The allocation, at 3.4% of GDP, remains unchanged from the figure announced in interim budget in February, and is 11% higher than last year’s outlay of Rs 10 lakh crore.
Sectoral allocations for highways, railways show marginal increase in interim budget with experts hoping that the allocations will go up in the full budget expected in June-July.
Since GatiShakti National Master Plan hosts data on critical infra, work is on to put in place adequate safeguards to protect sensitive data, ensure cybersecurity says govt official.
The India Infrastructure Report 2023, released by former vice-president M. Venkaiah Naidu, calls for radical reforms in urban planning and development to address the issue of slums and sprawl.
According to International Monetary Fund’s World Economic Outlook, Indian govts spend about 28% of GDP, which is more than many countries. But greater spending hasn't delivered better infra.
PM told ministers, civil servants to look beyond 2024 & focus on completing infra projects. He also said parties' reckless competition of freebies had sidelined cause of nation building.
China's Ministry of Water Resources said the plan would 'unblock the major arteries' of the river system by 2035, boost irrigation and aid to cut the risk of floods and droughts
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Taylor ‘Fema’ Hiester, commander of USAF F-16 Viper Demo Team, hit out at air show organisers for continuing with the show after Wing Commander Namansh Syal lost his life in the incident.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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