Finance Minister Proposes ₹ 200 Crore for Power Reforms and ₹ 500 Crore for Water Reforms to Make Delhi a World Class City

The Union Finance Minister Shri Arun Jaitley proposes ₹ 200 crore for power reforms and ₹ 500 crore for water reforms to make Delhi a truly World Class City. Making his maiden Budget Speech in Lok Sabha today, the Finance Minister announced that ₹ 50 crore is being provided to solve the long term water supply issues to the capital region. For that construction of long pending Renuka Dam would be taken up on priority, the Minister added.

For Andaman and Nicobar Island, Shri Jaitley announced that ₹ 150 crore are being provided to tide over communication related problems of the Island. ₹ 188 crore has been set aside for Puducherry for meeting commitments for Disaster preparedness, he added.

Announcing proposals for Kashmiri people, the Finance Minister highlighted in his budget speech that ₹ 500 crore will be provided to support Kashmiri migrants for rebuilding their lives.

Also in the current financial year, an initial outlay of ₹ 100 crore has been provided to set-up a National Centre for Himalayan Studies in Uttarakhand to increase the capacity in the country for Himalayan Studies, the Finance Minister announced.

Shri Jaitley also announced during his maiden Budget Speech that it is proposed to set up the National Academy for Customs and Excise at Hindupur in Andhra Pradesh.