weather_iconAshburn | 12.82 °C | AQI 63
Wednesday, 11 December, 2024

---Advertisement---

Delhi/NCR

Good News For Noida Residents! UP Cabinet Approves Metro Route Extension – Check Key Details

UP Finance Minister Suresh Khanna said that the distance for the extension of the Aqua Line would be 17.435 km long. The project will receive a contribution of Rs 394 crore from the central and state government.

Noida Metro Aqua Line Extension
Noida Metro Aqua Line Extension

Uttar Pradesh: In a major enhancement of urban connectivity, the Uttar Pradesh Cabinet on Friday approved the detailed project report of the extension of the Noida Metro Aqua Line from Sector 51 to Greater Noida Knowledge Park – 20.

During a Cabinet meeting chaired by Chief Minister Yogi Adityanath, the state government announced that the cost of the project is estimated at Rs 2,991.60 crore.

---Advertisement---

“The implementation of the project will facilitate transportation and generate direct/indirect employment opportunities,” the statement read.

UP Finance Minister Suresh Khanna said that the distance for the extension of the Aqua Line would be 17.435 km long. The project will receive a contribution of Rs 394 crore from the central and state government.

The Noida Authority would provide 40 percent of the funds, while the Greater Noida Authority would give 60 percent of the funds, reports added. Additionally, the Cabinet has given a nod to the inclusion of 80 villages within the Kanpur Development Authority’s limits.

Also Read: Elon Musk Lauds India For Counting 640 Million Votes In A Day, Slams California – Here’s What He Said

Key Details Of The Project

Urban Area Expansion: Rs 3,000 crore was cleared for the expansion of urban areas in Uttar Pradesh. Land acquisition for nine development authorities and the Housing Development Council would be allocated 50% of the funds.

Another amount of Rs 4,164.16 crore has also been approved as seed capital for various development authorities, with Rs 1,285 crore for the current fiscal year.

Redemption Fund: A new Guarantee Redemption Fund will be formed to cover defaults in the payment of loans by government departments to banks.

The fund will have Rs 8,170 crore, with Rs 1,634 crore to be allocated annually. The Minister clarified no department is currently in default.

Amendment To Central Act: The Cabinet approved amendments to the Central Act, removing Extra Neutral Alcohol (ENA) GST ambit and including it under VAT.

However, consumers will not be impacted by this amendment; it allows the state to receive100 % of the tax revenue rather than the previous 50%.

Also Read: Delhi: Young Cop Stabbed To Death In Govindpuri, Main Suspect Killed In Police Encounter – Who Were The Attackers?

HISTORY

Written By

Sheetal Prasad


Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 on Facebook, Twitter.

Related Story

Live News

---Advertisement---


live

Latest LIVE News Trending Today, Real Time Updates: Kejriwal Announces ‘No Possibility Of Any Alliance With Congress’

Dec 11, 2024
Latest LIVE News Trending Today, Real Time Updates
  • 09:57 (IST) 11 Dec 2024

    Kejriwal Announces 'No Possibility Of Any Alliance With Congress'

  • 09:03 (IST) 11 Dec 2024

    Cuddalore, Tamil Nadu: Heavy Rain Lashes Several Parts Of The City

  • 09:02 (IST) 11 Dec 2024

    Congress, AAP In Final Talks For Delhi Election Alliance: Sources

N24 Shorts Logo

SHORTS

Sports

‘KKR Ka Captain Kaun?’ The 2018 Captaincy Dilemma Yet Again Arises For Kolkata Knight Riders

KKR's fluctuating performance over the years has amplified the need for a stable and strategic leader.

View All Shorts

---Advertisement---

Trending