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Border Infrastructure: Modi government

driving strategic projects with radical max life term insurance
changes
In the Northeast, trade connections with Myanmar and Bangladesh have for decades been
1 Crore Cover
held ransom to shoddy roads and poor infrastructure.
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By Manu Pubby, ET Bureau | Updated: May 16, 2015, 12.55 PM IST
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In the idyllic Andaman and Nicobar islands –
fast emerging as India’s strategic and
economic arm into the Indian Ocean – a
small strip of sea separates Port Blair from
the small but upcoming town of Bamboo
Flat. On the mainland, up North the Jammu-
BUDGET
Akhnoor road has for years been a choking
STORIES
point for traffic heading up to Poonch,
including military convoys that service troops Decoding the budget 2019:
along the Line of Control. In the Northeast, Strict rules soon for PSBs
buying NBFC assets
From the Bharat Mala project to Sagar Mala, the trade connections with Myanmar and
government’s intention is clear: bring about a road and
Bangladesh have for decades been held
infra construction boom to help drive trade.
ransom to shoddy roads and poor Budget, Economic survey show
divergent numbers
infrastructure.
A radical new approach is now being adopted to accelerate projects to unclog these
bottlenecks, along with work on hundreds of other strategic projects, as the Narendra Modi View: Why Sitharaman's
budgetary allocation is unlikely
government sharpens focus on creating infrastructure along India’s borders. From the to satisfy defence
Bharat Mala project (it envisages a road network along India’s land boundary, stretching establishment
from Gujarat to Mizoram) to Sagar Mala (under which a coastal infrastructure will be set up
along the nation’s vast shoreline), the government’s intention is clear: bring about a road View: If it moves, tax it. That's
desperate, India
and infra construction boom to help drive trade.
While the idea is not new, the approach has been different – a newly created corporation
MORE FROM BUDGET STORIES
has been empowered to execute projects worth Rs 34,300 crore and has been freed of red
tape that traditionally binds government agencies on mega projects. And, execution has
been rapid with road projects of nearly 3,200 km activated in the past year. Related Most Read Most Shared
India’s military brass wants swifter build-up of

Central to the change has been the creation of the National Highways & Infrastructure border infrastructure with China
Development Corporation Limited (NHIDCL), which last year took over several projects
Centre approves Rs 8,606 crore for border
from the Border Roads Organisation (BRO), mostly in the Northeast but also in a few other infrastructure and management
strategic areas. Its agenda is simple: create 10,000 km of roads by 2020 and revitalise
Budget 2019: MHA gets Rs 1.03 lakh crore;
India’s connections with the neighbourhood. emphasis on border infrastructure, police
modernisation
The changeover from BRO has been crucial – there are endless tales of roads passing Rs 370 crore to BSF, ITBP for border infrastructure
deadlines by several years and construction costs quadrupling during execution.
Transgressions by Chinese troops reduced by over
50 per cent, while India builds up border
“Effi i dt th t k f i U i t l f i f t t
https://economictimes.indiatimes.com/news/economy/infrastructure/border-infrastructure-modi-government-driving-strategic-projects-with-radical… 1/19
“Efficiency and transparency are the two key areas we are focusing on. Using e-tools for infrastructure
Home News Podcast Elections Company Industry Economy Politics and Nation Defence International More
project monitoring and awarding of contracts, and an efficient dispute-resolution
Agriculture
mechanism Finance Foreign
have been Trade
(the Indicators
highlightInfrastructure
our approach,”Policy
of) says NHIDCL Managing Director
Anand Kumar. Several critical projects have been fast-tracked, given the focus of the
PEOPLE
government on creating infrastructure.
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Consider this: In Port Blair, a detailed study on what could be India’s first undersea
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transportation tunnel is set to commence soon. The idea is to construct a 1.5-kilometre
on electric buses?
tunnel connecting the capital of the Andaman and Nicobar Islands to Bamboo Flat.
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the future challenges India’s e...
A similar undersea project is also being planned in West Bengal, to connect Sagar Island
DIGITAL ECONOMY
and Kakdwip with a 3.5 km tunnel. In the Northeast, Union Minister Nitin Gadkari last
Saving our kids from
month, dedicated the final Indian stretch of the Stilwell road, right up to the Myanmar the prying data mafia
border. The Asian Development Bank is preparing a project report on connecting
Manipur’s capital Imphal with the town of Moreh near the border. Imagine someone sitting in a remote country,
knowing exactly what your chil...
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Insiders say doing away with the old is central to the project. The Ministry of Road
Transport & Highways has, for example, created a new working group last month that has
just one agenda: approve new infrastructure construction technologies for use in India.
The committee has been empowered to approve within a month any new, internationally
proven, technology for use in India, doing away from the archaic way of clearances that
would require years if not decades for approvals by the government.
Old challenges still remain, though, the biggest being land acquisition, costs of which have
gone through the roof. “While in the past locals would pool resources together and offer us
free land to construct roads, the demands in the Northeast for land that is virtually Not to be Missed
worthless are astounding, in some cases as much as 40 times the market value,” an
Judge that! 70k page chargesheet in
official says. This may be a challenge that would take a lot to resolve. In fact, a lot depends Bhushan case
on the ability of state governments to convince landowners on the value a road can bring
on the ability of state governments to convince landowners on the value a road can bring
to Home
a region.News Podcast Elections Company Industry Economy Politics and Nation Defence International More
Agriculture Finance Foreign Trade Indicators Infrastructure Policy Vijay Shekhar Sharma's thoughts on
Another major focus of the new government agency is building regional connectivity to zero merchant fee
promote cross-border trade and commerce. The plan is to expand 500 km of roads in the
northeastern region to enable transport with other South Asia Sub-regional Economic
Cooperation member countries. What to check in your Form-16 while
filing ITR
The connection between Imphal and Moreh is part of these projects. “All we need to
connect Tripura to Chittagong is a bridge and a sea port would be available to the
Northeast,” says Vijay Chhibber, secretary at the roads transport & highways ministry. Walmart got a $10-bn surprise after
buying Flipkart
India is now planning to use international funding through NHIDCL to push through these
border connectivity projects. While the Asian Development Bank funds are to be utilised to
connect Imphal to Myanmar, funding from the Japan International Cooperation Agency is Govt may use Aadhaar to track
being planned to connect the Assam and Meghalaya borders to Bangladesh. The crucial financial transactions
bridge that could connect Tripura to the Bay of Bengal port of Chittagong in Bangladesh is
also being planned through JICA funding.
Expats’ hiring to suffer after higher tax

