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World Bank President and Nirmala Sitharaman talks about COVID-19 and the Russia-Ukraine conflict
Union Finance Minister Nirmala Sitharaman met with World Bank President David Malpass in Washington on Friday (local time) to discuss several important economic challenges, including India’s long-term recovery from the COVID-19 pandemic and the impact of the Russia-Ukraine conflict. They also talked about India’s future G20 presidency and the World Bank’s leadership in the country.
“The two discussed India’s sustained recovery from COVID-19, the impact of the Russia-Ukraine war, the Single Borrower Limit and the potential of Guarantees from other G-7 states, India’s G20 Presidency, and WorldBank leadership in India,” the Finance Ministry said.
Finance Minister Nirmala Sitharaman said during the meeting that India’s COVID pandemic response has prioritised saving lives and livelihoods. According to the Finance Minister, India has effectively managed the world’s second-largest immunisation programme, with more than 1.85 billion vaccine doses administered.
‘Multilateralism has become increasingly important.’
In response to global uncertainty, the Union Finance Minister stated that multilateralism has grown more important as the globe enters a period of unprecedented uncertainty. India remains concerned about the dangers to global recovery due to rising uncertainty among increased geopolitical tensions, the finance minister said, referring to the continuing global crisis, especially the Russia-Ukraine conflict.
FM Sitharaman emphasised India’s infrastructure development strategy, according to the Finance Ministry. “India’s strategy for infrastructure development was underlined by Finance Minister Smt. Nirmala Sitharaman and we look forward to the World Bank’s sustained support for funding #investments for the National Infrastructure Pipeline NIP and PM GatiShakti programme,” the ministry stated.
FM spoke with executives from FedEx, Mastercard, and other companies.
Finance Minister Nirmala Sitharaman met CEOs of significant American corporations like FedEx and Mastercard on Thursday (local time) during her official visit to the United States and discussed many investment opportunities in India, which is on track to become the world’s fastest-growing global economy.
FedEx President and CEO-elect Raj Subramanian remarked during his meeting with the Finance Minister that he is excited about India and has substantial expansion ambitions, notably in skilling. Subramanian indicated an interest in establishing research and development centres in India and lauded the government’s commitment to integrated growth through the PM Gati Shakti Master Plan. Prime Minister Narendra Modi, for example, declared last year that a Rs 100 lakh crore national master plan for multi-modal connectivity would be launched, to create infrastructure to reduce logistic costs and enhance the economy.
Miebach Michael, the CEO of Mastercard, was also introduced to FM. She briefed him on India’s commitment to Digital Financial Inclusion, with a focus on women and small businesses, through the development of world-class domestic technological solutions. The Finance Ministry tweeted, “FM Smt. @nsitharaman asked Mr @MiebachMichael @Mastercard how lessons from India’s #FinancialInclusion initiative might be applied to generate solutions for the world.”
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Nerul Bus Stops Shifted Ahead of Turbhe Flyover Demolition
NMMT moves stops by 50 metres as authorities prepare traffic arrangements for demolition work.
The Bus Stop
Commuters travelling through Nerul and Turbhe may soon see changes in traffic movement as authorities prepare to demolish the remaining sections of the Turbhe flyover. To minimise inconvenience to passengers, NMMT has shifted the bus stops at Nerul LP by around 50 metres in both directions.
The bus stop for passengers travelling towards Panvel has been moved about 50 metres ahead, while the stop on the Vashi-bound side has also been relocated by a similar distance. New poles have been installed at the revised locations. Drivers and conductors from NMMT’s Turbhe, Asudgaon and Ghansoli depots have been instructed to use the new stops for passenger pick-ups and drop-offs.
The changes come as officials prepare for the demolition of the remaining two sections of the Turbhe flyover. One of the three sections is already undergoing work, while the demolition of the other two could affect traffic between Thane and Vashi. Traffic officials and the Public Works Department are working on an alternative traffic plan, including possible diversions through the Nerul LP underpass. However, the final diversion route and demolition schedule have not yet been announced.
Officials said the remaining sections of the flyover need to be demolished due to structural deterioration. Permissions and other preparations are currently underway.
For regular commuters, the temporary bus-stop shift is expected to be an important change to note as authorities work on the larger traffic management plan.
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NMMC Pays Tribute to Gandhi and Shastri on Birth Anniversaries
Civic officials remember the contributions of Mahatma Gandhi and Lal Bahadur Shastri at Belapur headquarters.
The Tribute
The Navi Mumbai Municipal Corporation (NMMC) paid tribute to Mahatma Gandhi and former Prime Minister Lal Bahadur Shastri on their birth anniversaries on October 2. A commemorative programme was held at the NMMC headquarters in Belapur, where NMMC Deputy Mayor Dashrath Bhagat offered floral tributes to the portraits of both national leaders at the civic headquarters’ amphitheatre.
Senior NMMC officials were present during the programme, including Additional Municipal Commissioner Sunil Pawar, Chief Auditor Rajendra Gadekar, Deputy Commissioner of Property Tax Dr Amol Palve, Deputy Commissioner of Solid Waste Management Dr Ajay Gadde and Chief Sanitation Officer Rajusingh Chavan.
The occasion provided civic officials an opportunity to remember the lives and contributions of two prominent figures in India’s history. Mahatma Gandhi is widely remembered for his leadership in India’s freedom movement and his emphasis on truth, non-violence and cleanliness. Lal Bahadur Shastri, India’s second Prime Minister, is remembered for his simple lifestyle, leadership and the slogan “Jai Jawan, Jai Kisan.”
The tribute programme also highlighted the continued relevance of their values in public life. For a civic body like NMMC, Gandhi’s emphasis on cleanliness and public responsibility remains particularly significant. Officials and staff gathered at the headquarters to mark the occasion and pay their respects to the two leaders. The programme concluded with floral tributes in their memory.
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CBD Belapur’s Sector 9 to Get New Open Gym
NMMC begins installing fitness equipment at the scenic CIDCO Nursery area following residents’ demand.
The Gym
Residents of CBD Belapur’s Sector 9 will soon have a new outdoor fitness facility close to their regular morning-walk route. The Navi Mumbai Municipal Corporation (NMMC) has started installing open gym equipment at the CIDCO Nursery hill area following a proposal raised by BJP corporator and Standing Committee member Swati Gurkhe.
The work was inaugurated in the presence of senior citizens, former corporator Ashok Gurkhe, Swati Gurkhe and several local residents. The CIDCO Nursery area is known for its greenery, trees and peaceful surroundings. Every morning, many residents visit the area for walking and exercise, making it a popular spot for health-conscious citizens. The new open gym is expected to give them an additional option to include basic strength and fitness exercises in their routine.
Swati Gurkhe said the proposal was made after residents requested better fitness facilities in the area. She said the civic administration has now started implementing the project and efforts will be made to provide good-quality equipment based on residents’ needs. She added that the facility could be expanded in the future if residents require additional equipment or improvements. Their suggestions will be considered while planning further work.
The initiative aims to make better use of the naturally green surroundings while encouraging residents, particularly senior citizens and regular walkers, to stay active and maintain a healthier lifestyle.
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