Innovative financing models were necessary since some projects under the Belt and Road Initiative require large investments with long payback periods, He said.
The Budget attempts to kickstart the investment cycle through robust public capex spend even as it places equal emphasis on crucial areas such as agriculture & farmer welfare, rural development, healthcare and skill development in an effort to address rural distress after two successive subpar monsoons.
Despite a drop in investment commitments of USD 6.2 billion last year, India has figured in top five emerging economies for highest investment commitments in private sector, infrastructure sectors energy, transport and water, according to a World Bank report.
The project also aims to ensure that all villages in India have high speed Internet. Sources say that Prime Minister Narendra Modi will head the monitoring group of the project and will aim to complete the project by 2019.
The Cabinet note on rescheduling premium of public private partnership (PPP) projects has been moved. Sources told CNBC-TV18's Rituparna Bhuyan that there are some stringent conditions that have been proposed.
CNBC-TV18's Archana Shukla reports that the government's plans to boost port infrastructure has failed to excite operators.
Will farmers get a better deal if the standing committee's views are incorporated in the Land Acquisition Bill?
While Railways minister Dinesh Trivedi admitted that finances were a problem, he says he is looking to the government to provide nearly Rs 2.5 lakh crore to the railways for the modernisation drive.