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Chenab bridge, Vande Bharat Sleeper, 99.6% electrification among Railways' feats in 12 years: Government
The government highlighted significant rail infrastructure achievements over 12 years, including the world's highest Chenab river arch bridge and 99.6% broad-gauge network electrification. The launch of the Vande Bharat Sleeper train saw 100% occupancy, while 36,000 km of new tracks and 484 km of tunnels were constructed, enhancing national connectivity and sustainable transport.
Sebi mulls allowing InvITs to add road expenses back into NDCF calculation
Market regulator Sebi on Monday proposed allowing InvITs to add payments made for major maintenance of road projects back into Net Distributable Cash Flow (NDCF) computation, capped at the amount funded by external debt. This mechanism should apply only to the 'Roads and Bridges' sector and requires strict unitholder approval. The proposal came after the Securities and Exchange Board of India (Sebi) received representation from the Bharat InvITs Association (BIA) regarding the treatment of debt availed by InvITs for incurring major maintenance expenses of road projects while calculating the NDCF. The industry association highlighted that although major maintenance (MM) expenses extend the road's life and enhance its quality, they cannot be capitalised under generally accepted accounting principles because they do not generate future economic benefits, such as extended concession periods or increased toll revenue. Since InvITs (infrastructure investment trusts) holding road projects
Vande Bharat Express now links Jammu to Srinagar directly
Union Railways Minister Ashwini Vaishnaw launched the 20-coach Vande Bharat Express in Jammu and Kashmir. This marks the first direct rail link between Jammu and Srinagar. The service reduces travel time and provides an all-weather connection. The train is popular and has become a lifeline for the region. Future plans include connecting Poonch, Rajouri, and Uri to the rail network.
Stocks to Watch Today: Indian Hotels, Syrma SGS, Groww, Afcons Infra, Bharat Forge, HG Infra, Munjal Auto, HFCL, Windsor Machines in focus on 12 May
Stocks to Watch May 12: Stocks like Indian Hotels Company, JSW Energy, Satin Creditcare Network, Paradeep Phosphates, Syrma SGS Technology, Billionbrains Garage Ventures Groww, Afcons Infrastructure, HFCL, Bharat Forge, and HG Infra Engineering will be in focus on May 12.