Latest news with #DevelopedIndia
The Hindu
26-07-2025
- Business
- The Hindu
Central projects will create a ‘developed Tamil Nadu', says Narendra Modi
The Union government-funded infrastructure projects being implemented in Tamil Nadu on an outlay of over ₹3 lakh crore will help the Centre realise its dream of achieving 'Viksit Tamil Nadu', Prime Minister Narendra Modi said on Saturday. Inaugurating the new terminal building at the Thoothukudi airport, he said his government, which had promised a 'Viksit Bharat' (Developed India), was according the highest priority for infrastructure development. Hence, the port, rail and energy sectors were getting an unprecedented facelift nationwide, from Jammu and Kashmir to Tamil Nadu. Mr. Modi said the Centre had released over ₹3 lakh crore since 2014 for strengthening Tamil Nadu's infrastructure to make it 'Developed Tamil Nadu'. This was three times higher than the funding provided by the previous United Progressive Alliance government to the State. He further said the north cargo berth at VOC Port, Thoothukudi; six-lane VOC Port Road; and four-lane Sethiyathope-Chozhapuram Highway would significantly catalyse the trade opportunities and employment generation for the locals. In an apparent reply to Chief Minister M.K. Stalin's recent assertion that the Centre was refusing to allocate funds for Tamil Nadu, he said the thrust being given for infrastructure development in Tamil Nadu by the Centre in energy, road, rail, and port sectors would phenomenally expedite the State's growth while achieving the Centre's goal of 'Viksit Tamil Nadu'. He recalled that the National Democratic Alliance government had sanctioned 11 new medical colleges for Tamil Nadu, and the Centre was also developing harbours to improve their livelihood. Terming India's recent free trade agreement with the United Kingdom (U.K.) as 'historic', Mr. Modi said this agreement would open unprecedented export opportunities for Indian products. 'As more than 99% of the 'Make in India' products will be available in the U.K. at lower prices, the rise in demand will increase production in India and generate more employment in the micro and small industries here. It will enhance the world's faith in India, which will become the third largest economy in the world soon,' Mr. Modi said. He added that home-grown weapon systems, which were used in recent 'Operation Sindhoor', had destroyed the terrorists' hideouts and had given sleepless nights to the sponsors of terror. Governor R.N. Ravi, Union Minister of Civil Aviation Ram Mohan Naidu Kinjarapu, Union Minister of State for Information and Broadcasting L. Murugan, Tamil Nadu Ministers T.R.B. Rajaa, P. Geetha Jeevan, and Anita R. Radhakrishnan and MP Kanimozhi were among those present. State Finance Minister Thangam Thennerasu presented a memento to Mr. Modi on the occasion.
Hindustan Times
25-07-2025
- Politics
- Hindustan Times
RSS chief meets Muslim clerics to foster dialogue with Hindus
Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat and Kerala governor Rajendra Vishwanath Arlekar on Sunday will preside over a session on 'Bharatiya and Kerala perspectives in education' aimed at 'formulating transformative strategies for nation-building through education' as part of four-day long national education conference in Kerala's Kochi organised by Shiksha Sanskriti Utthan Nyas (SSUN), an education-oriented wing of RSS. The conference titled 'Gyan Sabha' will start from Friday with a focus on the theme 'Education for a Developed India' and conclude on Monday. (PTI) The conference titled 'Gyan Sabha' will start from Friday with a focus on the theme 'Education for a Developed India' and conclude on Monday. Over 400 educationists will participate in the event, including state education ministers, vice-chancellors, academicians, and officials of central educational bodies like University Grants Commission (UGC), National Assessment and Accreditation Council (NAAC), All India Council for Technical Education (AICTE) and Indian Knowledge System (IKS). The main focus of the conference will be on Indianisation in the education system and implementation of the National Education Policy (NEP) 2020. 