Indian FM Invites Beijing-based AIIB to Participate in $1.4 Trillion National Infrastructure Pipeline
4 years, 4 months ago

Indian FM Invites Beijing-based AIIB to Participate in $1.4 Trillion National Infrastructure Pipeline

News 18  

Finance Minister Nirmala Sitharaman on Tuesday invited Beijing-based AIIB to participate in India's ambitious USD 1.4 trillion infrastructure development programme which the government is keenly pushing to revive economic growth hit by COVID-19 pandemic. "To give a boost to the infrastructure development, India has launched the National Infrastructure Pipeline 2020-2025 with estimated expenditure of USD 1.4 trillion that has created a plethora of fresh investment opportunities for AIIB's partnerships," she said. In her intervention as a Lead Speaker at the round table discussion Sitharaman appreciated AIIB's efforts for fast tracking financial assistance of about USD 10 billion to its member countries including India to combat COVID-19 pandemic. Sitharaman also outlined various measures taken by the Government of India to respond to the COVID-19, including the USD 23 billion Pradhan Mantri Garib Kalyan Yojana and USD 295 billion Atma Nirbhar Bharat Package, which aim at protecting all sectors and sections of the economy.

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History of this topic

₹100 trillion infrastructure plan to roll out over 5 years
2 weeks, 1 day ago

₹100 trillion infrastructure plan to roll out over 5 years

Live Mint  

New Delhi: A grand plan to build India’s infrastructure to a new level is in the works. This person said the capital expenditure for infrastructure is likely to touch ₹100 trillion in five years, which would be used to transform India’s ports, airports, roads and other utilities. The blueprint would include a ₹20-trillion master plan to develop 50,000 km of …

FM Sitharaman urges AIIB to aid low-income nations
2 months, 4 weeks ago

FM Sitharaman urges AIIB to aid low-income nations

Deccan Chronicle  

New Delhi: Union finance minister Nirmala Sitharaman on Wednesday said that Asian Infrastructure Investment Bank should continue to focus on a client-centric approach and facilitate member countries, particularly low-income countries to avail financial resources through technical assistance. “The Union Finance Minister suggested that @AIIBOfficial should continue strengthening its client centric approach and facilitate member countries, particularly Low-Income Countries to avail …

Nirmala Sitharaman to attend AIIB annual meet in Uzbekistan
3 months ago

Nirmala Sitharaman to attend AIIB annual meet in Uzbekistan

The Hindu  

Finance Minister Nirmala Sitharaman will attend the 9th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank scheduled in Samarkand, and hold bilateral meetings with her counterparts from Uzbekistan, Qatar, China, and AIIB President. “In the Annual Meeting of AIIB, the Union Finance Minister will attend as the Indian Governor to the AIIB. The multilateral discussions …

What’s the Budget push for infrastructure?
4 months, 3 weeks ago

What’s the Budget push for infrastructure?

The Hindu  

The story so far: In her Budget proposals for 2024-25, Finance Minister Nirmala Sitharaman has set aside ₹11 lakh crore for capital expenditure, comprising 3.4% of the GDP. With the aim to push States to spend on infrastructure, she said ₹1.5 lakh crore was being made available to them in the form of long-term interest free loans. Under the Sagarmala …

Budget 2024: Placing thrust on infrastructure
5 months ago

Budget 2024: Placing thrust on infrastructure

The Hindu  

Finance Minister Nirmala Sitharaman accelerated the government’s thrust on the crucial infrastructure sector in her seventh successive Budget presentation and the first of PM Modi’s third term. A massive expansion in urban housing at an investment of ₹10 lakh crore, a rural roads programme worth ₹26,000 crore are among the major features of the big infrastructure push. The Indian economy’s …

