Union Finance Minister to Launch 7 Infrastructure Projects Virtually

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman will virtually launch seven infrastructure projects from New Delhi, tomorrow.

For the Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance, the Union Finance Minister would inaugurate the Departmental Residential Complex comprising of 198 quarters of Type-II and III, for the officials of Income Tax Department, at Sector-28, Faridabad, Haryana, providing housing units for the officials of the Department. Smt. Sitharaman will also lay down the foundation stone of the Residential Complex at Sector-53, Gurugram, comprising of 214 quarters of Type-II to VI for providing adequate dwelling units for the officers and officials of the Income Tax Department.

For the Central Board of Indirect taxes and Customs (CBIC), Department of Revenue, Ministry of Finance, the Union Finance Minister will inaugurate the Departmental Residential Complex comprising of 256 quarters of Type-IV, V and VI, for the officers of CBIC at Sector-9, Dwarka, New Delhi, providing for adequate dwelling units for the middle and senior level officers of the Department.

GIFT City Expansion

For the Department of Financial Services (DFS),Ministry of Finance, the Union Finance Minister will inaugurate 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 at GIFT City, Gandhinagar, Gujarat; followed by the inauguration of the new head office building of United India Insurance Company Ltd., at Chennai. These infrastructure initiatives will give a fillip to business activities in GIFT City, and provide a state-of-the art headquarters building for United India Insurance Company for providing better customer services.