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December 2018
2:32 AM IST
News Headlines
Trump's son-in-law Jared Kushner possible next chief of staff: US media        Sri Lanka PM Mahinda Rajapaksa to resign, says his son after court setback        Rahul Gandhi After Rafale Verdict: "Will Prove PM Helped Anil Ambani"        Author Amitav Ghosh Honoured With 54th Jnanpith Award        Supreme Court sees no wrongdoing in Rafale deal, rules out probe        India bowled a little bit short, Australia pacers could benefit: Border        ISL: FC Goa thrash NorthEast United 5-1        BWF World Tour Finals: PV Sindhu, Sameer Verma Register Easy Wins To Enter Semifinals        Diving legend says HIV-contracted friend inspired him to Olympic gold        India beat Pakistan to reach final of Emerging Teams Asia Cup        Boosting exports key to make India $5-tn economy by 2025: Kant        Prabhu, US Commerce Secretary to discuss trade issues on Feb 14        Ceasefire for key Yemen port agreed at peace talks: UN        Britain's May sees no 'immediate breakthrough' at EU        Poll results prove Ram Temple or communal polarisation doesn't cut ice with people: Sinha        Ashok Gehlot appeals to Cong workers in Raj to maintain peace        Rahul tweets pic with Kamal Nath, Scindia as race for CM moves to Bhopal        Aussies will fight back, but India has upper hand: Ghavri        World Tour Finals: Tough road ahead for Sindhu; Sameer too eyes knockout berth        Govt should consider 100% FDI in multi-brand retail trade: CII report        
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Business News
Rs 39 lakh cr needed for infra in urban areas until 2032: Puri
 
New Delhi, Jan 2 (PTI) The investments required in urban areas for a 20-year period between 2012-13 and 2031-32 is estimated to be Rs 39 lakh crore, the government said today.

The Ministry of Housing and Urban Affairs has constituted a high-powered expert committee to provide an estimate of investments required for urban infrastructure services, including the maintenance and replacement, the minister of state for housing and urban affairs, Hardeep Singh Puri, said in the Lok Sabha.

"As per the report of HPEC, the estimated urban investment requirement for the 20-year period from 2012-13 to 2031-32 is Rs 39.2 lakh crore," Puri said in a written reply to a question.

He said nearly Rs 20 lakh crore has been estimated for operation and maintenance of all cities and towns.

He said 90 "smart cities" selected so far have indicated a total investment of Rs 1.9 lakh crore in their proposals.

The central government proposes to give financial support to the smart cities mission to the extent of Rs 48,000 crore over five years - that is Rs 100 crore per city per year for development of 100 cities throughout the year.

An equal amount on a matching basis will have to be contributed by the state or urban local bodies (ULBs).

The balance funds - as required by the city as per the smart city proposal - are expected to be mobilised by the city from state or ULB's own resources through collection of user fee, beneficiary charges, impact fee, land monetisation, debt, borrowings from financial institutions including bilateral and multilateral institutes, private sector through PPP and convergence with other missions, he said.

Replying to another question, he said the government has decided to discontinue the Heritage City Development and Augmentation Yojna (HRIDAY) after it ends in November 2018.


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INTERNATIONAL NEWS
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NATIONAL NEWS
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