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Friday 21 February 2014

'Infra investment down from FY11; govt taking steps to boost it'

New Delhi: Government has taken various steps such as formation of CCI and introduction of tax-free bonds to boost investment in infrastructure projects that has declined since 2010-11, Parliament was informed Wednesday.

The investment was at Rs 5.76 lakh crore in 2012-13 (provisional) and Rs 5.60 lakh crore in 2011-12, down from Rs 6.45 lakh crore in 2010-11, Minister of State, Parliamentary Affairs and Planning, Rajeev Shukla said in a written reply to the Lok Sabha.

Shukla said a Cabinet Committee on Investment (CCI) was constituted in early 2013 to fast track key projects worth over Rs 1,000 crore. To read more please visit - zeenews.com

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