infrastructure (budget 2014-15)
DESCRIPTION
India's budget 2014-15 with special reference to infrastructureTRANSCRIPT
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Infrastructure Budget 2014-2015 PAWEL GAUTAM
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Introduction
• Infrastructure refers to the basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function
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Shipping
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• Sixteen new port projects are proposed to be awarded this year with a focus on port connectivity.
• 11,635 crore will be allocated for the development of Outer Harbour Project in Tuticorin for phase I.
• SEZs will also be developed in Kandla and JNPT
• Single-window customs clearances at Indian ports.
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Airports in tier I and tier II cities to be developed via the public-private partnership model.
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• Propose investment in National Highways Authority of India and State Roads of an amount of `37,880 crores, which includes 3,000 crores for the North East.
• the Budget allocates Rs 14,389 crore for Pradhan Mantri Gram Sadak Yojna (PMGSY).
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• To ensure 24×7 uninterrupted power supplies in rural areas, Union Budget 2014 has announced Deendayal Upadhyaya Gram Jyoti Yojana and earmarked Rs 500 crore for the scheme.
• To promote cleaner and more efficient thermal power, FM propose to allocate an initial sum of 100 crore for preparatory work for a new scheme “Ultra-Modern Super Critical Coal Based Thermal Power Technology.”
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• launching a scheme for solar power driven agricultural pump sets and water pumping stations for energizing one lakh pumps. FM propose to allocate a sum of 400 crores for this purpose.
• 100 crore is set aside for the development of 1 MW Solar Parks on the banks of canals
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• Commitment to develop 100 smart cities with an outlay of Rs7,060 crore.
• Rs12,000 crore allocation to National Housing Bank for funding low-cost housing in urban and rural areas.
• Built-up area for foreign direct investment (FDI) in real estate decreased from 50,000 sq. m to 20,000 sq. m and minimum capital requirement halved to $5 million.
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Other Infrastructure Projects
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• For scientific warehousing infrastructure, the Budget has allocated Rs 5,000 crore.
• To strengthen and modernise the boarder infrastructure, the Budget has earmarked Rs 2250 crore
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•Union Budget has proposed to raise the corpus of Rural Infrastructure Development Fund (RIDF) by an additional Rs 5,000 crore.
• Rs 100 crores has been set aside for the Agri-tech infrastructural funds.
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You and I come by road or rail, but economists travel on infrastructure.