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.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

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
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?