SAIL's Chairman P K Singh hails FM Jaitley's measures
BY M Post Bureau2 Feb 2017 12:01 AM IST
M Post Bureau2 Feb 2017 12:01 AM IST
Budget 2017 is a progressive budget which aims at a holistic development of the entire economy with a 25.4% higher capital expenditure slated for FY 2017-18.
The infrastructure sector will get an investment of Rs 3,96,135 Crores including roads, railways, ports, airports, construction etc and also affordable housing which will now get an infrastructure status.
The 3500 kilometers of railway lines, 1 crore houses for poor by 2019, improved connectivity between cities, affordable house building schemes will all translate to robust economic development.
At the same time, 24% higher than previous year's allocation towards rural, agriculture and allied sectors will strengthen rural India.
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