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English Release 21-August 2014
Date Month Year
  • President's Secretariat
  • Rashtrapati Bhavan’s ‘In-Residence Programme’ to feature two artists and two writers in September 2014
  • Prime Minister's Office
  • PM at Nagpur
  • PM at Mouda, Maharashtra
  • PM at Ranchi
  • Cabinet Committee on Economic Affairs (CCEA)
  • Revision of Rates of Royalty and Dead Rent in respect of certain minerals (other than minor minerals, coal, lignite and sand for stowing)
  • Ministry of Finance
  • Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified
  • Text of the Speech of the Union Finance and Defence Minister
  • Min of Health and Family Welfare
  • No Ebola suspect case admitted today to Quarantine cum Isolation Health Facility at Delhi Airport
  • Government considering national, regional dental hospitals
  • Min of Home Affairs
  • DG, Border Guards Bangladesh calls on Union Home Minister
  • Home Minister to Review Flood Situation in Uttar Pradesh
  • Min of Labour & Employment
  • Central Advisory Committee on Beedi Workers Welfare Fund meets under the Chairmanship of Shri Narendra Singh Tomar
  • Min of Mines
  • Revision of Rates of Royalty and Dead Rent in respect of certain minerals (other than minor minerals, coal, lignite and sand for stowing)
  • Min of Minority Affairs
  • 15- Member Delegation from Ladakh Calls on Dr. Najma A. Heptulla
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket increased to US$ 100.32 per bbl on 20.08.2014
  • Min of Power
  • Prime Minister Dedicates to the Nation Mouda Super Thermal Power Project Stage-I (1000 MW)
  • Prime Minister dedicates 765 kV Ranchi-Dharamjaygarh-Sipat transmission line ; Initiates Commencement of work on 3x660 MW North Karanpura Super Thermal Power Project
  • Ministry of Railways
  • Commodity-Wise Freight Revenue Earnings of Railways goes up by 14.72 per cent during the Month of July 2014 & 9.30 per cent during April-July 2014
  • Min of Road Transport & Highways
  • NHAI Board Resolves Some Pending Finacial Disputes/Claims
  • Min of Social Justice & Empowerment
  • Minister for SJE reviews the implementation of Prohibition of Employment as Manual Scavengers and their Rehabilitation Act, 2013
  • Ministry of Tourism
  • India’s Tourism Sector resolves to Co-Create, Collaborate and Co-achieve
  • Full text of the Resolution adopted at the Second National Conference of Tourism Ministers
  • Full text of the speech of the Union Tourism and Culture Minister Shri Shripad Yesso Naik at the inaugural session of the State Tourism Ministers’ Conference
  • Ministry of Water Resources
  • Ministries of Water Resources and Environment & Forests to Work in Close Tandem for Ganga Rejuvenation
  • Min of Youth Affairs & Sports
  • National Sports Awards – 2014

Previous Date

 
Prime Minister's Office06-June, 2012 20:24 IST
Prime Minister's closing remarks at the Meeting to finalise the Targets for Infrastructure - FY 12-13
Following is the text of the Prime Minister, Dr. Manmohan Singh’s remarks at the meeting to finalise the targets for infrastructure – FY12-13:

“I am very happy that a detailed exercise has been undertaken for finalising targets for the major infrastructure sectors for the year 2012-13. We are all aware of the need to give a major push to these important sectors and today’s exercise is a part of our efforts in that direction. I would like to compliment all those who have been associated with this very important exercise.

After achieving remarkably high growth rates over the past eight years and emerging as the second-fastest growing large economy in the world, we are now running into more turbulent weather. The global economy is passing through difficult times with the Eurozone being the cause of concern all around. There is a flight to safety taking place globally. Then there has been the persistent problem of rising international prices of petroleum and other commodities in the last few years. Domestically, rising demand, along with supply side bottlenecks have contributed to inflationary pressures. All these factors combine to constitute a formidable economic challenge.

In these difficult times, we must do everything possible to revive business and investor sentiment. We must work to create an atmosphere which is conducive to investment and to removing any bottlenecks that may be hurting the growth process. We as a government are committed to taking the necessary measures to reverse the present situation and revive and revitalize India's growth story. We are aware that we have to act on multiple fronts to achieve this and we will indeed do all that is required of us.

I am sure all of us would agree that development of infrastructure would always be an integral part of any viable strategy for faster economic development. In the short term, development of infrastructure will boost investment rates across the economy. In the long run, it will remove the supply constraints that affect economic activity in agriculture, industry and trade. The needs of the infrastructure sector are vast – estimated at over $ 1 trillion in the next five years. The government alone cannot invest such huge amounts and therefore it is important that we involve the private sector in our efforts, through Public Private Partnerships.

The targets that we are setting for ourselves today are certainly ambitious and impressive. They are a significant scale up over earlier performance. For example in roads, we plan to award 9,500 kms of roads for construction this year and over 4,000 kms for maintenance under the new system. In Railways we plan to award work on the Elevated Rail Corridor in Mumbai, two new Loco manufacturing units and the PPP stretch of the Dedicated Freight corridor, in addition to redeveloping 4 or 5 stations through PPP mode. In shipping we have set for ourselves the challenging task of awarding work for two new Major PPP Ports, the first in decades, in addition to capacity addition targets which are three times the targets for the last year.

In Civil Aviation, work will be awarded on three new Greenfield airports in Navi Mumbai, Goa and Kannur and new international airports at Lucknow, Varanasi, Coimbatore, Trichy and Gaya. Also, two new hubs will be developed in the country making us a destination as well as a transit point. In Power, we plan to add a record 18,000 MW of capacity.

The challenge now is to work together to achieve these targets, and deal with all the bottlenecks that may come in the way. I would urge all the Ministries to go the extra mile in implementing what we have planned. I would expect them to very expeditiously resolve any inter-ministerial differences or turf battles that might arise as we move forward.

I am encouraged by your efforts and I am confident that we will deliver. I wish you all the very best and I look forward to reviewing the second and third quarterly progress reports.”

***


SC/LM
(Release ID :84737)

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