BANKING AFFAIRS

Detailed explanation-1: -Budget 2014: Rs 200 crore allocated for Sardar Patel’s Statue of Unity. The budget sets aside Rs 200 crore for Modi’s dream project-the Statue of Unity-his tribute to Sardar Patel, that according to him, will stand tall and force the world to look at India.

Detailed explanation-2: -The colossal 182 metre-tall statue of Sardar Patel is situated on an island on the Narmada river near Kevadia, around 100 km south-east of Vadodara city of Gujarat. Built at a cost of nearly Rs 3, 000 crore, the landmark statue was designed by sculptor Ram V.

Detailed explanation-3: -In conclusion, the claim that the Statue of Unity earned thrice the average annual revenue of Taj Mahal is false and misleading. Rs 80.65 crore generated by Statue of Unity is definitely not the thrice amount of Rs 61.4 crore, which is the average annual revenue of Taj Mahal for the last three years.

Detailed explanation-4: -GANDHINAGAR: Statue of Unity, expected to be the world’s tallest statue, will cost around Rs 3, 000 crore. The statue being build in the state in the memory of Sardar . Vallabhbhai Patel will be inaugurated by Prime Minister Narendra Modi on October 31, to mark Patel’s birth anniversary.