GST collections see 8.9 pc YoY growth at Rs 1.87 lakh crore in October
It is the eighth consecutive month when GST collections stayed above the Rs 1.7 lakh crore mark.
Delhi Chief Minister Arvind Kejriwal on Thursday expressed disappointment at Arun Jaitley’s Union Budget 2018-19, saying “Centre continues its step-motherly treatment to Delhi”.
Kejriwal took to Twitter, saying “I had expected some financial assistance to important infrastructure projects for national capital. Am disappointed that Centre continues its step-motherly treatment to Delhi”.
I had expected some financial assistance to important infrastructure projects for national capital. Am disappointed that Centre continues its step-motherly treatment to Delhi
Advertisement
— Arvind Kejriwal (@ArvindKejriwal) February 1, 2018
Finance Minister Arun Jaitley on Thursday proposed to hike the allocation made on infrastructure for 2018-19 by over 20 per cent to Rs 5.97-lakh crore.
“In order to create employment and aid growth, government’s estimated budgetary and extra budgetary expenditure on infrastructure for 2018-19 is being increased to Rs 5.97 lakh crore against estimated expenditure of Rs 4.94 lakh crore in 2017-18,” Jaitley said in his Budget speech.
According to Jaitley, “infrastructure is the growth driver of economy” and that the country required massive investments in excess of Rs 50-lakh crore in infrastructure to increase GDP growth.
“We have made an all-time high allocation to rail and road sectors. We are committed to further enhance public investment. Provision of key linkages like coal for power, power for railways and railway rakes for coal have been rationalized and made very efficient,” Jaitley said.
Advertisement
