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Cabinet approves enhancement in the corpus of Emergency Credit Line Guarantee Scheme for increasing the limit of admissible guarantees

Hospitality and related sectors to get a boost Loans worth about Rs. 3.67 Lakh crore have been sanctioned under ECLGS The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the enhancement in the limit of Emergency Credit Line Guarantee Scheme (ECLGS) by Rs 50,000 crore from Rs. 4.5 Lakh crore to Rs. 5 Lakh crore, with the additional amount being earmarked exclusively for enterprises in hospitality and related sectors. The increase has been done on account of the severe disruptions caused by COVID-19 pandemic on hospitality and related enterprises. Implementation schedule: ECLGS is a continuing scheme. The additional amount of Rs. 50,000 crore would be made applicable to enterprises in hospitality and related sectors till validity of the scheme which is 31.3.2023. Impact: ECLGS is an already operational scheme and on account of the disruptions caused by the COVID 19 pandemic on hospitality and related sectors, Government has specifically earmarked an amount of Rs. 50,000 crore for enterprises in these sectors. The enhancement is expected to provide much needed relief to enterprises in these sectors by incentivizing lending institutions to provide additional credit of up to Rs. 50,000 crore at low cost, thereby enabling these business enterprises to meet their operational liabilities and continue their businesses. Loans of about Rs. 3.67 Lakh crore have been sanctioned under ECLGS till 5.8.2022. Background: The ongoing pandemic has adversely impacted contact-intensive sectors, especially the hospitality and related sectors more severely. While other sectors were back faster on the path of recovery, demand continued to be subdued for these sectors for longer period, suggesting the need for suitable interventions for their sustenance and recovery. Further, given their high employment intensity and their direct and indirect linkages with other sectors, their revival is also necessary for supporting overall economic recovery. Recognising this, in Union Budget 2022-23, it was announced to extend validity of ECLGS upto March, 2023 and increase in the limit of guaranteed cover of ECLGS by Rs. 50,000 crore to total cover of Rs. 5 Lakh core, with the additional amount being earmarked exclusively for the enterprises in hospitality and related sectors. With high immunization levels, progressive roll-back of restrictions and overall economic recovery, conditions are in place for sustained growth in demand for these sectors as well. This additional guarantee cover is expected to support the recovery of these sectors as well. This additional guarantee cover is expected to support the recovery of these sectors.
PM condoles demise of Dr Kenneth David Kaunda

The Prime Minister, Shri Narendra Modi has condoled the demise of Dr Kenneth David Kaunda, former President of Zambia. In a tweet the Prime Minister said : “Saddened to hear of the demise of Dr. Kenneth David Kaunda, a respected world leader and statesman. My deepest condolences to his family and the people of Zambia.”
Cabinet approves setting up of Indian Institute of Petroleum and Energy at Visakhapatnam in Andhra Pradesh

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for setting up of Indian Institute of Petroleum and Energy (IIPE) at Visakhapatnam in Andhra Pradesh as “an Institute of National Importance” through an Act of Parliament. The Institute will have the governance structure as well as legal mandate to grant degrees in a manner similar to that enjoyed by IITs. A separate Act will also impart the required status to the Institute to become a “Centre of Excellence” in petroleum and energy studies. The Cabinet has also approved Rs 655.46 crore as capital expenditure to set up IIPE and contribution of Rs 200 crore towards its Endowment Fund (in addition to a contribution of Rs 200 crore from Oil Companies towards the Endowment Fund). As committed under the 13 Schedule of Andhra Pradesh Reorganization Act, 2014, it has been decided to set up this Institute. The objective is to meet the quantitative and qualitative gap in the supply of skilled manpower for the petroleum sector and to promote research activities needed for the growth of the sector. The academic and research activities of IIPE will derive strength from the Institute’s proximity to sector-related activities such as KG-Basin, Visakhapatnam refinery and the planned Petrochemical complex at Kakinada. Background: Andhra Pradesh Government has allocated 200 acres of land, free of cost, for setting up of IIPE at Sabbavaram Mandal in Visakhapatnam district. IIPE has been registered as a Society under the AP Society Registration Act, 2001 on 18/04/2016. A temporary campus of IIPE has been set up from academic session 2016-17 from the Andhra University Campus with two undergraduate programmes namely, Petroleum Engineering and Chemical Engineering (with capacity of 50 students each). IIT, Kharagpur has taken up the responsibility of mentoring the Institute.
PM condoles the passing away of theatre legend Ebrahim Alkazi

