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Targeted infra push can reignite economy: RBI Governor
Why is it in news?
- The Reserve Bank of India (RBI) Governor pitched for a “big push” to certain targeted mega infrastructure projects.
- He also suggested a series of reforms in the electricity sector to promote solar energy via accelerated depreciation benefits and fiscal incentives.
More from the RBI Governor:
- He identified infrastructure as “force multiplier for growth” and one of the five silent dynamic shifts happening in the economy.
- A big push to certain targeted mega infrastructure projects can reignite the economy.
- This could begin in the form of a north-south and east-west expressway together with high speed rail corridors.