NEW DELHI: “We have set the ball rolling for a new India,” Finance Minister Nirmala Sitharaman said. “India will become a $3 trillion economy in the current year. It is now the sixth-largest economy, five years ago it was 11th. We are already number three in terms of purchasing power parity. “It took India 55 years to reach a $1 trillion economy. When hearts are with hopes and aspirations, we added $1 trillion in just five years. The common man was served even when transformational reforms were laid out. We have to invest heavily in infrastructure. Citizens felt the difference in every nook and corner. Our focus has been ‘mazboot desh ke liye mazboot nagrik’ (strong citizens for a strong nation),” Nirmala Sitharaman added.
“It’s time to take capital markets closer to the masses. We propose to initiate steps for an electronic fundraising platform to list social enterprises and voluntary organisations. This will help social enterprises working for welfare raise capital,” Finance Minister Nirmala Sitharaman continued, “Our current rental laws are archaic. Modern tenancy law will be finalised and circulated to states. Several reforms to promote rental housing will be taken up.”
“The people of India have validated their two goals for our country’s future: national security and economic growth. India’s first indigenous payment ecosystem for transport based on National Common Mobility Card was launched by the Prime Minister in March 2019, enabling people to pay multiple types of transport charges… 657 km of metro rail network has become operational in the country. FAME II scheme aims to encourage faster adoption of electric vehicles by right incentives and charging infra,” Nirmala Sitharaman said. (Agencies)
Comment