The Prime Minister, Shri Narendra Modi has condoled the passing away of theatre legend Ebrahim Alkazi. In a tweet, the Prime Minister said, “Shri Ebrahim Alkazi will be remembered for his efforts to make theatre more popular and accessible across India. His contributions to the world of art and culture are noteworthy too. Saddened by his demise. My thoughts are with his family and friends. May his soul rest in peace.”
PM interacts with Indian Community in Washington DC

Prime Minister Shri Narendra Modi, today interacted with the Indian community in Washington DC. He said that the Indian diaspora rejoiced whenever there was good news from India, and wanted India to scale newer heights. He appreciated the role played by the diaspora in contributing towards the American economy. The Prime Minister said that people in India are now getting opportunities and the right environment. He expressed confidence that soon, they would transform the country. The Prime Minister asserted that in the last three years, there has not been a single allegation of corruption on the Union Government. The Prime Minister spoke of the role of technology in reducing corruption. Elaborating on the benefits of Direct Benefit Transfer, he said this has helped in better targeting of subsidy and eliminated leakage to a large degree. The Prime Minister complimented families which have given up their LPG subsidy. He laid out the vision of providing LPG connections to 5 crore poor households. “When I think of a developed India, I think of a healthy India, particularly the good health of the women and children of our nation”, he added. The Prime Minister said that through technology-driven governance, a modern India is being created. He said that when appropriate policies and governance are in place, the aspirations of the people of India can be achieved. The Prime Minister spoke about terrorism, and said the world has now understood the threat it poses. In this context, the Prime Minister spoke of the surgical strikes carried out by India recently. The Prime Minister also appreciated the role of the Ministry of External Affairs, and in particular, the External Affairs Minister Smt. Sushma Swaraj, in helping people in distress, across the world.
Former President of Sri Lanka, Ms. Chandrika Kumaratunga Bhandaranaike calls on the PM

Former President of Sri Lanka, Ms. Chandrika Kumaratunga Bhandaranaike called on the Prime Minister Shri Narendra Modi today. Mr Kumaratunga is visiting India to attend the ongoing international conference “Samvad- Global Hindu-Buddhist Initiative on conflict avoidance and environment consciousness”. Prime Minister welcomed the successful holding of the parliamentary elections in Sri Lanka in a peaceful and participative manner as reflective of the strength of democracy in the country. He deeply appreciated the leadership role played by Ms Chandrika in the country and in strengthening relations between India and Sri Lanka. He expressed confidence that Ms Chandrika would continue to play an important role in Sri Lanka to move towards genuine reconciliation and social harmony where the aspirations of all the communities would be met within the framework of united Sri Lanka. Prime Minister reiterated that India attached the highest importance to its relations with Sri Lanka. Both countries enjoyed deep and enduring links of kinship, history and culture. He looked forward to continue to work closely with the President and the Prime of Sri Lanka to take the relationship to new heights.
PM and Bangladesh PM jointly dedicate second cross border transmission interconnection system between India and Bangladesh

The Prime Minister, Shri Narendra Modi, and the Prime Minister of Bangladesh, Sheikh Hasina, today jointly dedicated via video-conferencing, the second cross border transmission interconnection system between India and Bangladesh. This will link Surjyamaninagar in Tripura with South Comilla in Bangladesh. The two leaders also dedicated the transmission of 10 GBPS internet connectivity between Cox Bazaar in Bangladesh, and Agartala. Speaking on the occasion, the Prime Minister hailed this as a historic moment in India-Bangladesh ties. He recalled the warm association that Bangabandhu Sheikh Mujibur Rahman shared with India. He welcomed the many avenues of cooperation that have opened up between the two countries in recent times, and praised the Prime Minister of Bangladesh, Sheikh Hasina, for taking forward Bangabandhu’s vision and thoughts. The Prime Minister said he attaches tremendous importance to the opening up of the new internet gateway in the eastern part of India, and said it would greatly benefit the North-eastern states by giving a boost to communication in the region. He highlighted the multiple channels of increased connectivity between the two countries in recent times, including road connectivity and digital connectivity. The Prime Minister offered all support to Bangladesh, for the launch of the Bangabandhu satellite. He extended best wishes to the cricket teams of both countries for the T-20 cricket match today.
Delhi is the capital of a big economic and strategic power of more than 130 crore people, its grandeur should be evident: PM

