Search Results for: infrastructure bonds

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Government to boost public spending on infrastructure

Chennai, Jan 19 (ANI): Union Finance Minister Arun Jaitley on Monday (January 19) said that the government will increase public spending on infrastructure in months to come. The government estimates the country needs to spend $800 billion on infrastructure to grow seven percent per annum, sharply higher than around 5.5 percent projected by the Reserve Bank of India for the current fiscal year that ends in March. Addressing Confederation of Indian Industry (CII) summit in India's southern Chennai city, Jaitley said that the public spending on infrastructure would have to increase because the old Purchasing Power Parity (PPP) model was under stress and needed to be revived. Jaitley had promised imminent changes pushing ahead key reforms such as the introduction of a nationwide sales tax. Jan 19, 2015
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Japan Foreign Minister says will invest in India's northeast

New Delhi, Jan 17 (ANI): Japan Foreign Minister Fumio Kishida said on Saturday that Japan would invest in building roads and infrastructure in India's northeast. Building infrastructure such as power plants, industries and telecommunication hubs in the northeast would be a major contributor to connect the key region with Southeast Asian countries. Japan has promised to give India $ 35 billion for developmental projects. Kishida arrived in New Delhi on Friday to co-chair the eighth India-Japan Strategic Dialogue with his Indian counterpart Sushma Swaraj. The two foreign ministers will review all aspects of the bilateral relations and exchange views on regional and international issues of mutual interest. Jan 17, 2015
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Vasundhara Raje emphasizes on trade and infrastructure development for a prosperous Rajasthan

Jaipur, Jan 16 (ANI): Railway Minister Suresh Prabhu inaugurated the CII Partnership Summit which was jointly organized by Government of India and Government of Rajasthan in Jaipur. Minister of State for Commerce and Industry Nirmala Sitharaman and Rajasthan Chief Minister Vasundhara Raje addressed the delegates during the inaugural ceremony. In her address, Raje said that the competition should be in performance and in participation and the relationship between industry and governments now needs to be synergic, each complementing the other, for that alone is the way forward. She added that her vision for Rajasthan is a state with modern infrastructure, expanding opportunities for employment, social security and quality human resources. Jan 16, 2015
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