PM inaugurates India's longest rail-cum-road bridge in Assam
Bogibeel (Assam), Dec 25: Prime Minister Narendra Modi Tuesday inaugurated the country's longest rail-cum-road bridge over the Brahmaputra river at Bogibeel near Dibrugarh in Assam.
The prime minister, who reached Dibrugarh in the afternoon from New Delhi, flew directly to Bogibeel in a chopper and dedicated the 4.94-km-long double-decker bridge to the nation from the south bank of the river.
After greeting people, standing on the foothold of his vehicle, Modi deboarded the car and walked a few metres on the bridge along with Assam Governor Jagdish Mukhi and Chief Minister Sarbananda Sonowal.
The prime minister crossed the bridge in his cavalcade to the north bank of Brahmaputra, where he will flag off the Tinsukia-Naharlagun Intercity Express.
The train will run five days a week. The 4.9-km bridge will cut down the train-travel time between Tinsukia in Assam to Naharlagun town of Arunachal Pradesh by more than 10 hours.
Modi is scheduled to address a public rally in Dhemaji district later in the day.
The strategically important bridge, which begins at Dibrugarh and ends at Dhemaji districts of Assam, will remove communication bottlenecks to several districts of Arunachal Pradesh.
The Bogibeel Bridge, which was a part of the Assam Accord and sanctioned in 1997-98, is also likely to play a crucial role in defence movement along the India-China border in Arunachal Pradesh.
The foundation stone of the project was laid by former prime minister H D Deve Gowda on January 22, 1997, while work commenced on April 21, 2002, under the Atal Bihari Vajpayee-led government. The Congress-led UPA government had declared it a national project in 2007.
December 25 happens to be Vajpayee's birth anniversary.
Due to inordinate delay in its implementation, the cost of the project escalated by 85 per cent to Rs 5,960 crore from the sanctioned estimated cost of Rs 3,230.02 crore. The total length of the bridge was also revised to 4.94 km from the earlier 4.31 km.
The bridge is part of the infrastructure projects planned by India to improve logistics along the border in Arunachal Pradesh.
"The bridge will enhance the national security of the eastern region by facilitating swift movement of defence forces and their equipment. It was constructed in such a way that even a fighter jet can land on it in case of emergency," a source said.
A senior army official had earlier said the biggest advantage of the bridge will be easy movement of troops from southern to northern bank.
"This means travelling to the farthest most point of India's border with China will be shortened by several hundred kilometers," he had said.
Northeast Frontier Railway (NFR) Chief Public Relations Officer Pranav Jyoti Sharma had also said that the bridge will provide logistical support for the Indian Army manning the border.
The road distance from Dibrugarh to Itanagar will be reduced by 150 km and the railway travel distance between these two points will shorten by 705 km, he had said.
The bridge and the train will be a boon for the people of Dhemaji as major hospitals, medical colleges and airport are in Dibrugarh, the third-largest city in the Northeast.
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Rupee falls 11 paise to 94.27 against US dollar in early trade
Mumbai (PTI): The rupee depreciated 11 paise to 94.27 against US dollar in early trade on Monday driven by persistent dollar demand and a broader shift toward safe-haven assets.
Forex traders said the Indian rupee has hit a rough patch, falling for five consecutive sessions, weighed down by a combination of factors such as the RBI loosening its grip on currency rules and rising oil prices caused by global tensions.
Moreover, investors are becoming cautious again, with foreign institutions pulling money out of the market after a brief period of buying amid rising geopolitical uncertainty.
At the interbank foreign exchange market the rupee opened at 94.25 against the US dollar, then lost some ground and touched 94.27 against the US dollar in initial trade, registering a fall of 11 paise over its previous close. On Friday, the rupee had settled at 94.16 against the American currency.
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Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.09 per cent at 98.44.
Brent crude, the global oil benchmark, was trading higher by 1.16 per cent at USD 106.55 per barrel in futures trade.
A mix of softer economic signals and renewed, even if fragile, hopes of diplomacy pulled the dollar lower again, CR Forex Advisors MD Amit Pabari said, adding that for Rupee, on one hand, a softer dollar offers relief. On the other, uncertainty remains the dominant force.
Meanwhile, India’s forex reserves have crossed USD 703 billion as of April 17, reflecting a consistent build-up of buffers.
"For now, the rupee continues to lean toward gradual weakness. Uncertainty remains the dominant force, shaping both global flows and local reactions," Pabari said.
He further noted that any dips are likely to be bought into, with the 92.80–93.20 zone acting as a strong support. On the upside, 93.50 to 94.50 is expected to define the near-term range.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 518.96 points or 0.68 per cent higher at 77,183.17, while the broader Nifty was trading up 131.30 points or 0.55 per cent at 24,029.25.
Foreign Institutional Investors offloaded equities worth Rs 8,827.87 crore on Friday, according to exchange data.
