RURAL ROADS
Budget 2024 may see Modi govt hiking rural housing subsidy by 50% following Lok Sabha disappointment
India plans a substantial increase in rural housing subsidies in the upcoming federal budget, potentially exceeding $6.5 billion, up by 50% from the previous year. This initiative aims to address rural economic distress and boost infrastructure spending including village roads and job programs, amid challenges in the agriculture sector and recent electoral setbacks for Prime Minister Narendra Modi's party.
MP govt abolishes transport check posts at interstate borders, road safety and enforcement checking points to be arranged
The Madhya Pradesh government has abolished transport check posts at interstate borders and will introduce new road safety and enforcement checking points. Initially, 45 checking points will be established, with mobile units temporarily handling enforcement until these points are operational. These mobile units will comprise district transport office staff, enforcement staff, and home guards.
Competitive intensity in used vehicle market to be on the rise: India Ratings
India Ratings and Research predicts that vehicle financiers will increase the share of used vehicles in their AUM due to rising new vehicle prices, food inflation, heat wave, moderation in capacity utilization due to elections, and slowing rural economy. The agency also expects a decrease in FY25 growth rates from FY24 levels. The agency expects non-bank finance companies to focus on used vehicles as assets class, presenting a favorable risk-return in terms of asset quality and pricing power.
Security measures tightened ahead of Amarnath Yatra
With the Amarnath Yatra just a week away, Jammu and Kashmir Lieutenant Governor Manoj Sinha emphasized tightened security measures and improved facilities to ensure a successful pilgrimage. Security officials reviewed arrangements along the Jammu-Srinagar highway, while Sinha highlighted the commencement of 'darshan' for pilgrims on June 29.
What to expect from the Budget going forward? Sanjiv Puri answers
So, we are on a solid foundation because of certain initiatives that have taken place. It is not that it just happened like that. So, there is a reason for which and it sets the economy on a solid foundation.
How will FMCG, IT and realty sector perform going ahead? Mayuresh Joshi answers
Our own take at Marketsmith India is that the reform processes which have continued for 10 years, there would not be any significant change in terms of capital allocation for a whole host of schemes that the Modi government has embarked upon. Infra development and infra allocations are expected to double over the next five years.
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Nitin Gadkari takes charge as Minister of Road Transport and Highways
Senior BJP leader Nitin Gadkari assumed office as Minister of Road Transport and Highways, expressing gratitude to Prime Minister Modi for reassigning him in Modi's third term. Known as the "Highway Man of India," Gadkari has overseen the construction of over 54,858 km of national highways in the past decade.
Rural jobs, roads, housing next on government radar
The government plans to construct 30 million houses under PMAY and is focusing on addressing rural distress to boost growth in private consumption expenditure and household savings.
Nitin Gadkari retains Road Transport and Highways Ministry for third time; Ajay Tamta and Harsh Malhotra to be MoS
One day after being sworn in, Union Minister Nitin Gadkari is poised to continue his tenure overseeing the Road Transport and Highways Ministry for the third consecutive term. Moreover, Ajay Tamta and Harsh Malhotra will join the Ministry of Road Transport and Highways as Ministers of State (MoS) to assist Gadkari in his responsibilities.
Budget likely to stick to fiscal road map: UBS
UBS predicts that the new government will follow a medium fiscal consolidation path but with a populist tilt in its first budget after the elections. The RBI's higher-than-expected dividend transfer to the government provides fiscal leeway for populist spending, especially to support lower-income groups. The government is expected to target a fiscal deficit of 5.1% of GDP in FY25, aiming to reduce it further to below 4.5% of GDP by FY26. While tougher reforms may be challenging, supply-side reforms like manufacturing, labour laws, and skill development are likely to continue.
ETMarkets Smart Talk: Roads, railways, and defence should be in focus in Budget session of Modi 3.0
The sharp 6% fall in markets was a result of people expecting for a BJP majority based on the exit polls, with the actual results turning out to be a black swan event.
Nitin Gadkari- a go-getter and man behind India's mega push to road infrastructure
Senior BJP leader Nitin Gadkari, known as the 'Highway Man of India', has been instrumental in the construction of national highways and new roads, serving as the Minister for Road Transport & Highways in the last two governments led by Narendra Modi.
Rahul Gandhi to meet newly elected Karnataka MPs in Bengaluru on Friday
AICC leader Rahul Gandhi will meet with newly elected MPs and defeated candidates in Bengaluru to analyse shortfall of reaching target of 15 seats. The party won nine Lok Sabha seats in Karnataka , an increase from one in 2019. Chief Minister Siddaramaiah and KPCC president DK Shivakumar will attend the meeting. BJP won Mysuru and Bengaluru Rural seats, while AICC president Mallikarjuna Kharge won all five seats in Hyderabad-Karnataka region.
BJP allies push for key positions as Modi prepares for third term; Here's what the demands are
Two days after the Lok Sabha election results, the BJP's allies in the NDA are negotiating for key posts in the new government. With the BJP falling short of a majority, parties like TDP, JDU, Shiv Sena, and LJP-Ram Vilas are crucial for reaching the majority mark. N Chandrababu Naidu and Nitish Kumar have emerged as kingmakers, pushing for prominent roles as discussions continue ahead of Narendra Modi's third swearing-in ceremony.
