Increasing urbanization will impact infrastructure: PM

Chandigarh, Sep 14 (IANS) Prime Minister Manmohan Singh Saturday said that urbanization was going to increase in the country and this would put more pressure on basic urban infrastructure.

In his address after handing over documents and keys to 10 flats to beneficiaries in a housing colony in Dhanas area under the city's slum rehabilitation scheme, the prime minister said that slums in the country reflect the problems that urbanization creates.

"In India, urbanization will increase rapidly in coming years. In 1971, our country's urban population was 11 crore. From 1971 to 2011, within 40 years, there has been an increase of 27 crore in urban population," Manmohan Singh said.

"In the next 20 years, urbanization will increase much faster. It is expected, to increase of 22 crore more (people)," he said.

Calling for making the country free from slums, the prime minister hoped that Chandigarh would soon become India's "first slum-free city".

Complimenting the authorities for constructing the flats, he said the rehabilitation scheme will help make Chandigarh slum-free.

"I hope Chandigarh becomes India's first slum-free city soon," Manmohan Singh said.

The prime minister arrived here Saturday to hand over keys to newly-built flats to slum dwellers.

A total of 8,448 flats will be handed over to slum dwellers as part of the scheme. Built under the Jawaharlal Nehru National Urban Renewable Mission (JNNURM) by the Chandigarh Housing Board, the flats will accommodate over 40,000 people.

"We have over 10 crore people living in slums across the country. Urban centres are under pressure from rapid urbanisation," Manmohan Singh said.

Punjab Governor Shivraj Patil, Haryana Governor Jagannath Pahadia, Punjab Chief Minister Parkash Singh Badal and Haryana Chief Minister Bhupinder Singh Hooda accompanied the prime minister to the site.

The union housing and urban poverty alleviation ministry has approved construction of around 25,000 flats for rehabilitation of the slum-dwellers in Chandigarh.

Chandigarh, the joint capital of Punjab and Haryana, is a 114-square-km union territory. It was conceived and built in the 1950s to showcase a modern, resurgent India.

In her address, union Housing and Urban Poverty Alleviation Minister Girija Vyas said: "A slum-free Chandigarh is a milestone in the long journey of a slum-free India."

Quiz: How well do you know India's economy?

Question 1

Which of these products is India the world's largest producer of?

Poll Choice Options
  • Wheat
  • Rice
  • Milk
1
2
3
4
5
6
7
8
9
10

Latest News

  • Foreign flows, earnings loom over shares

    Reuters Market Eye - Foreign flows and January-March earnings will continue to set direction for markets, as India's five-week long election continues, including voting in Mumbai scheduled for April 24. ... …

  • Piramal buys 20 percent stake in Shriram Capital

    Mumbai, April 17 (IANS) Ajay Piramal-led Piramal Enterprises Thursday said it has agreed to buy 20 percent equity stake in Shriram Capital, the financial services arm of the Chennai-based Shriram Group, ... …

  • Bonds rally; RBI raises $3.3 billion in record auction
    Bonds rally; RBI raises $3.3 billion in record auction

    Government bonds jumped on Thursday, recovering from two sessions of falls, after the RBI fully sold the 200 billion rupees ($3.31 billion) worth of debt on offer, accomplishing the country's biggest-ever auction. Concerns about how India would accomplish the debt sale had hit bonds this week, while holidays on Monday and Friday left only three trading sessions. These two factors will likely remain key in the markets as the Reserve Bank of India will not set policy until early June. …

  • 'Four-year undergrad programmes need of the hour'

    New Delhi, April 17 (IANS) Ashoka University, a philanthropic higher-education initiative of a group of entrepreneurs and business leaders, is set to open its doors in August with four-year undergraduate programmes in the liberal arts. Similar term courses in Delhi University have led to widespread resentment and criticism. According to founders of the new institution, the undergraduate programmes of Ashoka University are broadly based on the US liberal education system and would be of the …

  • Sensex gains nearly 1.5 pct; banks, IT stocks lead
    Sensex gains nearly 1.5 pct; banks, IT stocks lead

    Reuters Market Eye - The BSE Sensex gains 1.4 percent and the broader Nifty is up 1.36 percent, snapping a three-day losing streak. Banking stocks gained on value-buying. State Bank of India gained 2.51 ... …

IN-DEPTH ANALYSIS & INTERVIEWS

  • This might well be India’s biggest Ponzi scam

    It was just too good to be true. Ashok Khital, 45, displays every symptom of a man who knows he's been conned. …

  • India's star studded football league

    High and mighty including Sachin, Salman & Sun Group buy ISL teams …

  • Leaderspeak with Rajesh Janey

    Rajesh Janey, President - India & SAARC, EMC shares many firsts in his life. …

  • Power Hungry

    Gujarat has power round-the-clock. Most other states do not. Why this will matter in the general elections. …

  • Etcetera

    The most keenly watched contest of the current general election will be the one for the Varanasi parliamentary seat, where the Bharatiya Janata Party's prime ministerial hopeful Narendra Modi squares off ... …

  • Economy vs Democracy

    As the country gets election fever, cash comes out of mattresses and turns into liquor, gifts, and food. But it is not bad for the health of the economy, reports Sarika Malhotra from the trenches. …

  • Bracing for Challenges

    Raghuram Rajan is preparing to deal with concerns that may arise when a new government takes charge. …

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    16.59+0.95+6.07%
    UNITECH.BO
    73.80+3.00+4.24%
    HDIL.BO
    13.35+0.24+1.83%
    SUZLON.BO
    730.00+4.75+0.65%
    HDFCBANKSL.BO
    106.95-2.70-2.46%
    FRL.BO
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
    12.60+2.10+20.00%
    AGRIMONY.BO
    242.50+40.40+19.99%
    ACRYSIL.BO
    83.50+13.90+19.97%
    SICAL.BO
    46.00+7.65+19.95%
    SHRGLTR.BO
    65.25+10.85+19.94%
    AHLUCONT.BO
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg
    -10.61-100.00%
    DHAMPURE.BO
    -22.00-100.00%
    EMAINDIA.BO
    -13.20-100.00%
    FEINDIALTD.BO
    -26.95-100.00%
    GMETCOAL.BO
    -10.89-100.00%
    GODAVARI.BO
  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.