Page 4 - Development

BS@50: The story of India's 50-year journey of high growth and development

India had started to turn corner around the time Business Standard was born. Attention to under-addressed areas can now put it on course to becoming a truly high-growth, 'high-development' economy

Some people unable to digest India's fast pace of development: V-P Dhankhar

In an apparent swipe at the opposition over its demand for a JPC probe into Hindenburg Research's allegations, Vice President Jagdeep Dhankhar on Tuesday said India is developing at a "nuclear speed" but some people want to "bring instability", and are take randomly surfaced issues as authentic. The remarks came as the opposition stepped up its attack on the government over Hindenburg's allegations against SEBI chairperson Madhabi Buch, with the Congress warning of a nationwide stir if a JPC probe is not initiated. The BJP has dismissed the demand as a "sham" aimed at undermining the Indian economy Dhankhar, who flagged off a 'Tiranga Bike Rally' from Bharat Mandapam, as part of 'Har Ghar Tiranga' campaign, said in his address that "Fellow citizens, our pace of development is such that we are moving ahead at a nuclear speed. Some people are unable to digest it, they want to bring obstruction and instability". "They think that if India keeps moving at this place them it will definite

Govt dedicated to working for overall welfare of society: Tripura CM

Saha reiterated that the government is committed to serving the people

Viksit Bharat a vision document in work for a developed India by 2047: Govt

Viksit Bharat is not a project but a vision document under preparation, outlining the growth trajectory for India to become a developed nation by 2047, the government said on Monday. Replying to supplementary queries on whether financial assistance has been provided to states for Viksit Bharat projects during the Question Hour in the Rajya Sabha, Union Minister for Planning Rao Inderjit Singh said, "It is not a project per se". Viksit Bharat, Sing said, "It is a vision document that is under preparation...As Viksit Bharat is not a project, therefore, provision of financial assistance to states does not arise". Replying to a question on the policy steps taken in the infrastructure and connectivity sector to boost growth and development, the minister stated that the government firmly believes that these sectors are going to be growth engines for Viksit Bharat. "Infrastructure development is an ongoing priority of the government to boost growth and development," the minister added.

Waiting for takeoff

India needs a clear road map for development

CM Majhi seeks cooperation from central officers to build 'New Odisha'

Chief Minister Mohan Charan Majhi on Sunday sought cooperation of senior officers from the state working in various central government departments to help build a 'New Odisha' by 2036, marking the state's 100th year of formation. Speaking to reporters in New Delhi after a meeting with Odisha cadre IAS and other senior officers on central deputation, Majhi emphasised the state's mission to become a developed state by 2047, coinciding with India's 100 years of Independence. The meeting was attended by Deputy Chief Ministers K V Singh Deo and Pravati Parida, Chief Secretary Manoj Ahuja, and other senior Odisha government officials. "The state government is working on a mission mode, implementing a 100-day action plan, a five-year plan, a 12-year programme leading up to 2036, and a vision extending to 2047," Majhi said. In a press statement, the Chief Minister's Office (CMO) highlighted Majhi's call for the officers' cooperation to expedite the implementation of proposals presented at

E-commerce as a major building block for Viksit Bharat@2047

The biggest support these enterprises need is in their marketing, access to domestic and international markets, and handholding, wherein e-commerce steps in a big way

Strengthening of local governments crucial in realising SDGs: CAG

Strengthening of local governments is crucial in realizing Sustainable Development Goals (SDGs), fostering grassroot engagement, and nurturing citizen ownership and accountability, Comptroller and Auditor General of India Girish Chandra Murmu said on Thursday. Local governments are key allies in global development efforts, essential for crafting and executing policies effectively, he said after inauguration of the International Centre for Audit of Local Governance (iCAL) here. They (local governments) operate at the grassroot level, promoting economic growth while addressing global challenges, such as climate change and the preservation of the blue economy, Murmu said. The iCAL is thus envisioned as a collaborative platform uniting policymakers, administrators, and auditors involved in local governments. This centre is committed to engaging with elected representatives, executive officials and auditors of local governments across India and from Supreme Audit Institutions (SAIs) and

Development of Pandharpur only after consulting local people: CM Shinde

Maharashtra Chief Minister Eknath Shinde on Tuesday said the development of the temple town Pandharpur will be carried out only after consulting residents, ensuring that no decision is imposed on them. Talking to reporters on the eve of Ashadhi Ekadashi, Shinde stressed the the necessity for comprehensive development in Pandharpur, a town visited by lakhs of warkaris (devotees of Lord Vitthal). As per the convention, the mahapuja of Lord Vitthal is performed by the chief minister and his wife on Ashadhi Ekadashi every year. "Pandharpur's development will be done after taking into consideration the views of people. Local people will be consulted, and no decision will be imposed on them," Shinde said. Notably, the Mahayuti government is planning to develop Pandharpur on the lines of the Kashi Vishwanath corridor. Addressing an event, Shinde also responded to criticism regarding flying in a helicopter to travel to his village in Satara district. He explained that flying saves at leas

The real challenge of Viksit Bharat@2047

The primary hurdle of the 2047 development goal lies in job creation for surplus agricultural workers and fresh workforce entrants

India's development over past 10 yrs has taken world by surprise: PM Modi

India is undergoing a transformation and the pace of development over the past 10 years has taken the world by surprise, Prime Minister Narendra Modi said here on Tuesday. Addressing the Indian diaspora in the Russian capital, Modi said India was changing as it believes in the strength of its 140 crore citizens who are now dreaming of turning their resolve of Viksit Bharat' into reality. Today's India is full of self-confidence, unlike the situation before 2014, and this is our biggest capital, Modi said. When people like you bless us, even the biggest goals can be achieved. You all know that today's India achieves whatever goal it sets its mind to, the prime minister said. The Prime Minister said it was in his DNA to challenge all the challenges and India will write a new chapter of global growth in coming years. Modi said it was exactly a month ago that he took oath as prime minister for the third consecutive term when he had made the resolve to work at thrice the strength and s

