Thursday, November 21

Tag: Modi

PM Modi Unveils ₹29,400 Crore Infrastructure Bonanza for Mumbai
Blog, Economics, Finance, Goverment Notice/Circulars

PM Modi Unveils ₹29,400 Crore Infrastructure Bonanza for Mumbai

Prime Minister Narendra Modi visited Mumbai today, July 13, 2024, and announced a slew of major infrastructure projects worth over ₹29,400 crore.[1][3] The key projects launched by PM Modi include: Laying the foundation stone for the Thane-Borivali Tunnel Project, valued at ₹16,600 crore. This 11.8 km tunnel will create a direct connection between the Western Express Highway at Borivali and Ghodbunder Road in Thane, reducing travel time by 1 hour.[1] Launching the Goregaon Mulund Link Road (GMLR) project, worth over ₹6,300 crore. This will connect the Western Express Highway at Goregaon to the Eastern Express Highway at Mulund, cutting travel time from 75 minutes to just 25 minutes.[1][3] Initiating the Kalyan Yard remodelling project and the Gati Shakti Multi...
PM Modi Shifts Gears: Overhaul for State-Run Firms, Not Privatization
BFSI, Blog, Economics, Finance

PM Modi Shifts Gears: Overhaul for State-Run Firms, Not Privatization

In a surprising move, Prime Minister Narendra Modi has announced a shift in strategy regarding state-owned enterprises (SOEs). While the government had previously indicated a strong push for privatization, Modi has now opted for a complete overhaul of these firms, aiming to improve their efficiency and competitiveness. This change in direction comes after extensive consultations with industry experts and stakeholders. The government acknowledges that while privatization can be a viable option in certain cases, it believes that a comprehensive revamp of SOEs is crucial for their long-term success. The overhaul will include a multi-pronged approach: Modernization of Operations: SOEs will be equipped with cutting-edge technology and streamlined processes to enhance thei...