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Centre sanctioned ₹3.6 L cr to States; GST reforms to inject ₹2 lakh crore into economy: Sitharaman

The Political and Business Daily

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September 18, 2025

DELIVERING a keynote address at CII's GCC Business Summit in Andhra Pradesh, Finance Minister Nirmala Sitharaman said,”...the Centre, under the Scheme for Special Assistance to States for Capital Investment (SASCI), has sanctioned over Rs 3.6 lakh crore as 50-year interest-free loans to States, and incentivised increased capex, resulting in 22 states recording more than 10 per cent growth in capital expenditure from their own resources.”

Centre sanctioned ₹3.6 L cr to States; GST reforms to inject ₹2 lakh crore into economy: Sitharaman

Highlighting the government's push to address infrastructure and logistics bottlenecks, the finance minister stated that the capital investment has increased from 1.7 per cent of GDP in FY14 to 3.2 per cent in FY25, with effective capital expenditure at 4.1 per cent of GDP.

"Over the last 11 years, 88 airports have been operationalised, 31,000 km of new rail tracks laid, metro networks expanded over fourfold, port capacity doubled and the National Highway network has extended by 60 per cent,” she added.

The Finance Minister said the next generation GST reforms will infuse Rs 2 lakh crore into the economy, leaving people with more cash in hand that otherwise would have gone as taxes.

MEER VERHALEN VAN The Political and Business Daily

The Political and Business Daily

The Political and Business Daily

Warfare now measured in hours & seconds, not months: Rajnath

DEFENCE Minister Rajnath Singh on Monday said that warfare is now \"measured in hours and seconds, not months\", with satellites, drones and sensors redefining the nature of conflict, as he urged the Indian Coast Guard (ICG) to develop a futuristic roadmap that anticipates new challenges, integrates cutting-edge technologies and continuously adapts strategies.

time to read

1 min

September 30, 2025

The Political and Business Daily

The Political and Business Daily

Ensure benefits of GST cut reach all citizens: Modi to BJP workers

PRIME Minister Narendra Modi said that the BJP-NDA governments have given a \"new model of good governance\" in the country and urged party workers to ensure that the benefits of the next generation GST reforms reach the common citizens.

time to read

1 min

September 30, 2025

The Political and Business Daily

The Political and Business Daily

Statistical analysis key to sound policy-making: Prez Murmu

PRESIDENT Droupadi Murmu said on Monday that in today’s data-driven world, the relevance of statistics has grown immensely as sound policy formulation and implementation depend on accurate statistical analysis.

time to read

1 mins

September 30, 2025

The Political and Business Daily

Govt names Shirish Chandra Murmu as RBI Deputy Governor

THE government has appointed Shirish Chandra Murmu as Deputy Governor of the Reserve Bank of India for a three-year term.

time to read

1 min

September 30, 2025

The Political and Business Daily

The Political and Business Daily

Industrial production grows 4 pc in August

INDIA's industrial production grew at 4 per cent in August, mainly due to better performance by the mining sector, according to government data released on Monday.

time to read

1 mins

September 30, 2025

The Political and Business Daily

Amit Shah rejects ceasefire offer from Naxalites, asks them to lay down arms

UNION Home Minister Amit Shah on Sunday rejected the ceasefire offer given by Maoists, saying if the extremists want to surrender and lay down arms, they are most welcome to do so and security forces would not fire a single bullet on them.

time to read

1 min

September 29, 2025

The Political and Business Daily

The Political and Business Daily

Govt runs NAVYA pilot project to skill adolescent girls in 9 dist

NAVYA, an initiative aimed at empowering adolescent girls through vocational training in emerging sectors, is currently being piloted in 9 districts across 9 states, the government said on Sunday.

time to read

1 min

September 29, 2025

The Political and Business Daily

The Political and Business Daily

Govt shuns plan to bring national litigation policy

Issues directives to ministries to slash court cases

time to read

1 mins

September 29, 2025

The Political and Business Daily

The Political and Business Daily

Spirit of selfless service, discipline are true strengths of RSS: PM Modi

DAYS before the RSS celebrates its 100th anniversary, Prime Minister Narendra Modi on Sunday showered praise on the Hindutva organisation for its selfless service and discipline, and said ‘nation first’ is always supreme in every action of its volunteers.

time to read

2 mins

September 29, 2025

The Political and Business Daily

The Political and Business Daily

Infiltration bid foiled along LoC in J&K, two terrorists killed

THE joint security forces on Sunday foiled an infiltration bid on the Line of Control (LoC) in Jammu and Kashmir’s Kupwara district, killing two intruding terrorists.

time to read

1 min

September 29, 2025

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