Finance Minister Reviews Capex Plans
ECONOMY & POLICY

Finance Minister Reviews Capex Plans

The Finance Minister recently conducted a review meeting concerning the capital expenditure (Capex) plans of the Ministry of Housing and Urban Affairs. This initiative aims to ensure efficient utilization of allocated funds for various urban development projects across the nation. During the meeting, the Finance Minister emphasized the importance of timely implementation of projects, particularly those aimed at enhancing housing availability and improving urban infrastructure.

Significant attention was given to the execution of the Pradhan Mantri Awas Yojana (PMAY), which seeks to provide affordable housing for all. The minister highlighted the necessity for states to expedite approvals and clearances to facilitate the smooth progress of projects under this flagship scheme. The discussions also included insights into how urban development plays a crucial role in the overall economic growth of the country.

Moreover, the review outlined the need for increased investment in smart city initiatives, aiming to transform urban landscapes through innovative technology and sustainable practices. The Finance Minister urged stakeholders to focus on enhancing urban living standards, including essential services such as sanitation, waste management, and public transportation.

The meeting served as a platform to address potential challenges faced by the housing and urban affairs sector, with an aim to streamline processes and encourage public-private partnerships. The commitment to revitalizing urban areas through effective capital allocation reflects the government's dedication to improving the quality of life in cities while promoting sustainable urbanization.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

The Finance Minister recently conducted a review meeting concerning the capital expenditure (Capex) plans of the Ministry of Housing and Urban Affairs. This initiative aims to ensure efficient utilization of allocated funds for various urban development projects across the nation. During the meeting, the Finance Minister emphasized the importance of timely implementation of projects, particularly those aimed at enhancing housing availability and improving urban infrastructure. Significant attention was given to the execution of the Pradhan Mantri Awas Yojana (PMAY), which seeks to provide affordable housing for all. The minister highlighted the necessity for states to expedite approvals and clearances to facilitate the smooth progress of projects under this flagship scheme. The discussions also included insights into how urban development plays a crucial role in the overall economic growth of the country. Moreover, the review outlined the need for increased investment in smart city initiatives, aiming to transform urban landscapes through innovative technology and sustainable practices. The Finance Minister urged stakeholders to focus on enhancing urban living standards, including essential services such as sanitation, waste management, and public transportation. The meeting served as a platform to address potential challenges faced by the housing and urban affairs sector, with an aim to streamline processes and encourage public-private partnerships. The commitment to revitalizing urban areas through effective capital allocation reflects the government's dedication to improving the quality of life in cities while promoting sustainable urbanization.

Next Story
Infrastructure Transport

The 45,000 dockworkers strike to give them upper hand against US ports

For the first time in decades, 45,000 dockworkers have gone on strike at 36 U.S. ports stretching from Maine to Texas, and they may have the upper hand in negotiations over wages and automation concerns. With rising public support for organised labour and a string of recent union victories, coupled with backing from the pro-union Biden administration, the workers are positioned favourably in this standoff. The strike comes amid an already strained supply chain, impacted by Hurricane Helene and coinciding with peak shipping season for holiday goods. Additionally, dockworkers are highlighting ..

Next Story
Infrastructure Urban

India set to pilot biometric-based immigration next year

India plans to launch a pilot study for facial biometric-based immigration in June 2025, according to Suresh Khadakbhavi , CEO, Digi Yatra Foundation. Speaking at the CAPA Digital Aviation Summit, Khadakbhavi stated, “We are planning an international pilot project between two countries. While we don’t want to overcommit, we are actively working in this direction.” Currently, the Digi Yatra facility, which enables seamless digital boarding using facial recognition, is available for domestic passengers at 24 airports across the country. The next step involves collaborating with the Burea..

Next Story
Infrastructure Transport

Metro corporation restores roads as Phase I nears completion

The Metro construction in the city has significantly improved local infrastructure. Almost all road sections temporarily used for Phase I of the Metro 3 station work have now been restored. Roads surrounding Marol, Santacruz, and BKC were the most impacted among the 10 stations in this phase. While road barricades have been removed, minor surface work in a few areas is ongoing and expected to conclude soon. “Old facilities, including street furniture and pavements, are being reinstated,” said MMRCL Managing Director Ashwini Bhide. “Roads along the Aarey-BKC stretch have already been re..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000