Railway budget 2024 to rise 25% to hit record levels
11 months, 1 week 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 new levels next year, even though the growth may be half of last year’s numbers,” he said. Of the total capital allocation of around ₹2.45 lakh crore for Indian Railways in the 2022-23 budget, the Centre’s gross budgetary support stood at around ₹1.6 lakh crore. Gross budgetary support swelled to ₹2.4 lakh crore in 2023-24, when total capital allocation for the railways stood at ₹2.6 trillion. The people privy to the government’s thinking said that of the higher gross budgetary support extended to Indian Railways in the budget, a good portion may be kept for the Ahmedabad-Mumbai bullet train project, work on which is going on at full pace for both Gujarat and Maharashtra tracks.

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History of this topic

Centre to earmark highest ever allocation of for rail safety in union budget
1 week, 5 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 …

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report
1 month, 1 week ago

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report

Live Mint  

India is considering the relaxation of quarterly spending limits to ensure it does not fall short of its capital expenditure target for the financial year 2024/2025, according to a government source. Capital expenditure, or spending on building physical infrastructure, was at 4.15 trillion rupees during April-September, or 37% of the annual target, against 4.9 trillion rupees a year earlier. The …

What’s the Budget push for infrastructure?
4 months, 3 weeks ago

What’s the Budget push for infrastructure?

The Hindu  

The story so far: In her Budget proposals for 2024-25, Finance Minister Nirmala Sitharaman has set aside ₹11 lakh crore for capital expenditure, comprising 3.4% of the GDP. With the aim to push States to spend on infrastructure, she said ₹1.5 lakh crore was being made available to them in the form of long-term interest free loans. Under the Sagarmala …

Budget 2024: Government keeps focus on critical areas
5 months ago

Budget 2024: Government keeps focus on critical areas

The Hindu  

The world is witnessing unprecedented disruptions and uncertainty. To avail of these opportunities, multiple steps were necessary: strong capital expenditure and infrastructure push by the Indian government; significant support to small and medium enterprises; job creation and skill development; and enhancing the purchasing power of both urban and rural Indian consumers. The announcements by the Finance Minister of schemes such …

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

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

Union Budget 2024: Sector-Wise Allocation Puts Defence At The Top. Full Details Inside
5 months ago

Union Budget 2024: Sector-Wise Allocation Puts Defence At The Top. Full Details Inside

ABP News  

Budget 2024: Finance Minister Nirmala Sitharaman presented the Union Budget 2024 on Tuesday in Parliament. Defence: For FY25, the defence sector will receive an allocation of Rs 6.21 lakh crore, according to Finance Minister Nirmala Sitharaman. Education: During the presentation of the Budget 2024 on Tuesday, Finance Minister Nirmala Sitharaman declared that the central government would allocate Rs 1.48 lakh …

India defence budget 2024: ₹6.21 lakh crore allocated; minister Rajnath Singh reacts
5 months ago

India defence budget 2024: ₹6.21 lakh crore allocated; minister Rajnath Singh reacts

Hindustan Times  

India has set aside ₹6,21,940 crore for defence spending in the Union Budget 2024-25 – up from last year's outlay of ₹5.94 lakh crore – finance minister Nirmala Sitharaman announced as she presented the Union Union Budget 2024 on Tuesday. The total allocation to the defence sector is 12.9 per cent of the total budget of the government of India …

Budget 2024-25 CAPEX: ₹11 lakh crore allocated towards capital expenditure, 3.4% of GDP by FM Nirmala Sitharaman
5 months ago

Budget 2024-25 CAPEX: ₹11 lakh crore allocated towards capital expenditure, 3.4% of GDP by FM Nirmala Sitharaman

The Hindu  

In her seventh budget presentation, Finance Minister Nirmala Sitharaman announced allocating Rs 11 lakh, 11 thousand and 111 crore towards capital expenditure. She further urged, “We will encourage states to provide support of similar scale for infrastructure development based on their priorities.” The finance minister stated that private investment in infrastructure will be promoted through Viability Gap Funding and a …

Railway Budget 2024: Key investments to propel Indian Railways' infrastructure forward
5 months ago

Railway Budget 2024: Key investments to propel Indian Railways' infrastructure forward

India TV News  

As India aims to become the third-largest economy with a projected GDP of $5 trillion in the next three years, the Railway Budget 2024-25 is expected to play a pivotal role in infrastructure development. Key expectations include significant budgetary allocations, high-speed rail projects, safety upgrades, environmental sustainability, digital transformation, and modernisation of railway stations and coaches. Key budget expectations for …

Budget 2024: How much defence funding was allocated during the interim budget passed in February?
5 months ago

Budget 2024: How much defence funding was allocated during the interim budget passed in February?

