banking services chronicle current affairs

 banking services chronicle current affairs

banking services chronicle current affairs Published this articles page no  As on 31stDecember,2018, total 2,563 projects worth Rs 1,02,027 crore have been tendered; out of this1,842 projects worth about Rs.59,336 crores are under implementation. Most of them will be completed in the next 18 months. Work has been completed in 587 projects worth over Rs 10,817 crore. In October, 2017, the number of projects tendered was worth Rs 21,760 crore, which has increased by more than 300 per cent, Work Order had been issued for projects worth Rs.11,460 in October, 2017; this has increased by around 400 per cent. As more and more projects get implemented, we will notice increased impact on the lives of the citizens. Way forward At the start of the mission, one of the biggest challenges was to create an institutional framework at city level. It is for the first time that city level SPVs have been created for comprehensive urban development in India. Now, these cities have to build capacity at city level to take up innovative technology solutions A major challenge is to build urban finance capacities in order for cities to be able to leverage grants being provided by the governments. Innovative required. The cities have taken the first step by leveraging the government grant by 2 - 2 1⁄2 times (average) in their Smart City Proposals (SCPs). banking services chronicle current affairs

banking services chronicle current affairs