PM Modi speaks at 'Advancing Asia' event
Reform of global institutions has to be an on-going process: PM
Happy that IMF has decided to finalize the next round of quota changes by October 2017: PM
India has always had great faith in multi-lateralism: PM Modi
We need to pursue policies that provide a stable macro economy, enhance growth & further inclusion: PM
21st century is and will be the Asian Century: PM Narendra Modi
Asia is the ray of hope for global economic recovery: PM Modi
India has dispelled the myth that democracy & rapid economic growth cannot go together: PM
India has achieved major gains in macro economic stability: PM Modi
Corruption and interference in the decisions of banks and regulators are now behind us: PM
Entrepreneurship is booming, following a series of steps we have taken: PM

Prime Minister Narendra Modi today attended the ‘Advancing Asia: Investing for the future’ event in New Delhi. The event was organized by the International Monetary Fund. Speaking at the event the PM said that the 21st century belonged to Asia.

Shri Modi spoke at length as how India dispelled the myth that democracy and rapid economic growth could not go together. Adding further the PM stated that India had shown that a large, diverse country could be managed in a way that could promote economic growth and maintain social stability.

Prime Minister Modi highlighted several initiatives of the Government that were boosting entrepreneurship and strengthening the country. The PM also mentioned about increased investment in the agriculture sector and Government’s aim to double farmers’ income. He also noted that corruption and interference in the decisions of banks and regulators have been reduced in the country.

The Prime Minister also expressed his part of content on IMF’s decision to finalize the next round of quota changes by October 2017.  

Click here to read the full text speech

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Cabinet approves three new corridors as part of Delhi Metro’s Phase V (A) Project
December 24, 2025

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved three new corridors - 1. R.K Ashram Marg to Indraprastha (9.913 Kms), 2. Aerocity to IGD Airport T-1 (2.263 kms) 3. Tughlakabad to Kalindi Kunj (3.9 kms) as part of Delhi Metro’s Phase – V(A) project consisting of 16.076 kms which will further enhance connectivity within the national capital. Total project cost of Delhi Metro’s Phase – V(A) project is Rs.12014.91 crore, which will be sourced from Government of India, Government of Delhi, and international funding agencies.

The Central Vista corridor will provide connectivity to all the Kartavya Bhawans thereby providing door step connectivity to the office goers and visitors in this area. With this connectivity around 60,000 office goers and 2 lakh visitors will get benefitted on daily basis. These corridors will further reduce pollution and usage of fossil fuels enhancing ease of living.

Details:

The RK Ashram Marg – Indraprastha section will be an extension of the Botanical Garden-R.K. Ashram Marg corridor. It will provide Metro connectivity to the Central Vista area, which is currently under redevelopment. The Aerocity – IGD Airport Terminal 1 and Tughlakabad – Kalindi Kunj sections will be an extension of the Aerocity-Tughlakabad corridor and will boost connectivity of the airport with the southern parts of the national capital in areas such as Tughlakabad, Saket, Kalindi Kunj etc. These extensions will comprise of 13 stations. Out of these 10 stations will be underground and 03 stations will be elevated.

After completion, the corridor-1 namely R.K Ashram Marg to Indraprastha (9.913 Kms), will improve the connectivity of West, North and old Delhi with Central Delhi and the other two corridors namely Aerocity to IGD Airport T-1 (2.263 kms) and Tughlakabad to Kalindi Kunj (3.9 kms) corridors will connect south Delhi with the domestic Airport Terminal-1 via Saket, Chattarpur etc which will tremendously boost connectivity within National Capital.

These metro extensions of the Phase – V (A) project will expand the reach of Delhi Metro network in Central Delhi and Domestic Airport thereby further boosting the economy. These extensions of the Magenta Line and Golden Line will reduce congestion on the roads; thus, will help in reducing the pollution caused by motor vehicles.

The stations, which shall come up on the RK Ashram Marg - Indraprastha section are: R.K Ashram Marg, Shivaji Stadium, Central Secretariat, Kartavya Bhawan, India Gate, War Memorial - High Court, Baroda House, Bharat Mandapam, and Indraprastha.

The stations on the Tughlakabad – Kalindi Kunj section will be Sarita Vihar Depot, Madanpur Khadar, and Kalindi Kunj, while the Aerocity station will be connected further with the IGD T-1 station.

Construction of Phase-IV consisting of 111 km and 83 stations are underway, and as of today, about 80.43% of civil construction of Phase-IV (3 Priority) corridors has been completed. The Phase-IV (3 Priority) corridors are likely to be completed in stages by December 2026.

Today, the Delhi Metro caters to an average of 65 lakh passenger journeys per day. The maximum passenger journey recorded so far is 81.87 lakh on August 08, 2025. Delhi Metro has become the lifeline of the city by setting the epitome of excellence in the core parameters of MRTS, i.e. punctuality, reliability, and safety.

A total of 12 metro lines of about 395 km with 289 stations are being operated by DMRC in Delhi and NCR at present. Today, Delhi Metro has the largest Metro network in India and is also one of the largest Metros in the world.