The next two years will be critical to evaluate whether this new approach is working and at on super-rich
stake are India’s strategic linkages, and the future of trade in the region.
62
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China factory inflation slips as trade
war risks grows
Twelve major infrastructure developments in 2014
Infrastructure developments in 2014 1 of 11
24 Dec, 2014
Economictimes.com & Agencies
Softness in BFSI segment may
continue: TCS CFO
While some states were added on India's railway
map for the first time in 2014, Mumbai saw
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NBFC assets
Budget, Economic survey show

divergent numbers
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West Bengal Narendra Modi Indian Ocean Nitin Gadkari powers
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Asian Development Bank PORT BLAIR Border Roads Organisation
Narendra Modi Government Border Infrastructure Sagar Mala Jio's revenue per user set to fall below
Airtel's
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India’s military brass wants swifter build-up of border infrastructure with China
Companies worry over AP rethink on
Centre approves Rs 8,606 crore for border infrastructure and management solar, wind PPAs
Budget 2019: MHA gets Rs 1.03 lakh crore; emphasis on border infrastructure, police modernisation
Rs 370 crore to BSF, ITBP for border infrastructure
Transgressions by Chinese troops reduced by over 50 per cent, while India builds up border NRIs to be taxed for receiving gifts
infrastructure from Indians
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NIIF to invest equity in road projects in India

NIIF on Monday signed an MoU with the NHAI to form a SPV to execute fund arrangement
for large sized road projects, particularly green field, which will be executed by NHAI.
By Nishtha Saluja, ET Bureau | Jul 08, 2019, 10.37 PM IST
0 BUDGET
Comments
STORIES
BCCL
NEW DELHI: National Investment and
Decoding the budget 2019:
Infrastructure Fund (NIIF) has entered into Strict rules soon for PSBs
an agreement with the national highways buying NBFC assets
building authority to invest equity in road
projects, a move that will help the
government fill the gap in funding the sector. divergent numbers
NIIF on Monday signed an MoU with the

national highways authority of India (NHAI)
View: Why Sitharaman's
to form a special purpose vehicle (SPV) to budgetary allocation is unlikely
execute fund arrangement for large sized to satisfy defence
The MoU is likely to go to the cabinet for approval to establishment
work out the modalities on toll apportionment, the official road projects, particularly green field, which
said. will be executed by NHAI.
View: If it moves, tax it. That's
desperate, India
ET reported on May 6 that NHAI was exploring the idea of offering equity to investors in
road projects.
Officials aware of the matter told ET that NIIF was looking to invest equity of around Rs
15,000 crores in the Delhi- Mumbai expressway, and can further raise a debt of around Rs
Related Most Read Most Shared
60,000 crores on the equity.
GMR Infra to sell stake in four road projects
The MoU is likely to go to the cabinet for approval to work out the modalities on toll Road project sales to give Sadbhav a capital boost
apportionment the official said
apportionment, the official said.
Home News Podcast Elections Company Industry Economy Politics and Nation Defence Lease period for road
International Moreprojects under TOT may be
cut to 20 years
This comes
Agriculture as highways
Finance ministry
Foreign Trade looksforInfrastructure
Indicators innovative modes
Policy of funding, at a time when
NCLT dismisses ICICI insolvency plea against
India’s infrastructure targets are lofty but government spending is muted. Hyderabad Ring Road Projects
Reliance Infrastructure in pact to sell Delhi-Agra

The SPV will allow NIIF to take sovereign funds on board and can co-invest in projects road project to Cube Highways
being built by NHAI. All construction risks, and the land acquisition cost will be borne by
NHAI under the SPV.
and get free quotes
“NHAI has the appetite to take the maximum funding that NIIF has to invest, given the size
of the projects that we have undertaken. This arrangement will help in meeting the fund GET QUOTE
requirements under Bharatmala,” Nitin Gadkari, the minister of road transport and
highways said while addressing the media here on Monday.
Gadkari said that his ministry has been in talks with NIIF for the past year and a decision
on the projects to be taken up on this new mode of funding will be soon arrived at. Top Trending News
NIIF will also explore projects offered on Toll-operate-transfer basis by NHAI. “One of the Rajnath Singh Amarnath yatra NIA Act
first projects we reviewed was TOT-I, we will continue to bid for TOT. NIIF is quite keen on Maharashtra sugar industry
investing in the projects from NHAI,” said Sujoy Bose, managing director, NIIF.
Under the TOT model, investors make a one-time lump sum payment in return for long-
term toll collection rights.
This will be NIIF’s first investment in any road project, given this model receives nod from
the cabinet, officials said.
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Road Projects Nitin Gadkari NIIF Bharatmala Equity
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GMR Infra to sell stake in four road projects
Road project sales to give Sadbhav a capital boost
Lease period for road projects under TOT may be cut to 20 years
NCLT dismisses ICICI insolvency plea against Hyderabad Ring Road Projects
News in Business, Share Market & More.
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Govt efforts to drive investment growth are

