With private sector investment failing to pick up, Union Finance Minister Arun Jaitley today stuck to giving more push to public investment through increased budgetary allocations for key infrastructure sectors, besides provisioning for higher capital expenditure by central public sector undertakings (PSUs).
In the civil aviation sector, the government is drawing up an action plan for the revival of unserved and underserved airports. "There are about 16,015 airports and air strips with state governments which can be revived at an indicative cost of Rs 50 crore to Rs 100 crore each. We will partner with the state governments to develop some of these airports for regional connectivity. Similarly, 10 of the 25 non-functional air strips with the Airport Authority of India will also be developed," Jaitley said. Besides this, budgetary support of Rs 1,713.0 crore has been earmarked for equity infusion in Air India for the financial year 2016-17.
29/02/16 Jyoti Mukul/Business Standard
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In the civil aviation sector, the government is drawing up an action plan for the revival of unserved and underserved airports. "There are about 16,015 airports and air strips with state governments which can be revived at an indicative cost of Rs 50 crore to Rs 100 crore each. We will partner with the state governments to develop some of these airports for regional connectivity. Similarly, 10 of the 25 non-functional air strips with the Airport Authority of India will also be developed," Jaitley said. Besides this, budgetary support of Rs 1,713.0 crore has been earmarked for equity infusion in Air India for the financial year 2016-17.
29/02/16 Jyoti Mukul/Business Standard
