According to the Union Budget for 2024-25, India continues to lay the emphasis on infrastructure – transport and urban, releasing ₹11.11 lakh crore for capital spending or 3.4% of the GDP. Major Infrastructure Projects: - Transportation: - Pradhan Mantri Gram Sadak Yojana (PMGSY) Phase IV: DesignedRead more
According to the Union Budget for 2024-25, India continues to lay the emphasis on infrastructure – transport and urban, releasing ₹11.11 lakh crore for capital spending or 3.4% of the GDP.
Major Infrastructure Projects:
– Transportation:
– Pradhan Mantri Gram Sadak Yojana (PMGSY) Phase IV: Designed to establish an all-weather transport link to a current 25,000 eligible rural habitation arising from the population factors.
– Urban Development:
– Transit-Oriented Development Plans: Preparing specific strategies in 14 large metropolitan areas with populations more than 3 million with regards to land use and transport to handle the problem of the sustainable development of urban areas.
– Urban Housing: An outlay of ₹2.2 lakh crore for improving urban infrastructure including housing over the next five and more financial help in the form of interest subsidies to support affordable housing loans.
-Water Supply and Sanitation: Partnership with state governments and multilateral development banks, in water supply, sewage treatment and solid waste management projects in 100 large cities via bankable projects.
Funding Mechanisms:
– Long-Term Interest-Free Loans to States: Allocationing ₹ 1.5 lakh crore for promoting the state-level investments in infrastructures encouraging the cooperative federalism in developmental sector.
– Private Sector Participation: To facilitate private investment in the infrastructure sector by encouraging measures such as viability gap funding, enabling policies & regulations for market based financing of infrastructure projects.
– Fiscal Support: The large capital outlay is backed by a receipt from the Reserve Bank of India to ensure the government sustains robust fiscal support for infrastructure in the period up to the Financial Year 2019- 20.
The aforementioned efforts depict a global framework on infrastructure advancement; with the principal goal of boosting economic development, transport connections and standards of living of inhabitants in India’s urban structures.
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Government Role in Olympic Organisation: Although the host state government is not a party to the official agreements between the International Olympic Committee (IOC), the National Olympic Committees (NOCs), and the International Sports Federations (IFs), it plays a very central role of propitiousRead more
Government Role in Olympic Organisation:
Although the host state government is not a party to the official agreements between the International Olympic Committee (IOC), the National Olympic Committees (NOCs), and the International Sports Federations (IFs), it plays a very central role of propitious force and financial contribution with media, particularly on the organization of the Games.
Infrastructure Development:
Governments must, from time to time, invest hugely in constructing new sports venues, the rehabilitation of transport services are the remodeling of athlete occupation and recreational residential rooms.
Public Security and Services:
Government also takes responsibility for the physical defense of players, officials, and the spectators so they provide the force of security, health services, and emergency systems.
Financial help:
The government funds the organizing committee through fund allocations, subsidies, and tax exemptions operationalizing the expenditures of the Games.
Legal and Policy Framework:
Where a host country wants to organize the Games, the government liberalizes its policy, makes visa quick procedures and employs specific laws for organizing the Games.
Advertising and Tourism:
A strategically important tool used by governments is the increase importance given to the Games, promoting tourism, boosting the international image of the country, and spurring economic growth.
Although the IOC is the instrument of invitation to the NOCs and the overall direction for the games, the host-country government has the burden of providing the essential support for logistics, finance, and administration to ensure the success of the event.
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