Work is on for developing 21st century attractions in Delhi: PM The Prime Minister, Shri Narendra Modi today said that each and every city of the country, big or small, is going to be hub of India’s economy, however, Delhi, as national capital, should reflect the grandeur of 21st century India that is making its own presence felt in the world. He said many efforts are being made to modernize this old city. The Prime Minister was speaking after inaugurating the first-ever driverless Metro operations and launching the expansion of National Common Mobility Card to the Airport Express Line of Delhi Metro via video conference. Shri Modi said that the government has incentivized electric mobility by giving tax rebates. He said that old infrastructure of the capital is being transformed into infrastructure based on modern technology. This thinking is reflected in provision of better living conditions to slum dwellers through regularization of hundreds of colonies and in turning old government building into environment friendly modern structures. The Prime Ministers stressed that along with Delhi being an old tourist destination, work is on for developing 21st century attractions in the city. As Delhi is becoming a favoured destination of international conference, international exhibition and international business tourism, the country’s largest centre is being constructed in the Dwaraka locality of the capital. Similarly, work for the new Parliament building has commenced along with a very big Bharat Vandana Park. This will not only give employment to thousands of people from Delhi but will also change the face of the city. While congratulating the citizens of the capital for the first-ever driverless Metro operations and launching of the expansion of National Common Mobility Card to the Airport Express Line of Delhi Metro, the Prime Minister said “Delhi is the capital of a big economic and strategic power of more than 130 crore people, its grandeur should be evident here.”
PM inaugurates the first Global Innovation Summit of the Pharmaceuticals sector

“The global trust earned by the Indian healthcare sector has led to India being called the “pharmacy of the world” in recent times” “We believe in the well-being of the entire humankind. And, we have shown this spirit to the whole world during the Covid-19 global pandemic” “India has a large pool of scientists and technologists with a potential to take the industry to greater heights. This strength needs to be harnessed to “Discover and Make in India” “We must think about ramping up domestic manufacturing of key ingredients for vaccines and medicines. This is one frontier that India has to conquer”” “I invite you all to Ideate in India, Innovate in India, Make in India and Make for the World. Discover your true strength and serve the World” The Prime Minister, Shri Narendra Modi inaugurated the first Global Innovation Summit of the Pharmaceuticals sector. Union Minister Dr. Mansukh Mandaviya was present on the occasion Addressing the gathering, the Prime Minister said that the pandemic has brought the Pharmaceuticals sector into sharp focus. Whether it is lifestyle, or medicines, or medical technology, or vaccines, every aspect of healthcare has received global attention over the last two years. In this context, the Prime Minister said that the Indian pharmaceutical industry has also risen to the challenge. “The global trust earned by the Indian healthcare sector has led to India being called the “pharmacy of the world” in recent times”, Shri Modi said. The Prime Minister elaborated that “our definition of wellness is not limited by physical boundaries. We believe in the well-being of the entire humankind. And, we have shown this spirit to the whole world during the Covid-19 global pandemic”. During the pandemic, “we exported lifesaving medicines and medical equipment to over 150 countries during the initial phase of the pandemic. We have also exported more than 65 million doses of Covid vaccines to nearly 100 countries this year”, The Prime Minister informed. . The Prime Minister envisioned creating an ecosystem for innovation that will make India a leader in drug discovery and innovative medical devices. He said policy interventions are being made based on wide consultation with all stakeholders. The Prime Minister noted that India has a large pool of scientists and technologists with a potential to take the industry to greater heights. “This strength needs to be harnessed to “Discover and Make in India”, he added. The Prime Minister stressed on developing indigenous capabilities. “Today, when 1.3 billion people of India have taken it upon themselves to make India Aatmanirbhar, we must think about ramping up domestic manufacturing of key ingredients for vaccines and medicines. This is one frontier that India has to conquer”, the Prime Minister urged. The Prime Minister invited the stakeholders to Ideate in India, Innovate in India, Make in India and Make for the World. Discover your true strength and serve the World, he concluded.
PM lays foundation stone of ‘Nagpur Metro phase- II’ and dedicates ‘Nagpur Metro Phase I’ to the nation

