Industry must invest, innovate; take advantage of Budget announcements: Modi
New Delhi (PTI): Prime Minister Narendra Modi on Friday asked the industry to come forward with investment and innovation, and exhorted financial institutions to help them with practical solutions and strengthen market confidence.
Addressing a post-Budget webinar on 'Technology, Reforms and Finance for Viksit Bharat', Modi said when government, industry and knowledge partners come together, "reforms translate into results", and "announcements on paper turn into achievements on the ground".
In the last one decade, the government has laid emphasis on infrastructure, he said, adding that public capex has increased from Rs 2 lakh crore 11 years ago, to over Rs 12 lakh crore in the Union Budget 2026-27.
This high capex allocation is a signal to the private sector to come forward with new vigour, Modi said, adding that the industry should take advantage of all the 2026-27 Budget announcements.
"India Inc should come forward with fresh investment, innovation; financial institutions should help design practical solutions and improve market confidence," Modi said.
Over the past decade, India has demonstrated extraordinary resilience, the PM said, adding that this has not happened by chance but due to conviction-driven reforms.
The government has also simplified processes and made ease of doing business much simpler.
"My suggestion is that we should develop a clear 'Reform Partnership Charter' which will have collaboration between government, industry, financial institutions and academia. This charter will become an important document in the goal to achieve Viksit Bharat by 2047," he said.
Observing that the Budget is often evaluated on different parameters, Modi said "the national Budget is not a short-term trading document. It is a policy roadmap. Therefore, the effectiveness of the Budget should also be assessed on solid and substantive parameters".
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Deputy Lokayukta Justice B. Veerappa conducts surprise inspections in Udupi, pulls up officials
Udupi: Deputy Lokayukta Justice B. Veerappa carried out surprise inspections at multiple locations in Udupi early Friday morning and expressed dissatisfaction over shortcomings in maintenance and sanitation.
The inspection began at the wastewater treatment plant in Nittur, where Justice Veerappa observed what he described as serious lapses in its functioning. He questioned the concerned officials, including the Municipal Commissioner, over the alleged discharge of untreated wastewater into the sea.
“You, who receive Rs 3 lakh every month for the maintenance of the unit, are discharging the wastewater directly into the sea without treating it,” he said during the inspection. Officials from the Environment Department were also pulled up in connection with the matter.
The Deputy Lokayukta later visited Malpe Port to review sanitation conditions. He noted the presence of accumulated waste, sewage flow and foul smell in and around the port area, and directed the authorities to take immediate corrective steps to improve hygiene.
Justice Veerappa also inspected the KSRTC bus stand at Bannanje, including the cleanliness of the canteen premises. During the visit, women staff working at the canteen brought to his notice the absence of facilities such as ESI benefits. He directed the contractor to address the issue without delay and indicated that further action would be taken if compliance was not ensured.
