February 1, 2023
1 min read

Govt to setup 50 additional airports, water aerodromes

This move is expected to further push the ongoing UDAN scheme which aims to improve regional connectivity across the country…report Asian Lite News

During the Union Budget speech in the House, Union Finance Minister Nirmala Sitharaman on Wednesday announced that 50 additional airports, helipads, water aerodromes, and advanced landing grounds will be revived to improve regional air connectivity in the country.

“50 additional airports, helipads, water aerodromes, and advanced landing grounds will be revived to improve regional air connectivity,” informed Sitharaman in Lok Sabha. Sitharaman started her Budget speech at 11 am, the last full Budget of the Modi government in its second term. Like the previous two Union Budgets, Union Budget 2023-24 is also presented in paperless form.

This move is expected to further push the ongoing UDAN scheme which aims to improve regional connectivity across the country. “50 additional airports, aerodromes and helipads as well as water routes would be built to enhance connectivity,” Sitharaman said.

This year’s Budget holds much significance as the country is scheduled to have the next Lok Sabha election in April-May 2024.

As per established tradition, Finance Minister Nirmala Sitharaman along with ministers of state Pankaj Chaudhary and Bhagwat Karad and Finance Secretary T V Somanathan called on President Droupadi Murmu.

This is the fifth budget presentation by Sitharaman.

The budget session of the Parliament began on Tuesday with President’s address, subsequently tabling the Economic Survey for 2022-23. The formal exercise to prepare the annual Budget for the next financial year (2023-24) commenced on October 10.

The Economic Survey, tabled in the Parliament on Tuesday, noted India’s GDP is expected to grow in the range of 6 to 6.8 per cent in the coming financial year 2023-24. This is in comparison to the estimated 7 per cent this fiscal and 8.7 per cent in 2021-22. (ANI)

ALSO READ: New fund to boost agri start-ups by youngsters

Previous Story

Govt allocates 15,000 cr for tribal development

Next Story

Data embassies to be established for digital continuity

Previous Story

Govt allocates 15,000 cr for tribal development

Next Story

Data embassies to be established for digital continuity

Latest from Business

Google announces $15 billion investment in Malaysia

The investment will fund new data centres, support more than 37,000 jobs annually during construction and strengthen Malaysia’s position as a regional AI and technology hub….reports Asian Lite News Desk Google has

AI bubble fears grow as Gita Gopinath flags risks

Former IMF chief economist Gita Gopinath has warned that the global AI investment boom could face a significant correction as companies struggle to justify soaring valuations and massive spending….reports Asian Lite News

Ambani’s Jio launches $3.2bn share sale in India

Jio Platforms, the digital and telecommunications business controlled by Mukesh Ambani’s Reliance Industries, has launched a $3.2 billion initial public offering, expected to become India’s largest share sale. The offering comes amid

Cyber Chiefs Urge Urgent PHP Security Update

Cybersecurity agencies in the UK, EU and Australia have warned organisations to install critical PHP security fixes immediately or consider taking vulnerable websites offline amid reports of emerging attacks, reports Asianlite News
Go toTop

Don't Miss

5G boom continues in India

The smartphone subscriptions in India, as a percentage of total

SpiceJet MD booked for cheating, company calls it ‘bogus’

The Complainant is in the business of providing non-aeronautical services