Last Week NOT in News for 21st September to 27th September

Last week NOT in News image 2

Here is our special presentation “Last Week NOT in News” for the week ended today i.e. from 21st September to 27th September.

1) Government to construct highways at 30km/day pace

The government has set a target of constructing 30 kilometres of highways each day, 17 kilometres more than the current pace of 13 kilometres per day, a TOI report has said.

The government is going to reach the 30-kilometre per day target at a gradual pace. It has plans of laying highways at 17-18 kilometres per day by April, and thereon it will take it beyond 20 kilometres in coming year till it reaches the 30-kilometre target.

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2) PM Modi signs off on $2.5 billion Boeing military helicopter deal

India’s cabinet on Tuesday cleared the purchase of Boeing’s Apache and Chinook helicopters in a deal worth around $2.5 billion, two government sources said, in a boost to defence ties with the United States.

The deal strengthens the status of the United States as one of India’s top military suppliers, along with Israel, dislodging Cold War-era ally Russia from its longstanding position as the South Asian nation’s main source of weapons.

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3) India received $19.78 billion in FDI in 2014-15 from countries that PM Narendra Modi visited

When the PM travels to the US this week to woo businesses there, one of the key facts that the government will be tomtoming about is the surge in foreign direct investment since Narendra Modi took over and how his personal touch has helped.
India received $19.78 billion (Rs 1.3 lakh crore) in FDI in 2014-15 from a dozen major FDI source countries that Modi has visited since taking over in May last year.

4) Boost to Make in India campaign: First national investment and manufacturing zone to come up in Andhra Pradesh

Andhra Pradesh is set to house India’s first national investment and manufacturing zone after the state assured the Centre of availability of 10 sq km of land in one place in Prakasham district.

The imminent final approval for the NIMZ, which is expected to give a fillip to Prime Minister Narendra Modi’s Make in India campaign, comes four years after the concept was mooted to boost manufacturing in the country and two years after the Department of Industrial Policy and Promotion gave an in-principle nod to Andhra Pradesh in this regard.

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5) Finance Minister Arun Jaitley sets loan target of Rs 1.22 lakh crore under PMMY

Finance Minister Arun Jaitley has set a target of Rs 1.22 lakh crore for loans to be given by state-run banks to promote new entrepreneurs under the Pradhan Mantri Mudra Yojana (PMMY) which will seek to “fund the unfunded.”

Making a pitch for promoting entrepreneurship, the minister on Friday said that earlier there was no institutional mechanism to fund this unfunded segment and access to credit came at a high cost. Through this scheme, grassroots entrepreneurs will get cheaper credit.

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6) Modi Govt. comes out with Rs. 10000 crore plan to transform Andaman and Nicobar islands

India has drawn up an ambitious, Rs 10,000 crore plan to transform the Andaman and Nicobar Islands into the country’s first maritime hub, taking advantage of its strategic location and making it the base for infrastructure that will include an expanded dry dock and ship repair industry in the capital Port Blair.

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7) Government proposes panel to decide MPs’ pay and perks

Amid demands that MPs should not be allowed to decide their salaries, the government has proposed to set up a three-member panel to recommend pay and perks of lawmakers. The Ministry of Parliamentary Affairs has proposed a three-member independent Emoluments Commission to recommend salaries and other allowances for the Members of the Parliament. The proposal is part of the agenda notes prepared for the two-day All India Whips’ Conference to be held at Visakhapatnam, next week.

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8) Modi’s trip’s success: Microsoft to bring low-cost broadband to 5 lakh villages

Speaking at a dinner hosted here in honour of visiting Prime Minister Narendra Modi, Nadella said that Microsoft wants to make things and make things happen. In his remarks, Nadella said Microsoft’s plan is to partner with the Indian Government to bring in low-cost broadband connectivity to 500,000 villages in India.

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