Government Initiatives- In order to help the private sector companies, thrive in the industry, the government has been approving their investment schemes. Some such initiatives by the government in the recent past are as follows: In Union Budget 2020-21, the Government of India has extended benefits under Section 80 - IBA of the Income Tax Act till March 31, 2020 to promote affordable housing in India. The Union Budget has allocated Rs 139 billion (US$ 1.93 billion) for Urban Rejuvenation Mission: AMRUT and Smart Cities Mission. Government’s infrastructure push combined with housing for all, Smart Cities Mission and Swachh Bharat Abhiyan is going to boost cement demand in the country. The move is expected to boost the demand of cement from the housing segment. As per Union Budget 2019-20, Government is expected to upgrade 1,25,000 kms of road length over the next five years. An outlay of Rs 27,500 crore (US$ 3.93 billion) has been allotted under Pradhan Mantri Awas Yojana in Union Budget 2020-21. #govtinitiative #governmentofindia🇮🇳 #budget2020india #unionbudget2020 #trendingnews #viralnews #pradhanmantriawasyojana #ruraldevelopement #economy #gdp #ındıaneconomy #developement #corona #covıd19 #lockdown2020 https://www.instagram.com/p/CB20PZ8jRpb/?igshid=m3kv4cwri01d
