Finance Minister Nirmala Sithraman said the proposed Development Finance Institution will help in increasing long-term funds and have 50% non-official directors.
Modi govt has taken the powerful combination of infrastructure investment and welfarism to their current levels of ambition. However, there are hurdles.
In episode 687 of #CuttheClutter, ThePrint’s Editor-in-Chief Shekhar Gupta speaks about the three postulates from which PM Narendra Modi’s political power rises.
Monetisation of oil and gas pipelines, airports, Railways' infrastructure can generate huge sums of money for Modi government’s infra push. But implementation is key.
Roads Minister Gadkari says infrastructure has got primacy in the Budget for the first time, will have a cascading effect on other sectors like steel & cement.
Even amid expenditure curbs during lockdown, govt had asked infra ministries to spend. There are many ongoing projects that could create jobs & boost growth.
Subsidised credit from the government and the RBI has not proved to be a sustainable source in the past. Moreover, the bond market in India is still awaiting reforms.
PM Narendra Modi calls on long-term global investors to invest in infrastructure in India, and says the country will have a multiplier effect on development and growth across the world.
The issue of inequality has assumed the blazing limelight at a time when inequality in India is said to be higher than it was in the British Raj. It's a ripe situation for half-truths and incendiary statements.
Speaking at launch of economist Surjit Bhalla’s book, S Jaishankar also highlights Gen Z’s engagement with ‘reel culture’, which has 'promoted awareness, created interest in many subjects'.
Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
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