long-term positive
The budget shows intention to follow fiscal consolidation path by reducing fiscal deficit
estimate to 3.3% for FY20 and 3% for the next two years thereafter.
ET Bureau | Jul 08, 2019, 07.31 AM IST
BUDGET
STORIES
0
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Getty Images
By Anand Radhakrishnan Strict rules soon for PSBs
buying NBFC assets
buying NBFC assets
Setting the tone for the new government, the
Union Budget 2019-20 emphasises boosting Budget, Economic survey show
infrastructure development, improving credit divergent numbers
flow through recapitalisation of public sector

banks (PSBs), addressing the non-banking
finance companies (NBFC) issue, boosting View: Why Sitharaman's
foreign flows and a steady social sector to satisfy defence
spending to provide basic amenities to all. establishment
Due to limited fiscal space, the FM did not make any

major tax announcements. At the same time, the budget shows intention View: If it moves, tax it. That's
desperate, India
to follow fiscal consolidation path by
reducing fiscal deficit estimate to 3.3% for FY20 and 3% for the next two years thereafter.
In the backdrop of global trade tensions, the government intends to make use of
opportunity by inviting global companies to set up manufacturing plants here.
The government has proposed to the Securities and Exchange Board of India (Sebi) that Related Most Read Most Shared
promoter holding limit be reduced from 75% to 65%. If approved, this would provide
China March industrial output up 6%, misses
incremental equity supply over the next three to four years. On a case-to-case basis, the expectations, Jan-Mar investment growth slows
government intends to reduce its holding below 51% in certain centre-owned entities.
Government capital spend soars 38% in Q1 to
boost investment, growth
Several measures have been taken to boost foreign flows. FDI limits have been relaxed for
Rate hike to hit already subdued investments,
single-brand retail, aviation, insurance and media. KYC norms for foreign portfolio growth, says India Inc
investors (FPIs) have been eased. Sectoral limit has also been proposed to be raised for
India Inc tops R&D investment growth global charts
FPIs and raising government securities in international markets. The budget also proposes
the FPI limit in companies goes up to FDI limit. These efforts to drive investment growth Inflation may hurt investments, growth: RBI
are a long-term positive.
Much-needed impetus has been provided to banks and NBFCs. PSBs will get Rs 70,000 Reach out to Top Generator Dealers near you
and get free quotes
crore capital to improve credit flow. Foreign institutional investors (FII) and FPI investment
will be allowed in debt securities issued by NBFCs. The government will provide a GET QUOTE
guarantee of Rs 1 lakh crore worth of securitisation to buyers of high-rated pooled assets

of NBFCs for first loss up to 10% and for six months. It would boost investor sentiment.
By providing tax incentives, an impetus has been provided to the housing sector. However,
Top Trending News
this is valid only till March 31, 2020. This may be too short a time for giving a meaningful
stimulus to housing.
Due to limited fiscal space, the FM did not make any major tax announcements. Cess on
petrol and diesel increased by Rs 1 per litre and custom duty on gold is also raised to
12.5% from earlier 10%. By refraining from any populist measures government has
continued its focus on fiscal deficit control.
In summary, while the budget maintains a balance between prudence and populism,
challenges regarding economic growth have not been fully acknowledged or addressed.
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Rate hike to hit already subdued investments, growth, says India Inc
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SCOPE says Budget to give boost to Infra

sector
UD Choubey, DG, SCOPE said the public sector enterprises will have a greater onus in
fulfilling Budget commitments in infrastructure sector
By Dheeraj Tiwari, ET Bureau | Jul 05, 2019, 08.05 PM IST
BUDGET
STORIES
0
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Agencies
NEW DELHI: Standing Conference of Public Strict rules soon for PSBs
buying NBFC assets
Enterprises (SCOPE), the apex body of
central government-owned units said that the
Budget 2019-20 outlines an ambitious Budget, Economic survey show
framework for boosting overall economic and divergent numbers
social development laying greater emphasis

on rural and urban infrastructure.
“By committing Rs 100 lakh crore investment to satisfy defence
in infrastructure over next five years the establishment
SCOPEsaid the Budget has made a breakthrough by Union Budget has given a substantial boost
proposing streamlining of multiple labour laws into a set to the infrastructure, “ said UD Choubey, DG, View: If it moves, tax it. That's
desperate, India
of four codes. SCOPE adding the public sector enterprises
will have a greater onus in fulfilling Budget
commitments in infrastructure sector
Choubey said the Budget has made a breakthrough by proposing streamlining of multiple
labour laws into a set of four codes. Related Most Read Most Shared
Justice Dept.: Review of Russia probe 'broad in

“Now the thrust goes to implementation part to see better results,” he added. scope'
Budget 2019 proposes to expand scope of Black

