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Budget 2018-19: Jaitley has tough task ahead
02 February 2018, 01:47 | Vera Richards
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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Thick, dark smoke can be seen rising into the sky following a loud explosion near the old Interior Ministry building Saturday. Wounded people are assisted at the site of an explosion in downtown Kabul, Afghanistan , Saturday, Jan. 27, 2018.
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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