'From July 25 to 26, around 100 national-level SSUN workers will hold internal brainstorming sessions. On July 27, about 200 educationists from Kerala will discuss ways to improve the state's education system. The same morning, a public function will be held with Kerala Governor Rajendra Vishwanath Arlekar presiding and RSS chief Mohan Bhagwat as chief guest. The afternoon will feature two sessions on education policies. On July 28, discussions will focus on strategies to implement positive changes in the education system across different states and regions,' SSUN general secretary Atul Kothari told HT. According to the agenda of the event, there will be a session on July 27 titled 'Policy dialogue and leadership conclave' to discuss structural reforms needed in the education sector through a revamped curriculum. The speakers of the session include Pankaj Mittal, general secretary, Association of Indian Universities (AIU); TG Sitharam AICTE chairman and Ganti S. Murthy, IKS national co-ordinator. Another session on July 27 titled 'Bharatiya and Kerala perspectives in education' will see Bhagwat, Arlekar and Kothari discussing ways to formulate 'transformative strategies for nation-building through education,' 'UGC vice chairman Deepak Kumar Srivastava and NAAC chairman Anil Sahasrabudhe alongwith education ministers and senior officials of several states, will also participate in brainstorming sessions on how to bring positive changes in the education system. We believe that India's education system should include concepts from India's traditions and culture as suggested by IKS along with modern concepts,' Kothari said. This is the first time such an educational event by SSUN is being held in Kerala. 'We carry out our conferences across the country and this time we are holding the event in Kerala. There is no particular reason behind choosing the state for the event,' Kothari said. 'Recognizing that transforming India's vast education system cannot be achieved by a single institution or organization like ours, we aim to bring together institutions, organizations, and individuals working for educational reform on a common platform. Through collective brainstorming and exchange of ideas, the event seeks to build a shared strategy for coordinated action towards educational transformation,' he added.
News18
21-07-2025
- Business
- News18
Meet Madhu Lunawat: First Indian Woman To Launch A Mutual Fund Business
Last Updated: Madhu Lunawat has become the first Indian woman to independently set up a mutual fund company Madhu Lunawat Who Is Madhu Lunawat? The Wealth Company, a part of the Pantomath Group, has received final approval from the Securities and Exchange Board of India (Sebi) to launch its mutual fund business, marking a historic milestone as India's first fund house founded by a woman. Madhu Lunawat: First Indian Woman to Set Up a Mutual Fund The new asset management company is led by Madhu Lunawat, Co-founder and Executive Director of the Pantomath Group. She is now the first Indian woman to independently establish and receive Sebi's approval for a fund house. While other fund houses exist — currently around 46 — only Edelweiss Mutual Fund is headed by a woman, with Radhika Gupta serving as MD & CEO. Before her entrepreneurial journey, Lunawat held leadership roles at Infosys, ASREC, and Edelweiss Group, where she served as CFO of Edelweiss ARC. 'This is not just a moment for me – it's a moment for every woman who wants to build, lead, and reshape the financial landscape," Lunawat told TOI. 'We're here to build something that's intelligent, long-term, and deeply aligned with the real needs of Indian investors," she added. The company aims to blend private equity-style, data-intensive research with the accessibility needed by everyday retail investors. This bottom-up investment philosophy is designed to address real investor needs while maintaining simplicity and discipline. Focus on Tier-3 and Beyond: Democratizing Wealth Creation The Wealth Company Mutual Fund will focus significantly on Tier-3 and smaller towns, which are witnessing rising income levels and untapped investment potential. The AMC seeks to channel this capital toward structured, actively managed funds — helping investors participate in India's Viksit Bharat (Developed India) growth journey. The Wealth Company's entry into mutual funds is backed by its rapid success in the alternative investment space. Within a short period, it built a strong portfolio across equity and structured strategies, attracting marquee investors and delivering solid performance. This foundation will help bring both innovation and stability to its mutual fund offerings from the outset. 'Over the years, mutual funds have become one of the most trusted investment platforms for retail investors," said Lunawat, who now serves as Founder, MD and CEO of The Wealth Company Asset Management Holdings. 'Our entry into mutual funds is driven by a commitment to bring the same disciplined, data-driven philosophy from our alternative ventures to a broader retail base. We aim to offer high-quality, outcome-oriented products that truly empower Indian investors." view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
17-07-2025
- Business
- Time of India
Chhattisgarh charts ambitious 2047 growth vision to 15x GSDP, become services & IT hub
