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m3n4.net August 18, 2018


Budget 2018-19: Jaitley has tough task ahead

02 February 2018, 01:47 | Vera Richards

PTIFinance Minister Arun Jaitley

PTIFinance Minister Arun Jaitley

Most of this money will be spent on capacity expansion, since it is a priority for the national transporter, Jaitley said while presenting the Union Budget.

The FM announced that Wi-Fi, CCTVs will be provided in every station and escalators will be provided in stations with more than 25,000 footfall. "My government has chose to allocate Rs600 crore to provide nutritional support to all TB patient at the rate of Rs500 per month for the duration of their treatment", Jaitley said.

One of the highlights of the infrastructure sector push, he said, was that through the online monitoring system of PRAGATI alone, projects worth Rs 9.46 lakh crore had been facilitated and fast-tracked.

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The minister said 36,000 km of rail track renewal has been targeted in the coming year while 4,267 unmanned railway crossings on broad gauge routes are to be eliminated in the next two years.

The minister also announced use of "new innovative" monetising structures, such as toll, operate and transfer (TOT) and infrastructure investment funds (InvITs) by the National Highway Authority of India for raising equity from the market for its road assets which have matured by turning them into special goal vehicles (SPVs).

Announcing a series of benefits for senior citizens, finance minister Arun Jaitley on Thursday said the exemption limit on income from interest for them has been raised five times to Rs50,000 per year.

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There will also be a special focus on the upliftment of suburban trains in Mumbai and Bengaluru.

The estimates of revenue foregone due to this measure is Rs 7,000 crore in 2018-19.

UDAN, the regional airport development scheme launched in 2017, will connect 56 unserved airports and 31 unserved helipads in the country, said Mr. Jaitley.

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