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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

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        Case ID :
        Budget

        Investment In Infrastructure To Go Up By ₹ 70,000 Crore In Year 2015-16 Over Year 2014-15

        February 28, 2015

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        The Union Finance Minister Shri Arun Jaitley has proposed an increase in investment in infrastructure by ₹ 70,000 crore in the year 2015-16 over the year 2014-15 from the Centre’s funds and resources of CPSEs. Presenting the General Budget 2015-16 in the Lok Sabha here today, the Finance Minister stated that the present state of infrastructure does not match the growth ambitions. Hence he has increased outlay on both the roads and the gross budgetary support to the Railways by ₹ 14,031 crore and ₹ 10,050 crores. The CAPEX of the public sector units is expected to be ₹ 3,17,889 crores, an increase of approx. ₹ 80,844 crores over RE 2014-15.

        Infrastructure investment increase proposed in Budget leads to higher outlays for roads, railways and PSU capex. An increase in central funding for infrastructure is proposed for 2015-16, comprising an additional 70,000 crore over 2014-15 from the Centre's funds and CPSE resources. The Budgetary measures earmark higher allocations for roads and augment gross budgetary support to Railways, while public sector unit capital expenditure (CPSE CAPEX) is projected to rise significantly over revised estimates for 2014-15.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Infrastructure investment increase proposed in Budget leads to higher outlays for roads, railways and PSU capex.

                                An increase in central funding for infrastructure is proposed for 2015-16, comprising an additional 70,000 crore over 2014-15 from the Centre's funds and CPSE resources. The Budgetary measures earmark higher allocations for roads and augment gross budgetary support to Railways, while public sector unit capital expenditure (CPSE CAPEX) is projected to rise significantly over revised estimates for 2014-15.


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