Railways spends 76% capex for capacity improvement by far in 2024-25
20 hours, 9 minutes 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 a world-class experience in India. As many as 136 Vande Bharat trains were commissioned, and about 97 per cent electrification of broad gauge has been completed, besides laying of new lines, gauge conversion, doubling of track, traffic facilities work, and metropolitan transport. With ₹1,198 crore of capital expenditure spending in the first four days of this calendar year, the overall capital expenditure of Indian Railways stands at 76 per cent with nearly three months to go.

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History of this topic

Budget: 10% increase in capex allocation likely for road, railways ministries in FY26
1 day, 7 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 …

Indian Railways eyes modernization in Union Budget 2025-26 with focus on rolling stock
2 weeks ago

Indian Railways eyes modernization in Union Budget 2025-26 with focus on rolling stock

Live Mint  

As Indian Railways continues its mission to enhance passenger services, the Union Budget 2025-26 is expected to prioritize technological advancements in rolling stock. In the upcoming budget, Indian Railways is anticipated to take significant measures to boost the production capacity of passenger coaches across its production units in Chennai, Rae Bareli, and Kapurthala. Ongoing Technological Advancements Indian Railways is actively …

India Govt to Spend ₹30K Crore on Rail Revamp
3 weeks ago

India Govt to Spend ₹30K Crore on Rail Revamp

Deccan Chronicle  

Chennai: The government is expected to spend more than Rs 30,000 crore on railway station redevelopment over the next two years. Of these, the estimated cost of redevelopment of major stations under the Rail Land Development Authority phase I is likely to be around Rs 17,000 crore. A total of 1318 stations are being considered for redevelopment under the Amrit …

Capex support will continue for infrastructure development: Minister Chaudhary
3 weeks, 5 days ago

Capex support will continue for infrastructure development: Minister Chaudhary

Live Mint  

India's capital expenditure on infrastructure projects such as roads, railways, ports, airports, and telecommunications has been rising steadily over the years, and the government stands ready to make adequate funds available in next year's budget as well to maintain the sector's growth momentum, minister of state for finance Pankaj Chaudhary said on Friday. India aims to become a developed nation …

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

FM Nirmala Sitharaman on Budget 2024: Union Budget strikes a fine balance between growth, employment, capital investment, and fiscal consolidation
5 months, 1 week ago

FM Nirmala Sitharaman on Budget 2024: Union Budget strikes a fine balance between growth, employment, capital investment, and fiscal consolidation

The Hindu  

Replying to the debate on the Union Budget in Rajya Sabha on Wednesday where more than 80 elders participated, Union Finance Minister Nirmala Sitharaman said the transfer of resources to the States is going unhindered and the inferences that she mentioned just two States in the budget was a propaganda created by the INDIA bloc to mislead the people. Countering …

TRANSFORMATION OF INDIAN RAILWAYS: RUSSIAN TMH'S RESPONSE TO MODERN CHALLENGES
5 months, 2 weeks ago

TRANSFORMATION OF INDIAN RAILWAYS: RUSSIAN TMH'S RESPONSE TO MODERN CHALLENGES

Hindustan Times  

India's railway network, one of the most extensive and the fourth largest in the world, continues to evolve. Transformation of Indian railways, Russian TMH'S response to modern challenges. In March 2023, the company beat the world's leading players to win a $6.5bn international tender for the design, production and 35-year maintenance of 120 Vande Bharat long-distance electric trains in three …

Railway Budget 2024: Telangana gets record railway budget allocation of ₹5,336 crore
5 months, 2 weeks ago

Railway Budget 2024: Telangana gets record railway budget allocation of ₹5,336 crore

The Hindu  

Telangana got a record budget allocation of ₹5,336 crore for railway projects in 2024-25, as against the total railways allocation of ₹2.62 lakh crore of which ₹1.09 lakh crore has been allocated for safety-related activities, said Railways Minister Ashwini Vaishnaw on Wednesday. The budget allocations to Telangana have been witnessing sustained increase with the current year’s allocation being almost six …

Union budget trims funding for Bengaluru Suburban Railway Project by ₹100 crore
5 months, 2 weeks ago

Union budget trims funding for Bengaluru Suburban Railway Project by ₹100 crore

Hindustan Times  

Union Finance Minister Nirmala Sitharaman on Tuesday allocated ₹350 crore to the Bengaluru Suburban Railway Project in the Union Budget for the fiscal year 2024-25, marking a reduction of ₹100 crore compared to the previous year's allocation of ₹450 crore. The 148 km Bengaluru suburban rail proposal with four corridors has been a much delayed project, languishing for decades. The …

Budget 2024: Government keeps focus on critical areas
5 months, 2 weeks 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, 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 …

India defence budget 2024: ₹6.21 lakh crore allocated; minister Rajnath Singh reacts
5 months, 2 weeks 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 Highlights: FM disappoints investors, rewards (some) taxpayers
5 months, 2 weeks ago

Budget 2024 Highlights: FM disappoints investors, rewards (some) taxpayers

Hindustan Times  

July 23, 2024 9:02 PM IST Budget 2024 LIVE Updates: Supriya Paul, CEO & Co- Founder, Josh Talks, said, “The Union Budget 2024-25 represents a significant stride towards Bharat's development. The allocation of ₹1.48 lakh crore towards education, employment, and skills development is a substantial investment. By enhancing the quality of education and training, we are equipping our youth with …