RAIPUR: Aiming to boost its Gross State Domestic Product (GSDP) nearly 14 to 15 times by 2047, the Chhattisgarh government with NITI Aayog, has unveiled an ambitious roadmap with a sharp focus on transforming the services sector and investing in its youthful demographic. The vision document, titled 'Chhattisgarh Anjor Vision @2047', outlines the state's contribution to India's broader aspiration of becoming a $30 trillion economy by its 100th year of independence. The roadmap rests on three pillars: economic expansion, human development, and sustainable governance. Describing the vision document as more than just a compilation of words, the Chief Minister stated, 'This is a firm resolution and a clear roadmap toward building a self-reliant, prosperous, and developed Chhattisgarh. Inspired by Prime Minister Narendra Modi's 'Developed India @2047' mission, this vision will guide the state to become one of India's leading developed states.' State Finance and Planning Minister O P Choudhary elaborated on the structure and strategy of the Anjor Vision @2047, describing it as a multi-dimensional strategy for inclusive growth, governance reform, and investment promotion. He noted the vision defines short-term (2030), medium-term (2035), and long-term (2047) goals across 13 socio-economic themes, including education, health, industry, infrastructure, logistics, agriculture, forest produce, investment, skills, IT & AI, tourism, culture, environmental conservation, and sustainability. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indian Investors Are Buying These Dubai Apartments—Here's Why Binghatti Developers FZE Explore Undo 'The vision includes over 200 proposed initiatives, backed by measurable indicators and policy frameworks, to ensure effective monitoring and implementation. It aims to double the state economy in the next five years, grow GDP 15-fold by 2047, and increase per capita income tenfold. Plans include the creation of 5,000+ smart villages, 10+ smart cities, and positioning Chhattisgarh as a leading IT hub,' Choudhary said. Tripling the Services Sector Currently, Chhattisgarh's economy is driven primarily by the industrial sector, which accounts for 45% of its GDP, followed by services (35%) and agriculture (20%). The new plan seeks to increase the services sector's contribution from 35% to 50% by 2047, identifying it as the engine for future growth. Key proposals include rapid expansion of digital infrastructure, promotion of IT and AI-driven industries, and leveraging healthcare and education tourism. Plans are underway to generate over 10,000 jobs in IT services, establish AI data centers, and invest in logistics and tourism development. An excerpt from the report notes: 'The services sector is expected to expand rapidly, driven by growth in information technology, logistics, and tourism.' A Youth-Driven Economy With 41% of Chhattisgarh's population under 18, the report identifies youth as central to the development agenda. Emphasis has been placed on higher education, vocational training, and youth empowerment. By 2025, premier institutions such as NIFT, NFSU, and NIELIT are expected to begin operations in the state, joining existing centers like IIT, IIM, AIIMS, and NIT. In the longer term, the state aspires to attract institutes such as IISc, IISER, SPA, and NIPER, further strengthening its academic ecosystem. Manufacturing Backbone and Infrastructure Push While services are set to expand, the industrial sector will remain a cornerstone of the economy. The state is a leading national producer of steel, cement, aluminum, and key minerals like coal and iron ore. Chhattisgarh alone contributes 30% of India's iron and steel, 20% of aluminum, and 12% of cement output. However, the state continues to face infrastructure bottlenecks. As a landlocked region, lack of port access and low railway density remain challenges. Its road density (71 km per 100 sq. km) lags behind the national average (139 km). To overcome this, the report advocates for multi-modal logistics corridors, new railway lines, and upgrading Raipur airport into an international hub. Health, Happiness, and Sustainability The document dedicates a major section to human development under the banner 'Swasth aur Sukhi Chhattisgarh' (Healthy and Happy Chhattisgarh). Key health targets include reducing infant mortality from 38 to below 5, and increasing life expectancy from 65 to 84 years by 2047. The roadmap also emphasizes revitalizing tribal economies through sustainable use of the state's 44% forest cover. Proposed measures include promoting herbal farming, bamboo and honey clusters, and experiential tribal tourism—particularly around non-timber forest products (NTFPs). The Road Ahead To achieve the projected GSDP of Rs 76–78 lakh crore by 2047 (from the current ₹5.67 lakh crore), Chhattisgarh must double its economy four times in 23 years, maintaining an average annual growth of 12–13%.
