Infrastructure development capex hiked by 33% to Rs 10 lakh crore for 2023-24: FM



NEW DELHI: Finance minister Nirmala Sitharaman on Wednesday announced hiking the capital expenditure by 33 per cent to Rs 10 lakh crore for infrastructure development for 2023-24 and will be at 3.3 per cent of the GDP. Presenting the Budget for 2023-24, she said the newly established infrastructure finance secretariat will assist in attracting more private investment.
Also See: Income Tax Slabs 2023
An expert committee will also be set up to make infrastructure classification and financing framework suitable for Amrit Kaal, she added.
On October 13 last year, Prime Minister Narendra Modi had launched the Gati Shakti – National Master Plan, aimed at developing an integrated infrastructure to reduce logistics costs.
Also See: Budget Live 2023 | Budget Highlights
All logistics and connectivity infrastructure projects, entailing an investment of over Rs 500 crore, are routed through the NPG, constituted under the PM Gati Shakti initiative.
She also informed that the PM Primitive Vulnerable Tribal Group scheme would benefit 3.5 lakh tribals.

Read original article here

Denial of responsibility! Genx Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.
Leave A Reply

Your email address will not be published.