CURRENT AFFAIRS

Detailed explanation-1: -To approve nearly 10, 000 kms of National Highways in 2016-17. Allocation of ‘ 55, 000 crore in the Budget for Roads. Additional ‘ 15, 000 crore to be raised by NHAI through bonds.

Detailed explanation-2: -Out of the total Rs 2.7 lakh crore, the National Highways Authority of India (NHAI) has been allocated around Rs 1.62 lakh crore as part of MoRTH’s capital expenditure plan for 2023-24, a 21 percent increase compared to 2022-2023, when it was allocated Rs 1.34 lakh crore.

Detailed explanation-3: -An analysis by Fortune India shows ₹26, 63, 362 crore outlay for capital expenditure in past five years (against ₹11, 49, 179 crore in previous five years). Of this, highway ministry (₹5, 63, 622 crore) and railway ministry (₹4, 88, 097 crore) accounted for ₹10, 51, 719 crore.

Detailed explanation-4: -The total expenditure for roads is ₹2, 54, 108 crore, said the senior official. The money needed over and above the budgetary support will come from private sector investments. According to the Finance Minister, ₹20, 000 crore will be raised through “innovative ways of financing to complement the public resources”.

Detailed explanation-5: -Budget Estimates 2016-17 Total expenditure estimated at Rs 19.78 lakh crore (US$ 289 billion), an increase of 10.8 per cent over previous year. Non-plan expenditure estimated to increase by 9.1 per cent to reach Rs 14.28 lakh crore (US$ 208.6 billion).