Modi unveils development initiatives and confidence for 2024
ECONOMY & POLICY

Modi unveils development initiatives and confidence for 2024

During his 90-minute Independence Day address from the Red Fort in New Delhi, Prime Minister Narendra Modi expressed confidence in returning to power in 2024 while unveiling a series of development initiatives. The measures include the ₹150 billion Vishwakarma Yojana for skilled workers in traditional crafts, an urban housing plan offering interest rate relief for the poor, and a scheme with women self-help groups to create 20 million 'Lakhpati Didis in villages. Modi also announced an increased target of 25,000 Jan Aushadhi Kendras for affordable generic medicines.

In the lead-up to the upcoming general elections, Modi urged citizens to combat corruption, dynastic politics, and appeasement. He acknowledged the violent ethnic clashes between Meities and Kukis in Manipur, stressing the importance of peace in resolving such issues.

The Prime Minister disclosed plans to support skilled individuals in traditional crafts through the Vishwakarma Yojana, focusing on the Other Backward Class (OBC) community. He emphasized that weavers, goldsmiths, blacksmiths, and similar professions will benefit from this scheme, with an initial allocation of ₹130-150 billion.

Highlighting India's rising global stature, Modi emphasized the country's enhanced standing and the potential to shape the evolving global order post-COVID-19. He underscored India's role as a voice for the Global South and its positive impact on the global economy and supply chain.

Modi's speech drew criticism from opposition parties. The Congress party spokesperson, Pawan Khera, questioned the Prime Minister's stance on corruption and dynastic politics, given his political alliances.

In terms of inflation, Modi acknowledged efforts to control it but cautioned against complacency, especially in the face of a 15-month high retail inflation rate of 7.44% in July.

Modi's address conveyed his ambition to elevate India's global position, with a vision for the nation to achieve developed status by 2047. He emphasized the importance of a strong national character for India's journey towards prosperity and stability in the global scenario.

During his 90-minute Independence Day address from the Red Fort in New Delhi, Prime Minister Narendra Modi expressed confidence in returning to power in 2024 while unveiling a series of development initiatives. The measures include the ₹150 billion Vishwakarma Yojana for skilled workers in traditional crafts, an urban housing plan offering interest rate relief for the poor, and a scheme with women self-help groups to create 20 million 'Lakhpati Didis in villages. Modi also announced an increased target of 25,000 Jan Aushadhi Kendras for affordable generic medicines. In the lead-up to the upcoming general elections, Modi urged citizens to combat corruption, dynastic politics, and appeasement. He acknowledged the violent ethnic clashes between Meities and Kukis in Manipur, stressing the importance of peace in resolving such issues. The Prime Minister disclosed plans to support skilled individuals in traditional crafts through the Vishwakarma Yojana, focusing on the Other Backward Class (OBC) community. He emphasized that weavers, goldsmiths, blacksmiths, and similar professions will benefit from this scheme, with an initial allocation of ₹130-150 billion. Highlighting India's rising global stature, Modi emphasized the country's enhanced standing and the potential to shape the evolving global order post-COVID-19. He underscored India's role as a voice for the Global South and its positive impact on the global economy and supply chain. Modi's speech drew criticism from opposition parties. The Congress party spokesperson, Pawan Khera, questioned the Prime Minister's stance on corruption and dynastic politics, given his political alliances. In terms of inflation, Modi acknowledged efforts to control it but cautioned against complacency, especially in the face of a 15-month high retail inflation rate of 7.44% in July. Modi's address conveyed his ambition to elevate India's global position, with a vision for the nation to achieve developed status by 2047. He emphasized the importance of a strong national character for India's journey towards prosperity and stability in the global scenario.

Next Story
Infrastructure Energy

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Next Story
Infrastructure Urban

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Next Story
Infrastructure Energy

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?