Modi, who addressed a public meeting in Hyderabad after laying foundation stone and inaugurating several development projects, also said the lack of cooperation from the state government is leading to delay in the completion of several central projects in Telangana.
On August 15 last year, Prime Minister Narendra Modi announced from the ramparts of the Red Fort that the Indian Railways would launch 75 Vande Bharat Express trains by August 2023. Later, in her 2022 Budget speech, Finance Minister Nirmala Sitharaman announced that 400 Vande Bharat trains will be manufactured in the next three years, which are expected to cost between Rs 40,000 crore and Rs 50,000 crore. Those upbeat announcements come after a series of cancelled tenders, vigilance actions against officials and interdepartmental rivalry that delayed the addition of these iconic trains developed entirely indigenously by the Integral Coach Factory (ICF) in Chennai.
The government also proposed promoting 'one product one district' for better marketing and export of horticulture crops. It also called on states for early implementation of three key central model laws on land leasing, agriculture produce and livestock marketing and contract farming.
The industry said if the policy was announced, it would have taken 28 million vehicles bought before March 2005 off the road.
Institutions will wait till there is more clarity on Budget.
In Kerala, the use of black ranges from such convenience to strictures by community and religion to fashion and personal choice. One would have to be really insecure or too fond of the well settled life to see black solely as a badge of protest, points out Shyam G Menon.
Economy to grow by 7.2-7.5 per cent in second half of current fiscal, says FM.
The road ministry has put forward two proposals before the Prime Minister's Office and the finance ministry.
At the first meeting of Governing Council of NITI Aayog on Sunday, Prime Minister Narendra Modi will seek views of Chief Ministers.
Spotlight likely on cement, metals, road cos
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
'Inter-ministerial coordination, information on the proposed PSUs, and due diligence are taking longer than expected to conclude the process.'
Sensex slumped 518 points to end the day at 25,582 and the Nifty slipped 164 points to close at 7,623.
Opposition parties on Friday criticised the government's decision to hike railway fares terming it as "criminal" to burden the people with such an increase and questioned as to why Parliament was not taken into confidence before taking the step.
As a percentage of the aggregate Budget expenditure, it is 12 per cent.
Modi's government sees itself in a sweet spot with spare cash.
The record of other prime ministers too shows how much can change when a prime minister is faced with the two-year challenge, says T N Ninan.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
The rupee on Friday resumed lower at 60.25 a dollar from previous close of 60.19 at the Interbank Foreign Exchange market.
Money will be earmarked for the social sector - especially rural districts that house three-fifths of voters
The finance minister's Budget presentation is a sombre affair, yes, but it wasn't as if the Lok Sabha was all serious through the speech.
India as a large country should have inter-modal connectivity, which will help us make travel easier, safer and seamless. That is how you will also gain. You will gain more money, make more revenues, says Praful Patel.
A likely easing in inflationary pressures in the forthcoming months will reopen the window for the RBI to once again prioritise growth and ease its interest rates.
Shinde announced that his government is committed to providing reservation to the Maratha community.
Hussain said the new government had inherited an "empty treasury" while the prices of oil were shooting up.
Industrial metals (ferrous and non-ferrous) suffered great volatility once the Ukraine War began in February 2022. First, there was a sharp price rise due to fears of supply disruption, followed by weak global demand. China's weakness and rolling lockdowns have hit production and demand.
The Budget has evoked mixed reactions from Silicon Valley investors.
'They have started becoming an important player, but not at the same level as they were in the earlier part of the decade.'
Finance Minister Nirmala Sitharaman on Monday announced a Rs 6 lakh crore National Monetisation Pipeline (NMP) that will look to unlock value in infrastructure assets across sectors ranging from power to road and railways. She also said the asset monetisation does not involve selling of land and it is about monetising brownfield assets. Projects have been identified across sectors, with roads, railways and power being the top segments.
The Reserve Bank may cut key interest rates as early as this week.
Majority expect economy to slow down, but are satisfied with Modi govt's performance.
This will encompass the sale of Air India, a number of other privatisation initiatives, mergers, initial public offerings, the Centre's two exchange-traded funds, buybacks and offers-for-sale, and even monetisation of land assets.
"Thenga mila hai", scoffed Yadav using the Hindi slang to repudiate the ED's claim of huge recovery in the raids conducted in connection with the land for jobs scam
Hygiene and cleanliness of trains and stations a must
'If private capex has to kick in, there should at least be 2-3 years of visibility.'
Most expect the Budget to be path-breaking.
Even as the Congress tired to shield Rahul Gandhi's surprise sabbatical ahead of the crucial Budget session, senior party leader Digvijaya Singh questioned his timing openly.
Finance Minister Arun Jaitley announced slew of reforms for the masses.
The government had no option but to cut spending to meet its borrowing targets.
