Union Budget 2014-15: Urban Development

Union Finance Minister presented Union Budget 2014-15. Certain major steps were announced for urban development.

Created On: Jul 10, 2014 15:15 IST

Union Finance Minister, Arun Jaitley on 10 July 2014 presented Union Budget 2014-15. In his maiden budget, the Union Finance Minister announced certain major steps on urban developments.   

He underlined that the budget 2014-15 focus is on providing good infrastructure that includes public transport, solid waste disposal, sewerage treatment and drinking water in urban areas.


Steps announced in the budget 2014-15 for Urban Development includes
• Vision of the Government is that 500 urban habitations to be provided support for renewal of infrastructure and services in next 10 years through Public Private Partnerships (PPPs)
• Present corpus of Pooled Municipal Debt Obligation Facility to be enlarged to 50000 Crore from 5000 crore, which is ten-fold increase. This facility has been extended by five years to 31 March 2019
• 100 crore provided for Metro Projects in Lucknow and Ahmedabad. Apart from this, the government will encourage development of metro rail systems that include light rail system in the PPP mode, which will be supported by the Union Government

Pooled Municipal Debt Obligation Facility
It was set up in 2006 with an aim of participation of several banks to promote and finance infrastructure projects in Urban Areas on shared risk basis.

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप


Related Stories

Comment (0)

Post Comment

5 + 2 =
Disclaimer: Comments will be moderated by Jagranjosh editorial team. Comments that are abusive, personal, incendiary or irrelevant will not be published. Please use a genuine email ID and provide your name, to avoid rejection.

    Monthly Current Affairs PDF

    • Current Affairs PDF November 2021
    • Current Affairs PDF October 2021
    • Current Affairs PDF September 2021
    • Current Affairs PDF August 2021
    • Current Affairs PDF July 2021
    • Current Affairs PDF June 2021
    View all

    Monthly Current Affairs Quiz PDF

    • Current Affairs Quiz PDF November 2021
    • Current Affairs Quiz PDF October 2021
    • Current Affairs Quiz PDF September 2021
    • Current Affairs Quiz PDF August 2021
    • Current Affairs Quiz PDF July 2021
    • Current Affairs Quiz PDF June 2021
    View all