India TV News  

In a modest hike, the government had in its last interim budget, increased the defence budget to Rs 6.21 lakh crore for 2024-25 from last year's allocation of Rs 5.94 lakh crore and announced an ambitious scheme for "deep-tech" technologies in the military domain. In the interim Union budget presented in Parliament by Finance Minister Nirmala Sitharaman in February, a …

Railway Budget 2024: When is it? What to expect? All your questions answered
5 months ago

Railway Budget 2024: When is it? What to expect? All your questions answered

Hindustan Times  

Who will present the Railway Budget this year? The Railway Budget will be announced during the Union Budget 2024-25 speech on July 23, 2024. Ashwini Vaishnaw took charge of the Ministry of Railways on June 9, 2024 after the Lok Sabha elections. Yes, Nirmala Sitharaman's speech is likely to include announcements like increasing the number of coaches, upgrading existing trains …

Punjab government likely to miss capex target, only 32% achieved so far
9 months, 3 weeks ago

Punjab government likely to miss capex target, only 32% achieved so far

Hindustan Times  

Despite a healthy growth in tax revenues and increased borrowing, the Punjab government is likely to miss its capital expenditure target going by the spending in the first ten months of the financial year 2023-24. A finance department official said that capex numbers will look much better by the end of the fiscal though they may still fall short of …

On Track: MoRTH, Railways Use Up More Than 75% Capex Target Till Third Quarter of 2023-24 Fiscal
10 months, 1 week ago

On Track: MoRTH, Railways Use Up More Than 75% Capex Target Till Third Quarter of 2023-24 Fiscal

News 18  

Two of the biggest infrastructure ministries – road transport and highways as well as railways – have used more than 75 percent of the capital expenditure in the first nine months of the current fiscal. According to data from the ministry, the railways, which got Rs 2.62 lakh crore for the ongoing financial year, has spent Rs 1.95 lakh crore …

The budget does well on both the big Cs: Capex and consolidation
10 months, 2 weeks ago

The budget does well on both the big Cs: Capex and consolidation

Live Mint  

Emphasis on the two big Cs—Capex and Consolidation—was the hallmark of India’s interim budget for 2024-25. The government’s concerted focus on capex-led growth has kept the economy in good stead, aiding its emergence as the fastest-growing major economy in the world for three consecutive years by logging 7%-plus real gross domestic product growth. The budget ticked all the boxes on …

Key takeaways from interim Budget 2024-25 in charts
10 months, 3 weeks 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 …

Budget 2024: More Power to Infrastructure as Capex Outlay Increased to Rs 11.11 Lakh Crore
10 months, 3 weeks ago

Budget 2024: More Power to Infrastructure as Capex Outlay Increased to Rs 11.11 Lakh Crore

News 18  

Ensuring more power to infrastructure development for economic growth and employment creation, a large sum of Rs 11,11,111 crore has been set aside as the capital expenditure outlay in the interim budget 2024. “Building on the massive tripling of the capital expenditure outlay in the last four years, resulting in a huge multiplier impact on economic growth and employment creation, …

Budget 2024: Nominal GDP growth seen at 10.50 per cent, FY24 fiscal deficit revised down to 5.80 per cent
10 months, 3 weeks ago

Budget 2024: Nominal GDP growth seen at 10.50 per cent, FY24 fiscal deficit revised down to 5.80 per cent

India TV News  

In the interim Budget presented by Finance Minister Nirmala Sitharaman, the Union government has assumed a nominal GDP growth of 10.50 per cent for the fiscal year 2024-25. The revised estimate of the fiscal deficit for FY24 is 5.8 per cent of GDP, improving on the budget estimate despite a moderation in nominal growth estimates. Union Finance Minister Nirmala Sitharaman …

Budget may focus on welfare, infra, adhere to fisc glide path
10 months, 3 weeks ago

