Prime Minister Narendra Modi on Saturday said major global firms are looking at…
CLAT 2020 · Current Affairs and General Knowledge · 5 questions
Prime Minister Narendra Modi on Saturday said major global firms are looking at India as a major investment destination, which is reflected by a robust inflow of Foreign Direct Investment (FDI) last financial year, and through Atmanirbhar Bharat Abhiyan' (Self- Reliant India initiative) the country is shifting its focus from Make in India' to Make for world'. He said Independent India should be vocal for local and asked citizens to glorify Indian products to promote Atmanirbhar Bharat'. Unveiling his vision of a Self-Reliant India, the Prime Minister said that the government has unveiled over Rs 110 lakh crore National Infrastructure Pipeline (NIP) to boost the economy and create jobs. In order to rapidly modernise India, there is a need to give a new direction to overall infrastructure development, he said, adding that over 7,000 projects under NIP have been already identified. This will be, in a way, a new revolution in the field of infrastructure. This is the time to end silos in infrastructure. There is a plan to connect the entire country with multi- model connectivity infrastructure, he said. NIP will play a crucial role in overcoming the adverse impact of Covid-19 on the economy and catapult the economy in a higher growth trajectory, he said. The government on December 31 last year unveiled the NIP with an aim to make India a $5 trillion economy by 2024-25. The focus of the infrastructure pipeline is to accelerate growth and create employment in both urban and rural areas. Source: Excerpt from Hindustan Times, written by Rajeev Jayaswal. (Dated 15th August, 2020)
Question 1
The Government announced a stimulus package under the Self Reliant India Scheme for the amount of .
Under the National Infrastructure Pipeline, the Government plans to invest more than Rs. 102 lakh crore on infrastructure projects by 2024-25, with the Centre, States and the private sector to share the capital expenditure. What is the ratio of such expenditure by each of the stake holders?
PrepTarget