The budget echoes the Developed India vision
5 months ago

The budget echoes the Developed India vision

Hindustan Times  

Finance minister Nirmala Sitharaman has meticulously assessed India’s economic vitality. New Delhi, India - July 23, 2024: Union Finance Minister Nirmala Sitharaman during Post Budget Press Conference at National Media Centre, in New Delhi, India, on Tuesday, July 23, 2024. Budget 2024 unveiled a comprehensive strategy built on nine foundational pillars — agriculture, employment, inclusive development, manufacturing and services, urban …

Budget 2024: Nirmala Sitharaman announces Rs 1,000 crore fund to boost space economy
5 months ago

Budget 2024: Nirmala Sitharaman announces Rs 1,000 crore fund to boost space economy

India Today  

Finance Minister Nirmala Sitharaman on Tuesday unveiled an ambitious plan to expand India's space economy fivefold over the next decade, marking a significant leap in the country's space aspirations. In a bold move to propel India's space sector forward, Sitharaman announced the establishment of a Rs 1000 crore venture capital fund dedicated to fostering growth and innovation in space technology. …

What is IndiaAI Mission, announced by govt to ‘bolster’ country's AI ecosystem?
9 months, 2 weeks ago

What is IndiaAI Mission, announced by govt to ‘bolster’ country's AI ecosystem?

Hindustan Times  

The government on Thursday announced the national-level IndiaAI Mission with a budget outlay of ₹10,371.92 crore. Here is all you need to know about IndiaAI Mission: The IndiaAI Mission has various components, namely IndiaAI Compute Capacity, IndiaAI Innovation Centre, IndiaAI Datasets Platform, IndiaAI Application Development Initiative, IndiaAI FutureSkills, IndiaAI Startup Financing, and Safe & Trusted AI. Under IndiaAI Compute Capacity, …

India Needs $840 Billion Investment In Infra By 2036: World Bank
10 months, 3 weeks ago

India Needs $840 Billion Investment In Infra By 2036: World Bank

Deccan Chronicle  

Chennai: By 2036, India will need to invest $840 billion in infrastructure - an average of $55 billion or 1.2 per cent of GDP per annum, finds the World Bank. By 2036, India will need to invest $840 billion in infrastructure - an average of $55 billion or 1.2 per cent of GDP per annum. However, estimates suggest that between …

India’s Infrastructure Push Is Key to Taking on China
11 months, 3 weeks ago

India’s Infrastructure Push Is Key to Taking on China

Live Mint  

The coming few years will be a litmus test for India’s ambition to become a manufacturing hub rivaling China. India’s National Infrastructure Pipeline envisages 111 trillion rupees, equivalent to $1.33 trillion, of infrastructure capital expenditures from fiscal years 2020 to 2025. India’s focus on shoring up its shoddy infrastructure is critical to attracting dollars into the fledgling manufacturing sector, which …

Infrastructure major gets Letter of Intent for new infra project in Gujarat as India eyes developed nation tag
1 year, 3 months ago

Infrastructure major gets Letter of Intent for new infra project in Gujarat as India eyes developed nation tag

India TV News  

Infrastructure is pivotal to economic growth. The government's focus on the country's infrastructural needs through various schemes and policies is key to achieving the 2047 vision of reclassifying from a developing economy to a developed economy. Looking to cash in on the opportunity, Gujarat-based infra major Shashijit Infraprojects has announced that it has secured a Letter of Intent from Hari …

Asian Infrastructure Investment Bank | Banking on China
1 year, 6 months ago

Asian Infrastructure Investment Bank | Banking on China

The Hindu  

Canada’s decision to “immediately halt” its involvement in the Asian Infrastructure Investment Bank has brought the spotlight to the inner workings of the Beijing-based multilateral development bank. At the bank’s launch in 2016, Mr. Xi said the goal was for “member states act in strict compliance with multilateral procedures, making sure that the AIIB becomes a truly international, rule-based and …

What is Asian Infrastructure Investment Bank? India, its largest borrower, accused of Chinese influence
1 year, 6 months ago

