7 Infrastructure Projects for Finance Ministry Launched

  • Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman launched seven infrastructure projects worth over Rs. 1,000 Crore from New Delhi. 
  • The launch was attended by various officials including Shri Sanjay Malhotra, Secretary of the Department of Revenue, Dr. Vivek Joshi, Chairman of Central Board of Direct Taxes, Shri Sanjay Kumar Agarwal, Chairman of Central Board of Indirect Taxes and Customs, Shri M.P. Tangirala, Add. Secretary, DFS, Shri Dinesh Khara, Chairman of State Bank of India, and Ministry of Finance senior officials. 
  • Sitharaman emphasized the importance of timely and successful completion of projects. 
  • She urged officials to perform their duties diligently toward nation-building in Amrit Kaal. 
  • The new buildings will be state-of-the-art and modern, conforming to the latest GRIHA 3 parameters. 
  • The residential campus, CITRA Heights, will cater to the accommodation needs of officers of CBIC stationed at Delhi. 
  • The project is spread over 17800 square meters and will cater to the accommodation needs of the officers of CBIC stationed at Delhi.


Infrastructure Initiatives in India


  • Union Finance Minister Nirmala Sitharaman inaugurated the Departmental Residential Complex for the Central Board of Indirect Taxes and Customs (CBIC) at Sector-9, Dwarka, and New Delhi. 
  • The complex provides housing for middle and senior-level officers of the Department. 
  • The Departmental Residential Complex also houses the Income Tax Department in Faridabad. 
  • State Bank of India’s new local head office building, Life Insurance Corporation of India’s International Business Centre building, and Canara Bank’s IFSC Banking Unit were inaugurated at GIFT City, Gandhinagar, Gujarat. 
  • The United India Insurance Company Ltd.’s new head office building was inaugurated in Chennai. 
  • The infrastructure initiatives aim to boost business activities in GIFT City and provide a state-of-the-art headquarters building for better customer service.
Posted in Current Affairs.