100 more airports by 2024 to support UDAN Scheme

Published By : Admin | February 1, 2020 | 16:59 IST

Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman, while presenting the Union Budget 2020-21, in Parliament today, said that infrastructure was crucial to the theme of “Economic development” and hence the Budget which is dedicated to provide “Ease of Living” to all citizen.

Emphasising need for efficiency of India Sea Ports and use of technology to improve their performance, Smt Nirmala Sitharaman, said “The government would consider corporatizing at least one major port and subsequently its listing on the stock exchanges.”

Speaking about Inland Waterways, the Finance Minister also announced that the “Jal Vikas Marg” on National Waterway-1 will be completed and further the 890 Km Dhubri-Sadiya connectivity will be done by 2022”.

Smt Sitharaman further said that Plans are afoot on “Arth Ganga”- PM’s vision to energise economic activity along the river banks. In order to boost the transport Infrastructure in the country the Union Budget has provided for about Rs 1.70 Lakh Crore.

Impetus to Civil Aviation Sector

The Finance Minister also announced that 100 more airports would be developed by 2024 to support Udaan scheme. She also remarked in her Budget presentation that India’s Air traffic has grown rapidly as compared to global average and the Air fleet number was expected to go up from the present 600 to 1200 during this time.

In the direction of doubling farmers’ income by 2022, among other measures, the Finance Minister also announced launch of “Krishi Udaan” by the Ministry of Civil aviation on International & National routes. This is aimed to help improve value realisation especially in North-East and Tribal districts. 

Power and Renewable Energy

The Union Finance Minister, also proposed an allocation of Rs. 22000 crore for Power and Renewable Energy sector in 2020-21. Finance minister urged all States and Union Territories to replace conventional meters by prepaid “Smart Meters” in the next 3 years and measures to reform DISCOMs.

Further, the Finance Minister proposed in the Budget that national gas grid would be expanded from the present 16200 km to 27000 km with further reforms to be undertaken to facilitate transparent price discovery and ease of transactions.

The Finance Minister also proposed to extend corporate tax rate of 15% to new domestic companies engaged in the generation of electricity.

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PM chairs 46th PRAGATI Interaction
April 30, 2025
QuotePM reviews eight significant projects worth over Rs 90,000 crore
QuotePM directs that all Ministries and Departments should ensure that identification of beneficiaries is done strictly through biometrics-based Aadhaar authentication or verification
QuoteRing Road should be integrated as a key component of broader urban planning efforts that aligns with city’s growth trajectory: PM
QuotePM reviews Jal Marg Vikas Project and directs that efforts should be made to establish a strong community connect along the stretches for boosting cruise tourism
QuotePM reiterates the importance of leveraging tools such as PM Gati Shakti and other integrated platforms to enable holistic and forward-looking planning

Prime Minister Shri Narendra Modi earlier today chaired a meeting of the 46th edition of PRAGATI, an ICT-based multi-modal platform for Pro-Active Governance and Timely Implementation, involving Centre and State governments.

In the meeting, eight significant projects were reviewed, which included three Road Projects, two projects each of Railways and Port, Shipping & Waterways. The combined cost of these projects, spread across different States/UTs, is around Rs 90,000 crore.

While reviewing grievance redressal related to Pradhan Mantri Matru Vandana Yojana (PMMVY), Prime Minister directed that all Ministries and Departments should ensure that the identification of beneficiaries is done strictly through biometrics-based Aadhaar authentication or verification. Prime Minister also directed to explore the potential for integrating additional programmes into the Pradhan Mantri Matru Vandana Yojana, specifically those aimed at promoting child care, improving health and hygiene practices, ensuring cleanliness, and addressing other related aspects that contribute to the overall well-being of the mother and newly born child.

During the review of infrastructure project concerning the development of a Ring Road, Prime Minister emphasized that the development of Ring Road should be integrated as a key component of broader urban planning efforts. The development must be approached holistically, ensuring that it aligns with and supports the city’s growth trajectory over the next 25 to 30 years. Prime Minister also directed that various planning models be studied, with particular focus on those that promote self-sustainability, especially in the context of long-term viability and efficient management of the Ring Road. He also urged to explore the possibility of integrating a Circular Rail Network within the city's transport infrastructure as a complementary and sustainable alternative for public transportation.

During the review of the Jal Marg Vikas Project, Prime Minister said that efforts should be made to establish a strong community connect along the stretches for boosting cruise tourism. It will foster a vibrant local ecosystem by creating opportunities for business development, particularly for artisans and entrepreneurs associated with the 'One District One Product' (ODOP) initiative and other local crafts. The approach is intended to not only enhance community engagement but also stimulate economic activity and livelihood generation in the regions adjoining the waterway. Prime Minister stressed that such inland waterways should be drivers for tourism also.

During the interaction, Prime Minister reiterated the importance of leveraging tools such as PM GatiShakti and other integrated platforms to enable holistic and forward-looking planning. He emphasized that the use of such tools is crucial for achieving synergy across sectors and ensuring efficient infrastructure development.

Prime Minister further directed all stakeholders to ensure that their respective databases are regularly updated and accurately maintained, as reliable and current data is essential for informed decision-making and effective planning.

Up to the 46th edition of PRAGATI meetings, 370 projects having a total cost of around Rs 20 lakh crore have been reviewed.