Modi, Sitharaman Meet Economists Ahead of Union Budget

12 Jul 2024 CW Team

Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman recently held a crucial meeting with leading economists and industry experts to gather insights for the upcoming Union Budget. The meeting aimed to assess the current economic landscape and explore strategies to bolster growth and development.

The discussions focused on key areas such as inflation control, job creation, and boosting investment. Economists emphasised the importance of maintaining fiscal discipline while ensuring adequate public spending to stimulate economic activity. They also highlighted the need for policies that support small and medium-sized enterprises (SMEs), which are vital for job creation and economic stability.

One of the significant topics was the agricultural sector, where experts suggested measures to enhance productivity and income for farmers. The government?s push for digitalization and technological adoption in agriculture was also discussed as a means to modernize the sector and improve efficiency.

Infrastructure development was another critical point, with recommendations for increasing investment in transportation, logistics, and urban development to drive long-term growth. Economists stressed the importance of sustainable and inclusive growth, advocating for policies that address environmental challenges and social inequalities.

The meeting underscored the government?s commitment to formulating a comprehensive and balanced budget that addresses immediate economic challenges while laying the groundwork for future growth. The insights and suggestions from this consultation are expected to play a significant role in shaping the Union Budget, aiming for a robust and resilient economic recovery.

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..