National capital region to get Rs.2,700-cr as development fund

New Delhi, Nov 11

The government Wednesday said it will provide Rs.2,700 crore for the development of the national capital region (NCR).

"The NCR Planning Board has agreed to provide a total financial assistance of Rs.2,700 crore for 2009-10 and 2010-11," Urban Development Minister S. Jaipal Reddy said here at the 31st annual meeting of the board.

The board has also decided to raise Rs.8,000 crore from the Asian Development Bank (ADB), the World Bank and the domestic capital market for meeting the investment target of Rs.15,000 crore during the 11th plan period that ends in 2012.

Highlighting the decision taken at the board meeting, Reddy said the revised budget of the board for the current year and for the next year had also been approved.

The board has also cleared the inclusion of three more towns -- Ambala in Haryana, Kanpur in Uttar Pradesh and Dehradun in Uttarakhand -- into the group of the "counter- magnet cities" to reduce the burden on Delhi, which is a "magnet city".

The five existing counter-magnet cities are Hissar, Bareilly, Kota, Gwalior and Patiala.

Last updated on Nov 11^th, 2009 at 19:21 pm IST--IANS

Possibly related news:

Other News Headlines

Toyota recalls Prius, three other car models

Tokyo, Feb 9

Toyota Motor said Tuesday it would recall about 437,000 vehicles globally to fix a faulty braking system in its top-selling Prius and three other hybrid models, the latest in a series of recalls threatening the reputation of the world's largest carmaker.

UAE, Poland strengthen economic ties

Abu Dhabi, Feb 9

The United Arab Emirates (UAE) and Poland have increased bilateral economic cooperation following the visit of a UAE delegation to Poland, WAM news agency reported Tuesday.

India needs a seed policy: Jairam Ramesh

New Delhi, Feb 9

Environment and Forests Minister Jairam Ramesh Tuesday said India needs to have a seed policy and the country's agriculture should not be dependent on the private sector seed industry.

Delhi Metro services affected for one hour

New Delhi, Feb 9

Delhi Metro train services were affected Tuesday on Line-2, between Central Secretariat and Jehangirpuri, for one hour after a tree fell on the overhead electrification wire near the Chhatrasal stadium.

Delhi shoppers, shopkeepers prefer Bt Brinjal shunned

New Delhi, Feb 9

A sentiment against BT Brinjal was apparent among the shoppers and vegetable vendors in the capital Tuesday when Environment and Forest Minister Jairam Ramesh announced commercial cultivation of the genetically modified crop would not be allowed yet.

Enter Your Name and Email below and Post your comment
Name	Email:
Comment:

Please login to use this service
Usermame :
Password :
Quick signup \| Forgot Password