What is Asian Infrastructure Investment Bank? India, its largest borrower, accused of Chinese influence

Hindustan Times  

The Asian Infrastructure Investment Bank is under scrutiny after its Canadian communications chief resigned over what he called China's undue influence in the multilateral organisation. Concerns Critics led by the United States worried that the AIIB would set much lower standards for projects that would undermine principles of social, environmental and economic sustainability adhered to by other lenders. There were …

Good pipeline of projects in Telangana, more roads, bridges, renewable energy
1 year, 6 months ago

Good pipeline of projects in Telangana, more roads, bridges, renewable energy

The Hindu  

Telangana has responded with a good pipeline of projects and going forward likely to see more demand from projects to develop roads, highways and bridges as well as renewable energy and warehousing facilities, according to India Infrastructure Finance Company Managing Director P. R. Jaishankar. A government of India enterprise providing financial solutions to all sub-sectors of the infrastructure sector in …

Tracking the impact of U.S.-China tensions on global financial institutions
1 year, 7 months ago

Tracking the impact of U.S.-China tensions on global financial institutions

NPR  

Tracking the impact of U.S.-China tensions on global financial institutions Enlarge this image toggle caption Fred Dufour/AFP via Getty Images Fred Dufour/AFP via Getty Images How have the rising geopolitical tensions between the United States and China impacted the Chinese-led Asian Infrastructure Investment Bank? "Regardless of the bilateral issues, which seems to be troubling these two big countries, AIIB has …

World Bank to lend $1 billion to support India’s health sector
1 year, 9 months ago

World Bank to lend $1 billion to support India’s health sector

The Hindu  

The World Bank is lending up to $1 billion to help India with preparedness for future pandemics as well as to strengthen its health infrastructure. Through this combined financing of $1 billion, the bank will support India’s flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission, launched in October 2021, to improve the public healthcare infrastructure across the country. The $500-million Public …

Morning Digest: February 2, 2023
1 year, 10 months ago

Morning Digest: February 2, 2023

The Hindu  

Jobs get highest mention in last Budget before elections In a bid to soothe several votebanks before the 2024 polls, the FM promises tax relief for the salaried middle class, schemes for artisans and tribal groups, sops for women and MSMEs, and jobs for youth. Defence budget up by 13%; hike in allocation for pension The Union Budget presented in …

FM Sitharaman renews Centre’s outreach to states, continues 50-yr interest free loan
1 year, 10 months ago

FM Sitharaman renews Centre’s outreach to states, continues 50-yr interest free loan

Hindustan Times  

Renewing the Centre’s outreach to the states ahead of a series of assembly elections and the 2024 Lok Sabha polls, finance minister Nirmala Sitharaman proposed to continue the Union government’s 50-year interest free loan for states by another year. Union finance minister Nirmala Sitharaman at a post-budget press conference in New Delhi on Wednesday The government also announced in the …

Union Budget 2023 AI Nirmala Sitharaman Artificial Intelligence Make India Work
1 year, 10 months ago

Union Budget 2023 AI Nirmala Sitharaman Artificial Intelligence Make India Work

ABP News  

Artificial Intelligence is slowly taking over the world, and it appears that India is wholeheartedly looking to tap into the sector, with plans to set up "centres of excellence" to develop AI technology. Sitharaman announced that in order to help realise the vision of "Make AI In India and Make AI work for India," three centres of excellence for artificial …

Budget 2023: ‘50-year interest-free loans for states to continue…’, says FM
1 year, 10 months ago

Budget 2023: ‘50-year interest-free loans for states to continue…’, says FM

Hindustan Times  

Finance Minister Nirmala Sitharaman on Wednesday announced that the Centre will continue 50-year interest-free loans to state governments for one more year. Budget 2023: ‘50-year interest-free loans for states to continue…’, says FM Check budget live updates here Presenting the Budget for 2023-24, she said the newly established infrastructure finance secretariat will assist in attracting more private investment. On October …

