00:00In order to promote environmentally sustainable passenger systems, we will develop seven high-speed rail corridors between cities as growth connectors, namely Mumbai to Pune, Pune to Hyderabad, Hyderabad to Bengaluru, Hyderabad to Chennai, Chennai to Bengaluru, Delhi to Varanasi, Varanasi to Seligurum.
00:30Financial sector, the Indian banking sector today is characterized by strong balance sheet, historic highs in profitability, improved asset quality and coverage exceeding 98% of villages in the country.
00:59At this juncture, we are well placed to futuristically evaluate the measures needed to continue on the path of reform-led growth of this sector.
01:08I propose setting up a high-level committee on banking for Vikasit Bharat, high-level committee on banking for Vikasit Bharat, to comprehensively review the sector and align it with India's next phase of growth,
01:28while safeguarding financial stability, inclusion, and consumer protection.
01:36The vision for NBFCs for Vikasit Bharat has been outlined with clear targets for credit disbursement and technology adoption.
01:46In order to achieve scale and improve efficiency in the public sector NBFCs, as a first step, it is proposed to restructure the Power Finance Corporation and Rural Electrification Corporation.
02:00I propose a comprehensive review of the foreign exchange management non-debt instruments rules to create a more contemporary, user-friendly framework for foreign investments,
02:17consistent with India's evolving economic priorities.
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