Data storage, energy solutions get infra status
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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