Budget 2023 | Government to continue 50-year interest-free loans to States for another year: FM Nirmala Sitharaman
1 year, 10 months ago

Budget 2023 | Government to continue 50-year interest-free loans to States for another year: FM Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on February 1 announced that the Centre will continue 50-year interest-free loans to State governments for one more year. Budget 2023 | Record allocation of ₹2.4 lakh crore for Railways On October 13 last year, Prime Minister Narendra Modi had launched the Gati Shakti - National Master Plan, aimed at developing integrated infrastructure to reduce logistics …

Budget 2023 | India has made significant progress in many SDGs: Finance Minister
1 year, 10 months ago

Budget 2023 | India has made significant progress in many SDGs: Finance Minister

The Hindu  

India has made significant progress in many Sustainable Development Goals and the per capita income has increased to ₹1.97 lahks, Finance Minister Nirmala Sitharaman said on February 1. According to the Center for Science and Environment’s 'State of India’s Environment Report 2022', the country's overall SDG score was 66 out of 100. The 2030 Agenda for Sustainable Development, with its …

Economic Survey 2022-23 | PM GatiShakti, National Logistics Policy to support India's economic growth
1 year, 10 months ago

Economic Survey 2022-23 | PM GatiShakti, National Logistics Policy to support India's economic growth

The Hindu  

Support for India's economic growth will come from path-breaking measures such as PM GatiShakti, National Logistics Policy and Production-Linked Incentives schemes, according to the Economic Survey 2022-23. The Economic Survey 2022-23 was tabled in Parliament by Finance Minister Nirmala Sitharaman on January 31. Union Budget Session | Two colleges established in the country every day, says President Murmu Noting that …

Budget 2023: Asset Monetisation May Determine Budgetary Support To Infrastructure, Says Report
2 years ago

Budget 2023: Asset Monetisation May Determine Budgetary Support To Infrastructure, Says Report

ABP News  

The Union Finance Ministry may link budgetary support to infrastructure ministries with the performance of their asset monetisation in Budget 2023-24, which will be presented by Nirmala Sitharaman on February 1, according to a report in Mint. A senior finance ministry official told Mint, “Performance in asset monetization will be one of the factors taken into account in determining budgetary …

FM urges AIIB to scale up investment in renewal energy, smart technologies
2 years, 1 month ago

FM urges AIIB to scale up investment in renewal energy, smart technologies

Deccan Chronicle  

NEW DELHI: Finance Minister Nirmala Sitharaman on Friday asked the Asian Infrastructure Investment Bank to scale up investment in renewal energy and smart technologies and also urged the multilateral agency to set up a regional office in India. AIIB President Jin Liqun called upon the finance minister here and discussed various issues of relevance to the bank. @nsitharaman suggested that …

Externally Aided Projects should be completed on time, says Jagan
2 years, 3 months ago

Externally Aided Projects should be completed on time, says Jagan

The Hindu  

Jagan Mohan Reddy on Friday said that the Externally Aided Projects which are being executed at a cost of Rs. During a review meeting, Mr. Jagan Mohan Reddy said that the projects came with the aid of the New Development Bank, the Asian Infrastructure Investment Bank, the Japan International Cooperation Agency, the World Bank and KFB. This subject should be …

Finance Minister Sitharaman meets IMF chief, discusses impact of recent 'geopolitical developments' on global economy
2 years, 8 months ago

Finance Minister Sitharaman meets IMF chief, discusses impact of recent 'geopolitical developments' on global economy

Firstpost  

During the meeting, IMF Chief Kristalina Georgieva highlighted India’s well-targeted policy mix that has helped the Indian economy remain resilient even with a limited fiscal space Washington: Finance Minister Nirmala Sitharaman on Tuesday held talks with IMF chief Kristalina Georgieva during which they voiced concern over the impact of the recent “geopolitical developments” on the global economy and the challenges …

