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.
On the first episode of Two Much With Kajol and Twinkle, Aamir Khan and Salman Khan were confronted with another hypocrisy: age gaps. And they didn't come out looking good.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
While the IAF remains committed to the Tejas programme and has placed orders for 180 Tejas Mk1A, the force is eagerly waiting for the Tejas Mk 2 version.
What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.
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