Inclusive, equitable development needed for Assam's growth: Guv Kataria

Assam Governor Gulab Chand Kataria has stressed on the development of all communities for holistic growth of the state. He underlined the importance of bringing together the leadership of different communities to ensure inclusive, equitable development. The governor was speaking at the valedictory ceremony of a two-day conference of autonomous councils, which are not covered under the Sixth Schedule of the Constitution, here on Saturday, an official release said. Leaders of Rabha-Hasong, Mising, Tiwa, Deuri, Thengal-Kachari, Sonowal-Kachari, Bodo-Kachari, Moran and Mottock communities and Kamatapur area, which have been formed into autonomous councils, participated in the meet. Lauding the initiative of Assam Assembly in organising the meet, he said it will also help in spreading awareness about the spirit associated with the establishment of the Autonomous Councils. The conference has helped in reorienting different functionaries of the autonomous councils about the legislative,

Despite progress, MSMEs still face credit shortages: DG Swaminathan

Swaminathan said that SLBCs should conduct detailed analyses to identify the root causes of stagnant credit growth in certain jurisdictions

Vedanta arm WCL to invest $2 bn for Liberia's socio-economic development

Vedanta Sesa Goa on Friday said that its arm Western Cluster Ltd (WCL) is planning to pump in USD 2 billion for the socio-economic development of Liberia, West Africa. WCL is a wholly-owned arm of Bloom Fountain Ltd, which is a wholly-owned subsidiary of Vedanta Ltd. "Western Cluster Ltd...a key player in Liberia's mining sector, is set to act as a catalyst to Liberia's growth trajectory charted by the new government as it plans to invest USD 2 billion to propel socio-economic development in the region," the company said in a statement. WCL's ongoing initiatives include infrastructure development, community engagement, and generating employment opportunities for local communities. Since its inception in 2011, WCL has invested over USD 300 million towards the socio-economic development of the region, which includes substantial contributions to community development funds and critical infrastructure projects. "We...aim to act as a catalyst to unlock Liberia's economic potential and

Modi govt to continue to balance development, environment protection: Min

The Modi government will continue to balance development with environmental protection and conservation, Bhupender Yadav said on Tuesday after taking over as Union Environment minister. Yadav's role as Environment minister will be crucial as India proposes to host the international climate talks (COP33) in 2028. If accepted, it would be the next major global conference in India after the G20 Summit last year. Listing the major achievements of the Modi-led government, which enters its third consecutive term, he said, "India met the quantitative and qualitative targets set under its Nationally Determined Contributions (NDCs) - the national climate plan to achieve Paris Agreement goals - nine years ahead of schedule." "Our achievements in emission reduction and the renewable energy sector are significant milestones of the Modi government over the past decade," Yadav told reporters. The minister, who also expressed satisfaction with the progress of the cheetah project, said Prime Minis

Pak allocates Rs 3.79 trn for national development plan to boost growth

Pakistan has approved an ambitious national development plan worth Rs 3.79 trillion (USD 13.6 billion) for the next fiscal year as authorities in the cash-strapped country try to use expansionary public investment to boost growth. The decision, taken at the high-level meeting of the National Economic Council (NEC) on Monday, comes just two days before the unveiling of the budget 2024-25 on Wednesday. Prime Minister Shehbaz Sharif chaired the meeting while chief ministers of all four provinces participated in the four-hour-long meeting, the Dawn newspaper reported. The meeting approved a more than 47 per cent increase in the federal Public Sector Development Programme (PSDP) to Rs 1.4 trillion compared to the current year's Rs 950 billion. The Rs 1.4 trillion total federal PSDP would also include foreign financing of Rs 316 billion. The federal development programme goes up by 58 per cent or Rs 1.5 trillion if other Rs 100 billion public-private partnership (PPP) projects are ...

Democracy, DeepTech and a Developed India

India's technology vision for the next decade is ambitious yet attainable

India moving towards Viksit Bharat, focus on women-led development: Kamboj

She stressed that under PM Modi's leadership, India's G20 presidency had ushered in a new era of empowerment with a profound focus on women-led development, marking a change

Completion of projects hallmark of PM Modi's development model, says FM

Sitharaman claimed that prior to 2014, when the Modi government came to power at the Centre, foundations were laid but projects were not completed on time

India shows progress on UN's HDI 2022, ranks 134 out of 193 countries

India's ranking on the United Nations Human Development Index (HDI) improved by one position in 2022 to 134 out of 193 countries ranked compared to 135 out of 191 countries in 2021. On the Gender Inequality Index (GII) 2022, India has been ranked at 108 out of 193 countries with a score of 0.437. Its rank was 122 out of 191 countries with a score of 0.490 in the GII-2021. This shows a significant jump of 14 ranks on the GII-2022 vis-a-vis the GII-2021, the women and child development ministry said. However, the country also has one of the largest gender gaps in its labour force participation rate -- a 47.8 per cent difference between women (28.3 per cent) and men (76.1 per cent). After a drop in its HDI value in 2021 and following a flat trend over the past few years, India's HDI value has increased to 0.644 in 2022, placing the country at 134 out of 193 countries and territories in the just released 2023/24 Human Development Report (HDR). India ranked 135 out of 191 countries in