Finance Minister Nirmala Sitharaman in her maiden budget speech noted that for bringing Money Act to include NRIs
better public ownership of the PSUs and also bring greater commercial and market India has scope to boost budget without stoking
orientation of the listed PSUs, the government will take all necessary steps to meet public inflation: Economist
shareholding norms of 25% for all listed PSUs and raise the foreign shareholding limits to US increasing scope complexity and frequency of
maximum permissible sector limits for all PSU companies which are part of Emerging military engagements with India: Shanahan
Market Index. Why India must expand the scope of the two-year-
old Maternity Bill
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Download The Economic Times Business News App for Live Elections News & Results, Latest Maharashtra sugar industry
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Budget stresses on massive infra

investments to become USD 5 trn economy
Sitharaman said infrastructure financing needs have been estimated at around Rs 20 lakh
crore (USD 300 billion) a year.
PTI | Jul 05, 2019, 05.20 PM IST
BUDGET
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0
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BCCL
Finance Minister Nirmala Sitharaman Friday Strict rules soon for PSBs
buying NBFC assets
outlined a host of measures to boost
infrastructure, digital economy and jobs
creation to achieve USD 5 trillion economy Budget, Economic survey show
divergent numbers
target and said a massive push to all forms
of physical connectivity is helping bridge the
rural-urban divide.
Tabling the Modi 2.0 government's maiden to satisfy defence
budget in Parliament, Sitharaman said establishment
Sitharaman said with the changing economic scenario, it infrastructure financing needs have been
is important to upgrade roads connecting villages to estimated at around Rs 20 lakh crore (USD View: If it moves, tax it. That's
desperate, India
rural markets and for this PMGSY-III is envisaged to 300 billion) a year and proposed to enhance
upgrade 1,25,000 km of road length over the next five the sources of capital for infrastructure
years, with an estimated cost of Rs 80,250 crore.
financing including setting up a Credit
Guarantee Enhancement Corporation for
which regulations have been notified by the Reserve Bank of India.
Most Read Most Shared
Terming the connectivity as the lifeblood of the economy, the minister announced a slew of
Sonia proposes Adhir Ranjan Chowdhury as PAC
steps to scale up India's infrastructure programmes including augmenting 1,25,000 km of Head; Rahul Gandhi to sit in 2nd row of Lok Sabha
rural roads under the Pradhan Mantri Gram Sadak Yojana at a cost of Rs 80,250 crore and
View: If it moves, tax it. That's desperate, India
creating a national highways grid.
Water crisis? India won’t be at sea
Stressing the need for an estimated investment of Rs 50 lakh crore for augmenting Getting Arun Jaitley's CDRs illegally not privilege
railways infrastructure, she said that steps were taken to boost infrastructure in sectors like breach: RS report
roads, waterways, metro and rail besides emphasising on the measures for a self-reliant Haven’t invited Pakistan PM: Russia
aviation industry.
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Asserting that physical and social infrastructure has to be built, Sitharaman said: "The
common man was served even as major transformational reforms were being rolled out. Reach out to Top Generator Dealers near you
And for this to continue we need to invest heavily in infrastructure, in digital economy and and get free quotes
on job creation in small and medium firms." GET QUOTE
The finance minister said the government has given a massive push to all forms of
physical connectivity through Pradhan Mantri Gram Sadak Yojana, industrial corridors,
dedicated freight corridors, Bhartamala and Sagarmala projects, Jal Marg Vikas and
UDAN Schemes. Top Trending News
While the industrial corridors would improve infrastructure availability for greater industrial Rajnath Singh Amarnath yatra NIA Act
investment in the catchment regions, the dedicated freight corridors would mitigate the Maharashtra sugar industry
congestion of railway network benefitting the common man, she said.

co gest o o a ay et o be e tt g t e co o a , s e sa d
"The ambitious
Agriculture Financeprogramme of Bharatmala
Foreign Trade would help develop
Indicators Infrastructure Policy national road corridors and
highways, while Sagarmala would enhance port connectivity, modernisation and port-
linked industrialisation. If Sagarmala is aimed at improving the infrastructure for external
trade, equally it is the poor man's transport too. Waterways are proven as a cheap mode of
transport," she said.
The Jal Marg Vikas project for capacity augmentation of navigation on national waterways
is aimed at smoothening internal trade carried through inland water transport. These
initiatives will improve logistics tremendously, reducing the cost of transportation and
increasing the competitiveness of domestically produced goods, she added.
Sitharaman said with the changing economic scenario, it is important to upgrade roads
connecting villages to rural markets and for this PMGSY-III is envisaged to upgrade
1,25,000 km of road length over the next five years, with an estimated cost of Rs 80,250
crore.
Saying that the schemes like UDAN were bridging rural-urban divide, She said as the
world's third largest domestic aviation market, the time was ripe for India to enter into
aircraft financing and leasing activities from Indian shores.
About metro rail projects, she said a total route length of 300 kilometres have been
approved during 2018-19 and 657 km of metro rail network has become operational in the
country.
The finance minister said India's first indigenously developed payment ecosystem for
transport, based on National Common Mobility Card (NCMC) standards, launched by the
Prime Minister in March, 2019 will enable people to pay multiple kinds of transport
charges, including metro services and toll tax, across the country.
About highways, she said the government will carry out a comprehensive restructuring of
National Highway Programme to ensure that the National Highway Grid of desirable length
and capacity is created.
On waterways, she said the country needs to develop it to shift a significant portion of
inland cargo movement from road and rail.
This government envisions using the rivers for cargo transportation, which will also help to
decongest roads and railways, she added.
As part of the Jal Marg Vikas Project for enhancing the navigational capacity of Ganga, a
multi-modal terminal at Varanasi has become functional in November 2018 and two more
terminals at Sahibganj and Haldia would be completed in 2019-20, Sitharaman said.
"The movement of cargo volume on Ganga is estimated to increase by nearly four times in
the next four years. This will make movement of freight, passenger cheaper and reduce
our import bill," Sitharaman said.
The budget estimated railway infrastructure would need an investment of Rs 50 lakh crore
between 2018-2030.
The minister also said that large public infrastructure can be built on land parcels held by
central ministries and Central Public Sector Enterprises across the country.
Stressing the need for innovative financing for infrastructure, she said India has had a
reasonable success in brownfield asset monetisation and aditionally, NHAI carried out one
ToT (toll operate transfer) transaction garnering Rs 24,000 crore.
Highlighting PMGSY, Sitharaman said it has brought many socio-economic gains in the
rural areas and all weather connectivity has now been provided to over 97 per cent of such
habitations. NAM MKJ
habitations. NAM MKJ
0
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Read more on Budget 2019 Sagar Mala Project Expressways In India Union Budget
Finance Minister Nirmala Sitharaman Udan Bharatmala
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Budget 2019: Nirmala Sitharaman highlights

