Central Road Fund Bill, 2017 for development and maintenance of NWs passed

Parliament has passed the Central Road Fund (Amendment) Bill, 2017, to allocate 2.5 per cent of the proceeds of the Central Road Fund (CRF) for the development and maintenance of national waterways (NWs). An allocation of 2.5 per cent of CRF proceeds would provide approximately Rs 20 billion per annum for the development and maintenance of NWs at existing rates of duties funding the CRF.