New Delhi, June 29 (IANS) In a major push to infrastructure financing and long-term economic development, the Union Cabinet chaired by Prime Minister Narendra Modi on Monday approved an additional government investment commitment of Rs 30,000 crore to the National Investment and Infrastructure Fund (NIIF). The fresh allocation doubles the Government of India’s total commitment to the sovereign-backed investment platform to Rs 60,000 crore.The decision is aimed at accelerating investments in cr…
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New Delhi, June 11 (IANS) Finance Minister Nirmala Sitharaman said on Thursday that India continues to be among the world’s fastest-growing major economies, with GDP growth projected to remain robust at around 7 per cent over the medium term.Highlighting India’s remarkable economic progress in recent years through the visionary leadership of Prime Minister Narendra Modi, and India’s commitment to the mantra of ‘Reform, Perform, and Transform’, Finance Minister said that our growth is pri…
New Delhi, May 15 (IANS) External Affairs Minister (EAM) S Jaishankar on Friday underlined the need for credible and reformed multilateralism in world which is “more interconnected, complex and multipolar”. While chairing the BRICS Foreign Ministers’ Meeting session on ‘Reforms of Global Governance and Multilateral System’, EAM Jaishankar stressed that the United Nations’ effectiveness and credibility will remain constrained without expansion of permanent and non-permanent categories.He highligh…
Washington, April 16 (IANS) The World Bank Group has launched a global initiative to improve water security for one billion people by 2030, linking access to reliable water directly to jobs, economic growth and stability across developing economies. The platform, called Water Forward, aims to align reforms, financing and partnerships to expand water services and strengthen resilience to droughts and floods.“Water is foundational to how economies function. When water systems work, farmers produ…