hindustan Times
NHAI Recruitment 2025: Apply for 30 posts of Dy General Manager (Technical), check eligibility, pay scale & more
NHAI Recruitment 2025: The National Highways Authority of India, NHAI, is accepting applications for the recruitment of Deputy General Manager (Technical) on deputation basis. Eligible and interested candidates can submit their applications on the official website of NHAI at NHAI Recruitment 2025: Application window is open for 30 posts of Deputy General Manager (Technical). Check last date to apply and other details here. (Image source: Candidates must note that the last date for submission of application forms is July 23, 2025, up to 6 PM. Also read: DFCCIL Admit Card 2025 released at direct link to download CBT 1 hall tickets here Vacancy details: NHAI, through this recruitment drive, aims to fill 30 posts of Deputy General Manager (Technical). Pay scale: As per the official notification, the pay for the post of Deputy General Manager (Technical) falls under Level-12 in the Pay Matrix (Rs.78800-209200). Essential qualification: Candidates who are interested in applying for the recruitment drive must ensure they meet the following requirements: Candidate should be holding a Bachelor's Degree in Civil Engineering from a recognized University or Institute. 6 years of experience in implementation of Infrastructure Sector Projects related to Highways or Roads or Bridges. Officers possessing experience in handling Public Private Partnership (PPP) Projects will be given preference, NHAI said. Also read: Indian Navy INCET 2025: Registration begins for Group B and C posts, apply at It may be mentioned here that since the posts carry an all India service liability, only those candidates who are willing to serve anywhere in India may apply, the NHAI stated. Also read: Eastern Railway Recruitment 2025: Registration for Level 1 and Level 2 posts begins on July 9 at NHAI Recruitment 2025: How to apply for Deputy General Manager (Technical) post Candidates can follow the steps mentioned below to apply for Deputy General Manager (Technical) post: Visit the official website of NHAI at On the home page, click on 'About NHAI' tab, and then on Vacancies. Click on current vacancies, and scroll down to the link to apply for Deputy General Manager (Technical) post. Click on Apply Now option. Register yourself by providing details such as User ID (User id can be anything), creating a password, name, phone number, Email id, and Aadhar card number (Optional). Once done, log in to your account using your credentials. Fill in the application form and upload the necessary documents. Review the application carefully, and if satisfied, click on final submit. Download the confirmation page, and keep a printout of the same for future reference. For more details, candidates are advised to visit the official website of NHAI.
