Rajnath Singh India News

128 MoUs, 19 Transfer of Technologies, 4 handing over, 18 product launches and 32 major announcements – Aero India 2021 has been a grand success: Rajnath Singh

Rajnath Singh – Defence Minister:

I express my gratitude to the President of India, Shri Ram Nath Kovind for gracing the Valedictory session of Aero India show in Bengaluru.

It is an honour for all of us that the Supreme Commander of the Armed Forces has complimented the MoD & Forces for Aero India 2021’s success.

This year’s Aero India show has offered a unique platform not only to the Indian public and private sector industry, but also to the global OEMs to forge partnerships, showcase their products and technologies to the potential customers and investors.

I must add that 128 MoUs, 19 Transfer of Technologies, 4 handing over, 18 product launch and 32 major announcements is the vindication that aero India 2021 has been a grand success.

This is evident as more than 16 thousand people have attended Aero India physically and more than 4.5 lakh virtually.

This platform hosted for 540 companies including 84 foreign companies from 55 nations

A delightful sign of public participation in governance: Biren Singh

N Biren Singh – Chief Minister, Manipur:

In a delightful sign of public participation in governance, I’m happy to learn that the Peh (Paoyi) Village Authority situated in the northern fringe of Ukhrul District voluntarily joined the Govt.’s “War on Drugs” and has destroyed the poppy cultivation within its jurisdiction.

The message from the village authority further reads; “In ardent support of your campaign ‘War on drug’, my village has solemnly pledge to make our village ‘a poppy free village’. We’ll continue to support your campaign against drug menace in the state.”

Govt adamant that it will not permit a discussion on the burning issue of Farmers Protests: Shashi Tharoor

Shashi Tharoor – MP, Congress leader :

A frustrating week has come to an end at the Lok Sabha with the government adamant that it will not permit a discussion on the burning issue of Farmers Protests.

Repeated disruptions & adjournments have made a shambles of the national forum for debate & discussion. And democracy?

Shashi Tharoor India News

A momentous occasion for eastern India: Dharmendra Pradhan

Dharmendra Pradhan – Union Minister of Petroleum & Natural Gas

Reviewed preparations at Matix Fertilisers Plant in Durgapur ahead of PM Shri Narendra Modi’s visit to West Bengal on 7th February where he will dedicate key infrastructure projects to the nation.

This will be a momentous occasion for eastern India.

The Dobhi-Durgapur pipeline project apart from providing environment-friendly fuel to households, transport and industries across major towns of Jharkhand and West Bengal will also supply gas to the Durgapur-based Matix Fertilisers and ensure its continuous operations.

Matix Fertilizer plant is one of the world’s largest single-stream ammonia and urea plant.

Commencement of affordable gas supply will boost production of urea, enhance agricultural productivity in the region and also generate direct and indirect employment opportunities.

Contrary to the expectations of a COVID-19 tax, the Government has chosen to fund the budget stimulus through higher borrowing, rather than increased taxes: N Sitharaman

Ministry of Finance:

Union Minister for Finance and Corporate Affairs  Smt. Nirmala Sitharaman said that while the Union Budget 2021-22 provides for enhanced capital expenditure by the Government, it also envisages private sector participation in a big way.

Smt. Sitharaman addressed top CEOs at an virtual interaction with the Confederation of Indian Industry (CII) on the Union Budget 2021-22 here today.

The Finance Minister elaborated that though the Government will provide some capital for the proposed Development Finance Institution (DFI), the DFI will also raise capital from the market.

In addition, the DFI Bill will provide legislative space for private DFIs. Similarly, the Asset Reconstruction Company (ARC) for the management of non-performing assets (NPAs) will be floated as a holding company by the banks themselves, with support from the government.

Sharing the key guiding principles for the budget, Finance Minister emphasised the focus on transparency.

Contrary to the expectations of a COVID-19 tax, the Government has chosen to fund the budget stimulus through higher borrowing, rather than increased taxes.

Elaborating on the thrust areas, the Finance Minister expressed that the stress has been on areas with high multipliers such as infrastructure which would facilitate the private sector, such as power, roads, ports, airports, etc. Healthcare and Agriculture have been the other priorities.

Urging for a continued dialogue, Smt. Sitharaman said that her interactions with CII have helped bring in ‘contemporary thinking in policy making’. 

The Finance Minister promised a ‘honest leakage free implementation’ of the budget proposals.

Sharing the industry response to the budget proposals, Shri Uday Kotak, President, CII, said that the budget was an example of an outstanding policy document which addresses the needs of the economy.

He appreciated the boldness of the announcements, and the focus on growth and transparency.

He complimented the budget team for the mindset of encouraging private enterprise and respecting the markets, as displayed in the budget proposals.

Shri Kotak reassured the Finance Minister that the private sector will help transform India alongside the Government for the common purpose of building a truly great India.

Dr Ajay Bhushan Pandey, Finance & Revenue Secretary, Shri  T. V. Somanathan, Secretary, Expenditure and Shri Tarun Bajaj, Secretary, Economic Affairs besides more than 180 industry captains from across the country, participated in the interaction.

The middle class must.. Speak up!: P Chidambaram

P Chidambaram – Former Union Finance Minister:

What did the middle class of India get from the budget in return for dutifully banging plates and lighting diyas?

Just more cesses on a wide range of items and creeping price increases on LPG, Petrol and Diesel

The middle class must shed its misplaced faith in the government, fear and silence. Speak up!

P Chidambaram - India News
Sri Sri

Sri Sri at Sunrise

A Guru is there to show you what you are. You are not different from Me. Whatever I am, that is what you are. This is your highest possibility: