{"id":4269,"date":"2013-03-03T13:43:07","date_gmt":"2013-03-03T13:43:07","guid":{"rendered":"http:\/\/www.bangalorefirst.in\/?p=4269"},"modified":"2013-03-03T13:45:50","modified_gmt":"2013-03-03T13:45:50","slug":"bengaluru-at-heart-of-corridors-of-growth","status":"publish","type":"post","link":"https:\/\/www.bangalorefirst.in\/?p=4269","title":{"rendered":"Bengaluru at heart of corridors of growth"},"content":{"rendered":"

\"pcBF03mar2013\"<\/a><\/p>\n

New Delhi:<\/strong><\/p>\n

\u00a0<\/strong>Buoyed by rapid progress of the Delhi Mumbai Industrial Corridor (DMIC) project, the government on Thursday said work\u00a0on two more industrial\u00a0corridors between Bengaluru and Chennai\u00a0and Bengaluru and Mumbai have started.<\/p>\n

Finance minister P Chid\u00ada\u00admbaram said in his budget speech that the Department of Industrial Policy and Promotion (DIPP) and the Japan International Coope\u00adr\u00adation Agency (JICA) were currently preparing a comprehensive plan for the Che\u00adn\u00adnai-Bengaluru Industrial Corridor.<\/p>\n

The corridor wo\u00aduld\u00a0be developed in collaboration with the governments of Tamil Nadu, Andhra Pradesh and Karnataka,\u00a0he said, adding also preparatory work on the next\u00a0corridor, Bengaluru-Mumbai Ind\u00adu\u00adstrial Corridor, has begun.<\/p>\n

Chidambaram said that DMIC project has made rapid progress and plans for seven new cities on the corridor have been finalised.<\/p>\n

Acknowledging the\u00a0support of the Japanese government, the Finance Minister said, \u201cIn order\u00a0to dispel any doubt\u00a0about funding, the Government would provide, if required, additional\u00a0funds during 2013-14 from its share in the overall outlay for the project.\u201d<\/p>\n

Karnataka\u2019s share\u00a0will come down:\u00a0Jagadish Shettar<\/strong><\/p>\n

The Union Budget presented by Finance minister P. Chidambaram is a lackluster one without any effective measures to revive the sluggish economy of the country. It is anti-growth and anti-development. The economy is facing stagnation following global financial downturn.<\/p>\n

The growth of agriculture, manufacturing and service sectors has declined and employment opportunities have reduced. In this background, it was expected that the Union Finance Minister would include necessary schemes and programmes to revive the economy, but this expectation has not been fulfilled.<\/p>\n

Due attention has not been given to improve basic infrastructure. We had sought Central support to improve the infrastructure of Bengaluru, but nothing has been forthcoming. During the current financial year, the State\u2019s share in Central taxes is indicated to come down by 3.4%. As a result, Karnataka will get Rs 400 crore less than the budget estimates in financial year 2012-13.<\/p>\n

Further, Central assistance for State plan is expected to come down by Rs 18,000 crore, which is 14% of the Budget estimates. As a result, Karnataka will get Rs 1,000 crore less than the budget estimates in FY 2012-13.<\/p>\n

No fresh funds have been released for the last three years under PMGSY scheme to States like Karnataka which have successfully implemented it.<\/p>\n

source: http:\/\/www.DeccanChronicle.com \/ Home> News> Current Affairs \/ by DC \/ March 01st, 2013<\/p>\n","protected":false},"excerpt":{"rendered":"

New Delhi: \u00a0Buoyed by rapid progress of the Delhi Mumbai Industrial Corridor (DMIC) project, the government on Thursday said work\u00a0on two more industrial\u00a0corridors between Bengaluru and Chennai\u00a0and Bengaluru and Mumbai have started. Finance minister P Chid\u00ada\u00admbaram said in his budget speech that the Department of Industrial Policy and Promotion (DIPP) and the Japan International Coope\u00adr\u00adation … Continue reading Bengaluru at heart of corridors of growth<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-4269","post","type-post","status-publish","format-standard","hentry","category-business-economy"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.bangalorefirst.in\/index.php?rest_route=\/wp\/v2\/posts\/4269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bangalorefirst.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bangalorefirst.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bangalorefirst.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bangalorefirst.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4269"}],"version-history":[{"count":3,"href":"https:\/\/www.bangalorefirst.in\/index.php?rest_route=\/wp\/v2\/posts\/4269\/revisions"}],"predecessor-version":[{"id":4270,"href":"https:\/\/www.bangalorefirst.in\/index.php?rest_route=\/wp\/v2\/posts\/4269\/revisions\/4270"}],"wp:attachment":[{"href":"https:\/\/www.bangalorefirst.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bangalorefirst.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bangalorefirst.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}