Government policies, leadership stories and much more
The overall, sharp rebound and recovery of the economy from the adverse effects of the pandemic is reflective of our country’s strong resilience. This was stated by Union Minister for Finance and Corporate Affairs Smt Nirmala Sitharaman while presenting the Union Budget in Parliament on Tuesday.
The Finance Minister said, India is celebrating Azadi ka Amrit Mahotsav and it has entered into Amrit Kaal, the 25-year-long leadup to India@100, the government aims to attain the vision of Prime Minister outlined in his Independence Day address
PM GatiShakti is a transformative approach for economic growth and sustainable development. The approach is driven by seven engines, namely, Roads, Railways, Airports, Ports, Mass Transport, Waterways, and Logistics Infrastructure. While presenting the Union Budget 2022-23 in Parliament on Tuesday the Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman said all seven engines will pull forward the economy in unison.
Digital currency will also lead to a more efficient and cheaper currency management system, the Minister stated. The Digital Currency will use block chain and other technologies.
The Indian Space Research Organisation’s (Isro) National Remote Sensing Centre (NRSC) has identified and mapped more than 1,300 islands and submitted the report to the government, which is expected to use the information for holistic planning and development, including putting in place infrastructure for strategic reasons.
Under the able leadership of the Prime Minister, PM- Gati Shakti is a great initiative to make India a superpower of the world, with the prowess of best infrastructure. In the earlier governments, there was no determination about the formulation and implementation of developmental schemes, but now the picture has changed, he added.
ite the epidemic, President Ram Nath Kovind stated on Monday that the country’s farm output and procurement grew during the 2020-21 crop year, and agricultural exports hit a new high of Rs 3,00,000 crore (US$ 40.19 billion).
Security Printing and Minting Corporation of India Limited (SPMCIL) under its modernization initiatives has set up New Bank Note Printing Lines each at Currency Note Press, Nashik and Bank Note Press, Dewas.
In the last 12 months, fintech firm BharatPe has increased the reach of its PoS (point of sale) business (BharatSwipe) by 25 times to over 250 cities. The company has deployed over 1.25 lakh BharatSwipe machines across offline retailers since launching its POS business in the second half of 2020. BharatPe claims it has done the fastest-ever scale-up on POS business in India, achieving this record in little over a year and a half.
Modi also emphasised the concerns of “one nation, one election” and “one nation, one voters’ list” in an encounter with BJP workers from throughout the country, saying that the continual cycle of elections results in politics being visible in everything while development efforts suffer.
