7 hours Ago By Team TOI
The Budget proposes an Urban Challenge Fund (UCF) of Rs 1 lakh crore to encourage states to think innovatively towards attaining sustainable urbanisation and redevelopment goals in existing cities. The grant is expected to infuse around Rs 4 lakh crore for infrastructure development , achieving saturation and implementing redevelopment projects . Videos 03:48 Budget 2025 Cheaper & Costlier: Mobile Phones, EV Batteries, Leather Items & Medicines 12 hours ago 01:15:00 Budget 2025 Highlights: Major Tax Changes, FDI Raised To 100% In Insurance | FM's Full Speech 13 hours ago 05:39 Big Budget 2025 Bonanza For Middle Class; New Bill & Slabs, No Tax Till ₹12 Lakh Income | Watch 15 hours ago 03:03 Budget 2025: FM Nirmala Bolsters India's Nuclear Energy Sector; 5 Reactors In Just 8 Years | Watch 15 hours ago 02:20 Budget 2025: FM Nirmala's Big Healthcare Announcements: Daycare Cancer Centres & More 16 hours ago 58:58 President Droupadi Murmu's Mega Address To Joint Parliament Session | Budget 2025 1 day ago 01:13 Budget Session 2025: FM Nirmala Sitharaman Tables Economic Survey | Watch 1 day ago 12:02 Budget Session 2025: PM Narendra Modi Takes A Dig At ‘Shararati’ Opposition 1 day ago 03:21 'Don't Give Me Gyaan': Blistering Faceoff Between Akhilesh Yadav & Anurag Thakur In Lok Sabha 186 days ago 06:57 Rahul Gandhi Vs Om Birla: Five Big Moments Of Fiery Faceoff & Jibes | Watch 186 days ago 1 2 3 4 5 6 "This fund will finance up to 25% of the cost of bankable projects with a stipulation that at least 50% of the cost is funded from bonds, bank loans and PPPs.
Budget 2025 Updates New vs old income tax regime after Budget 2025: Post income tax slab changes, which tax regime is better for salaried middle class taxpayers? Latest income tax slabs FY 2025-26 Income Tax Slabs Budget 2025 Live Updates: No income tax up to Rs 12 lakh income An allocation of Rs 10,000 crore is proposed for 2025-'26," FM Nirmala Sitharaman said in her speech. UCF would help implement proposals for 'Cities as Growth Hubs', 'Creative Redevelopment of Cities' and 'Water and Sanitation' proposals, the FM said. In the first year itself, cities that qualify would have to fund another Rs 30,000 crore for projects that would be identified, a source stated, adding that the grant would be for both new and existing cities.
Persuading states to take innovative steps towards intensive urban development by improving physical and social infrastructure has become urgent, considering that most cities, including Tier-2 and -3 ones, have witnessed unregulated growth, with inefficient use of land that is already scarce. TOI had first reported on Jan 13 that Prime Minister Narendra Modi, while reviewing the urban development sector, had tasked officials to focus more on creating facilities, amenities and better transport networks in zones in cities that naturally attract people and businesses, than develop new cities that push horizontal growth. Get real-time updates on Budget 2025 and Income Tax Slabs on Times of India .
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