Budget may focus on welfare, infra, adhere to fisc glide path

Hindustan Times  

New Delhi India will meet its fiscal deficit target of 5.9% of GDP in 2023-24, and largely adhere to the envisaged glide path to bring it below 4.5% by 2025-26 on the back of robust GDP growth, buoyant tax collections, and better targeting of expenditure, officials familiar with the matter said, adding that public spending on welfare schemes and infrastructure …

Budget 2024: Infra, defence, railways could be in focus: Arpit Jain
10 months, 3 weeks ago

Budget 2024: Infra, defence, railways could be in focus: Arpit Jain

Live Mint  

Arpit Jain, Joint Managing Director at Arihant Capital Markets expects the government to keep infrastructure, defence, and railways in focus in the Interim Budget 2024. In an interview with Mint, Jain said various sectors have already experienced expectations-driven rallies, but there are significant opportunities in the infrastructure and capital routes sectors. In anticipation of the Interim Budget 2024, our focus …

Budget 2024: Govt to focus on Make in India initiative to boost manufacturing
11 months ago

Budget 2024: Govt to focus on Make in India initiative to boost manufacturing

India TV News  

To incentivise the manufacturing sector and generate employment, the government may extend the scope of the Production-Linked Incentive scheme in the upcoming budget. Zameer Malik, CEO of Kulsum's Kaya Kalp, said that the government is expected to continue prioritizing capital expenditure, particularly in the infrastructure sector, to drive economic growth. Gurmit Singh Arora, president of the Indian Plumbing Association, said …

Budget 2024: Government likely to maintain momentum on increasing capital expenditure
11 months ago

Budget 2024: Government likely to maintain momentum on increasing capital expenditure

India TV News  

The government is expected to maintain its focus on increasing capital expenditure in the upcoming budget, particularly in the infrastructure sector, to stimulate economic growth amid subdued private investment. Since the post-COVID period, the budget has consistently emphasised capital expenditure, leading to over 7 per cent growth in the last three years, making India the fastest-growing large economy globally. In …

₹1 lakh crore investment in new trains, says Rail Minister Ashwin Vaishnav
1 year ago

₹1 lakh crore investment in new trains, says Rail Minister Ashwin Vaishnav

Live Mint  

The Indian Railways is looking to acquire new trains with a total investment of ₹1 lakh crore over the next few years, Union Railways Minister Ashwini Vaishnaw told The Economic Times. This will entail floating train procurement tenders worth around ₹1 lakh crore which will be honoured over the next 15 years by replacing the older rolling stock," Vaishnaw said. …

UP surpasses capex target, set to get 2nd tranche of central loan
1 year, 2 months ago

UP surpasses capex target, set to get 2nd tranche of central loan

Hindustan Times  

LUCKNOW Uttar Pradesh government has spent 51% of the capital expenditure target against the required 45% to get the second instalment of an interest-free loan for 50 years from the Centre under its special assistance scheme for the states. The government proposes to spend all the funds earmarked for capital expenditure by the end of 2023-2024, and this is bound …

Highways Ministry, Railways Achieve Around 40% Capital Expenditure Till July, Aim to Spend 90% by December
1 year, 4 months ago

Highways Ministry, Railways Achieve Around 40% Capital Expenditure Till July, Aim to Spend 90% by December

News 18  

With about eight assembly polls and the Lok Sabha elections scheduled in the next one year, the Union government is prioritising its spending. Of the Rs 5 lakh crore allocated to these ministries for the current financial year, the two have already spent Rs 2.06 lakh crore by July-end. According to a Railway Ministry official, by July-end, the national transporter …

Parliamentary Committee pulls up Indian Railways over losses incurred
1 year, 9 months ago

Parliamentary Committee pulls up Indian Railways over losses incurred

The Hindu  

A drastic fall in the net revenue of the Indian Railways has left the Parliamentary Standing Committee on Railways perturbed. In it’s Demands for Grants Report, the committee has observed that the Railways’ net revenues has witnessed a drastic downward trend since 2020-21 except in 2014-15, when it witnessed an increase of 8.20%. The committee has recommended the Ministry of …

Fund allocations for welfare increased in AP Budget
1 year, 9 months ago

Fund allocations for welfare increased in AP Budget

Deccan Chronicle  

VIJAYAWADA: The Jagan Mohan Reddy government’s welfare schemes get a fresh boost with an increase in fund allocations for them in the AP Budget 2023 presented in the Assembly on Thursday. Taking to Twitter later in the day, the CM said, “The main objectives were to provide good education, good medicine, good health, happiness for farmers, empowerment of my sisters, …

