Apt focus on power, water

  • 09/07/2004

  • Business Line (New Delhi)

While the Budget 2004-05 broadly lays emphasis on such critical areas as agriculture and fiscal aspects, it has at the same time, clearly recognised infrastructure as an important ingredient for growth. The intent of 'Electricity for all' and 'Drinking water for all' are clearly the highlights. One of the key policy initiatives likely to boost activities in power and water sectors is the proposed Inter-Institutional Group, a consortium of banks with a planned corpus of Rs 40,000 crore, for financing infrastructure projects.