Later this year the Annual Global Investors summit will be organised, with the National Investment and Infrastructure Fund (NIIF) anchoring the event, to invite investors to invest in the infrastructure segment, where the spending for the next five years is expected to be Rs 1.5 lakh crores.
With the investors participating from India and abroad, the government is expecting a massive push to the infrastructure industry.
Giving further details, government sources said the 50-day push was important as it delineated the government’s priorities and where it wanted to focus on resources and policy thought.
The matters that were discussed during the first cabinet meeting included the manifestos of the BJP government like the universalisation of the Prime Minister Kisan Samman Nidhi (farmers income support scheme) and pensions for small retailers and unorganised sectors.
The first decision of the Cabinet being major changes to the Prime Minister’s Scholarship Scheme under the National Defence Fund.
Before the elections, the biggest promise made by the BJP manifesto was to supply piped water to all households. The setting up of a Jal Shakti Ministry to address, across sectors, issues related to water, was one step, but a campaign Jal Shakti Abhiyan was launched on the 1st of July this year. The main purpose of this campaign is the participation of the citizens on water conservation and water security, especially during the monsoon season in the water, stressed districts and blocks.The blistering pace is, however, most evident in the ongoing monsoon session of Parliament. Government data shows that at least 17 bills have been cleared and 104 more have been introduced in this session alone, from various ministries