AIIB projects $50b investment for climate finance by 2030
3 years, 1 month ago

AIIB projects $50b investment for climate finance by 2030

China Daily  

A view of the headquarters building of the Asian Infrastructure Investment Bank in Beijing. The Asian Infrastructure Investment Bank said on Tuesday it estimates its cumulative climate finance approvals to reach $50 billion by 2030, representing a fourfold increase in annual climate finance commitments since AIIB started publicly reporting the number in 2019. Speaking at a news conference on the …

Decoding India’s asset monetization gambit
3 years, 2 months ago

Decoding India’s asset monetization gambit

Live Mint  

KOTTAYAM : In the early 1990s, after being repeatedly frustrated by the jumbled and circuitous rail routes along India’s western coast, the Indian Railways decided to construct a new independent rail network along the Konkan coast. To recover the ₹3,600 crore spent on the Konkan line, the Indian Railways effectively hiked the freight rates by using a formula called “chargeable …

OPINION: Demystifying National Monetisation Pipeline and Why India Needs It
3 years, 3 months ago

OPINION: Demystifying National Monetisation Pipeline and Why India Needs It

News 18  

India’s National Infrastructure Pipeline envisages an infrastructure investment of Rs 111 lakh crore over a period of five years. One of the strategies among them is ‘asset monetisation’ and the government has paved the way for preparation of a National Monetisation Pipeline of potential brownfield infrastructure assets to provide a medium-term roadmap for monetisation and give potential investors a ready …

Gatishakti scheme to provide framework for National Infrastructure Pipeline plan: Gadkari
3 years, 3 months ago

Gatishakti scheme to provide framework for National Infrastructure Pipeline plan: Gadkari

The Hindu  

Union Minister Nitin Gadkari on September 2 said the ₹100 lakh crore-Gatishakti scheme will provide a framework for the National Infrastructure Pipeline programme and make Indian products more competitive by cutting down logistic costs and improving supply chains. Addressing the American Chamber of Commerce’s 29th AGM, Mr. Gadkari also sought investments in the road sector from insurance and pension funds …

Asset Monetisation Plan of Modi govt and Congress lies about it
3 years, 3 months ago

Asset Monetisation Plan of Modi govt and Congress lies about it

Op India  

Earlier this week, the union government unveiled the National Monetisation Pipeline, through which several national infrastructure assets are being monetised. Contrary to the Congress claim that the Modi govt is selling not just land but also the air, actually, land assets are not included in the monetisation pipeline. The Asset Monetisation Pipeline does not even include monetisation through disinvestment and …

Government Targeting Road Construction Worth Rs 15 lakh Crore in Next 2 Years
3 years, 7 months ago

Government Targeting Road Construction Worth Rs 15 lakh Crore in Next 2 Years

News 18  

The Centre is giving utmost priority to the development of infrastructure and has set a target of road construction worth Rs 15 lakh crore in the next two years. The Minister was confident that his ministry will achieve target of 40 kilometres per day of highways construction in current fiscal, saying “the government is permitting 100 per FDI in road …

FM Nirmala Sitharaman calls for greater capitalization of NDB
3 years, 8 months ago

FM Nirmala Sitharaman calls for greater capitalization of NDB

Live Mint  

Union finance minister Nirmala Sitharaman on Tuesday urged the Brics -led New Development Bank to improve its ratings by international rating agencies through adequate capitalization, quality governance and prudent management. At the sixth annual meeting of the board of governors of NDB held via videoconference, Sitharaman highlighted NDB’s role in countercyclical lending through a $10 billion emergency assistance programme for …

Nirmala Sitharaman’s Budget 2021 Focuses on What the Economy Needs—Investment in Infrastructure
3 years, 10 months ago

Nirmala Sitharaman’s Budget 2021 Focuses on What the Economy Needs—Investment in Infrastructure

