INSUBCONTINENT EXCLUSIVE:
The government on Friday announced to invest Rs 100 lakh crore in infrastructure over the next five years
Tabling the Budget for 2019-20 in Parliament on Friday, Finance Minister Nirmala Sitharaman said "India requires investments averaging Rs 20
Ms Sitharaman also proposed setting up a Credit Guarantee Enhancement Corporation for which regulations have been notified by the Reserve
Bank of India, among other measures to enhance the sources of capital for infrastructure financing."To this end, it is proposed to set up an
expert committee to study the current situation relating to long-term finance and our past experience with development finance institutions,
and recommend the structure and required flow of funds through development finance institutions, Ms Sitharaman said in her Budget speech for
public-private partnership to achieve faster development and completion of tracks, rolling stock manufacturing and delivery of passenger
infrastructure programmes including augmenting 1,25,000 km of rural roads under the Pradhan Mantri Gram Sadak Yojana at a cost of Rs 80,250
crore and creating a national highways grid.(With PTI inputs)Get Breaking news, live coverage, and Latest News from India and around the
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