infra projects bridging rural urban divide
Sitharaman said that steps were taken to boost infrastructure in sectors like roads,
waterways, metro and rail.
PTI | Jul 05, 2019, 01.47 PM IST
BUDGET
STORIES
0
Comments
PTI
buying NBFC assets
announced a slew of steps to scale up
India's infrastructure including augmenting
1,25,000 km of rural roads under the Budget, Economic survey show
divergent numbers
Pradhan Mantri Gram Sadak Yojana at a
cost of Rs 80,250 crore and and creating a
national highways grid.
Tabling the Modi 2.0 government's maiden to satisfy defence
budget in Parliament, Sitharaman said that establishment
"The target of USD 5 trillion economy in the next few steps were taken to boost infrastructure in
years is imminently achievable," she noted. sectors like roads, waterways, metro and View: If it moves, tax it. That's
desperate, India
rail. She also emphasised on the measures
for a self-reliant aviation industry.

"We need to invest in infra, digital economy and job creation in small and medium
enterprises...Schemes such as Bharatmala, Sagarmala and Udaan are bridging rural
urban divide and improving our transport infrastructure," Sitharaman said presenting the Most Read Most Shared
full Budget for 2019-20.

Head; Rahul Gandhi to sit in 2nd row of Lok Sabha
In the second phase of Bharatmala project, states will be helped to develop roadways, she
said.
The finance minister said comprehensive restructuring of National Highways Programme is Getting Arun Jaitley's CDRs illegally not privilege
on the anvil to ensure creation of a national highways grid of desirable capacity. breach: RS report
Haven’t invited Pakistan PM: Russia

"Pradhan Mantri Gram Sadak Yojana Phase 3 envisages to upgrade 1.25 lakh km of road
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length at an estimated cost of Rs 80,250 crore," she said.

About movement of cargo through waterways, she said cargo movement on Ganga will and get free quotes
increase four times in the coming four years.
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Politics crore for
and Nation Defence International More
FAME II scheme on April 1, 2019 to encourage faster adoption of electric vehicles by
providing right incentives and charging infrastructure.
Announcing various infrastructure projects, the minister said: "I wish to propose a number
Top Trending News
of initiatives as part of kick-starting the virtuous cycle of domestic and foreign investment." Delhi News Bangalore News Mumbai News
She also talked about the development of inland waterways and using public-private Maharashtra sugar industry
partnerships for railway development.
Sitharaman said: "I propose to make a blueprint available for developing gas grids, water
grids and regional airports."
About railway infrastructure, she said it will need Rs 50 lakh crore till 2030.
She proposed that a public private partnership (PPP) be used to unleash faster
development and delivery of passenger freight services for railway projects to boost the
connectivity.
"Railways will be encouraged to invest in suburban railways through special purpose

vehicles (SPVs) and enhance metro rail network through PPPs," she said.
The government envisions using rivers for cargo transportation, which will also decongest
roads and railways, Sitharaman said.
Railway stations modernisation will be launched this year, she added.
The finance minister said as the world's third largest aviation market, time is ripe to enter
aircraft financing and leasing from Indian shores.
She further noted that last mile delivery stood out and asserted that the government's
objective has been and continues to be "Mazboot desh ke liye mazboot nagarik".
"The target of USD 5 trillion economy in the next few years is imminently achievable," she
noted.
"We have shown by our deeds that principles of 'perform, reform, transform' can indeed
succeed," she said adding that the NDA government in its first term had set the ball rolling
for a 'New India' with strident commitment to fiscal consolidation.
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Govt aims to build 1.95 cr houses under

PMAY-Gramin in 2 years
The minister said that by 2022, every single rural family except those who are unwilling to
take the connection will have an electricity and a clean cooking facility.
PTI | Jul 05, 2019, 12.56 PM IST
BUDGET
STORIES
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Agencies
buying NBFC assets
said the government will build 1.95 crore
houses under the Pradhan Mantari Awas
Yojna (PMAY) - Gramin over the next two Budget, Economic survey show
divergent numbers
years.
Presenting her maiden Budget, Sitharaman

said that the Narendra Modi government View: Why Sitharaman's
keeps "Gaon, Garib and Kisan at the centre" to satisfy defence
of everything it does. establishment
Sitharaman said that the Narendra Modi government

keeps "Gaon, Garib and Kisan at the centre" of She further said that the time taken to View: If it moves, tax it. That's
desperate, India
everything it does. complete construction of houses under the
PMAY is reduced to 114 days from 314 days
in 2015-16 due to use of direct benefit transfer (DBT) platform.
In the second phase of PMAY-Gramin, 1.95 crore houses will be provided to eligible
beneficiaries, during 2019-20 to 2021-22. These houses will have amenities such as LPG, Most Read Most Shared
electricity and toilets, she said.

