Modi meets infra secretaries to set target for current fiscal

Tags: News
Aiming to spruce up growth, Prime Minister Narendra Modi today met secretaries of nine infrastructure ministries to set targets for 2014-15 and identify key projects in sectors like road, power and railways.

According to sources, Planning Commission Secretary Sindhushree Khullar made a 15-page presentation on the performance of core infrastructure ministries in 2013-14 and deliberated on the targets suggested by the ministries for the current fiscal.

Infrastructure sector is a focus area for the Modi-led government.

The Centre is keen to speed up infrastructure development and investment to boost economic growth which remained at sub 5 per cent level during the previous two fiscals.

Secretaries and senior officials from nine infrastructure ministries - power, road transport, shipping, civil aviation, coal, petroleum, railways, telecom and renewable energy - were present in the meeting. Besides, top officials from Rural Development Ministry and Environment and Forest Ministry also attended the meeting.

Source said the Commission has proposed laying of 300 km new railway track during the current fiscal. Indian railways laid 450 kms of new track in 2013-14, which was short of the targeted 500 km.

Similarly, the Plan panel, proposed to set a target of 700 km for doubling of rail tracks in the current fiscal against 900 km targeted in 2013-14. Indian railways achieved doubling of around 700 km of rail track in previous fiscal.

For the civil aviation sector, the Commission has proposed to lower the investment target from Rs 1,008 crore in previous fiscal to Rs 934 crore in the current fiscal. The investment realisation was about 55 per cent of the target in 2013-14.

The plan to develop airports in non-metro cities was also discussed at the meeting.

Problems being faced by road and transport ministries were also deliberated upon.

As many as 189 highway projects involving a cost of Rs 1,80,000 crore are stuck due to problems of land acquisition, delays in forest and environment clearances, non-transfer of defence land and hurdles in rail over bridges, among other things.

EDITORIAL OF THE DAY

  • RBI must join hands with IRDAI to stop misselling of insurance by banks

    Reserve Bank of India (RBI) governor Raghuram Rajan has observed in the annual report for 2015-16 released on Monday that the central bank will be foc

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Roopen Roy

Streaming indeed has a bright future

Woody Allen has turned 80. But his energy has not ...

Zehra Naqvi

How much land does a man need?

“When the blood in your veins returns to the sea ...

Dharmendra Khandal

Everything has its place in nature

Last week I was observing an injured animal, because of ...