News 18  

The Budget 2021 presented by Union Minister of Finance Nirmala Sitharaman is expected to reinvigorate the economy post-pandemic. Further, the government has announced the capex budget will be up over 34 per cent to Rs 5.54 lakh crore and, in addition to this, there is a substantial allocation for roads and railways. The other key takeaway from Finance Minister Nirmala …

A look at the winners and losers of Nirmala Sitharaman's Budget 2021
3 years, 10 months ago

A look at the winners and losers of Nirmala Sitharaman's Budget 2021

India Today  

Amid the sweeping economic distress triggered by the Covid-19 pandemic, Finance Minister Nirmala Sitharaman on Monday presented the Union Budget 2021, giving major emphasis to healthcare and infra sectors while leaving direct taxes unchanged. Here is a look at the gainers and losers from Budget 2021: WINNERS Healthcare Finance Minister Nirmala Sitharaman put health and well being as one of …

India considers creating bank with $13.7 billion equity capital to fund roads
3 years, 11 months ago

India considers creating bank with $13.7 billion equity capital to fund roads

Hindustan Times  

India is considering a proposal to create a bank to help fund port, road and power projects as Prime Minister Narendra Modi’s administration aims to lift Asia’s third-largest economy out of the recession. India faces the challenge of boosting spending on productive assets that aid economic growth after being forced to direct the bulk of stimulus last year on the …

Nirmala Sitharaman press meet updates | Finance Minister announces 12 schemes to boost economy
4 years, 1 month ago

Nirmala Sitharaman press meet updates | Finance Minister announces 12 schemes to boost economy

The Hindu  

A day after announcing a scheme to boost manufacturing sector, Finance Minister Nirmala Sitharaman is meeting the press to announce more stimulus. The government on Wednesday approved a Production-Linked Incentive scheme for ten key sectors, including telecom, automobiles and pharmaceuticals, taking the total outlay for such incentives to nearly Rs 2 lakh crore over a five-year period. 3000 crore for …

ADB Should Step Up Lending, Private Sector Operations to Help Employment Generation: Sitharaman
4 years, 3 months ago

ADB Should Step Up Lending, Private Sector Operations to Help Employment Generation: Sitharaman

News 18  

Appreciating the assistance extended by the Asian Development Bank in fight against COVID-19, Finance Minister Nirmala Sitharaman on Friday urged the multilateral lending agency to increase the quantum of lending and private sector operations with a view to ameliorate poverty and promote employment generation. Addressing the 53rd annual meeting of the Board of Governors of the ADB through video conference, …

Xi expected to support AIIB in financing recovery
4 years, 4 months ago

Xi expected to support AIIB in financing recovery

China Daily  

President Xi Jinping chairs the Extraordinary China-Africa Summit on Solidarity against COVID-19 and delivers a keynote speech at the summit in Beijing, capital of China, June 17, 2020. President Xi Jinping is set to address a key meeting of the Asian Infrastructure Investment Bank on Tuesday at which analysts said he may unveil more policies to support the bank as …

AIIB has proved to be an effective facilitator of international cooperation: China Daily editorial
4 years, 4 months ago

AIIB has proved to be an effective facilitator of international cooperation: China Daily editorial

China Daily  

The sign of Asian Infrastructure Investment Bank is pictured at its headquarters in Beijing, July 27, 2020. President Xi Jinping has on many occasions stressed that peace and development remain the call of our times, and in his speech at the opening ceremony of the Fifth Annual Meeting of the Asian Infrastructure Investment Bank on Tuesday, he once again urged …

Xi expected to support AIIB in financing recovery
4 years, 4 months ago

Xi expected to support AIIB in financing recovery

China Daily  

President Xi Jinping chairs the Extraordinary China-Africa Summit on Solidarity against COVID-19 and delivers a keynote speech at the summit in Beijing, capital of China, June 17, 2020. President Xi Jinping is set to address a key meeting of the Asian Infrastructure Investment Bank on Tuesday at which analysts said he may unveil more policies to support the bank as …

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