Cabinet nod for road project to boost SAARC trade
NEW DELHI (Reuters) - The cabinet on Thursday approved a 10 billion rupees road project to help increase trade with some South Asian nations, a government statement said.
The project, which is to be build with the help of private firms within 30 months in West Bengal, is part of the ambitious national highway programme.
"The traffic on this National Highway is expected to increase substantially due to the implementation of South Asia Free Trade Agreement (SAFTA) among SAARC countries (Nepal, Bhutan and Bangladesh)," it said.
The cabinet also approved two other road projects together worth 14.79 billion rupees, it added.
(Reporting by Rajkumar Ray; Editing by Harish Nambiar)
© Thomson Reuters 2010 All rights reserved
Greek crisis sets euro zone enlargement back
The Greek debt crisis has dealt a setback to prospects of enlarging the euro zone by highlighting the difficulties of managing the single currency area. Full Article
Good for Afghanistan efforts
An easing of tension between India and Pakistan should help U.S.-led efforts to stabilise Afghanistan. Full Article
