Prime Minister Narendra Modi will inaugurate six new AIIMS, including the ones in Samba, Jammu and Kashmir and Rae Bareli, Uttar Pradesh, in the next six days. The AIIMS in Samba, established under the Pradhan Mantri Swasthya Suraksha Yojana, is equipped with state-of-the-art facilities. PM Modi will also inaugurate various medical colleges, nursing colleges, research labs, and food safety infrastructure projects. These initiatives aim to improve healthcare accessibility and affordability in India.
The 2024 interim budget focuses on maintaining policy continuity in a mature economy. The article analyzes the implications of this approach on various sectors and the overall economic growth. Click to read more.
The Centre has allocated Rs 10,536 crore for Odisha’s railway infrastructure development for the 2024-25 fiscal, which is Rs 524 crore more than the amount sanctioned in last year’s Budget. Under the new works sanctioned, the upgradation of 35 railway electrification projects will be undertaken within the jurisdiction of the East Coast Railway (ECoR). In addition, significant budgetary allocations have been made for ongoing new line projects.
The Indian government’s increased spending on infrastructure projects such as roads, railways, and power is expected to boost cement demand by 10-12% this fiscal year. Cement demand is projected to reach 440 million tonnes in fiscal 2024, driven by strong demand from the infrastructure sector. Combined with stable cement prices and lower power and fuel costs, cement manufacturers’ operating profits are expected to rebound. The demand growth will also support the credit profiles of cement companies.
