Budget 2016: Infrastructure and Investment sectorhttps://indianexpress.com/photos/business-gallery/budget-2016-17-infrastructure-and-investment-sector/

Budget 2016: Infrastructure and Investment sector

Finance Minister Arun Jaitley unveiled a slew of initiatives for the Infrastructure and Investments sector.

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Total investment in the road sector, including PMGSY allocation, would be ` 97,000 crore during 2016-17. Besides, India’s highest ever kilometres of new highways were awarded in 2015. To approve nearly 10,000 kms of National Highways in 2016-17. (Source: PTI)

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Allocation of Rs 55,000 crore in the Budget for Roads. Additional 15,000 crore to be raised by NHAI through bonds. Total outlay for infrastructure - 2,21,246 crore. (Source: PTI)

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Amendments to be made in Motor Vehicles Act to open up the road transport sector in the passenger segment. (Source: PTI)

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Action plan for revival of unserved and underserved airports to be drawn up in partnership with State Governments. Also, one of the points is to provide calibrated marketing freedom in order to incentivise gas production from deep-water, ultra deep-water and high pressure-high temperature areas. (Source: PTI)

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Reforms in FDI policy in the areas of Insurance and Pension, Asset Reconstruction Companies, Stock Exchanges. 100% FDI to be allowed through FIPB route in marketing of food products produced and manufactured in India. (Source: PTI)

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Comprehensive plan, spanning next 15 to 20 years, to augment the investment in nuclear power generation to be drawn up. (Source: PTI)

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Steps to re-vitalise PPPs: Public Utility (Resolution of Disputes) Bill will be introduced during 2016-17. Guidelines for renegotiation of PPP Concession Agreements will be issued. New credit rating system for infrastructure projects to be introduced. (Source: PTI)