 "Budget Byte: Expenditure on urban projects needs to reach pre-Covid levels")
Rising Capex towards urban projects slowed in FY21 till now
The government’s spending on urban development is majorly on metro projects (capital expenditure), housing for the underprivileged, and the urban renewal projects. Nearly half of the ministry spending is productive capex. But in the current financial year, the flow towards capex has slowed down a bit, due to the need to spend financial resources elsewhere.
Big Hindi heartland states have spent most efficiently on Smart Cities projects
The Smart Cities mission was instituted to bring in investments in cities, which are undoubtedly the engines of growth. But against the work orders of over Rs 1 trillion issued to date, project to the tune of Rs 29,000 crore (27%) are complete (Sep 2020). But urbanisation varies across states. MP and UP lead in per capita spending under the initiative
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%