Budget's Focus On Capex To Crowd-In Private Investment, Push Growth To 7 Per Cent: RBI Bulletin
1 year, 10 months ago

Budget's Focus On Capex To Crowd-In Private Investment, Push Growth To 7 Per Cent: RBI Bulletin

ABP News  

The Union Budget's focus on capital expenditure is expected to crowd-in private investment and push the GDP growth rate close to 7 per cent in the next financial year beginning April 1, said a Reserve Bank article on 'State of the Economy'. "In our view, the instrument of decoupling will be the Union Budget by raising India's growth prospects over …

W.B. Budget for 2023-24 broadens welfare schemes, gives incentives to jobs
1 year, 10 months ago

W.B. Budget for 2023-24 broadens welfare schemes, gives incentives to jobs

The Hindu  

With an eye on the upcoming panchayat polls, the West Bengal government’s Budget for the year 2023-24 on Wednesday widened the ambit of social welfare schemes like Lakshmi Bhandar, added a new scheme providing death benefits for fishermen, promised financial assistance for micro-enterprise and allocated ₹3000 crore for rural road connectivity and repair of urban roads in the State. Minister …

TS govt\'s 10 budgets in last 9 years: Targets met only twice
1 year, 10 months ago

TS govt\'s 10 budgets in last 9 years: Targets met only twice

Deccan Chronicle  

Hyderabad: The BRS government has presented 10 budgets in the Telangana Legislative Assembly since the formation of the state in 2014 with the Budgetary allocations increasing year after year. The TRS government presented the 2014-15 budget with a total outlay of Rs 1,00,637 crore; the revised estimates were also the same; however, the actual spending was only Rs 62,306 crore, …

Union Budget 2023-24 | Without growth or welfare, a Budget that curtails social spending
1 year, 10 months ago

Union Budget 2023-24 | Without growth or welfare, a Budget that curtails social spending

The Hindu  

Published : Feb 07, 2023 15:57 IST If we ignore the hype that accompanies and follows the presentation of the Central government’s annual Budget, there are principally two strands in it that have attracted attention. The first is the claim of Finance Minister Nirmala Sitharaman that in a growth-accelerating intervention, the step-up in capital or investment expenditure during the second …

Key takeaways from Union Budget 2023-24 in charts
1 year, 10 months ago

Key takeaways from Union Budget 2023-24 in charts

The Hindu  

The government 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. Transfer to states/UTs Allocation to Ministries The Union Budget allocated a massive ₹5.94 lakh crore for the Defence Ministry, a 13% increase year-on-year from last …

Tax-Capex double engine in Union Budget 2023-24
1 year, 10 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, 10 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, …

Trains, Roads, 5G, Defence: Where Does Rs 10 Lakh Cr Capex Budget Go? Three-fourth in 4 Ministries, Depts
1 year, 10 months ago

Trains, Roads, 5G, Defence: Where Does Rs 10 Lakh Cr Capex Budget Go? Three-fourth in 4 Ministries, Depts

News 18  

More highways and expressways, Vande Bharat trains, rapid laying out of 5G infrastructure and shoring up India’s defences – this is the top priority of the Narendra Modi-led government in the next financial year with just four ministries or departments accounting for nearly 73 percent of the massive Rs 10 lakh crore capex budget in 2023-24. The budget documents show …

Union Budget 2023: What Modi Govt's New Tax Regime Has In Store, Gain Or Pain?
1 year, 10 months ago

Union Budget 2023: What Modi Govt's New Tax Regime Has In Store, Gain Or Pain?

