Modi Highlights Decade of Bold Economic Reforms

08 Sep 2025 CW Team

Prime Minister Shri Narendra Modi reaffirmed the government’s steadfast commitment to economic reforms over the past decade, highlighting transformative measures that have redefined India’s fiscal structure and enhanced its global economic position.

Citing major initiatives such as corporate tax cuts to encourage investment, the implementation of the Goods and Services Tax (GST) to unify the national market, and reforms in personal income tax to improve Ease of Living, Modi emphasised that the reform agenda has consistently been citizen-focused and pro-growth.

He welcomed the ongoing #NextGenGST reforms as a continuation of this journey, aimed at simplifying the tax framework, rationalising rates, and ensuring greater fairness in the system. According to the Prime Minister, these measures are helping to create a more equitable and growth-oriented tax environment.

Modi also credited India’s strong fiscal discipline with earning international confidence, contributing to improved sovereign credit ratings. This fiscal prudence, he said, underpins the trust of global investors and institutions in India’s economic stability.

In response to a post by Shri Vijay on X (formerly Twitter), the Prime Minister stated:

“The last decade has been about bold reforms aimed at transforming India’s economic landscape, from corporate tax cuts that spurred investment, to GST creating a unified market, to personal income tax reforms enhancing Ease of Living.

The #NextGenGST Reforms continue this journey, making the system simpler, fairer and more growth-oriented, while our fiscal discipline has earned global confidence and better credit ratings.

With these efforts, we are laying a strong foundation for a Viksit Bharat.”

Modi’s remarks position the current reforms not only as incremental improvements, but as part of a broader vision to build a developed and self-reliant India.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..