Head; Rahul Gandhi to sit in 2nd row of Lok Sabha
The minister further said that by 2022, every single rural family except those who are
unwilling to take the connection will have an electricity and a clean cooking facility.
Talking about rural roads, Sitharaman said Pradhan Mantri Gram Sadak Yojana - Phase 3 Getting Arun Jaitley's CDRs illegally not privilege
envisaged to upgrade 1.25 lakh km of road length at an estimated cost of Rs 80,250 crore. breach: RS report
Haven’t invited Pakistan PM: Russia
All-weather road connectivity has been provided to more than 97 per cent of eligible and More »
feasible habitations and it is made possible by a high pace of road construction, she said.
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Budget 2019: Comprehensive restructuring

of National Highways Programme on cards,
says FM
She also noted that the government has allocated Rs 350 crore towards interest
BUDGET
subvention for MSMEs for 2019-20.
STORIES
PTI | Jul 05, 2019, 12.16 PM IST
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PTI
Finance Minister Nirmala Sitharaman on
Friday said there will be a comprehensive
restructuring of National Highways divergent numbers
Programme to ensure creation of National
Highways Grid of desirable capacity.

Presenting the Budget for 2019-20, she said budgetary allocation is unlikely
the government has already approved Rs to satisfy defence
establishment
10,000 crore for FAME II scheme on April 1,
2019 to encourage faster adoption of electric
View: If it moves, tax it. That's
The finance minister said model tenancy law will be vehicles by providing right incentives and desperate, India
finalised and circulated to states. charging infrastructure.
She also noted that the government has allocated Rs 350 crore towards interest MORE FROM BUDGET STORIES
subvention for MSMEs for 2019-20.

The finance minister said model tenancy law will be finalised and circulated to states.
CAPA urges govt for comprehensive restructuring of
Air India
Pension will be provided to 3 crore retail traders under Pradhan Mantri Karmyogi Mandhan
scheme, Sitharaman said. Reach out to Top Generator Dealers near you
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Download The Economic Times Business News App for Live Elections News & Results, Latest Maharashtra sugar industry
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NEXT STORY

India's first highway corridors for e-vehicles
expected by March 2020
India's first highway corridors with charging stations for electric vehicles are expected to
come up along the Delhi-Jaipur and Delhi-Agra highways by 2020, an official said.
PTI | Jul 04, 2019, 07.16 PM IST
BUDGET
STORIES
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New Delhi: India's first highway corridors Strict rules soon for PSBs
buying NBFC assets
with charging stations for electric vehicles
are expected to come up along the Delhi-
Jaipur and Delhi-Agra highways by 2020, an Budget, Economic survey show
divergent numbers
official said.
The combined stretch of the corridors on the

Yamuna Expressway (between Delhi and View: Why Sitharaman's
Agra) and the National Highway 48 (between to satisfy defence
Delhi and Jaipur) will be 500 km, and 18 establishment
Sinha said the immediate focus is towards developing charging stations will be setup near toll
infrastructure for electric vehicles in the country. plazas on the two routes, the official said. View: If it moves, tax it. That's
desperate, India
The e-corridors are proposed to be the first under the Ease of Doing Business Programme
(EODB) of the Advance Services for Social and Administrative Reforms (ASSAR), a
private entity which is supported by the central government, an official engaged in the
project said.
Most Read Most Shared
"The project is about converting 500-km of expressway into electric corridors with facilities
for charging electric vehicles. Test runs on these corridors are expected to begin this Head; Rahul Gandhi to sit in 2nd row of Lok Sabha
September and these e-corridors will be launched in March 2020," National Programme
Director EODB at ASSAR, Abhijeet Sinha, said.
Eighteen charging stations will be setup on the two routes.Eight will be between Delhi- Getting Arun Jaitley's CDRs illegally not privilege
Agra and 10 between Delhi-Jaipur.Besides charging their vehicles, people can also breach: RS report
change batteries, he told . Haven’t invited Pakistan PM: Russia
More »
"These stations will be developed near toll plazas. Every station will have eight to 10
chargers and 20 charging points," Sinha said.
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On a full charge, an SUV-like vehicle can travel 180 km, he said, adding that a DC charger
takes around 1.25 hours to fully charge such a vehicle. GET QUOTE
"Six more charging stations have been proposed between Pari Chowk in Greater Noida
and Delhi, a region which has dense population. We have made a recommendation in this
regard to the Noida Authority for facilitating land," said Sinha, who is also the Programme
Director for NHEV (National Highways for Electric Vehicles) 2020.
Top Trending News
On the cost of the entire project, he said developing a single charging station would cost Rajnath Singh Amarnath yatra NIA Act
somewhere around Rs two crore and the electricity charges would be extra. Maharashtra sugar industry
"Developing a km stretch of a four-lane highway costs anywhere between Rs 14 crore and

