Prime Minister Narendra Modi has an oil problem. And it’s set to worsen with Saudi Arabia rooting for the commodity to push through the $80 barrier.
Considering its size, scale of operations and importance in the country’s transport infrastructure, the Railway Ministry got a political lightweight at the helm when the Narendra Modi government came to power in 2014.
Prime Minister Narendra Modi and the rupee face a similar predicament — old foes have re-emerged to keep them in check.
Soon after global crude oil prices hit $80 a barrel, the government said it expected an increase of $25-50 billion in the import bill for 2018-19. That could lead to an oil import bill of $130-155 billion. India’s crude oil import bill for 2018-19 was estimated at $105 billion, according to the petroleum ministry’s Petroleum Planning and Analysis Cell (PPAC).
Prime Minister Narendra Modi will be laying the foundation stone to mark the commencement of the work on India’s longest road tunnel and Asia’s longest bidirectional tunnel on Saturday.
With the buzz of development and security, Prime Minister Narendra Modi will launch a host of mega projects during his flying visit to the winter capital on Saturday, according to official sources here.
Prime Minister Narendra Modi who is scheduled to visit Jammu and Kashmir tomorrow will inaugurate ring road projects in Jammu and Srinagar and also attend the commencement of work on Zojila Tunnel on the Srinagar-Leh Highway.
The Raxaul-Kathmandu rail link has the potential of having a ‘transformational impact’ on the region. During the just-concluded visit to Nepal, termed “historic” by Prime Minister Narendra Modi himself, he and his host, Nepalese Premier KP Sharma Oli,
The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday gave its ex-post facto approval to the signing of MoU between India and Morocco in the field of mining and geology.
NITI Aayog, the government’s premier think tank, plans to hold the fourth meeting of its governing council next month to discuss the agenda for ‘New India 2022’ to expedite economic growth over the next four years.