Sitharaman said the government also proposes Pradhan Mantri Matsya Sampada Yojana to address critical infrastructure gap in fisheries sector.
Expressing commitment to augment the country's infrastructure, Finance Minister Nirmala Sitharaman on Monday proposed to significantly enhance capital expenditure to Rs 5.54 lakh crore in the next fiscal, besides creating institutional structures and giving a big thrust to monetizing assets to achieve the goals of the National Infrastructure Pipeline (NIP). Sitharaman said NIP, that was launched in December 2019 with 6,835 projects, has now been expanded to 7,400 projects and around 217 projects worth Rs 1.10 lakh crore under some key infrastructure ministries have been completed. "For 2021-22, I propose a sharp increase in capital expenditure and thus have provided Rs 5.54 lakh crores which is 34.5% more than the BE of 2020-21," the finance minister said.
The proposed Indian Institute of Management in Bihar will be set up at Bodh Gaya in Gaya district, state Education Minister Brishen Patel said on Wednesday.
He also received the country's first container cargo transported on inland waterways from Kolkata.
At the pre-Budget meeting at Niti Aayog, Modi called for a focussed effort from all stakeholders in order to achieve the target of $5 trillion economy. The participants urged the government to focus on credit expansion, exports growth, governance of PSBs, increasing consumption and job creation.
India is only on the starting block.
The Centre on Monday earmarked a separate Rs 2,217 crore for 42 urban centres to tackle air pollution and announced the much-awaited voluntary vehicle scrapping policy to phase out old and polluting vehicles, even as it shrunk the budgetary allocation for the environment ministry from the last fiscal by nearly eight percent. Union Finance Minister Nirmala Sitharaman, in her budget speech for 2021-22, announced a total of Rs 2869.93 crore for the ministry, Rs 230 crore less than the last fiscal. Officials said the outlay has been lesser this time as the economy is recovering from the COVID-19 pandemic.
Normal life remained disrupted across the Kashmir Valley for the 26th consecutive day, with markets closed and public transport off the roads.
Friday prayers have not been allowed at Jamia Masjid - the grand mosque of Kashmir in downtown (old city area) - for the past over two months now.
The legendary Seshan was not keeping good health for the past couple of years and he passed away at about 9.30 pm, a senior police official told PTI.
Normal life remained disrupted in Kashmir for the 86th day following abrogation of Article 370 and bifurcation of Jammu and Kashmir into two union territories.
In an interesting development, Finance Minister Pranab Mukherjee who is very much in the news these days would be travelling by a special plane to Udaipur, Rajsamand and Nathdwara temple in Rajasthan, accompanied by Union Road and Transport Minister C P Joshi for a one-day trip to the state on Saturday.
The theme of the reshuffle is to fulfill Modi's earlier promise of 'maximum governance, minimum government.' Some key ministries are likely to be merged.
Is anyone in the BJP listening -- to what Nitin Gadkari had to say, but possibly left unsaid? asks N Sathiya Moorthy.
The flood situation eased in Assam and northern districts of West Bengal with water receding and no fresh deaths being reported in both the states.
The attack took place at 1:20 pm in Hari Singh High Street market area.
The bus, which way on its way to Kishtwar from Keshwan, skidded off the road at Sirgwari and rolled down into the gorge around 7:30 am.
The infrastructure of the 20th century would not do in the 21st century as times have changed, the Prime Minister said.
On August 5, the Narendra Modi-led government abrogated Article 370, which gave the state of Kashmir special powers, and decided to transform the state into two Union Territories -- Jammu and Kashmir and Ladakh. Since then phone networks have been cut off and curfew-like restrictions have been imposed, leaving residents in a state of despair. On September 29, Union Home Minister Amit Shah attacked the Opposition for spreading "misinformation" about Kashmir. There were no "restrictions", he said -- they were "only in your mind". Sixty one days later, this is what normalcy looks like in the former state, particularly the Kashmir Valley.
There is more than what meets the eye to the wealth accumulated by Punjab Deputy Chief Minister Sukhbir Singh Badal.
Naxals looted six automatic weapons -- two AK-47s and as many INSAS and self loading rifles -- of the deceased personnel.
The processions stand banned in Kashmir since 1990 when armed insurgency began.
In the third reshuffle since coming to power, Prime Minister Modi raised the strength of his Council of Ministers from 73 to 76.
The Union transport minister said that the states can reduce fine but they are aimed at saving lives of people, and for generating revenue.
In January too, BJP tried to fail odd-even by orchestrating officers' strike. People failed BJP and made odd-even success, tweeted the CM.
Whistle-blower officer Ashok Khemka has been shunted again, in breach of rules by BJP government in Haryana. All actions of the previous Congress govt against him still stand even as the Narendra Modi government has chosen to keep away.
On Saturday, an online marijuana sale racket was busted by Bhind police in Madhya Pradesh, leading to the arrest of two persons and seizure of 20 kilograms of the contraband, according to an official. The accused were operating the racket through a leading e-commerce firm, which received two-thirds of the profits generated, as per the official.
Overall, the populist/ electoral elements in the budget have remained measured with the finance minister being clearly aware of a higher-than-expected rise in oil prices, less-than-planned tax revenues and the wider deficit for FY 17/18, constraining his margin of maneuver, says Claude Claude Smadja.
"Centre and state will soon begin the process of giving reservation, following the Delhi High court order," Khattar told reporters in a joint press conference along with All India Jat Aarakshan Sangharsh Samiti chairperson Yashpal Malik.
Tapovan Hydro-Electric Power Dam, also known as Rishi Ganga Project was completely washed off following a glacier burst in the Chamoli district, said the Indian Air Force's initial report as Advanced Light Helicopter (ALH) deployed at Joshimath has undertaken recce of affected areas.
Parliamentary Affairs Minister M Venkaiah Naidu charged that the Central Bureau of Investigation was misused by the then United Progressive Alliance government to harass its political opponent and 'defame' the then Gujarat chief minister Narendra Modi.
Twenty unions of autos and taxis have formed a Joint Action Committee, which has called for the indefinite strike.
The major reason for the policy confusion over e-vehicles is the lack of conviction within government about the utility of this disruptive technology and its role in India's larger Paris Agreement climate change commitments.
In an order, Union Home Secretary Ajay Bhalla said buses shall be used for transport of such groups of stranded people and these vehicles will be sanitised and will have to follow safe social distancing norms in seating.
Nitin Gadkari has seven portfolios, but does not seem weighed down at all by the many things on his plate. The minister is brimming with ideas...
The AAP chief said the BJP had tried to polarise the assembly polls and that they hadn't cleared the Shaheen Bagh road because of the elections.
India says it cannot accept a project that ignores its core concerns on sovereignty and territorial integrity.
Restrictions under Section 144 CrPc have been imposed in few areas of the valley to maintain law and order, the officials said.
In a nearly 25-minute televised address to the nation, Modi said implementation of the lockdown will be strictly ensured in its second phase and detailed guidelines will be brought out on Wednesday to ensure that outbreak does not spread to new areas.
Petrol and diesel prices were hiked for the fourth consecutive day on Saturday by 35 paise per litre, pushing the total increase in rates on petrol to Rs 36 per litre and on diesel to Rs 26.58 since early May 2020 when taxes on the two fuels were raised to record levels. Petrol in Delhi now costs Rs 107.24 a litre and diesel comes for Rs 95.97, according to a price notification of state-owned fuel retailers. The latest increase that follows the unrelenting hike in international oil prices has pushed pump rates across the country to their highest-ever levels.
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