Budget 2016: FM proposes investment of Rs 97,000 crore in road sector

New Delhi: In a major push on infrastructure, Finance Minister Arun Jaitley on Monday announced allocation of Rs.97,000 crore for the roads sector in the union budget for the next fiscal.

This amount includes the Rs.19,000 crore he has allocated for rural roads under the Pradhanmatri Gram Sadak Yojna.

Arun Jaitley. PTI

Arun Jaitley. PTI

The finance minister also announced that road transport in the passenger segment would be opened up to the private sector.

Describing the legacy of problems in the roads sector that his government had inherited, Jaitley said around 70,000 road projects had got stalled, locking investment of up to Rs.1 lakh crore.

"I am happy to announce that our efforts have put back on track 85 percent of these stalled road projects," Jaitley told Parliament.

Rs.100 crore for birth centenary of Deendayal Upadhyay:

The government on Monday announced allocation of Rs.100 crore for the celebrations of the birth centenary of Pandit Deendayal Upadhyay, a leader of the Bharatiya Jana Sangh, the forerunner of BJP.

"The government has announced an initial amount of Rs.100 crore for the birthday celebration of Pandit Deendayal Upadhayay," said Finance Minister Arun Jaitley, presenting the union budget for 2016-17 in the Lok Sabha.

Late Pandit Deendayal Upadhyay is best known for his 'Ekatm Manav-vad Darshan' (the philosophy of integral humanism). IANS


Updated Date: Feb 29, 2016 13:14 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See