#HighlightBudget2015 #Infrastructure

Infrastructure

• Concerns of IT industries for a more liberal system of raising global capital, incubation facilities in our Centres of Excellence, funding for seed capital and growth, and ease of Doing Business etc. would be addressed for creating hundreds of billion dollars in value.
• (SETU) Self-Employment and Talent Utilization) to be established as Techno-financial, incubation and facilitation programme to support all aspects of start-up business. `1000 crore to be set aside as initial amount in NITI.
• Ports in public sector will be encouraged, to corporatize, and become companies under the Companies Act to attract investment and leverage the huge land resources.
• An expert committee to examine the possibility and prepare a draft legislation where the need for multiple prior permission can be replaced by a pre-existing regulatory mechanism. This will facilitate India becoming an investment destination.
• 5 new Ultra Mega Power Projects, each of 4000 MW, in the Plug-and-Play mode.

#HighlightBudget2015 #Infrastructure

Infrastructure

• Sharp increase in outlays of roads and railways. Capital expenditure of public sector units to also go up.
• National Investment and Infrastructure Fund (NIIF), to be established with an annual flow of `20,000 crores to it.
• Tax free infrastructure bonds for the projects in the rail, road and irrigation sectors.
• PPP mode of infrastructure development to be revisited and revitalised.
• Atal Innovation Mission (AIM) to be established in NITI to provide Innovation Promotion Platform involving academicians, and drawing upon national and international experiences to foster a culture of innovation , research and development. A sum of `150 crore will be earmarked.