Rs 20 crore," he said, citing official statistics.
"The normal power tariff comes to Rs 6 to Rs 8 per unit across states. We are trying to get
uniform rates across the states for the project as it progresses," Sinha added.
Vehicle growth in India has been rapid in recent years, with ownership per 1,000
population increasing from 53 in 2001 to 167 in 2015, according to 2018 NITI Aayog report
'Zero Emission Vehicles: Towards a Policy Framework'.
While stressing on the need for switching to cleaner technology in the transport sector, the
report assumed that Rs 1.2 lakh crore could be saved in imported crude oil if two-wheelers
alone adopt electric mode of operation.
Sinha said the immediate focus is towards developing infrastructure for electric vehicles in
the country.
"In the initial stages, the plan is to attract a larger fleet operators like state transports and
taxi services," he added.
Earlier this year, the central government had issued a set of guidelines to set up charging
stations for electric vehicles across the country, outlining ways to build such fuelling points
every 25 km.
The government expects 25 per cent of the total vehicles on roads will be electric vehicles
by 2030, necessitating to erect robust electric vehicle (EV) charging infrastructure across
the country, according to the Union Housing and Urban Affairs Ministry.
The ministry had made amendments to the Model Building Byelaws (MBBL) 2016 and
Urban Regional Development Plans Formulation and Implementation (URDPFI) Guidelines
2014, making provisions for establishing EV charging infrastructure.
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Smart City: Rs 2.05 lakh crore projects

proposed in 100 cities, significant progress
made, says Survey
The Smart Cities Mission (SCM), which was launched in June 2015 for a five-year period,
BUDGET
seeks to promote cities that provide core infrastructure and give a decent quality of life to
STORIES
its citizens.
PTI | Jul 04, 2019, 05.03 PM IST Decoding the budget 2019:
Strict rules soon for PSBs
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Agencies
Projects worth over Rs 2.05 lakh crore are
proposed in 100 cities under the Smart Cities divergent numbers
Mission and a significant progress has been
made in terms of implementation of these
projects, the Economic Survey 2018-19 said.
The Smart Cities Mission (SCM), which was to satisfy defence
establishment
launched in June 2015 for a five-year period,
k t t iti th t id
seeks to promote cities that provide core
Home News Podcast Elections Company Industry Economy Politics and Nation Defence International View: If it moves, tax it. That's
More
infrastructure and give a decent quality of life desperate, India
According to Census 2011, 377.1 million Indians
to its citizens.
comprising 31.14 per cent of the country's population
The strategic components of this mission are
lived in urban areas, which are projected to grow more
than 600 million by 2031. area-based development involving city
improvement (retrofitting), city renewal
(redevelopment), city extension (greenfield development) and a Pan-city development in
which smart solutions are applied covering larger parts of the city. Google's sister startup to build smart city in Canada
T-Hub, Smart Cities Mission and NITI Aayog host

"The 100 cities under the mission have proposed to execute 5,151 projects worth 2,05,018 Smart City Arcade
crore in five years from their respective dates of selection. In 4th year, mission Smart Cities sees big gains
SmartCity Kochi draws up plan to raise Rs 4000

"Financial innovation is in-built in the design of the programme. The distribution of funding
crore
from the central and state government is Rs 93,552 crore (45 per cent) and funds from
US-based Array Networks to supply networking
PPP is Rs 41,022 crore (21 per cent)," the survey said.
hardware for Agra smart city
On implementation status, the survey said that all the 100 cities have incorporated Special Modi government's Smart City programme showing
results
Purpose Vehicles (SPVs), City Level Advisory Forums (CLAFs) and appointed Project
Management Consultants (PMCs).

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Significant progress has been made with respect to implementation of projects pertaining
to integrated command and control centres, smart roads, smart water, solar rooftops, and GET QUOTE
vibrant public spaces, it added.
The survey termed housing as one of the fastest moving sectors in the country.
According to Census 2011, 377.1 million Indians comprising 31.14 per cent of the country's Top Trending News
population lived in urban areas, which are projected to grow more than 600 million by Delhi News Bangalore News Mumbai News
2031. Rajnath Singh Amarnath yatra NIA Act
Stating that the Real Estate (Regulation and Development) Act (RERA) is one of the major
reform in real estate sector, the survey said rules under RERA has been notified by 30
states UTs and 28 States/UTs have set up the regulatory authorities.
North Eastern States (Arunachal Pradesh, Meghalaya, Nagaland and Sikkim) are under
process to notify the rules under RERA. Though, RERA was not applicable in Jammu &
Kashmir, the state has notified its own legislation named as ‘The Jammu and Kashmir Real
Estate (Regulation and Development) Act, 2018'.
On Pradhan Mantri Awas Yojana (Urban), the survey said this scheme was launched in
June 2015 with the objective of providing housing facilities to all the eligible families or
beneficiaries by 2022.
So far 4,427 cities or towns have been included under PMAY(U). The duration of the
mission is seven years (2015-16 to 2021-22) and has four components: “Insitu” Slum
Redevelopment, credit linked subsidy scheme, affordable housing in partnership with
public or private sector and beneficiary-led individual house construction or
enhancements.
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Financial Innovation Smart City Economic Survey
Also Read
Google's sister startup to build smart city in Canada
T-Hub, Smart Cities Mission and NITI Aayog host Smart City Arcade
In 4th year, mission Smart Cities sees big gains
SmartCity Kochi draws up plan to raise Rs 4000 crore

