Existing political trends will accelerate in a post #COVID world. More nationalism; increasing trust deficit and stress on supply chains.
India’s strategic calculation in a post #Brexit UK would take into account the whole spectrum of “Multiple UKs” - the European UK, the TransAtlantic UK, the Historical UK, the Diaspora UK, the City of London UK, the Innovative UK.
Strong structural and policy reasons for increasing #IndiaAustralia engagement. Growing economic relationship, expanding cooperation in creating a more stable & secure region.
Unique relationship with #Singapore - for India, it is the pulse of the world.
#IndiaUS - A relationship that took 6 decades to find itself but is now making up for the lost time. Would expect it to become important even in the American calculus of the world.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
2. Approval of PM-Surya Ghar: Muft Bijli Yojana for installing rooftop solar in 10 million households.
Will save electricity bills and help households earn additional income through sale of surplus power to DISCOMs. Will also create around 170,000 direct jobs.
3.Approval of royalty rates for mining of 12 critical and strategic minerals.
The decision completes the rationalisation of royalty rates for all 24 critical and strategic minerals and will enable Government to auction blocks for these 12 minerals for the first time.
Finance Minister @nsitharaman ji presented the Budget of the 5th largest economy of the world today.
10 reasons why the world should welcome it:
𝟏.𝐈𝐧𝐝𝐢𝐚 𝐚𝐬 𝐚 𝐬𝐭𝐫𝐨𝐧𝐠𝐞𝐫 𝐞𝐧𝐠𝐢𝐧𝐞 𝐨𝐟 𝐠𝐥𝐨𝐛𝐚𝐥 𝐠𝐫𝐨𝐰𝐭𝐡. Capital investment outlay increased by 33% to Rs 10 trillion (Now 3.3% of GDP).
𝟐.𝐄𝐧𝐡𝐚𝐧𝐜𝐢𝐧𝐠 𝐄𝐚𝐬𝐞 𝐨𝐟 𝐃𝐨𝐢𝐧𝐠 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬. Includes KYC process simplification, Greater GIFT IFSC activities and establishing an EXIM Bank subsidiary for trade re-financing, PAN as Common Business Identifier, Central Data Processing Centre,
This ranges from enhancing self-reliance, reducing poverty, unleashing youth and women power and strengthening diversity.
India is today a provider of solutions, ensuring basic facilities to its people, creating a modern infrastructure, building a digital network, eliminating corruption in Government schemes and above all, overcoming policy paralysis.
2️⃣ India’s working democracy is an important reason for the world why it matters.
3️⃣ India matters because global opportunities and challenges cannot be separated and India counts on both scores.
4️⃣ India matters when it is perceived as an exemplar by many in the Global South. And because there are few others who have taken our Development Partnership approach.
5️⃣ India matters when it makes a greater contribution to global production and services.
Addressed Foreign Ministers’ Session on G20 at Voice of Global South Summit.
Made following 7️⃣points:
1️⃣India and the Global South not only have a common future but also a common past. We shoulder burdens of a colonial past,even as we face inequities of the current world order.
2️⃣ While we promote faster rebalancing, more multipolarity and reformed multilateralism, it is imperative that key global conversations of our times reflect our concerns and challenges.
3️⃣ Challenges of unsustainable debt, unviable projects, trade barriers, contracting financial flows and climate pressure have been compounded by covid pandemic & knock-on effects of the Ukraine conflict.