FM allocates Rs. 7060 crores for smart cities
Announcing his maiden budget speech in the Parliament, Jaitley said Prime Minister Narendra Modi has a vision of developing one hundred ‘smart cities’ as satellite towns of larger cities and by modernizing the existing mid-sized cities.
The Finance Minister said that with development reaching an increasingly large number of people, the pace of migration from the rural areas to the cities is increasing.
The new cities should be developed to accommodate the burgeoning number of people. Otherwise, the existing cities would soon become unlivable.
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