Facebook Pixel Govt shelves ₹8,000-crore plan for eight new greenfield cities | Mint Mumbai - newspaper - Read this story on Magzter.com
Go Unlimited with Magzter GOLD

Go Unlimited with Magzter GOLD

Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just

$149.99
 
$74.99/Year

Try GOLD - Free

Govt shelves ₹8,000-crore plan for eight new greenfield cities

Mint Mumbai

|

June 23, 2025

The Union government has shelved the scheme to incubate eight new cities, as recommended by the 15th Finance Commission (FC), according to senior government officials.

- Soumya Chatterjee

A senior official at the Union ministry of housing and urban affairs (MoHUA), on the condition of anonymity, said that ₹8,000 crore allotted for the scheme will now be subsumed under a new scheme.

A second official said that this new scheme may be designed based on ongoing deliberations between the ministry, Niti Aayog, and the Asian Development Bank (ADB) for infrastructure upgrades in smaller cities with a population of up to 100,000, as per the 2011 Census.

MORE STORIES FROM Mint Mumbai

Mint Mumbai

Earnings pops fail to keep investors in high spirits

India’s earnings season is sending a clear message to investors: Quarterly earnings beats alone are no longer enough to keep stocks flying.

time to read

3 mins

May 20, 2026

Mint Mumbai

Mint Mumbai

Satellite-to-smartphone plan faces industry divide

High up in the mountains or deep down in the jungles, your smartphone may still stay connected, thanks to direct-to-device (D2D) satellite technology making its way to India.

time to read

4 mins

May 20, 2026

Mint Mumbai

Mint Mumbai

TCS links monthly performance pay to WFO in salary hike

Tata Consultancy Services Ltd’s (TCS) decision to award hikes of up to 6% to top performers should have sparked jubilation. Instead, revised compensation letters show changes that link work-from-office to monthly pay, and a salary structure that has left many employees confused about the impact on take-home pay.

time to read

2 mins

May 20, 2026

Mint Mumbai

Mint Mumbai

Carmakers seek flex-fuel sops amid blending drive

Call for lower prices for high-ethanol fuels as govt issues standards for E85, E100

time to read

3 mins

May 20, 2026

Mint Mumbai

Mint Mumbai

Ascent of artificial intelligence poses new challenges to banks

Top banks are stepping up cyber defences, hiring, and insurance coverage as concerns grow that advanced artificial intelligence (AI) systems could make cyberattacks faster and harder to contain.

time to read

3 mins

May 20, 2026

Mint Mumbai

Mint Mumbai

HOW ORANGE HEALTH IS DISRUPTING DIAGNOSTICS

The startup is trying to turn health tests into an on-demand consumer service—much like how Zepto and Blinkit did with groceries

time to read

9 mins

May 20, 2026

Mint Mumbai

Mint Mumbai

The American rebellion against AI is gaining steam

The only thing growing faster than the artificial-intelligence industry may be Americans’ negative feelings about it—as former Google Chief Executive Eric Schmidt saw on Friday.

time to read

5 mins

May 20, 2026

Mint Mumbai

Mint Mumbai

Boeing’s China comeback will be turbulent even with a deal

The plane-maker can’t escape the US-China geopolitical crossfire

time to read

3 mins

May 20, 2026

Mint Mumbai

Mint Mumbai

PepsiCo India revenue rises 8% in 2025, driven by snacks

PepsiCo India Holdings Pvt. Ltd reported an 8% rise in consolidated revenue to ₹9,798 crore for calendar year 2025, while net profit rose 4.5% to ₹905 crore.

time to read

2 mins

May 20, 2026

Mint Mumbai

Mint Mumbai

AIFs seek easier accreditation rules, sharper incentives

India’s alternative investment funds are seeking to widen access to a small but fast-growing pool of wealthy investors, arguing that a cumbersome accreditation system and limited incentives are slowing participation even as the sector grows quickly.

time to read

1 mins

May 20, 2026

Listen

Translate

Share

-
+

Change font size