New Delhi, July 27 (IANS) The NHAI has successfully defended a major arbitration case to safeguard public funds in National Highway projects against claims of Rs. 3,177 crore raised by the concessionaire of the Bareilly–Sitapur toll project, with the Arbitral Tribunal awarding only Rs 46 crore plus applicable interest to settle the case, according to an official statement issued on Monday.The arbitration proceedings pertained to Bareilly Highways Project Limited (BHPL), a concessionaire promot…
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New Delhi, July 14 (IANS) Emphasising the importance of freedom of navigation, overflight and lawful maritime commerce in accordance with international law, India on Tuesday reiterated that disputes in the South China Sea must be resolved peacefully under the UN Convention on the Law of the Sea (UNCLOS). Addressing a weekly media briefing in New Delhi on Tuesday, the Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said that the arbitral tribunal’s ruling on the South China Sea, d…