Gold
Rs 1 trn Urban Challenge Fund to Boost Infrastructure
Finance Minister Nirmala Sitharaman announced that the Indian government will establish a Rs 1 trillion Urban Challenge Fund to enhance urban infrastructure. The fund aims to support cities as centres of economic growth by financing up to 25 per cent of bankable projects, with a focus on creative city redevelopment, water, and sanitation initiatives.The Urban Challenge Fund will finance up to 25 per cent of eligible projects, with the remaining 75 per cent to be raised through bonds, bank loans, or public-private partnerships (PPPs). The government has allocated Rs 100 billion for the fiscal y..
FM Unveils Major Initiatives for Bihar in 2025 Union Budget
In her eighth consecutive budget presentation in Parliament, Union Finance Minister Nirmala Sitharaman laid out a roadmap for achieving "Sabka Vikas" by ensuring inclusive growth across all regions of India. Emphasising the country’s strong economic trajectory, she highlighted India's position as the fastest-growing economy among major nations. Sitharaman underscored the government’s commitment to harnessing the potential of each region, especially as the nation heads into the next five years of growth opportunities.The finance minister also dedicated several key initiatives aimed at boost..
Budget 2025-26: Rs 1 lakh crore fund to transform cities
Union Finance Minister, Nirmala Sitharaman announced that the government will create a Rs 1 lakh crore Urban Challenge Fund aimed at transforming cities into growth hubs. The fund will finance 25 per cent of the cost of bankable projects, with an allocation of Rs 10,000 crore for 2025-26. The remaining 50 per cent will be funded through bonds, bank loans, and public-private partnerships (PPPs). “This is fuel the ongoing momentum in rebuilding urban infrastructure and will drive greater demand for real estate in the urban and semi urban areas,” said Vimal Nadar, Head of Research at Colliers..