Takes a metro ride from Freedom Park Metro Station to Khapri Metro Station The Prime Minister, Shri Narendra Modi dedicated ‘Nagpur Metro Phase I’ to the nation, and laid the foundation stone of ‘Nagpur Metro phase- II’ at Khapri Metro Station today. The Prime Minister also flagged off two inaugural metro trains from Khapri to Automotive Square and Prajapati Nagar to Lokmanya Nagar. Phase I of the Nagpur Metro is developed at a cost of more than Rs 8650 crore while Phase- II will be developed at a cost of more than Rs 6700 crore. The Prime Minister arrived at the Khapri Metro Station after taking a ride in the Nagpur Metro from Freedom Park Metro Station. Before boarding the metro at Freedom Park Metro Station, the Prime Minister took a walkthrough of the Nagpur Metro Rail Project and witnessed the ‘Sapno Se Behtar’ Exhibition that was showcased. The Prime Minister bought himself an e-ticket at the AFC Gate and travelled with students, citizens and officials. He also interacted with them on the journey. The Prime Minister tweeted: “I would like to congratulate the people of Nagpur on the inauguration of the Nagpur Metro’s Phase 1. Flagged off two metro trains and also took a ride on the metro. The metro is comfortable and convenient.” “On board the Nagpur Metro, PM interacted with students, those from the start-up sector and citizens from other walks of life.” The Prime Minister was joined by Chief Minister of Maharashtra, Shri Eknath Shinde, Governor of Maharashtra, Shri Bhagat Singh Koshyari, Deputy Chief Minister of Maharashtra, Shri Devendra Fadnavis and Union Minister of Road Transport and Highways, Shri Nitin Gadkari when he arrived via metro at Khapri Metro Station. Background In yet another step that will revolutionise urban mobility, the Prime Minister dedicated ‘Nagpur Metro Phase I’ to the nation and flagged off two metro trains – from Khapri to Automotive Square (Orange Line) and from Prajapati Nagar to Lokmanya Nagar (Aqua line) – at Khapri Metro Station. Phase I of the Nagpur Metro is developed at a cost of more than Rs 8650 crore. The Prime Minister also laid the foundation stone of Nagpur Metro Phase- II, which will be developed at a cost of more than Rs 6700 crore.
Cabinet approves Memorandum of Association (MoA) by India for establishment of BIMSTEC Technology Transfer Centre at Colombo, Sri Lanka

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved a Memorandum of Association (MoA) by India for establishment of Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Technology Transfer Facility (TTF) was signed by the BIMSTEC member countries at the 5th BIMSTEC Summit held at Colombo, Sri Lanka on 30th March, 2022. The main objectives of the BIMSTEC TTF are to coordinate, facilitate and strengthen cooperation in technology transfer among the BIMSTEC Member States by promoting the transfer of technologies, sharing of experiences and capacity building. The TTF shall facilitate transfer of technologies among the BIMSTEC Member States, amongst other things, in the following priority areas Biotechnology, Nanotechnology, Information and Communication Technology, Space technology applications, Agricultural technology, Food processing technology, Pharmaceutical technology automation, New and renewable energy technology automation, New and Renewable energy technology, Oceanography, Nuclear Technology Applications, E-waste and solid waste management technology, Health Technologies, Technologies pertinent to Disaster Risk Reduction and Climate Change Adaptation. The TTF shall have a Governing Board and the overall control of activities of the TTF shall be vested in the Governing Board. The Governing Board shall consist of one nominee from each Member State. The expected outcomes of the BIMSTEC TTF are: i. Databank of technologies available in BIMSTEC Countries, ii. Repository of information on good practices in the areas of technology transfer management, standards, accreditation, metrology, testing and calibration facilities, iii. Capacity building, sharing of experiences and good practices in development, and iv. Transfer and use of technologies among BIMSTEC countries.
PM to visit Uttar Pradesh on December 16, 2018

