{"id":319597,"date":"2020-02-01T09:20:45","date_gmt":"2020-02-01T09:20:45","guid":{"rendered":"http:\/\/tehelka.com\/?p=319597"},"modified":"2020-02-01T09:20:45","modified_gmt":"2020-02-01T09:20:45","slug":"100-more-airports-to-be-developed-by-2024-to-support-udaan-scheme-finance-minister","status":"publish","type":"post","link":"https:\/\/tehelka.com\/100-more-airports-to-be-developed-by-2024-to-support-udaan-scheme-finance-minister\/","title":{"rendered":"100 more Airports to be developed by 2024 to support UDAAN Scheme: Finance Minister"},"content":{"rendered":"

\"\"Union Minister for Finance & Corporate Affairs Nirmala Sitharaman, while presenting the Union Budget 2020-21, in Parliament today, said that infrastructure was crucial to the theme of \u201cEconomic development\u201d and hence the Budget which is dedicated to provide \u201cEase of Living\u201d to all citizen.<\/span><\/p>\n

The Finance Minister announced that 100 more airports would be developed by 2024 to support Udaan scheme. She also remarked in her Budget presentation that India\u2019s Air traffic has grown rapidly as compared to global average and the Air fleet number was expected to go up from the present 600 to 1200 during this time.<\/span><\/p>\n

\u00a0In the direction of doubling farmers\u2019 income by 2022, among other measures, the Finance Minister also announced launch of \u201cKrishi Udaan\u201d by the Ministry of Civil aviation on International & National routes. This is aimed to help improve value realisation especially in North-East and Tribal districts.<\/span><\/p>\n

The Union Finance Minister also proposed an allocation of Rs. 22000 crore for Power and Renewable Energy sector in 2020-21. Finance minister urged all States and Union Territories to replace conventional meters by prepaid \u201cSmart Meters\u201d in the next 3 years and measures to reform DISCOMs.<\/span><\/p>\n

\u00a0Further, the Finance Minister proposed in the Budget that national gas grid would be expanded from the present 16200 km to 27000 km with further reforms to be undertaken to facilitate transparent price discovery and ease of transactions.<\/span><\/p>\n

\u00a0The Finance Minister also proposed to extend corporate tax rate of 15% to new domestic companies engaged in the generation of electricity.<\/span><\/p>\n

Emphasising need for efficiency of India Sea Ports and use of technology to improve their performance, Nirmala Sitharaman, said \u201cThe government would consider corporatizing at least one major port and subsequently its listing on the stock exchanges.\u201d<\/span><\/p>\n

\u00a0Speaking about Inland Waterways, the Finance Minister also announced that the \u201cJal Vikas Marg\u201d on National Waterway-1 will be completed and further the 890 Km Dhubri-Sadiya connectivity will be done by 2022\u201d.<\/span><\/p>\n

\u00a0Sitharaman further said that Plans are afoot on \u201cArth Ganga\u201d- PM\u2019s vision to energise economic activity along the river banks. In order to boost the transport Infrastructure in the country the Union Budget has provided for about Rs 1.70 Lakh Crore.\u00a0<\/span><\/p>\n

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Union Minister for Finance & Corporate Affairs Nirmala Sitharaman, while presenting the Union Budget 2020-21, in Parliament today, said that infrastructure was crucial to the theme of \u201cEconomic development\u201d and hence the Budget which is dedicated to provide \u201cEase of Living\u201d to all citizen. The Finance Minister announced that 100 more airports would be developed […]<\/p>\n","protected":false},"author":59,"featured_media":319598,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[167,36],"tags":[508],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/319597"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=319597"}],"version-history":[{"count":1,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/319597\/revisions"}],"predecessor-version":[{"id":319599,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/319597\/revisions\/319599"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/319598"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=319597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=319597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=319597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}