OTHER GROUP COMPANIES
market

Budget 2014-15: Allocation of Rs. 7060 crores for Smart Cities

The new cities should be developed to accommodate the burgeoning number of people

July 10, 2014 4:16 IST | India Infoline News Service
The Finance Minister Arun Jaitley has provided a sum of Rs. 7060 crores in the current financial year for developing 100 smart cities. Announcing in his maiden Budget Speech in the Parliament, Jaitley said that the Prime Minister has a vision of developing one hundred ‘Smart cities’ as satellite towns of larger cities and by modernizing the existing mid- sized cities.

The Finance Minister said that with development reaching an increasingly large number of people, the pace of migration from the rural areas to the cities is increasing. The new cities should be developed to accommodate the burgeoning number of people. Otherwise, the existing cities would soon become unlivable.

OPEN A DEMAT ACCOUNT & Get
FREE Benefits Worth 5,000

FEATURED ARTICLE

BLOGS

Open Demat Account

  • 0

    Per Order for ETF & Mutual Funds Brokerage

  • 20

    Per Order for Delivery, Intraday, F&O, Currency & Commodity