The government is expanding its infrastructure plans to include social sectors such as hospitals, Anganwadi, schools, and colleges. The PM GatiShakti National Master Plan aims for integrated and synchronised implementation of projects, breaking departmental silos. Last-mile connectivity and area planning will be prioritized, ensuring saturation coverage and better planning across the country.
In the last budget, the capex outlay was raise by 37.4% to Rs 10 lakh crore. Latest GDP data also showed encouraging trends on capital formation. While these figures point to a strong growth trend, India should not divert its focus from pushing public spending, Ficci said in a pre-budget note.
The CBT is constituted for a period of five years and the last board was notified on November 9, 2018. The constitution of the new board will pave way for the much-awaited CBT meeting of the EPFO to decide on interest rates for 2023-24.