Published By : Admin |
November 5, 2015 | 15:10 IST
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Golden Opportunity: PM Narendra Modi launches three gold schemes
Golden Opportunity: Gold Monetization Scheme, Sovereign Gold Bond Scheme and Indian Gold Coins launched
India has no reason to be described as a poor country; it has 20,000 tonnes of gold: PM Modi
Gold has been a source of women's empowerment in Indian society, says Prime Minister Modi
PM Narendra Modi launches India's first ever gold coin
The Prime Minister, Shri Narendra Modi, today launched three gold related schemes at a function at 7, Race Course Road.
The schemes are – Gold Monetization Scheme, Sovereign Gold Bond Scheme, and India Gold Coins.
In his remarks on the occasion, the Prime Minister described the schemes as an example of "sone pe suhaaga" (icing on the cake).
The Prime Minister said India has no reason to be described as a poor country, as it has 20,000 tonnes of gold. He said the gold available with the country should be put to productive use, and these schemes show us the way to achieve this goal.
The Prime Minister said gold has often been a source of women's empowerment in Indian society, and these schemes will underscore that sense of empowerment.
The Prime Minister spoke of the great bond of trust that the family goldsmith enjoys in India. He said that once the goldsmiths of India gain familiarity with the schemes, they could become the biggest agents of these schemes.
Shri Narendra Modi described the launch of the India Gold Coins, bearing the Ashok Chakra, as a matter of pride for the nation. He said people would no longer have to depend on foreign minted gold bullion or coins.
The Prime Minister also launched a website on these schemes, and distributed Certificates of Investment to six initial investors.
Union Finance Minister Shri Arun Jaitley, Union Minister of State (I/c) for Commerce Smt. Nirmala Sitharaman, and Union Minister of State for Finance Shri Jayant Sinha were present on the occasion.
Cabinet approves Ahmedabad Metro Rail project Phase 2A (Koteshwar Road to Airport corridor)
June 10, 2026
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The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved Phase 2(A) of Ahmedabad Metro Rail Project with corridor for a length of 6.032 Km with 05 stations (04 Elevated and 01 underground). On operationalisation of Phase 2(A), Ahmedabad-Gandhinagar will have 77.63 Km of active Metro Rail Network. The names of stations in the Phase 2(A) Corridor are- Ashram Road, Koteshwar Prachin Mandir, Sabarmati River, Sardar Nagar and Airport.
The total completion cost including IDC (Interest during Construction) for the project will be Rs.2,169.04 crore.
Benefits and Bolstering Growth:
The Phase 2(A) of Ahmedabad Metro Rail Project represents a significant advancement in the city’s infrastructure development. Phase 2(A) acts as a major expansion of the Metro Rail Network in the city.
Enhanced Connectivity:
Phase 2(A) of the Ahmedabad Metro Project envisages the development of approximately 6.032 km of new metro corridor, aimed at substantially enhancing public transportation by providing seamless connectivity to the airport and linking key residential and commercial areas that presently lack efficient transit access.
This phase aims to seamlessly integrate key zones, including residential & Commercial hubs with existing Ahmedabad-Gandhinagar corridor. Further, likelihood of sports facilities also being developed in the vicinity for the World Police Games 2029 and Commonwealth Games 2030.
By bridging these vital areas with the metro network, Phase 2(A) will not only enhance connectivity but also stimulate economic activity, tourism, and ease urban mobility for both residents and visitors.
Reduction in Traffic Congestion: Metro Rail as an efficient alternate road transport and with Phase 2(A) as an extension of the Metro Rail network to the Airport, will be particularly impactful inside Ahmedabad. Reduction in road traffic can lead to smoother movement of vehicles, reduction in travel time, increasing overall road safety etc.
Environmental Benefits: With the addition of Phase 2(A) of Ahmedabad Metro Rail Project and increase in overall Metro Rail Network in Ahmedabad & Gandhinagar cities, can significantly reduce carbon emissions compared to traditional fossil fuel-based transport.
Economic Growth: Reduced travel times and improved access to different parts of the city such as Airport, Railway Stations and Bus Depots can enhance productivity by allowing individuals to reach their workplaces and destinations more efficiently. Also, the enhanced connectivity can stimulate local businesses, especially in areas near new metro stations which can also attract investment and development in previously less accessible regions.
Social Impact: The expansion of Phase 2(A) Metro Rail network in Ahmedabad will provide more equitable access to public transport, benefiting diverse socio-economic groups and reducing transport disparities which will contribute to a higher quality of life by reducing commute times and improving access to essential services. The Phase 2(A) of Ahmedabad Metro Rail Project is set to be a transformative development for the city. It promises to deliver enhanced connectivity, reduced traffic congestion, environmental benefits, economic growth, and improved quality of life. By addressing key urban challenges and providing a foundation for future expansion, Phase 2(A) will play a crucial role in shaping the city's development trajectory and sustainability.
The Ahmedabad Metro Phase 2A will generate employment of around 2,000 persons during the peak period of construction activity and 500 persons are likely to work during Operation & Maintenance of the system.
