Announcing surety that bonds would be used in place of bank guarantees. The suggestion was made to her by the ficci president in December 2020 and solves a major problem that is the construction sector.
Coordination, capacity, construction & contracts are the Budget expectations and confidence.
In the case of capacity that the budget speech in para 27 mentions capacity building for infrastructure projects, and para 70 outlines support to state governments on urban planning, and 5 centers of excellence.
The national program and project management policy framework, announced earlier, would also work towards getting better professionals and skilled personnel to deliver rapid project execution with speed and scale.
In the case of coordination comes that the pm gati Shakti mission for multimodal connectivity includes 7 engines for transporting people or goods: roads, railways, airports, seaports, mass transport, waterways, and logistics infrastructure.
There is now an integrated implementation mechanism, with 16 ministries of the government of India working together.
Regional workshops on the gati Shakti mission have already taken place, and state governments are coming on board the big-n platform. It includes connectivity between mass urban transport and railway terminals on priority.
Another term is that the construction, an increased outlay of ‘effective capital expenditure’ including grants-in-aid to state governments, at rs 10.68 trillion (4.1% of GDP) is even higher than the rs 7.5 trillion Capex budget of the government of India.
Confidence level also expanding the public investment projects, the private sector would get the confidence to start investing in this year, now that coronavirus is becoming less virulent. Urbanization received special attention over 9 parts of the speech.
Included attention to urban sector policies, capacity building, planning, implementation and governance, and urban planning support to states, including modernization of building by-laws, town planning schemes, and transit-oriented development (tod).
For better urban planning and design, other welcome measures are on public transport and battery swapping (energy as a service) for the ecosystem.
The unique land parcel identification number is a transformative initiative, as is the one nation one registration software – backbone – national generic document registration system. Both will improve ease of living.
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