Time of India
17-07-2025
- Business
- Time of India
Chhattisgarh's Vision 2047: 15-Fold GSDP growth, aims to become services and IT hub
RAIPUR: Aiming to boost its Gross State Domestic Product (GSDP) nearly 14 to 15 times by 2047, the Chhattisgarh government with NITI Aayog, has unveiled an ambitious roadmap with a sharp focus on transforming the services sector and investing in its youthful demographic. Tired of too many ads? go ad free now The vision document, titled 'Chhattisgarh Anjor Vision @2047', outlines the state's contribution to India's broader aspiration of becoming a $30 trillion economy by its 100th year of independence. The roadmap rests on three pillars: economic expansion, human development, and sustainable governance. Describing the vision document as more than just a compilation of words, the Chief Minister stated, 'This is a firm resolution and a clear roadmap toward building a self-reliant, prosperous, and developed Chhattisgarh. Inspired by Prime Minister Narendra Modi's 'Developed India @2047' mission, this vision will guide the state to become one of India's leading developed states.' State Finance and Planning Minister O P Choudhary elaborated on the structure and strategy of the Anjor Vision @2047, describing it as a multi-dimensional strategy for inclusive growth, governance reform, and investment promotion. He noted the vision defines short-term (2030), medium-term (2035), and long-term (2047) goals across 13 socio-economic themes, including education, health, industry, infrastructure, logistics, agriculture, forest produce, investment, skills, IT & AI, tourism, culture, environmental conservation, and sustainability. 'The vision includes over 200 proposed initiatives, backed by measurable indicators and policy frameworks, to ensure effective monitoring and implementation. It aims to double the state economy in the next five years, grow GDP 15-fold by 2047, and increase per capita income tenfold. Plans include the creation of 5,000+ smart villages, 10+ smart cities, and positioning Chhattisgarh as a leading IT hub,' Choudhary said. Tired of too many ads? go ad free now Tripling the Services Sector Currently, Chhattisgarh's economy is driven primarily by the industrial sector, which accounts for 45% of its GDP, followed by services (35%) and agriculture (20%). The new plan seeks to increase the services sector's contribution from 35% to 50% by 2047, identifying it as the engine for future growth. Key proposals include rapid expansion of digital infrastructure, promotion of IT and AI-driven industries, and leveraging healthcare and education tourism. Plans are underway to generate over 10,000 jobs in IT services, establish AI data centers, and invest in logistics and tourism development. An excerpt from the report notes: 'The services sector is expected to expand rapidly, driven by growth in information technology, logistics, and tourism.' A Youth-Driven Economy With 41% of Chhattisgarh's population under 18, the report identifies youth as central to the development agenda. Emphasis has been placed on higher education, vocational training, and youth empowerment. By 2025, premier institutions such as NIFT, NFSU, and NIELIT are expected to begin operations in the state, joining existing centers like IIT, IIM, AIIMS, and NIT. In the longer term, the state aspires to attract institutes such as IISc, IISER, SPA, and NIPER, further strengthening its academic ecosystem. Manufacturing Backbone and Infrastructure Push While services are set to expand, the industrial sector will remain a cornerstone of the economy. The state is a leading national producer of steel, cement, aluminum, and key minerals like coal and iron ore. Chhattisgarh alone contributes 30% of India's iron and steel, 20% of aluminum, and 12% of cement output. However, the state continues to face infrastructure bottlenecks. As a landlocked region, lack of port access and low railway density remain challenges. Its road density (71 km per 100 sq. km) lags behind the national average (139 km). To overcome this, the report advocates for multi-modal logistics corridors, new railway lines, and upgrading Raipur airport into an international hub. Health, Happiness, and Sustainability The document dedicates a major section to human development under the banner 'Swasth aur Sukhi Chhattisgarh' (Healthy and Happy Chhattisgarh). Key health targets include reducing infant mortality from 38 to below 5, and increasing life expectancy from 65 to 84 years by 2047. The roadmap also emphasizes revitalizing tribal economies through sustainable use of the state's 44% forest cover. Proposed measures include promoting herbal farming, bamboo and honey clusters, and experiential tribal tourism—particularly around non-timber forest products (NTFPs). The Road Ahead To achieve the projected GSDP of Rs 76–78 lakh crore by 2047 (from the current ₹5.67 lakh crore), Chhattisgarh must double its economy four times in 23 years, maintaining an average annual growth of 12–13%.
