Global Markets React: Sensex & Nifty 50 Rebound, US Election Day Begins, and Bullet Train Bridge Collapse in India

Today’s news is a mix of market movements, political events, and unfortunate incidents. The Indian stock market witnessed a strong rebound, with the Sensex and Nifty 50 closing in the green. Meanwhile, the US gears up for its Presidential election, with polls opening across the country. In India, a bridge under construction for the ambitious bullet train project collapsed in Gujarat, raising concerns about safety.

Bihar Embraces High-Speed Future with Bullet Train Project

Bihar is set to experience a transformative leap in its transportation infrastructure with the launch of the bullet train project, part of the Varanasi-Howrah High-Speed Rail Corridor. This project will link key districts in Bihar with major cities, offering faster and more efficient travel options that will revolutionize connectivity across the state. The bullet train is expected to boost economic opportunities, tourism, and overall regional development in Bihar.

NHSRCL Project Completion Deadline Remains Uncertain Until Contract Completion

The completion date for India’s first bullet train project, being undertaken by The National High Speed Rail Corporation Limited (NHSRCL), is yet to be determined as all contracts have not been awarded. NHSRCL is constructing a 508 km corridor between Ahmedabad and Mumbai, and a significant portion of the project remains incomplete. The project was initially scheduled to be finished by 2026-27.

Bullet Train Completion Date Hinges on Tender Awards: RTI Response

The Indian Railways is yet to determine the completion date for the country’s first bullet train project due to ongoing tender awards. The National High Speed Rail Corporation Limited (NHSRCL), responsible for constructing the 508 km corridor, highlighted that the completion date can only be assessed once all tenders are awarded. Initially scheduled for completion in December 2023, the project has faced delays due to land acquisition issues and COVID-19 impact.

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