Page 21 - NIS English 16-31 February,2023

COVER STORY

First General Budget of Amrit Kaal

10 LAKH CRORE n To increase regional
connectivity, 50 new
airports, helipads,
rupees Capital investment, it is 3.3 water arrow drones,
percent of GDP. Three times more and advanced landing
than the year 2019-2020. grounds will be
developed.

3.7 LAKH CRORE n Government will spend 10000 crore

rupees every year for the urban
rupees Grant-in-aid will be given for infrastructure development fund. It will
infrastructure. be managed by the National Housing

Bank. This expenditure will be done on
Tier-2 and Tier-3 infrastructure.
The 50-year interest-free loan to
state governments will be continued
for one more year with an increased n 75 thousand crore
expenditure of Rs. rupees will be spent
on 100 transport
1.3 LAKH CRORE infrastructure

projects for last-
mile connectivity of
ports, coal, steel, and
2.4 LAKH CRORE fertilizer sector.

rupees Provision for capital
expenditure in Railways, which is 9 Cities will be incentivized to
times more than in 2013-14 and the improve the creditworthiness of
highest ever.
municipal bonds.

n For urban sanitation, 100 percent
Investment in infrastructure has increased by cleaning of
400% as compared to 2014. This time investment septic tanks
of 10 lakh crores on infrastructure will give and sewers
new energy and speed to India's development. will be done
This investment will create new employment by machine
opportunities for the youth, providing new income and scientific
management of
opportunities to a large population.” waste will be taken care of.

– NARENDRA MODI, PRIME MINISTER

New India Samachar February 16-28, 2023 19