CURRENT AFFAIRS

Detailed explanation-1: -Prime Minister Narendra Modi has launched the ₹100 lakh crore national master plan called “Gati Shakti” for multi-modal connectivity that aims to develop infrastructure to reduce logistic costs and boost the economy.

Detailed explanation-2: -The ₹100 lakh crore mega plan was launched with a digital platform to bring 16 ministries together for integrated planning and implementation of projects. Infrastructure development is a critical enabler to achieve a $20 trillion economy by 2040.

Detailed explanation-3: -Under the Pradhan Mantri Gati Shakti (PMGS), one of the more ambitious programmes of Prime Minister Narendra Modi, a total investment of more than Rs 1 lakh crore has been approved for 22 major infrastructure projects, sources have said.

Detailed explanation-4: -Finance Minister Nirmala Sitharaman in 2022 had allotted Rs 20, 000 crore as total outlay toward Gati Shakti in the Union Budget for the financial year 2022-23 for integrated planning and coordinated implementation of infrastructure connectivity projects.