India

Budget 2024-25: Centre To Develop ‘Cities As Growth Hubs’ With States

The Union Budget 2024-25 has given high priority to the development of cities as growth hubs, with Finance Minister Nirmala Sitharaman announcing a series of initiatives to achieve this goal.

The government plans to formulate transit-oriented development plans for 14 large cities with a population above 30 lakh, along with an implementation and financing strategy. This will involve economic and transit planning, and orderly development of peri-urban areas.

Also Read: Government Exempts Customs Duty On Three Cancer Drugs, Oncologists Hail Move

Additionally, the government will create a framework for policies, market-based mechanisms, and regulations to enable creative brownfield redevelopment of existing cities. Under the PM Awas Yojana Urban 2.0, the government aims to address the housing needs of 1 crore urban poor and middle-class families with an investment of Rs 10 lakh crore.

Other initiatives include:

– Promoting water supply, sewage treatment, and solid waste management projects in 100 large cities
– Developing 100 weekly ‘haats’ or street food hubs in select cities
– Encouraging states to moderate stamp duty rates and considering further lowering duties for properties purchased by women
– Facilitating the development of investment-ready industrial parks with complete infrastructure in or near 100 cities
– Sanctioning 12 industrial parks under the National Industrial Corridor Development Programme

Moreover, these initiatives aim to transform cities into growth hubs, promote sustainable development, and improve the quality of life for urban residents.

Richa Kaushik

Recent Posts

Amba Stavam Is A Supernatural Experience, Listen To It: PM Modi On Chaitra Navratri

On Wednesday, Prime Minister Narendra Modi extended wishes on Chaitra Navratri's fourth day, highlighting devotees'…

42 mins ago

Bharat Express CMD Upendrra Rai And Prominent Leaders Celebrate Eid Together At Shahnawaz Hussain’s Eid Milan

Former Union Minister and BJP National Spokesperson Shahnawaz Hussain organized an Eid Milan program at…

57 mins ago

IPL 2025: RCB vs GT Clash – Match Time, Venue, & Head-To-Head Stats

The Royal Challengers Bengaluru (RCB) will take on the Gujarat Titans (GT) in Match 14…

2 hours ago

The Waqf Amendment Bill 2025: A Beacon Of Justice, Equity, And Clarity For India’s Future

In a diverse and dynamic nation like India, managing Waqf properties requires a careful balance…

2 hours ago

Markets Open Higher As Heavyweights Lift Sentiment; Midcaps & Smallcaps Under Pressure

Indian stock markets started on a positive note, driven by gains in key stocks such…

2 hours ago

Justice Chandra Dhari Singh Bids Farewell To Delhi High Court As He Returns To Allahabad High Court

Justice Chandra Dhari Singh bid farewell to the Delhi High Court as the Center transferred…

3 hours ago