Data storage, energy solutions get infra status

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February 01, 2022 12:17

Among other announcements made by Finance Minister Sitharaman are:

For 2022-23, allocation is Rs 1 lakh cr to assist the states in catalysing overall investments in economy. These 50-yr interest-free loans are over and above normal borrowings allowed to states. It will be used for PM Gati Shakti-related ad other productive capital investments of states
4 pilot projects for coal gasification to be set up
Measures will be taken to step up private capital in infra sector
Data centre and energy storage system to be given infrastructure status; move to provide easy financing
Sovereign green bonds to be issued to mobilise resources as part of govt's borrowing programme
World-class university to be allowed in GIFT IFSC free from domestic regulation
International arbitration centre will be set up in GIFT city to provide faster dispute resolution

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