SmartCity Kochi draws up plan to raise Rs 4000 crore
US-based Array Networks to supply networking hardware for Agra smart city
NEXT STORY
Budget 2019: India must spend $200 billion

on infra annually; harnessing private
investment a challenge, says Economic
Survey BUDGET
To achieve the target of USD 10 trillion economy size by 2032, a robust and resilient STORIES
infrastructure system is required, supported by adequate private investments, the survey
document noted. Strict rules soon for PSBs
PTI | Jul 04, 2019, 04.41 PM IST
buying NBFC assets
0
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India needs to almost double its annual divergent numbers
spending on infrastructure at USD 200 billion

and the real challenge lies in harnessing
private investment, said the Economic View: Why Sitharaman's
Survey 2018-19 tabled in Parliament on to satisfy defence
Thursday. establishment
To achieve the target of USD 10 trillion View: If it moves, tax it. That's
desperate, India
economy size by 2032, a robust and resilient
infrastructure system is required, supported
by adequate private investments, the survey
document noted. MORE FROM BUDGET STORIES
As the country has only been able to put USD 100 to 110 billion annually into infrastructure Most Read Most Shared
development, this huge investment gaps of about USD 90 billion in the space needs
funding through "innovative approaches", it said underlining the strong relations between Head; Rahul Gandhi to sit in 2nd row of Lok Sabha
the economy and infra as "the correlation of investments in inland, road, rail and airport
infrastructure to GDP are higher than 0.90".
Given the fiscal constraints that leave less room for expanding public investment at the Getting Arun Jaitley's CDRs illegally not privilege
scale required, there is an urgent need to accelerate the flow of private capital into breach: RS report
infrastructure, the survey document said. Haven’t invited Pakistan PM: Russia
More »
"India needs to spend 7-8 per cent of its GDP on infrastructure annually, which translates
into annual infrastructure investment of USD 200 billion currently. However, India has been
able to spend only about USD 100-110 billion annually on infrastructure, leaving a deficit of Reach out to Top Generator Dealers near you
around USD 90 billion per annum," it said. and get free quotes
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With the aim of boosting investment in infrastructure, "the National Investment and
Infrastructure Fund has been created with a capital of approximately Rs 400 billion to
provide investment opportunities to commercially viable projects", it said adding that a
Credit Enhancement Fund for projects for increasing the credit rating of bonds floated by
infra companies is going to be launched in the country. Top Trending News
A new credit rating system for infrastructure projects, based on expected loss approach, Rajnath Singh Amarnath yatra NIA Act
Agriculture Finance Foreign Trade Indicators Infrastructure Policy Maharashtra sugar industry
has also been launched besides measures like infrastructure investment trusts and Real
Estate Investment Trusts have been formulated to pool investment in infrastructure.
Also stressing the need for creating "next generation infra", it said physical infrastructure
attained a rapid pace with more than 20 per cent of the existing highway length of 132,000
km being constructed in the last four years, creation of additional 40 lakh seating capacity
under UDAAN and expansion of key bridges.
"In order to create a USD 10 trillion economy by 2032, India needs a robust and resilient
infrastructure. Public investment cannot fund the entire infrastructure investment
requirements of the country," the survey said.
Private players are usually eager to bring their capital only into developed Indian states
and therefore, the real challenge lies in bringing adequate private investment across the
country with the collaboration of public sector, it said.
Sustainable Development Goal (SDG) number 9 aims to "develop quality, reliable,

sustainable and resilient infrastructure, including regional and transborder infrastructure to
support economic development and human well-being, with a focus on affordable and
equitable access for all, it said.
About highways sector, it said major constraints faced are availability of funds for financing
large projects, lengthy processes in land acquisition and payment of compensation,
environmental concerns, time and cost overruns due to delays in project implementation,
procedural delays and lesser traffic growth than expected increasing the riskiness of the
projects resulting in stalled or languishing projects and shortfall in funds for maintenance.
Private sector investment has been tardy as private investors are interested in short term
investments while NHAI and NHIDCL were looking for long-term borrowing arrangements
keeping in view long gestation period of road projects, it said.
Indian railways, it said, has initiated a major electrification programme for electrifying 100
per cent of its broad gauge network which will reduce the nation's dependence on
imported diesel oil.
About the civil aviation sector, it said that in 2018-19, a total of 107 airports provided
scheduled airline operations and based on the performance of joint ventures in the airport
sector, the government has decided to lease out six brown-field airports of the Airports
Authority of India (AAI) at Guwahati, Lucknow, Jaipur, Ahmedabad, Mangalore and
Thiruvananthapuram via public private partnership (PPP) mode for enhanced revenue.
The demand and supply trends in civil aviation shows that passenger demand is higher
than seat supply, the survey document said.
Stating that shipping and ports sectors play a pivotal role in trade dynamics, the survey
said to meet the ever-increasing trade requirements, expansion of port capacity has been
accorded the highest priority with implementation of well-conceived infrastructure
development projects like Sagarmala and Unnati.
The creation of physical infrastructure accelerated significantly during 2014-19, it said

adding that electrification programme has reached almost all villages of the country.
Also, the survey made a strong case for a introducing a platform similar to Transport for
London (TfL).
"TfL has demonstrated that releasing data to the public can save users time to the
economic value of between 15 million pounds and 58 million pounds per year. An analysis
by Deloitte found that the provision of transport information through travel apps and real-
time alerts is saving 70 million to 95 million pounds per year in time...," it said.
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Border Infrastructure: Modi government

By Manu Pubby, ET Bureau | Updated: May 16, 2015, 12.55 PM IST

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full Budget for 2019-20.

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partnerships for railway development.

"Railways will be encouraged to invest in suburban railways through special purpose

Railway stations modernisation will be launched this year, she added.

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Govt aims to build 1.95 cr houses under

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Sitharaman said that the Narendra Modi government

electricity and toilets, she said.