Centre to earmark highest ever allocation of for rail safety in union budget
4 weeks, 2 days ago

Centre to earmark highest ever allocation of for rail safety in union budget

Live Mint  

The upcoming Union budget may earmark the highest ever allocation of over ₹1.25 trillion for rail safety in FY26, two people aware of the plan said. A large part of this increased expenditure would go towards maintaining rolling stock and other infrastructure including track renewals to ensure that train journeys are safer, the person added. The causes of these accidents include track defects, locomotive and coach defects, equipment failure, and human error, railway minister Ashwini Vaishnaw told the Rajya Sabha last month. None of the accidents in the recent times can be attributed to collapse of bridges, breaches, worn-out track, outdated Signalling, or failure of rolling stock like breakage of coupling, breakage of axle etc.

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History of this topic

Railways spends 76% capex for capacity improvement by far in 2024-25
2 days, 23 hours ago

Railways spends 76% capex for capacity improvement by far in 2024-25

Live Mint  

New Delhi, January 8 : Keeping pace with the budgetary allocation, Indian Railways has spent 76 per cent of its budgetary outlay within the first nine months of the current fiscal year 2024-25. According to the latest expenditure report of Indian Railways till January 5, 2025, heavy investment is made in capacity augmentation, a reality aiming to make rail travel …

Budget: 10% increase in capex allocation likely for road, railways ministries in FY26
3 days, 10 hours ago

Budget: 10% increase in capex allocation likely for road, railways ministries in FY26

Live Mint  

New Delhi: The Centre proposes to keep its focus on rapid infrastructure growth in the next financial year, with plans to push capex allocation for the ministries of road transport and highways, and railways in the upcoming budget by upto 10%, two persons aware of the development said. Private investment BoT projects allow private sector bidders to take construction risk …

Budget 2024: With ₹2.65 lakh crore outlay, Railways to prioritise safety
5 months, 2 weeks ago

Budget 2024: With ₹2.65 lakh crore outlay, Railways to prioritise safety

The Hindu  

The Ministry of Railways has received a record allocation of over ₹2.55 lakh crore in financial year 2024-25, which is a jump of 5.85% from the previous year’s ₹2.41 lakh crore, according to Union Budget documents. The total outlay provided for capital expenditure includes ₹2.52 lakh crore from general revenues, ₹200 crore from Nirbhaya Fund, ₹3,000 crore from internal resources …

Budget: ₹1,08,795 cr will be dedicated to safety measures, says Railway minister
5 months, 2 weeks ago

Budget: ₹1,08,795 cr will be dedicated to safety measures, says Railway minister

Hindustan Times  

Union minister for railways Ashwini Vaishnaw, on Tuesday, announced that out of the total budget of ₹2,62,200 crore, a record ₹1,08,795 crore will be dedicated to safety measures. Union railway minister Ashwini Vaishnaw speaks on the Union Budget and Rail Budget 2024 at a press conference in Delhi on Tuesday. “A big chunk of this allocation; ₹1,08,795 cr is for …

Union budget: Indian Railways gets ₹1.08 lakh for safety measures, to install ‘Kavach 4.0’
5 months, 2 weeks ago

Union budget: Indian Railways gets ₹1.08 lakh for safety measures, to install ‘Kavach 4.0’

Hindustan Times  

Union minister Ashwini Vaishnav on July 23 said the Indian railways has been allocated ₹2.62 lakh crore under Budget for 2024-25 and ₹1.08 lakh core will be utilised on safety related activities. Union minister for railways Ashwini Vaishnav “This is a record allocation for Indian railways. Of the total allocation, ₹1.08 lakh crore will be used for safety related activities …

Railway Budget 2024: Centre Allocates Rs 10,369 Crore For Infrastructure Projects In Northeast
11 months, 1 week ago

Railway Budget 2024: Centre Allocates Rs 10,369 Crore For Infrastructure Projects In Northeast

