Union Budget 2013: 26 percent hike for urban development ministry

Source : IANS
Last Updated: Thu, Feb 28, 2013 12:37 hrs
Budget: Foreign investment encouraged

The allocation for the urban development ministry has been increased by 26 percent in 2013-14 at $1,547 million, Finance Minister P. Chidambaram said Thursday while presenting the budget in the Lok Sabha.

In 2012-13, the ministry had received $1,300 million.

Of the allocation, Rs.8,296.74 crore ($1,547 million), Rs.7,312.50 crore has been been earmarked as plan expenditure and Rs.984.24 crore as non-plan expenditure.

The allocation for the Jawaharlal Nehru National Urban Renewal Mission has been increased from Rs.22.70 crore in 2012-13 to Rs.55 crore in 2013-14, while Rs.1,646 crore has been set apart for for water supply and sanitation.

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