Centre permits 100 pc FDI via automatic route for aircraft maintenance, repair and overhaul
The Union Government has permitted 100 per cent Foreign Direct Investment (FDI) via automatic route for aircraft maintenance, repair and overhaul (MRO).
The minister asserted that the economy has been put firmly on a high sustainable growth path with all-round development.
Union Finance Minister Nirmala Sitharaman on Thursday said the central government will present a white paper on where India stood before 2014 and where it was now under the Narendra Modi regime.
Speaking during presenting the Interim Budget 2024, she noted, “In 2014 when our government assumed the reins, the responsibility to mend the economy step by step and to put the governance systems in order was enormous. The need of the hour was to give hope to the people, to attract investments, and to build support for the much-needed reforms. The Government did that successfully following our strong belief of ‘nation-first’.”
The minister asserted that the economy has been put firmly on a high sustainable growth path with all-round development.
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“The government will lay a white paper in the House to look at where we were then till 2014 and where we are now, only for the purpose of drawing lessons from the mismanagement of those years,” she said.
“The exemplary track record of governance, development and performance, effective delivery, and ‘Jan Kalyan’ has given the government trust, confidence and blessings of the people to realize, whatever it takes, the goal of ‘Viksit Bharat’ with good intentions, true dedication and hard work in the coming years and decades,” she added.
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