ABP News  

New Delhi: Railways Minister Ashwini Vaishnaw on Thursday said the gross budgetary allocation for railway infrastructure projects in the northeast for the financial year 2024-25 is Rs 10,369 crore, which is 388 per cent higher as compared to average budget allocation of Rs 2,122 crore during 2009-14. During an interaction with media persons from the northeast in the national capital …

Key takeaways from interim Budget 2024-25 in charts
11 months, 1 week ago

Key takeaways from interim Budget 2024-25 in charts

The Hindu  

The Finance Minister presented her sixth budget today. Budget 2024 live updates Besides this, here are the charts that show key numbers from the interim Budget 2024: Budget at a glance The Finance Minister said that the Revised Estimate of the total receipts other than borrowings is Rs 27.56 lakh crore. Capital Expenditure Capital expenditure outlay was raised to ₹11.1 …

Railway budget 2024 to rise 25% to hit record levels
11 months, 4 weeks ago

Railway budget 2024 to rise 25% to hit record levels

Hindustan Times  

Budgetary allocation for Indian Railways is expected to hit record levels in 2024-25 as the government gears up to support a major makeover for the national transporter with additional modern and faster trains and improved safety features. “The government supported with an over 50% increase in gross budgetary support in 2023-24, and the expectation is that absolute support would touch …

Railways increased safety spending 2.5-fold in past decade
1 year, 5 months ago

Railways increased safety spending 2.5-fold in past decade

Live Mint  

Even as the Balasore train accident has led to calls for increased spending on railway safety, a look at safety-related budgets for the past nine years shows that Indian Railways has been upgrading its operations with technologies that significantly lower the chances of accidents. In the nine years that the present government has been in power, Indian Railways spent ₹1,78,012 …

Tax-Capex double engine in Union Budget 2023-24
1 year, 11 months ago

Tax-Capex double engine in Union Budget 2023-24

Hindustan Times  

Finance minister Nirmala Sitharaman on Wednesday presented a Budget that continued her government’s emphasis on capital investment, with a record ₹10 lakh crore spend planned in 2023-24, sought to encourage taxpayers to spend more with tax cuts, and announced a ₹35,000 crore expenditure on energy transition even as she managed to reduce the fiscal deficit to 5.9% from 6.4% this …

Budget 2023 | Railways gets outlay of ₹2.4 lakh crore
1 year, 11 months ago

Budget 2023 | Railways gets outlay of ₹2.4 lakh crore

The Hindu  

With an outlay of ₹2.40 lakh crore for the financial year 2023-24 compared to ₹1.40 lakh crore in the FY22-23, Finance Minister Nirmala Sitharaman said that the outlay for the railways is nine times the amount provided in 2013-2014. “The current outlay will be beneficial for 800 crore passengers who annually travel by railways,” Mr. Vaishnaw said. The higher outlay, …

Watch | Union Budget 2023-24 Highlights | Income tax rebate limit increased to ₹7 lakh; Railways accorded highest-ever capital outlay
1 year, 11 months ago

Watch | Union Budget 2023-24 Highlights | Income tax rebate limit increased to ₹7 lakh; Railways accorded highest-ever capital outlay

The Hindu  

Announcing its last full budget before the 2024 elections, the NDA government focused on a slew of measures that expanded Capital Expenditure spending and tied in various priorities including Green Growth, Youth Power and Inclusive Development. Here are the key highlights from today budget speech: Major announcements: > Finance Minister Nirmala Sitharaman upped the rebate limit for paying income taxes …

Budget 2023: Key takeaways from Nirmala Sitharaman's announcements
1 year, 11 months ago

Budget 2023: Key takeaways from Nirmala Sitharaman's announcements

Hindustan Times  

The Narendra Modi government at the Centre will focus on economic growth and job creation and cut down the fiscal deficit, Union finance minister Nirmala Sitharaman said on Wednesday, presenting its last full budget in Parliament before the 2024 election. She also said the enhanced capex of ₹10 lakh crore for infrastructure development is at 3.3 per cent of the …

Budget 2023: Key Highlights From Modi Govt's Final Full Budget Before 2024 LS Polls
1 year, 11 months ago

Budget 2023: Key Highlights From Modi Govt's Final Full Budget Before 2024 LS Polls

ABP News  

Finance Minister Nirmala Sitharaman on Wednesday tabled the final full Budget of the NDA-II government. At Rs 10 lakh crore, the central goverment's capex target for 2023-24 is 33 per cent higher than the Budget Estimate of Rs 7.5 lakh crore for 2022-23. This Budget provides for Rs 35,000 crore capital investment towards energy transition and net zero objective and …

Budget 2023: Railways get highest ever 2.40 lakh crores capital outlay
1 year, 11 months ago

Budget 2023: Railways get highest ever 2.40 lakh crores capital outlay

Op India  

Finance Minister Nirmala Sitharaman on Wednesday announced Rs 2.40 lakh crore of capital outlay for the development of Indian Railways. “The Indian Railways capital outlay has been set at 2.40 lakh crore, highest ever; 9 times of what was in 2013,” the Finance Minister was quoted on February 1. According to the reports, the allocation of Rs 2.40 lakh crores …

Budget 2023 | Highest-ever capital outlay of ₹2.4 lakh crore for Railways
1 year, 11 months ago

Budget 2023 | Highest-ever capital outlay of ₹2.4 lakh crore for Railways

The Hindu  

The Union Budget has proposed a record budgetary allocation of ₹2.40 lakh crore for the Indian Railways on February 1. Overall, the government proposed to increase capital expenditure outlay by 33% to ₹10 lakh crore in 2023-24, which would be 3.3% of the GDP, said Ms. Sitharaman. With the substantial increase, it is central to government’s efforts to enhance growth …

Railway Budget 2023: Railway Ministry Allocated Rs 2.40 Lakh Crore In Budget
1 year, 11 months ago

Railway Budget 2023: Railway Ministry Allocated Rs 2.40 Lakh Crore In Budget

ABP News  

New Delhi: The Railway Ministry has been allocated 2.40 lakh crore in the Union Budget on Wednesday. Shares of railway-related companies, including Rail Vikas Nigam Ltd and IRCON International, witnessed an up-trend on Wednesday, ahead of the Union Budget presentation in Parliament. Last year, the Railway Ministry was allocated Rs 140367.13 crore in the Union Budget. Nirmala Sitharaman arrived in …

Where do Indian Railways stand in Union Budget 2023?
1 year, 11 months ago

Where do Indian Railways stand in Union Budget 2023?

India TV News  

Union Budget 2023: The Indian Railways' gross budgetary allocation is likely to increase by 29%, from Rs 1.4 trillion to Rs 1.8 trillion, in order to support future infrastructure investments. Ministry has asked the finance ministry to give priority to funding long-term infrastructure projects like freight corridors, high-speed trains, and train modernization. The ministry's gross budgetary support reached Rs 1 …

Budget may give a big push to Railways
2 years ago

Budget may give a big push to Railways

Live Mint  

MUMBAI : The government is likely to provide record budgetary support to strengthen the infrastructure of Indian Railways. The gross budgetary support for railways is likely to increase by 29% to ₹1.8 trillion in the year starting 1 April from ₹1.4 trillion in the current year, two people familiar with the development said. The railway ministry expects total capital expenditure …

Budget to propose record train tracks
2 years, 1 month ago

Budget to propose record train tracks

Live Mint  

The Union railway budget may propose laying a record 100,000km of new train tracks over the next 25 years to modernize the network and boost train speeds, two people aware of the discussions said. The budget may also set aside ₹10,000 crore to electrify 7,000km of broad gauge line in FY24, one of the two people cited above said. A …

