Indian Economy News

Close to Rs 12 lakh cr expenditure on urban schemes since 2014; 8 times than UPA: Govt

Minister of Petroleum and Natural Gas & Housing and Urban Affairs, Mr. Hardeep Singh Puri, said that the government had spent close to Rs. 12 lakh crore (US$ 154.85 billion) on urban development initiatives in the last eight years, compared to Rs. 1.57 lakh crore (US$ 20.26 billion) during the UPA's ten-year reign. The minister was speaking at 'PlumbEx India,' a three-day plumbing, water, and sanitation products show organised by the Indian Plumbing Association (IPA) at Pragati Maidan in New Delhi.

He launched the IPA's 'Bharat Tap' programme, which aims to reduce water use, and stated that his ministry will join this water-saving drive. Bharat Tap is a low flow tap and fixture concept. He also launched NAREDCO MAHI's (the women's branch of realtors body NAREDCO water-saving campaign, 'Nirmal Jal Prayaas.' NAREDCO MAHI will enter into an agreement with IPA. As part of the arrangement, IPA will advise Naredco Mahi on the Nirmal Jal Prayaas, which will conserve 500 million litres of water each year.

He went on to say that the Modi government's spending had surged eightfold. The minister stated that the budget for Amrut 2.0 and Swachh Bharat Mission 2.0 is Rs. 4.71 lakh crore (US$ 60.81 billion).

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.