Vajpayee unveils multi-point agenda for boosting economy.
As you may know our state Kerala depends primarily on 2 sources for revenue,one is agriculture and the other remittance of NRIs,a distant third will be small businesses.Natural rubber,spices and commodities primarily constitute the agriculture sector and prices of natural rubber has gone down considerably affecting the spending habits of consumers since a lot of them depend on natural rubber as for foreign remittance I hear it has slowed down a bit since the bond issue so things have been kind of slow in the state as well.
Now here is a new program announced by the PM to kick start the economy and it looks good on paper,I hope they come through with it with out delay.
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.....In order to boost government spending in the infrastructure sector, the Vajpayee government would start, within this year, and from 20 different places across the country, work on a major 7,000-km-long, Rs 280 billion road project. It would envisage building a six-lane north-south corridor connecting Kashmir to Kanyakumari and an east-west corridor connecting Silchar to Saurashtra. The project has the potential to create 30 million man-years of employment, he added...
rediff.com |
