PM Modi also released the sixth installment of funds of Rs 17,000 crore to 8.5 crore farmers under the PM-KISAN scheme. The Cabinet had approved the Scheme of financing facility for farmers as part of the Fund.
Goyal, who also holds the railways portfolio, said, over the past 11 days, freight trains have doubled their speed and moved larger volumes of goods. The average speed of such trains is 46 km per hour, against just 23 km a year before.
The world is "looking for trusted partners...who have a rule of law, who have transparency in the system, who have a court of appeal, which have vibrant media, strong judiciary and democratic traditions.
Asserting that a case study is in the offing based on three years of imports and exports, Gadkari said China's 70 per cent of exports pertained to ten sectors that included electrical machinery and equipment accounting for 26.09 per cent of its exports worth USD 671 billion and machinery including computers grabbing 10.70 per cent of its exports worth USD 417 billion.
Highlighting several steps taken by the government to protect honest taxpayers from unnecessary harassment, the minister said only a very few countries, such as Australia and the US, currently have such charters in place.
Movement in the FCA occurs mainly on account of purchase or sale of foreign exchange by the RBI, income arising out of the deployment of foreign exchange reserves, external aid receipts of the government and revaluation of assets.