Stating that India’s infrastructure was inconsistent with its growth ambitions, Jaitley’s budget earmarked a big chunk of outlay to this sector. Here’s a look how infra aspirations would be built upon by the NDA
The Flow
Rs 14,031 crore fOR Increase in outlay for roads
Rs 10,050 crore fOR More gross budgetary support for railways
Rs 3,17,889 fOR crore Capital Expenditure of PSUs, an increase of RS 80,844 over Revised Estimate of 2014-15
Rs 70,000 crore fOR Hike in investment in 2015-16, as compared to previous financial year
The Fund
National Investment and Infrastructure Fund to find money to ensure an annual flow of Rs 20,000 cr to it
What it’ll do
Raise debt and in turn invest as equity in infrastru-cture finance companies such as IRFC and NHB
Tax Free Infrastructure Bonds in rail, road and irrigation sectors
Revisiting the PPP model Risk model would be rebalanced, with the sovereign bearing a major part, not all
Atal Innovation Mission (AIM) Rs 150 crore outlay under the NITI Aayog
AIM will act as an Innovation Promotion Platform, involving academics, entrepreneurs, researchers
Aims at fostering a culture of innovation, R&D and scientific research Promote world-class innovation hubs
Bridging the IT gap with SETU
Self-Employment and Talent Utilisation (SETU) will be techno-financial, Incubation and Facilitation Programme to support all aspects of startups
Special emphasis in technology-driven areas.
Rs 1,000 crore earmarked under NITI Aayog for the scheme
Ports to be encouraged to attract investments and put to use unused resources, to aid in their transition into companies under the Companies Act
e-Biz portal to integrate 14 regulatory permissions at one source
Expert Committee to examine areas requiring multiple prior permissions and prepare a draft legislation to bring such fields under pre-existing mechanism
Power Up
5 new Ultra Mega Power Projects of Rs 4,000 MW each in plug-and-play mode
Transparent auction system to award the projects Rs 1 lakh crore worth of investment expected
Koodankulam Nuclear Power Plant Unit II to be commissioned in 2015-16
Conditional Support
Jaitley told the House if additional resources are generated from tax buoyancy he will give Rs 5,000 crore to MGNREGA
RS 1,500 crore to ICDS
Rs 500 crore to ICPS
Rs 3,000 crore to Pradhan Mantri Krishi Sinchai Yojana