The Prime Minister, Shri Narendra Modi, will visit Uttar Pradesh, on December 16, 2018. At Rae Bareli, the Prime Minister will inspect the Modern Coach Factory. At a public meeting, he will flag-off the 900th coach, and a Humsafar Rake of this Factory. He will dedicate to the nation, inaugurate, or lay the Foundation Stone of various development projects. The Prime Minister will also address the gathering. The Prime Minister will then proceed to Prayagraj. He will inaugurate a state-of-the-art Command and Control Centre for the Kumbh Mela. He will perform Ganga Pujan, and visit the Swachh Kumbh exhibition. Shri Narendra Modi will also visit the “Akshayvat” in Prayagraj. The Prime Minister will then proceed to Andawa, where he will dedicate to the nation, inaugurate, or lay the Foundation Stone of various development projects. The Prime Minister will also address the gathering. The Prime Minister will then arrive at Bamrauli Airport, Prayagraj. He will inaugurate the new terminal building of the Airport, before returning to Delhi.
PM’s meeting with Prime Minister of Iceland

Prime Minister Shri Narendra Modi had a bilateral meeting with H.E. Ms. Katrin Jakobsdottir, Prime Minister of Iceland, in Copenhagen on the sidelines of the 2nd India-Nordic Summit. Both Prime Ministers warmly recalled their first meeting during the 1st India-Nordic Summit in Stockholm in April 2018. They noted that this year both countries are celebrating the 50th anniversary of establishment of diplomatic relations. Both leaders discussed ways to further strengthen economic cooperation especially in the sectors of geothermal energy, Blue Economy, Arctic, renewable energy, fisheries, food processing, education including digital universities, and culture. Geothermal energy, in particular, is an area where Iceland has special expertise, and both sides stessed on collaboration between universities of both countries in this sector. Prime Minister lauded Prime Minister Jakobsdottir’s personal efforts at promoting gender equality and briefed her on India’s advances in this regard. Discussions also took place on expediting the India – EFTA trade negotiations. Discussions also took place on regional and global developments.
On the eve of Deepavali, PM to visit Ayodhya on 23rd October

PM to inspect Shree Ram Janmabhoomi Teerth Kshetra site PM to perform darshan and pooja of Bhagwan Shree Ramlala Virajman PM to perform the Rajyabhishek of symbolic Bhagwan Shree Ram PM to commence the grand Deepotsav celebrations PM to witness Aarti at New Ghat, Saryu river, 3-D Holographic Projection Mapping Show On the eve of Deepavali, Prime Minister Shri Narendra Modi will visit Ayodhya, UP on 23rd October. At around 5 PM, Prime Minister will perform darshan and pooja of Bhagwan Shree Ramlala Virajman, followed by inspection of Shree Ram Janmabhoomi Teerth Kshetra site. At around 5:45 PM, he will perform the Rajyabhishek of symbolic Bhagwan Shree Ram. Around 6:30 PM, Prime Minister will witness Aarti at New Ghat, Saryu river, which will be followed by the commencement of the grand Deepotsav celebrations by the Prime Minister. This year, the sixth edition of Deepotsav is being held, and it is for the first time that the Prime Minister will be participating in-person in the celebrations. More than 15 lakh diyas will be lit on the occasion. Five animated tableaus and eleven Ramleela tableaus with different dance forms from different states will also be put up during Deepotsav. Prime Minister will also witness the 3-D Holographic Projection Mapping Show at Ram Ki Paidi at the banks of river Saryu along with the Grand Musical Laser Show.
PM greets Haryana on its formation day

Prime Minister Narendra Modi today greeted the people of Haryana on the occasion of the formation day of the state. Haryana was formed on the 1st of November 1966. Prime Minister described the state as brave, skilled, youthful and as an amalgamation of the ancient and modern cultures. He wished that the state continues to progress and contribute for the welfare of the nation.