1. Home
  2.  |  
  3. Economy Current Affairs  |  

Union Budget 2013-14: Allocations of Funds to Infrastructure and Energy Sector

Mar 5, 2013 18:10 IST

The Union Finance Minister announced different proposals for Infrastructure and Energy Sector in India while tabling the Union Budget 2013-14 in the Lok Sabha on 28 February 2013. The proposals as announced by the Union Finance Minister are as follows:


• Investment allowance of 15% for investment in plant & machinery
• 30% increase in plan expense
• CCI to take up decisions on more Power projects
• Power transmission system from Srinagar to Leh at an expense of INR 228 Crore in 2013-14

Oil and Gas
• Natural gas pricing policy to be reviewed
• Move to revenue-sharing from profit-sharing policy in oil and gas sector
• The oil and gas exploration policy will be reviewed to move from profit sharing to revenue sharing contracts
• NELP blocks that were awarded but are stalled will be cleared


• Proposal for Public-private partnership (PPP) policy framework, with CIL as one of the partners, in order to increase the production of coal for supply to power producers and other consumers.
• More focus on coal import, coal blending and price pooling of coal in short to medium term.

• Road Regulator to be introduced
• Over 3000 km road projects across Maharashtra, Gujarat, MP to be awarded in 6 months time in 2013-2014
• 2 new major ports announced in AP and WB.
• Infrastructure Debt funding - 4 of these to be in place to extend funding at lesser rate
• Tax-free infrastructure bonds of Rs 50,000 crore to be issued

Renewable Energy
• GBI re-introduced in Wind Sector with allocation of 800 cr.
• Low interest bearing funds from the National Clean Energy Fund (NCEF) to IREDA to on-lend to viable renewable energy projects. The scheme will have a life span of 5 years.

Is this article important for exams ? Yes17 People Agreed
Read more Current Affairs on: Union Budget 2013-14 , Energy Sector , Infrastructure

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK