Question
How is the funding for the AMRUT Scheme divided between
the Central and State Governments for cities with a population greater than 1 million? Read the following passage and answer the Questions (Q no. 1 to 4) based on the passage. The development of small cities plays a crucial role in fostering balanced economic growth, enhancing the quality of life, and promoting regional stability. While large metropolitan areas tend to dominate in terms of investment and attention, focusing on smaller cities can lead to numerous positive outcomes for both the local population and the national economy. One of the primary benefits of developing small cities is the potential for economic diversification. Many of these cities rely heavily on a few key industries, making them particularly vulnerable to economic fluctuations. By investing in the growth and modernization of smaller urban areas, new industries can be attracted, leading to a more diversified local economy. This, in turn, creates new employment opportunities, helping to reduce the dependence on a single sector and providing greater economic resilience. In addition to economic growth, the development of small cities can help alleviate the strain on larger urban centers. Major cities often face issues such as overcrowding, traffic congestion, and a shortage of affordable housing. As small cities develop, they can offer an alternative to these overpopulated areas, allowing for more evenly distributed migration patterns. This not only eases the pressure on larger cities but also creates more sustainable living environments in smaller regions. Furthermore, improving infrastructure, healthcare, education, and public services in small cities significantly enhances the quality of life for residents. These developments attract talent, reduce the brain drain towards larger urban centers, and foster a more connected and prosperous local community. As small cities become more attractive places to live and work, they can retain their local talent and even draw people back from larger cities.Solution
For cities with a population greater than 1 million, the funding is shared between the Central and State Governments in a ratio of 60:40 under the AMRUT Scheme.
In which state is the Insurance Regulatory and Development Authority of India (IRDAI) headquartered?
Organisation behaviour is studied at how many levels?
Prashant is the finance manager in his organisation. He job profile entails various functions, one of them being that of control. Which one of the follo...
What is the time period under which Pre-Packaged Resolution process should be completed from the date of initiation?
Material cost variances are analyzed to understand the reasons for differences between actual and standard costs. The material cost variance is the tota...
Financial product under IFSCA Act 2019 does not include
Which of the following identification number is used by EPFO for EPF contributions?
Dexie Ltd has a preferred stock that pays a dividend of 8 per share and the current price of stock is 100. What is the cost of preferred stock?
IFSCA, with support from GoI, has instituted a flagship thought leadership event, âInFinity Forumâ as an annual feature beginning in 2021. This even...
In case of an infrastructure project, a project finance account classified as âstandardâ shall continue to be classified as âstandardâ on acco...