Finance Minister Reviews Capex Plans
ECONOMY & POLICY

Finance Minister Reviews Capex Plans

The Finance Minister recently conducted a review meeting concerning the capital expenditure (Capex) plans of the Ministry of Housing and Urban Affairs. This initiative aims to ensure efficient utilization of allocated funds for various urban development projects across the nation. During the meeting, the Finance Minister emphasized the importance of timely implementation of projects, particularly those aimed at enhancing housing availability and improving urban infrastructure.

Significant attention was given to the execution of the Pradhan Mantri Awas Yojana (PMAY), which seeks to provide affordable housing for all. The minister highlighted the necessity for states to expedite approvals and clearances to facilitate the smooth progress of projects under this flagship scheme. The discussions also included insights into how urban development plays a crucial role in the overall economic growth of the country.

Moreover, the review outlined the need for increased investment in smart city initiatives, aiming to transform urban landscapes through innovative technology and sustainable practices. The Finance Minister urged stakeholders to focus on enhancing urban living standards, including essential services such as sanitation, waste management, and public transportation.

The meeting served as a platform to address potential challenges faced by the housing and urban affairs sector, with an aim to streamline processes and encourage public-private partnerships. The commitment to revitalizing urban areas through effective capital allocation reflects the government's dedication to improving the quality of life in cities while promoting sustainable urbanization.

The Finance Minister recently conducted a review meeting concerning the capital expenditure (Capex) plans of the Ministry of Housing and Urban Affairs. This initiative aims to ensure efficient utilization of allocated funds for various urban development projects across the nation. During the meeting, the Finance Minister emphasized the importance of timely implementation of projects, particularly those aimed at enhancing housing availability and improving urban infrastructure. Significant attention was given to the execution of the Pradhan Mantri Awas Yojana (PMAY), which seeks to provide affordable housing for all. The minister highlighted the necessity for states to expedite approvals and clearances to facilitate the smooth progress of projects under this flagship scheme. The discussions also included insights into how urban development plays a crucial role in the overall economic growth of the country. Moreover, the review outlined the need for increased investment in smart city initiatives, aiming to transform urban landscapes through innovative technology and sustainable practices. The Finance Minister urged stakeholders to focus on enhancing urban living standards, including essential services such as sanitation, waste management, and public transportation. The meeting served as a platform to address potential challenges faced by the housing and urban affairs sector, with an aim to streamline processes and encourage public-private partnerships. The commitment to revitalizing urban areas through effective capital allocation reflects the government's dedication to improving the quality of life in cities while promoting sustainable urbanization.

Next Story
Infrastructure Urban

Autodesk Unveils India-Centric Design Tools to Boost Infrastructure

Autodesk announced the launch of customised design technology solutions for the public sector in India. In a pioneering move, Autodesk has introduced India-focused Building Information Modelling (BIM) suite – ‘BIM Package for Viksit Bharat’, a ready-to-deploy digital solution, designed specifically for India’s engineers, architects, and policymakers, aligning with India’s Viksit Bharat ambitions. The solution was unveiled by Ashish Kumar Mittal, Director of Public Sector, Autodesk India & SAARC and Alok Sharma, Director, Architecture, Engineering and Construction (AEC), Autodesk ..

Next Story
Infrastructure Urban

Bridgestone Backs 2025 World Solar Challenge with ENLITEN Tires

Bridgestone Corporation today announced that it will be supporting the 2025 Bridgestone World Solar Challenge (BWSC) with ENLITEN technology tires, which feature the first application of new recycled materials developed through co-creation with partners, increasing the ratio of recycled and renewable materials to over 65%. The company will supply these tires to 33 teams from 17 locations. The BWSC, which will take place August 24 through 31, is the world’s foremost solar car event. Held every two years, participants are challenged with traversing approximately 3,000 kilometers across th..

Next Story
Infrastructure Urban

Shishir Baijal: RBI’s 50 bps Rate Cut Boost the Real Estate Sector

The RBI’s 50 bps rate cut marks a strong and proactive stance aimed at lifting the low and mid-value housing segments. Over the last few years, the strong housing market momentum was increasingly concentrating in the premium end, even as there were signals of weakening demand in the lower segments. With this cumulative 100 bps cut in the repo rate, we expect a rekindling of demand in these underserved categories, as affordability will witness a meaningful improvement for such homebuyers. This move is especially timely, as it comes amid rising concerns about the uneven recovery within th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?