Rail Budget 2016 progressive, dynamic & passenger centric : PM Modi

Published By : Admin | February 25, 2016 | 15:22 IST
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#RailBudget2016 a progressive, dynamic & passenger centric: PM Modi
Be it the poor, women or youth, #RailBudget2016 caters to all sections of society: PM Modi
Last year we have seen lot of success & this budget is an effort to further improve on this: PM on #RailBudget2016
Along with using latest technology, investments in Railways has been given importance to: PM on #RailBudget2016
Numerous steps are being taken for increasing the railway connectivity in the North-East: PM Modi #RailBudget2016

I congratulate Rail Minister Suresh Prabhu, on presenting a thoughtful budget for the dynamic Railways of a progressive nation.

This budget strives for the dignity of the poor, honour of the women, enthusiasm of the youth and broadening the smile of the middle class.

This budget presents an optimistic strategy for the future, while giving a complete account of the promises made in the budget of previous year. We have achieved a lot in the past one year and this budget presents an effort to make it further better.

Cleanliness and upgradation of passenger facilities and technology remains the basic Mantra of last two budgets. Beside this, Railway projects have been defined on the basis of ‘Commissioning’, in place of ‘Completion’. I believe this policy-transformation is a Paradigm-shift in nation’s economy. The special arrangement of the ‘Super-fast trains’ for the poor through launch of Antodaya Express and Deen-Dyalu rail coaches , reiterate the commitment of our government to the poor.

This budget will have long-term positive impact on the national economy by effective execution, enhanced capital investment and infusion of technology along with IT, in the Railways.

Appropriate steps has been taken towards fulfilling the Government’s promise to enhance connectivity in the backward areas of the country, especially the North-East. Beside, the chronic problem of our rail routes due to the lack of capacity, has been done away with to a large extent over the past one year. This Rail Budget has further strengthened the measures..

We have seen the budgets before Mr. Suresh Prabhu. I don’t want to criticize those, but if I see the Budgets of last five years by the previous Government, the Budget by Suresh Prabhuji has taken a big jump with 2.5 times higher investment. This budget will be an important tool towards the renovation of the nation. The best thing is that the State Governments are also enthusiastically participating in the expansion of our Railways. A detailed road-map in this direction has also been presented. Along with that an effort has been made to seek the co-operation of Passengers and the Railway Employees, as well. Discipline in spending, efficiency in management and accountability to the consumer is the focus of our Government, which is reflected in this budget.

My congratulations once to the Railways Minister Mr. Suresh Prabhu, Rail Family and the Team Railway.

Thank You very much.

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Indo-Pacific Economic Framework for Prosperity (IPEF)
May 23, 2022
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Prime Minister Shri Narendra Modi participated in an event in Tokyo today to launch discussions for an Indo-Pacific Economic Framework for Prosperity (IPEF). The event saw the presence of President of the USA H.E. Mr. Joseph R. Biden and Prime Minister of Japan H.E. Mr. Kishida Fumio, as well as the virtual presence of leaders of other partners countries viz. Australia, Brunei, Indonesia, Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Vietnam.

A Joint Statement was issued, which highlights the key elements envisaged within the IPEF.

The IPEF seeks to strengthen economic partnership amongst participating countries with the objective of enhancing resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness in the Indo-Pacific region.

In his comments during the launch ceremony, Prime Minister said that announcement of IPEF is a declaration of a collective desire to make the Indo-Pacific region an engine of global economic growth. India has historically been at the centre of trade flows in the Indo-Pacific region, having the world’s oldest commercial port in Lothal, Gujarat. Prime Minister called for finding common and creative solutions to tackle economic challenges of the Indo-Pacific region.

He expressed India’s commitment towards working with all Indo-Pacific countries for an IPEF which is both inclusive and flexible. He underlined that the foundation of resilient supply chains must be 3T’s – Trust, Transparency and Timeliness.

India is committed to a free, open, and inclusive Indo-Pacific region and believes that deepening economic engagement among partners is crucial for continued growth, peace, and prosperity. India is keen to collaborate with partner countries under the IPEF and work towards advancing regional economic connectivity, integration and boosting trade and investment within the region.

With the launch of the process today to establish the IPEF, partner countries will begin discussions focusing on strengthening economic cooperation and achieving shared goals.