Union Minister jighlights Nari Shakti Vandan Adhiniyam as Transformative Reform (See 'Corp Brief') Bizu Festival Celebrations highlight Cultural Pride and Policy Dialogue on Tribal Development (See 'Corp Brief') India, Kuwait emphasize Dialogue Over Conflict to Secure Energy and Trade Supplies (See 'Corp Brief') Misc - There is no right in borrower to personal hearing by banks before classifying their account as fraud account: SC (See 'Legal Desk') Manohar Lal holds Key Engagements on Infrastructure and Development Cooperation (See 'Corp Brief') CARI Bengaluru gets ISO 15189:2022 Accreditation in Biochemistry (See 'Corp Brief') NI Act - At stage of issuance of process, statutory presumption u/s 139 of NI Act cannot be dislodged in summary manner merely by contending that cheque issued was not for legally enforceable debt: SC (See 'Legal Desk') Barabanki to Bahraich Highway to become Key Cross-Border Trade Lifeline (See 'Corp Brief') Advanced Agriculture fest kicks off in Raisen in MP (See 'Corp Brief') PMLA - Sec 2(1)(u) permits attachment of any property of equivalent value, including properties acquired prior to commission of scheduled offence, which are untraceable: SAFEMA (See 'Legal Desk') NTWB welcomes Jan Vishwas Amendments (See 'Corp Brief') IPR - Controller of Patent would decide whether differences, viewed in knowledge of alleged invention, constitute steps which would have been obvious to ordinary person skilled in art and rule out hindsight approach: HC (See 'Legal Desk') Anand Kumar Pal joins MoF as Chief Cost Adviser (See 'Corp Brief') IPR - Generic disclosure does not, by itself, defeat novelty of specific disclosure; Prior art that teaches away from claimed invention cannot serve as foundation for anticipation: HC (See 'Legal Desk') India-GCC reaffirms commitment to Regional Stability (See 'Corp Brief') IPR - Prior user of trademark has superior rights over subsequent user who holds registration for same or similar mark: HC (See 'Legal Desk') India-Bahrain stresses stability, Supply Chain Resilience and Stronger Economic Ties (See 'Corp Brief') Company Law - Sourcing pre-condition deposit unlawfully from corporate funds in direct violation of Sec 185, or executing settlement agreements without effectuating actual refunds or delivering legally valid & habitable possession, is illegal: SC (See 'Legal Desk') Supreme Court Clears Path For Single Insolvency Proceedings Against Linked Group Companies (See CORP EINSICHT)

Print

Rs 50 lakh cr earmarked for railways' development in 10-12 years: Goyal

Published: Jul 08, 2019

By TIOLCORPLAWS News Service

NEW DELHI, JULY 08, 2019: THE Union Minister of Commerce & Industry and Railways, Mr Piyush Goyal, has called for giving thrust to quality so that India can be recognized for its superior products. Addressing the gathering at an International Conference for Engineering Services on Quality Infrastructure for Clean & Sustainable Development here today, he expressed hope that India can be recognized world over not only for its comparative and competitive cost advantage, but also for its superior products and superior quality of services. He stated that there is scope of two-way expansion of trade - on the one hand there is huge export potential and on the other there is huge potential to bring engineering technology to India.

The Commerce Minister stated that the Finance Minister in the Budget 2019-20 has given a road map for the expansion of infrastructure in India with investment of one lakh crore rupees in next five years. He said that an investment of Rs 50 lakh crore is proposed for the expansion and development of railways in next 10-12 years. The Minister stated that this vision clearly demonstrates that India is a destination for large scale investment in infrastructure.

Mr Goyal further stated that India has become the fastest growing country in generation of solar energy. It has achieved 1200% growth in installed capacity of solar energy during the last five years. India has also become the largest user of LED bulbs with the improvement of technology and cost cutting of manufacturing. The Minister also referred to incentives proposed for electrical vehicles in this year's budget and expressed hope that India would take a lead in the world by manufacturing two wheelers, three wheelers and four wheelers.

Commerce and Industry Minister informed that the number of households that have access to LPG through cylinders have almost doubled. He also stressed on modernization of the way electricity and gas are supplied to consumers so that the energy needs of citizens may be met. Mr Goyal spoke about a national gas grid for delivery of piped gas to all households in urban centres by bringing down losses and reduce cost of supply.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.