English Release 28-February 2015
- Prime Minister's Office
- Text of PM’s reaction on Union General Budget 2015 to DD News
- PM accepts resignation of Dr. R.K. Pachauri from PM's Council on Climate Change
- PM welcomes Union Budget; terms it positive and pragmatic
- PM remembers the dedication, determination and untiring efforts of our scientists on National Science Day
- Department of Atomic Energy
- Physics Utsav-2015 at Bhabha Atomic Research Centre inaugurated by Dr. Sekhar Basu, Director, BARC
- Min for Develop. of North-East Region
- Union Budget fulfills aspirations of the North-Eastern Region and J&K, say Dr. Jitendra Singh
- Min of Defence
- Admiral RK Dhowan, Chief of the Naval Staff
pays Homage to Valiant Armed Forces Personnel
at Noida Shaheed Smarak
- Ministry of Finance
- Budget 2015-16 Marks the Beginning of Co-Operative Federalism and Empowerment of the States.
- Self Employment and Talent Utilisation (SETU) to be Established
- ATAL Innovation Mission (AIM) to be Set up
- Corporate Tax to be Reduced and GST to be Implemented
- National Investment and Infrastructure Fund to be Set up
- Five New Ultra-Mega Power Projects to be Set Up
Second Unit of Kudankulam Nuclear Power Station Will be Commissioned in 2015-16
- Facilities at Cultural World Heritage Sites are to be Restored: Arun Jaitley
- Arun Jaitley Says Development Should be as Green as Possible
- Facilities at Cultural World Heritage Sites are to be Restored: Arun Jaitley
- Education Sector Allocated Rs. 68968 Cr while Rural Development gets Rs 79526 Cr in the Year 2015-16
Task Force to Establish a Sector Neutral Financial Redressal Agency to be Set Up
- Public Debt Management Agency (PDMA) to be Set Up
- Government to Launch A National Skills Mission Soon
Aiims to be Launched in J&K, Punjab, Tamil Nadu, Himachal Pradesh and Assam in 2015-16
- Forwards Markets Commission to be Merged with Sebi
- 8 Centrally Sponsored Schemes Delinked from Support of the Centre
- No Change in the Rate of Personal Income-Tax and The Rate of Tax for Companies on Income in Financial Year 2015-16
- A Trade Receivables Discounting System (TReDS) an Electronic Plateform for Financing of Trade Receivables of MSMES
- Monetising Gold
- Postal Network Spread Across the Country to be Used for Increasing Access to Formal Financial System
- Universal Social Security System for all Specially the Poor and the Under-Privileged:
- Employees Under the Employees Provident Fund(EPF) to be Provided two Options
- Shri Jaitley Announces Measures to Improve the Ease of Doing Business with
Focus to Improve Quality and Effectiveness of Activities Under MGNREGA
- Benefits to Middle Class Tax Payers in the Budget 2015-16
- ‘Act East’ Policy of the Government
- Micro Units Development Refinance Agency (MUDRA) Bank Set up for Small Enterprises
in Lending Priority was Given to SC/ST Enterprises
- Distinction Between Different types of Foreign Investments Done Away to Simplify the Procedure for Indian Companies to Attract Foreign Investment
- Jaitley’s Budget to Create Jobs through Revival of Growth and Investment with Promotion of Domestic Manufacturing and “Make In India”
- Paramparagat Krishi Vikas Yojna to be Fully Supported
- Tax Measures Announced to Promote Swachh Bharat Initiatives and Public Health.
- Finance Minister Shri Arun Jaitley Outlines Measures to Curb Black Money in Budget 2015-16
- Effective and Hassle-Free Agriculture Credit with a Special Focus on Small and Marginal Farmers
- Job Creation Through Revival of Growth and Investment and Promotion of Domestic Manufacturing and ‘Make in India’.
- Investment In Infrastructure To Go Up By Rs.70,000 Crore In Year 2015-16 Over Year 2014-15
- Black Money Bill in the Current Session
- Corporate Tax to be Reduced and GST to be Implemented;
- Eligible Donations to Swachh Bharat Kosh and Clean Ganga Fund to be 100% Deductible
- Effective and Optimal Allocation of Natural Resources and Financial Inclusion Among the Priorities of the Government Enunciated in Budget Speech
- Indirect Tax Proposals to Maximize Benefits to the Economy
- Min of Health and Family Welfare
- Budget is Pro-People, Balanced, Growth-Oriented, Inclusive and Progressive: Shri J P Nadd
- Min of Home Affairs
- Rajnath Singh congratulates Arun Jaitley
- Ministry of Tourism
- Tourist Visa on Arrival Scheme to be Extended to 150 Countries Gradually, Finance Ministe
- Min of Youth Affairs and Sports
- Sports Minister Sarbanand Sonowal congratulates Indian cricket team
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.”
(Release ID :84737)