December 2016 Current Affairs

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Sports Sector Gets the Infrastructure Status

Sports Sector Gets the Infrastructure Status
01 October 2016 Current Affairs: The Union Finance Ministry has decided that sports infrastructure will be included under the harmonised master list of infrastructure sub-sectors. Earlier, the Ministry of Youth Affairs & Sports Affairs had moved the proposal for inclusion of sports in the list to address the issue of deficit of sports infrastructure in the country.

It will include sports stadia and infrastructure for academies for training and research in sports and sports-related activities in the infrastructure sub-sectors. 

With this, sports sector becomes eligible for obtaining long term financial support from banks and other financial institutions on same principle available to other infrastructure projects.

 It will also encourage private investment in a public good which has socio-economic externalities in a country with young population.

 It will also bolster investment in sports infrastructure sector which will contribute to the economy and help in promotion of health and fitness of the people.

 It will also provide opportunities for employment in the new and existing sectors. Besides, investment from private sector will widen the platform from where the country can become a sporting power in future.


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
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25 AUG
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