India’s
dream of becoming a global leader is impossible unless its infrastructure
becomes robust. This idea gets reflected in the Union budget for 2016-17.Infrastructure
development is at the forefront when it comes to the budget allotment for next
fiscal. The Central Government announced allocation of Rs 2,21,246 crores for road
and rail sector in the Union budget. Different areas of infrastructure are
given due consideration. There has been an allocation of Rs 97,000 crores for
roads development including rural roads. As per FM of India, 85% of stalled
projects are put on track. The target is to build 10,000 km of National
Highways and upgrade 50,000 km of state highways which will be much higher than
previous two years. Also in field of civil aviation, 160 non-functional
airstrips will be developed. There is also a bid to modernize the existing
public sector ports. The Finance Minister said that, “The
major benefits of this game-changing initiative will be provision of more
efficient public transport facilities, greater public convenience, new
investment in this moribund sector, creation of new jobs for our youth, growth
of start-up entrepreneurs and other multiple effects”.
For
more details, please visit:
1. http://indiatoday.intoday.in/story/union-budget-2016-big-biscuits-for-infrastructure/1/608010.html
No comments:
Post a Comment