CURRENT AFFAIRS

Detailed explanation-1: -Investments totaling Rs. 75,000 crores (Rs. 15,000 crores from private sources) will be made in 100 vital transportation infrastructure projects to provide last and first mile connectivity for the coal, ports, food grain, steel, and fertiliser grains sectors.

Detailed explanation-2: -For financial year 2021, the proportion of infrastructure investments to the gross domestic product (GDP) was estimated to be nearly four percent.

Detailed explanation-3: -Allocations for the scheme increased by 71% from Rs 76,000 crore ($9.2 billion) in the revised estimates for 2022-23 to Rs 1,30,000 crore ($15.8 billion) in the budget estimates for 2023-24.

Detailed explanation-4: -2022. The Department of Economic Affairs (DEA), Ministry of Finance, Government of India, notifies Scheme for Financial Support for Project Development Expenses of PPP Projects – India Infrastructure Project Development Fund Scheme (IIPDF Scheme) on 03.11. 2022.

Detailed explanation-5: -"Keeping this objective in view, National Infrastructure Pipeline (NIP) was launched with projected infrastructure investment of around Rs 111 lakh crore (USD 1.5 trillions) during FY2020-2025 to provide world-class infrastructure across the country, and improve the quality of life for all citizens,” it said.