General elections 2024: A weaker mandate to impel policy reset
The underwhelming election results reflect voters' focus on economic and livelihood issues over free-food distribution. The need for productive employment is becoming a dominant necessity in policy considerations.
Election Result 2024: Be a friend of the people, not Supreme Leader
The 2024 elections showed a shift in voter priorities from charisma to development. Modi's campaign lacked a clear agenda, focusing on nationalism instead. This didn't resonate with voters seeking inclusion and jobs. Despite Modi's strong campaign, especially in West Bengal, the BJP didn't make significant gains. Unemployment, arrogance of power, and fear of government agencies also affected the outcome. Modi's victory offers a chance to focus on inclusive growth and a more empathetic leadership style.
Rural consumption and exports should do well in next 5 years: Ravi Dharamshi
Honestly if you want to make money from a five years perspective, go where nobody is looking and consumption which includes discretionary as well as non-discretionary consumption and rural consumption and exports are two areas which I think should continue to do well.
Lok Sabha elections: What the new govt's road-ahead might look like
Vote counting is scheduled for June 4, and analysts anticipate Prime Minister Narendra Modi securing a third consecutive term.
Only wave is the heatwave
Coast to coast, cutting across Andhra, Telangana, Karnataka and Maharashtra, local issues are driving the chatter & the voter. That’s not the best news for BJP
Incessant rains disrupt life in Kerala, submerge Kochi roads
Incessant rains and gusty winds disrupt normal life in Kerala, causing road submersion and tree damage. Heavy rains in Thiruvananthapuram lead to tree uprooting and hill collapse. Eco-tourism centre closed in Varkala due to bad weather.
Home-grown feasts: How Goans once raised pigs & prepared them for festivals
Today, pigs are also disappearing from public sight. A few are still home-raised, but the government is promoting pig farms where rearing happens in intensive conditions, with far more cruelty to the animals. Instead of recycling wastes, they are given specialised feeds, whose production has greater environmental costs. Local breeds like Agonda pigs are being replaced by the Large White (Yorkshire) and Duroc breeds suited for factory farming.
SUVs roar on country roads as sales from rural India sees a spike
Hyundai Motor's top three cars sold in rural India during January-April 2024 were all SUVs, nudging out the small car Grand i10 from the podium for the first time. SUVs such as Exter, Venue, and Creta accounted for two-thirds (67%) of Hyundai's rural sales in the first four months of the calendar year.
BJP's Allahabad Lok Sabha candidate Neeraj Tripathi banks on development, father's goodwill
Neeraj Tripathi, a former additional advocate general for the Uttar Pradesh government, follows the footsteps of his father, a political luminary, in his campaign for the Lok Sabha seat in Allahabad.
PM's active role, personal monitoring responsible for infrastructure sector turnaround, says FM
Nirmala Sitharaman praises PM Narendra Modi for reviving the infrastructure sector, highlighting the neglect during the UPA regime and the significant advancements made under the Modi government, including the expansion of the Metro network, growth in the aviation sector, and initiatives to boost the maritime ecosystem.
FMCG, auto companies break the jinx as rural growth rises above urban
Rural FMCG demand outpaced urban markets in Jan-Mar 2024. Car companies reported higher rural sales. NielsenIQ noted 7.6% rural growth. Factors include robust rabi crop and government measures. Maruti Suzuki saw record rural sales.
'Congress Ka Hath Kale Dhan Ke Sath': BJP's Pratul Shah Deo after ED finds over Rs 20 cr from Minister's personal secretary's household help
BJP spokesperson Pratul Shah Deo accused the Congress of involvement in black money operations after the Enforcement Directorate recovered over Rs 20 crore from the household help of Sanjiv Lal, Personal Secretary to Jharkhand Rural Development Minister Alamgir Alam, a Congress leader. Deo called for action from the Election Commission, suggesting that the large sum could be linked to attempts to influence ongoing elections.
Overhaul of rural roads scheme likely after polls; proposal part of govt's Viksit Bharat by 2047 plan
The Indian government plans to overhaul its Pradhan Mantri Gram Sadak Yojana (PMGSY) after the general election to improve connectivity, stimulate economic growth, and alleviate poverty. The PMGSY aims to expand and upgrade rural roads, linking them with nearby hubs and markets. The government's goal is to turn India into a developed country by 2047.
Amit Shah holding road show in Bangalore Rural as BJP-JD(S) workers are not united there: DK Shivakumar
Addressing reporters here, he said JD(S) workers are also in a state of confusion in the Bangalore Rural segment, and people there know well about D K Suresh and Shivakumar. "They (BJP-JDS) want to show their strength and that they are united by bringing Amit Shah there. Why didn't they hold both parties' joint workers' meetings till now? Just because the leaders have come together will the workers come together?" he asked, as he expressed confidence about his brother's win from the segment once again.
Maratha leader Manoj Jarange Patil calls for blockade of roads in villages from Saturday
The Maharashtra government had acceded to Patil's demand to give Kunbi (OBC) caste certificates to those Marathas who had historical proof. Patil, however, wants the state to give kunbi certificates to even relatives of those with Kunbi caste certificates. This is being opposed by the OBC communities. The state government on Tuesday passed a bill offering 10% reservation to those who don't have kunbi caste certificates but Patil has rejected the bill claiming they wanted the entire Maratha community to be included in OBC reservation.
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