Union Budget 2022 | Record allocation of ₹1.37 lakh crore for Railways
2 years, 11 months ago

Union Budget 2022 | Record allocation of ₹1.37 lakh crore for Railways

The Hindu  

The Union Budget has proposed a record budgetary allocation of ₹1.37 lakh crore for the Railways, with a capital expenditure outlay of over ₹2.45 lakh crore for the upcoming financial year. Finance Minister Nirmala Sitharaman on Tuesday also announced that 2,000 km network will be brought under Kavach — an indigenous technology developed for safety, in 2022-23, and 400 new-generation …

Union Budget 2021: Centre allocates Rs 4.78 lakh crores for defence ministry, hikes capital outlay by 19%
3 years, 11 months ago

Union Budget 2021: Centre allocates Rs 4.78 lakh crores for defence ministry, hikes capital outlay by 19%

Firstpost  

The total outlay of Rs 4.78 lakh crore included an allocation of Rs 1.15 lakh crore for payment of pensions New Delhi: At a time Indian and Chinese troops are locked in a standoff in eastern Ladakh, the government on Monday increased the capital outlay for the armed forces by nearly 19 percent while allocating a total of Rs 4.78 …

Budget 2020 | Green signal for more private trains
4 years, 11 months ago

Budget 2020 | Green signal for more private trains

The Hindu  

Union Finance Minister Nirmala Sitharaman on Saturday proposed a budgetary allocation of ₹70,000 crore for the Indian Railways, with overall capital expenditure of ₹1.61 lakh crore for the next financial year in the Union Budget. While the capital expenditure for 2020-21 saw an increase of a mere 3% from ₹1.56 lakh crore for 2019-20, the Budget promises increased investment for …

Interim Budget 2019: Railways gets Rs 1.58 lakh crore, highest ever for national transporter
5 years, 11 months ago

Interim Budget 2019: Railways gets Rs 1.58 lakh crore, highest ever for national transporter

India TV News  

Finance Minister Piyush Goyal on Friday announced a capital expenditure allocation of Rs 1.58 lakh crore for the Railways, the highest ever for the national transporter, in an effort to put its flagging revenues back on track. Last year, then finance minister Arun Jaitley had allocated an amount of Rs 1.48 lakh crore for the Railways in his budget. "Capital …

Interim Budget 2019: Railways gets ₹ 1.58 lakh cr., highest ever for national transporter
5 years, 11 months ago

Interim Budget 2019: Railways gets ₹ 1.58 lakh cr., highest ever for national transporter

The Hindu  

Union Finance Minister Piyush Goyal on Friday proposed a capital expenditure of ₹1,58,658 crore for the Railways Ministry for the year 2019-20 in the Interim Budget. Mr. Goyal, who is also the Railways Minister, added that the operating ratio of Indian Railways is expected to improve to 95% in 2019-20 from 96.2% in 2018-19, and 98.4% in 2017-18. The total …

Budget 2019: Safest year for Indian Railways, says Piyush Goyal
5 years, 11 months ago

Budget 2019: Safest year for Indian Railways, says Piyush Goyal

Live Mint  

New Delhi: The Union budget has allocated ₹64,587 crore outlay for Indian Railways for the upcoming financial year 2019-2020 to expand the railway infrastructure in the country. In his interim-budget speech on Friday, the finance minister Piyush Goyal said Indian Railways has witnessed its safest year in the history in 2018-19 and the national carrier has been able to remove …

Budget 2019: Railways get ₹1.58 trillion
5 years, 11 months ago

Budget 2019: Railways get ₹1.58 trillion

Live Mint  

The Union budget has allocated a record of ₹1.58 trillion outlay for Indian Railways for the upcoming financial year 2019-2020 to expand the railway infrastructure in the country. Whether it is highways or railways or airways or even digi-ways, we have gone beyond incremental growth to attain transformative achievements.” Presenting the figures, Goyal said the capital support from the budget …

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