Financial Affairs Secretary Subhash Chandra Garg informed that the government will now take a loan of less than Rs 70,000 Crore Project from the market. He said that the government will work with the deposited amount in small savings schemes rather than borrowing from the market. In order to eliminate the worry of the cash crisis, the government has changed its plans to borrow.
Pradhan Mantri Gram Sadak Yojana (PMGSY) Third Phase
PMGSY 2019 Project – The Modi government is set to declare the rural roads program Rs. 70,000 crore. To linking villages with nearby mandis road building project over the next five years. This is the best decision of the Narendra Modi to boost the rural economy.
Modi Govt Rs 70,000-crore Rural Road Building – “The status of receipts and payments is absolutely correct and we do not have any fluctuation in the fiscal deficit targets. We have enough reserves to raise money. We do not need to change the goal of our fiscal deficit. So it is still 3.3% Said by Garg.”
Financial mathematics of the government is firm and the government is confident that the fiscal deficit in this financial year will be completed to achieve 3.3 percent of GDP.
Modi Government Rs 70,000-crore Rural Road Building
Subhash Chandra Garg Said that the government estimates that the amount accumulated from small savings schemes will be more than the budget estimates. In October-March the Modi Government will launch the Inflation Index in the second half of the financial year.
According to the news 125,000 kilometers of roads will build. It the part of the third phase of the Pradhan Mantri Gram Sadak Yojana (PMGSY). Several villages and Rural Areas will connect with theses Roads. The Government shared 40% of the estimated cost and remaining will paid by the central government.
मोदी सरकार Rs 70,000-crore Rural Road Building – There will be no change in Treasury Bill Outstanding Amount, Treasury bill program will still endure at 17 thousand crore rupees. From November onwards every month will collect 12 thousand crores through Gilts.