Presenting the Union Budget on February 29, Finance Minister Arun Jaitley announced that the total outlay for road and rail development would add up to Rs.2,18,000 crore this fiscal.
Tag: Arun Jaitley
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Road transport in passenger segment to be opened up: FinMin
Finance Minister Arun Jaitley in the Union Budget 2016-17, announced the government will open the road transport in passenger segment to the private sector.
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Budget 2016: Nuclear gets Rs.3,000 cr yearly allocation
Finance Minister Arun JaitleyĆĀ“s announcement of a Rs.3,000 crore yearly allocation for the next two decades for nuclear power generation is certainly a welcome move, said a top atomic energy official. ĆĀ“
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Budget 2016-17: Clean energy cess doubled to Rs.400
Finance Minister Arun Jaitley has doubled the clean energy cess to Rs.400 per tonne of coal. He also introduced infrastructure cess on petrol, diesel and luxury cars.
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Make in India Exhibition extravaganza
The first Make In India Week was held in Mumbai and was the biggest ever show of the countryĆĀ“s manufacturing prowess. With a business commitment of Rs.15.20 lakh crore in investments, the Make In India
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Govt may increase Rs.70k-cr planned capital infusion for PSBs
The Finance Ministry is considering infusing more than the announced Rs.70,000 crore in public sector banks to help strengthen their balancesheets.ĆĀ“
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India taking steps to address infra woes: Jaitley
Emphasising that India is taking steps to address problems in the infrastructure sector, Finance Minister Arun Jaitley said multiple institutions are required to meet the funding requirements in this space. Arun Jaitley
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Happy New Infrastructure!
Clearly, the government had saved the best for the last, with a flurry of policy decisions at the year end. Infrastructure is clearly in for better times in 2016. The year 2015 was generally a positive one for the economy, although bumpy.
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FM Arun Jaitley asks PSU banks to remove NPA blotch
Finance Minister Arun Jaitley has asked state-run banks to clean-up their balance sheets of non-performing assets, saying the government was willing to take the necessary policy corrective measures to help them.
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Steely growth
India is putting in place measures to fast-track economic growth. Core industries like steel will play a substantial part in this growth if the next decade has to really belong to India.