The Quint  

The Union Budget speech of Finance Minister Nirmala Sitharaman highlighted seven key priority goals as the “Saptarishis guiding through the Amrit Kaal” for this year’s fiscal outlay map: a) Inclusive Development; b) Last Mile Development; c) Infrastructure and Investment; d) Green Growth; e) Youth, and f) Financial Sector. Key fiscal numbers were kept in line with the broader market expectations …

Great Budget for CapEx and Railways, Not Bad for Direct Taxes - News18
1 year, 10 months ago

Great Budget for CapEx and Railways, Not Bad for Direct Taxes - News18

News 18  

Finance Minister Nirmala Sitharaman began her speech by calling Budget 2023 the first one in Amrit Kaal. Unfortunately, there were few takers for the new scheme because one could pay fewer taxes by using the various exemptions in the old scheme. There will be less complicated tax calculations involved in using the exemptions and actually lower tax liabilities just by …

Budgeting for Infra: After Defence, Road & Railway Ministries Bag Highest Allocations from FM
1 year, 10 months ago

Budgeting for Infra: After Defence, Road & Railway Ministries Bag Highest Allocations from FM

News 18  

The Union Budget 2023-24 has prioritised infrastructure development as the Ministries of Road Transport and Highways and Railways bagged highest allocation after the Defence Ministry. As Finance Minister Nirmala Sitharaman presented the Union Budget for 2023-24 on Wednesday, MoRTH was allocated Rs 2.70 lakh crore, while Railways got the highest ever outlay at Rs 2.40 lakh crore. In the last …

Highest-ever capital outlay of Rs 2.40 lakh crore for railways in budget
1 year, 10 months ago

Highest-ever capital outlay of Rs 2.40 lakh crore for railways in budget

Firstpost  

Budget papers showed that the net revenue expenditure of the railways is placed at Rs 2,65,000 crore in the Budget Estimate 2023-24 as against Rs 2,42,892.77 crore in Revised Estimate 2022-23 New Delhi: The capital outlay for the railways has been increased to the highest-ever Rs 2.40 lakh crore in the Union Budget for 2023-24, Finance Minister Nirmala Sitharaman said …

Watch | Union Budget 2023-24 Highlights | Income tax rebate limit increased to ₹7 lakh; Railways accorded highest-ever capital outlay
1 year, 10 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, 10 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: FM Sitharaman's big push for Railways with ₹ 2.4 lakh crore outlay
1 year, 10 months ago

Budget 2023: FM Sitharaman's big push for Railways with ₹ 2.4 lakh crore outlay

Hindustan Times  

Finance minister Nirmala Sitharaman has announced the biggest-ever push for Indian Railways with a capital outlay of ₹2.40 lakh crore. The Indian Railways capital outlay has been set at 2.40 lakh crore. "The Indian Railways capital outlay has been set at 2.40 lakh crore, highest ever; 9x of what was in 2013," Sitharaman said in her Budget speech on February …

Budget 2023: Key Highlights From Modi Govt's Final Full Budget Before 2024 LS Polls
1 year, 10 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, 10 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: Capital outlay for railways pegged at Rs 2.40 lakh cr, highest ever
1 year, 10 months ago

Budget: Capital outlay for railways pegged at Rs 2.40 lakh cr, highest ever

Deccan Chronicle  

New Delhi: The government proposed a capital outlay of about Rs 2.40 lakh crore for railways, said Union finance minister Nirmala Sitharaman on Monday while presenting the Union Budget 2023-24 in Lok Sabha. Overall, the government proposed to increase capital expenditure outlay by 33 per cent to Rs 10 lakh crore in 2023-24, which would be 3.3 per cent of …

Budget 2023 | Highest-ever capital outlay of ₹2.4 lakh crore for Railways
1 year, 10 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 …

Budget 2023: Modi govt allocates Rs 2.40 lakh crore for Railways, announces Sitharaman
1 year, 10 months ago

Budget 2023: Modi govt allocates Rs 2.40 lakh crore for Railways, announces Sitharaman

India TV News  

Budget 2023: The Modi government on Wednesday announced that it has fixed capital outlay of Rs 2.40 lakh crore for railways in financial year 2023-24, as the Finance Minister Nirmala Sitharaman presented her 5th budget in the Parliament. BUDGET 2023: FULL COVERAGE Among other announcements regarding the infrastructure development, Sitharaman said that the states and cities will be encouraged to …

Union Budget 2023-24: Aiming For A Fine Balance
1 year, 10 months ago

Union Budget 2023-24: Aiming For A Fine Balance

News 18  

The Indian economy has been recovering well from the pandemic. With this context, restricting GFD/GDP to around 5.8 per cent should be targeted and ensure the government remains committed to the target of reaching 4.5 per cent by FY2026. We see five key reasons for a limited space for a “populist” Budget — Lower tax revenue growth, given lower GDP …

Budget may give a big push to Railways
1 year, 11 months 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 …

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