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Capex on National Highways increased from Rs 51,000 cr in FY14 to Rs 2,40,000 cr in FY23, Parliament.


Date: 15-12-2023
Subject: Capex on National Highways increased from Rs 51,000 cr in FY14 to Rs 2,40,000 cr in FY23, Parliament
New Delhi: Capital expenditure on National Highways has seen a significant increase from about Rs 51,000 crore in 2013-14 to more than Rs 2,40,000 crore in 2022-23, Parliament was informed on Thursday. In a written reply to a question in the Lok Sabha, Union Road Transport and Highways minister Nitin Gadkari said budgetary allocation of the road ministry has increased from about Rs 31,130 crore in 2013-14 to Rs 2,70,435 crore in 2023-24.


Such increased budgetary allocation led to expansion of the National Highway (NH) network in the country from about 91,287 km in March 2014 to about 1,46,145 km at present, Gadkari added.


Improved fuel efficiency is a key highlight when opting for nitrogen-filled tyres. The stability in tyre pressure reduces rolling resistance, allowing the vehicle to move more efficiently and potentially leading to long-term cost savings at the fuel pump.


Additionally, nitrogen's resistance to temperature fluctuations ensures that tyre pressure remains more stable in varying weather conditions. This is particularly beneficial for drivers experiencing extreme temperatures, where normal air-filled tyres might undergo more significant pressure variations. Its properties inhibit oxidation and degradation of tyre components, contributing to reduced wear and tear and, consequently, a longer tyre lifespan.

Moreover, nitrogen's dry composition minimises the presence of moisture within the tyre, mitigating the risk of corrosion and rusting on tyre rims. This aspect adds an extra layer of protection to both, the tyres and the wheels.


On the other hand, air remains a reliable and accessible choice for tyre inflation. Widely available at gas stations and auto service centres, air offers convenience, ensuring drivers can easily maintain their tyre pressure without logistical challenges.


Cost-effectiveness is a significant advantage of choosing standard air. Filling tyres with air is generally more budget-friendly compared to the cost associated with nitrogen inflation. For drivers prioritising a practical and economical solution for routine tyre maintenance, air is a compelling option.


Versatility is a key feature of air, as it is universally compatible with all types of tyres. Whether it's for cars, motorcycles, or bicycles, air provides a straightforward and reliable solution. In emergency situations where nitrogen might not be readily available, the immediate accessibility of air becomes a critical factor.


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The choice between nitrogen and air for tyre inflation ultimately depends on individual preferences, driving habits, and maintenance priorities. Each option brings its own set of advantages, catering to a spectrum of needs within the diverse landscape of car enthusiasts.


As drivers weigh these considerations, it is essential to extend the commitment to optimal vehicle care to another crucial aspect – car insurance. Safeguarding vehicles with the right insurance coverage ensures a comprehensive approach to on-road security and peace of mind. In compliance with the Government of India's mandate, having a third-party car insurance policy is compulsory for all car owners.


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Apart from these features, Bajaj Allianz’s car insurance policy also includes add-ons such as a depreciation shield, engine protector, 24/7 spot assistance, key and lock replacement, consumable expenses coverage, personal baggage protection, and conveyance benefits. These add-ons not only enhance the policy but also provide additional convenience and financial support for car owners.


When it comes to car insurance, understanding the nature and terms and conditions of the policy is crucial. Bajaj Allianz General Insurance stands as a reliable partner, offering a hassle-free experience, including paperless digital insurance applications, online claims, spot services, and more. To further enhance your understanding and make informed decisions, Bajaj Allianz provides a convenient car insurance calculator. This tool allows you to estimate potential premiums based on your specific ..

As car enthusiasts make informed decisions about tyre care, the commitment to optimal vehicle maintenance also extends to the choice of motor insurance, where Bajaj Allianz has emerged as a trusted partner, ensuring a secure and worry-free driving experience. Claims are subject to terms and conditions set forth under motor insurance policy.


Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
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Source Name : Economic Times
 

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