TIL Desk UB-2014-15/ Union Budget @ a glance (Part III) Financial sector is at the heart of the growth engine, Jaitley says. Revision of rate of royalty on minerals to be taken up on request from the states. Ultra modern solar power plants to be set up. In order to complete gas grid, 15000km of additional pipeline to be developed through PPP mode. New and renewable energy deserves high priority; ultra modern power projects to be taken up in Rajasthan, Tamil Nadu, Ladakh with Rs 500 crore. Impasse in coal sector will be resolved: FM Jal Marg Vikas project on river Ganga Rs 4200 crore set aside for Jal Marg Vikas project on river Ganga connecting Allahabad to Haldia, over a distance of 1620km. New airports to be developed through PPP mode in tier-II and tier-III cities. 16 new ports to be set up. Rs 11,000 crore to be allocated for this. Retrospective tax amendment to be undertaken with extreme caution, Jaitley says Rs 3600cr set aside for National Rural Drinking Water: FM Bank to be encouraged to give long term funds and loans to infrastructure sector. Govt to provide all households with banking facilities to empower the weaker sections. There should be at least 2 bank accounts in each household: FM RBI will create framework for licences of small banks: FM To allocate Rs 150 crore to boost womens safety: FM
Posted on: Thu, 10 Jul 2014 07:04:23 +0000
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