To help fund this transition, Niti Aayog CEO Amitabh Kant has called on global funders, including World Bank, to structure guarantee programs to help access funds at low rates.
At a FICCI convention, NITI Aayog CEO Amitabh Kant said Rs 2 lakh crore Production-Linked Incentive scheme will make India highly competitive in the global economy.
The Niti Aayog has asked the Railways to ensure that all suburban trains have automatic doors in an attempt to curb deaths that occur due to overcrowding.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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