Economic benefits: Further, the economic corridors will ensure that time taken for transporting goods from manufacturing sectors is reduced.
Better road connectivity: This will lead to improving of road connectivity in northeast and other border states to facilitate international trade.
Employment generation: The highway construction programme will push economic activity and generate at least 14.2 crore-man days across the country over the next five years.
Way Forward
The decision is a positive step but still the work will have to be done to deepen the corporate bond market, increase the amount of credit enhancement, ease rules on InvITs and ensuring that there is enough money with the NIIF as that will be an important source of finance.
INTERNATIONAL AFFAIRS
U.S.- Israel Withdraw From UNESCO
The US and Israel have announced to withdraw from the United Nations Scientific and Cultural Organization (UNESCO).
