1 February, 2015 AsiaNews.it Twitter AsiaNews.it Facebook            

Help AsiaNews | About us | P.I.M.E. | | RssNewsletter | Mobile





mediazioni e arbitrati, risoluzione alternativa delle controversie e servizi di mediazione e arbitrato
e-mail this to a friend printable version


» 06/07/2012
INDIA
Manmohan Singh: new infrastructures to jumpstart India's economy
PM pledges one trillion dollars in highways, ports and airports over five years. He wants to attract new investments and boost voters' support ahead of the 2014 parliamentary elections.

Mumbai (AsiaNews/Agencies) - India will build new highways, ports, airports and other infrastructures to kick-start the country's economy. "In these difficult times, we must do everything possible to revive investment and business sentiment, both public and private," Prime Minister Manmohan Singh said.

After years of great expansion, 2012 began uphill for India. The economy grew at the slowest rate since 2003 in the first three months of 2012, because of a widening trade gap and poor investment.

Plans should come into effect in this fiscal year and be completed by 2017 with about US$ 1 trillion infrastructure spending.

Projects include 9,500 km in new roads, three new airports in Navi Mumbai, Goa and Kannur. Five airports in Lucknow, Varanasi, Coimbatore, Trichy and Gaya are to be upgraded to international standard. Two new aviation hubs are planned to make India a major transit point. Two new ports should be built in Andhra Pradesh and West Bengal.

"The challenge now is to work together to achieve these targets, and deal with all the bottlenecks that may come in the way," Singh explained.

"I would urge all the ministries to go the extra mile in implementing what we have planned," he said. "I would expect them to very expeditiously resolve any inter-ministerial differences or turf battles that might arise."

Singh's government is facing one of its most challenging periods since taking office in 2004 as it grapples with a trade deficit, elevated inflation, a budget shortfall and corruption scandals.

The hope is that these plans will attract new investments and boost support for the government ahead of the 2014 parliamentary elections.

 


e-mail this to a friend printable version

See also
01/25/2007 INDIA – RUSSIA
Putin in India to renew ties between the two nations
10/25/2006 INDIA
Christian to be India's new defence minister
05/30/2008 INDIA
Economic growth slowing down as rate of inflation catches up
04/23/2007 INDIA
Religious sectarianism only seeks divisions, says PM Singh
by Nirmala Carvalho
07/10/2012 INDIA
Manmohan Singh fails to meet India's expectations
by CT Nilesh

Editor's choices
IRAQ
The children of Mosul and the future: the "five-star" refugee camp
by Bernardo CervelleraIn the garden of the parish of Mar Elia beside the tents there are containers that serve as classrooms for the children and as a library. Another serves as a room for sewing. A children's choir. Fr. Douglas: "Taking care of refugees does not just mean thinking about eating, drinking, medicines, injections, vaccinations ... The displaced persons need to do something and to cultivate hope."
IRAQ
Way of the Cross: the refugees from Mosul beyond the emergency
by Bernardo CervelleraThere are at least half a million people who have taken refuge in Kurdistan to flee from ISIS. In the Shlama Mall at Erbil: 350 people living in the skeleton of a building under construction, with draped sheets and blankets serving as walls. The ordination of a young man, also a refugee, shows that with the flight, there is something that has not been destroyed: the faith, the traditions, the priesthood.
IRAQ - VATICAN
As 'Adopt a Christian from Mosul' continues, Mosul bishop notes that Jesus is born amid refugee containers
by Amel NonaPersecuted by the Islamic state, refugees have lost everything: belongings, home, jobs, school, and their future. Yet, their faith and mission remain strong. For them, almost 900,000 euros have been raised and sent. Pope Francis sends a message of closeness. The campaign continues according to the Patriarch of Baghdad's proposal of fasting and moderation at Christmas and New Year, with the money saved offered to the Christians of Mosul.

Dossier

by Giulio Aleni / (a cura di) Gianni Criveller
pp. 176
Copyright © 2003 AsiaNews C.F. 00889190153 All rights reserved. Content on this site is made available for personal, non-commercial use only. You may not reproduce, republish, sell or otherwise distribute the content or any modified or altered versions of it without the express written permission of the editor. Photos on AsiaNews.it are largely taken from the internet and thus considered to be in the public domain. Anyone contrary to their publication need only contact the editorial office which will immediately proceed to remove the photos.