"In most other industries, we have been followers. But in this case, we can take the lead and crack the world markets by expanding exports of electric vehicles. Electric mobility is a sector which will drive economic activity in [the] coming years."
Union Finance Minister, Nirmala Sitharaman in her Budget speech on Friday proposed that railways should use Public Private Partnership (PPP) model for faster development, rolling stock manufacturing and the delivery of freight.
With the Indian economy expected to grow only marginally higher this fiscal, the government has set a realistic target for Goods and Services Tax (GST) and anti-evasion measures will be taken to increase the efficiency of revenue collections, Revenue Secretary Ajay Bhushan Pandey said Saturday.
Subhash Palekar — came in the Union Budget speech of Nirmala Sitharaman, where she talked of the need to “go back to basics” and “replicate this innovative model (that) can help in doubling our farmers’ income in time for our 75th year of Independence”.
It pointed out that fellowships and scholarships for PhD and post-doctoral courses have constantly declined since 2014-15 - from Rs 602 crore to Rs 283 crore in 2019-20 for SC students and from Rs 439 crore to Rs 135 crore for ST students.
According to the Prime Minister, an increase in per capita income will lead to purchasing power, which in turn will accelerate demand and production of goods and services, eventually creating more employment.