Home / Knowledge / News / Textiles / FM Arun Jaitley's press conference: Highlights
FM Arun Jaitley's press conference: Highlights
24
Oct '17
Courtesy: Youtube
Courtesy: Youtube
India has remained one of the fastest growing economies in the world for the past few years, and there are strong macroeconomic fundamentals, Union finance minister Arun Jaitley said at a press conference today. India’s foreign reserves have crossed $400 billion in 2017, compared to $100 billion last year, economic affairs secretary Subhash Garg said at the meet.

Main points of the press conference:

  • Effective and targeted government spending is the main priority of the government.
  • Under the BharatMala programme, 34,800 km of roads are to be constructed with an investment of Rs 5,35,000 crore. About 2,000 km of coastal roads to be constructed in Phase I of Bharat Mala.
  • Saubhagya - Pradhan Mantri Sahaj Bijli Har Ghar Yojana – universal electrification launched to ensure last mile connectivity and electricity connections to all remaining unelectrified households in the country by March 2019. Outlay proposed Rs 16,320 crore involving GoI support of Rs 12,319.50 crore.
  • Strong banks are the need of the hour. Government announces public sector banks' capitalisation plan of Rs 2,11,000 crore, of which Rs 1.35 lakh crore will come from recap bonds and Rs 76,000 crore from budgetary support and market-raising. This will improve lending capacity of banks.
  • Further banking reforms on cards. Performance and potential of banks would be watched.
  • Number of registrations under GST up by 35 per cent compared to the pre-GST months, which is a positive sign.
  • The net impact of all steps announced today is likely to strengthen private investment, and in turn give a boost to job creation.

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Amazon

Apparel/Garments | On 23rd Sep 2018

Consumers in Turkey get access to Amazon

Amazon has launched in Turkey giving customers in the country...

Value in omni-channel retail with Flipkart buying: Walmart

Apparel/Garments | On 23rd Sep 2018

Value in omni-channel retail with Flipkart buying: Walmart

With the acquisition of Flipkart, Walmart sees great value in...

E-com to result in common SE Asian consumer market: BCG

Textiles | On 23rd Sep 2018

E-com to result in common SE Asian consumer market: BCG

The rapid spread of e-commerce and digital technologies is binding...

Interviews View All

Top executives, Retailers

Top executives
Retailers

Weak rupee breeds inflation

Vidhyaa Shankar. S, A Ganapathi Chettiar

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Sanjay Yagnik, Maa Tex Speciality

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search