Railway Budget 2024: Key investments to propel Indian Railways' infrastructure forward
5 months, 2 weeks 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 …

On Track: MoRTH, Railways Use Up More Than 75% Capex Target Till Third Quarter of 2023-24 Fiscal
10 months, 3 weeks 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 …

Cabinet Approves Six Rail Projects Worth Rs 12,343 Cr
11 months ago

Cabinet Approves Six Rail Projects Worth Rs 12,343 Cr

News 18  

The Cabinet Committee on Economic Affairs has approved six projects of the railway ministry with an estimated cost of around Rs 12,343 crore, the government said in a statement on Thursday. “Thanks to Prime Minister Narendra Modi for approving six multi tracking projects in Rajasthan, Assam, Telangana, Gujarat, Andhra Pradesh and Nagaland worth Rs 12,343 crore,” Railway Minister Ashwini Vaishnaw …

UP Budget 2024-25: Wait for Lucknow’s second metro line gets longer
11 months ago

UP Budget 2024-25: Wait for Lucknow’s second metro line gets longer

Hindustan Times  

The expectations were high for a generous budget allocation for the second line of Lucknow Metro after the chief minister recently directed the officials to initiate work on the second line for Lucknow Metro. The Kanpur Metro Rail project stands to benefit significantly with a proposed budget of ₹395 crore as the share of UP government. The Chief Minister’s Urban …

Interim budget: ₹300 crore allocated to fast-track Chandigarh-Baddi railway link
11 months ago

Interim budget: ₹300 crore allocated to fast-track Chandigarh-Baddi railway link

Hindustan Times  

A sum of ₹300 crore was allocated to expedite the completion of the 33.23 km Chandigarh-Baddi railway line in the 2024-25 interim budget presented on Thursday. As part of the 2024-25 interim budget, Centre has also allocated ₹ 93.26 crore for the redevelopment of Chandigarh railway station. At least seven lakh people employed with the medical units have been waiting …

Union Interim Budget Proposes Rs 9,138 Crore for Railway Projects in AP for 2024-25 Fiscal
11 months, 1 week ago

Union Interim Budget Proposes Rs 9,138 Crore for Railway Projects in AP for 2024-25 Fiscal

Deccan Chronicle  

VIJAYAWADA: The total budgetary allocation for Railways in Andhra Pradesh for the 2024-25 fiscal is `9,138 crore, Railway Minister Ashwini Vaishnaw has said. He noted that the combined budget allocation for AP and Telangana regions during 2009-14 was only`886 crore, on average. South Central Railway general manager Arun Jain and other officials were present at the press meet at Rail …

TS Gets Rs 5,071 Cr for Railway Works, MMTS To Be Expedited After Delay
11 months, 1 week ago

TS Gets Rs 5,071 Cr for Railway Works, MMTS To Be Expedited After Delay

Deccan Chronicle  

Hyderabad: The interim Budget 2024-25 allocated Rs 5,071 crore for railway projects in Telangana state, following which railways officials said they would complete the pending MMTS works with the release of funds by the state government. To ease this pilgrimage, the railway authorities are working out new trains.” In his address, railway minister Vaishnaw said: “Indian Railways has been allocated …

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 …

Southern Railway allotted over ₹6,330 crore for infrastructure works in T.N.
11 months, 1 week ago

Southern Railway allotted over ₹6,330 crore for infrastructure works in T.N.

The Hindu  

The Southern Railway has been allotted a sum of ₹6,331 crore for Tamil Nadu for the financial year 2024-25 for executing several infrastructure projects, including station redevelopment, construction of flyovers and underpasses, foot over bridges and doubling projects. Union Minister of State for Railways, Communications, Electronics and Information Technology Ashwini Vaishnaw, during a press conference, telecast at the southern railway …

Budget 2024: More Power to Infrastructure as Capex Outlay Increased to Rs 11.11 Lakh Crore
11 months, 1 week 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: Railway stocks fall amid lack of major announcements by Sitharaman
11 months, 1 week ago

Budget 2024: Railway stocks fall amid lack of major announcements by Sitharaman

Live Mint  

Railway stocks witnessed a fall after Interim Budget 2024 announcements. While presenting the interim budget, Sitharaman revealed plans to extend metro rail and Namo Bharat to other cities, as well as to upgrade 40,000 regular bogies to Vande Bharat standards. Yet, according to Sanjay Moorjani, a research analyst at SAMCO Securities, the FM stated that over 40,000 additional rail bogies …

Budget 2024: 40,000 rail bogies to converted to Vande Bharat standards
11 months, 1 week ago

Budget 2024: 40,000 rail bogies to converted to Vande Bharat standards

Live Mint  

New Delhi: In a move to modernize the Indian Railways, the Centre on Thursday announced an ambitious programme to upgrade 40,000 standard rail coaches to Vande Bharat standards. This initiative, announced by finance minister Nirmala Sitharaman in while presenting the interim budget for fiscal year 2024-25, aims to elevate the safety, convenience, and comfort of rail travel while also providing …

Budget 2024: Infra, defence, railways could be in focus: Arpit Jain
11 months, 1 week 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, 2 weeks 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, 2 weeks 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 …

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 …

₹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. …

Indian railways achieves 1015.6 tonnes of freight loading till November 2023
1 year, 1 month ago

Indian railways achieves 1015.6 tonnes of freight loading till November 2023

The Hindu  

A total of freight loading of 1015.669 tonnes was achieved by Indian Railways against last year’s loading of 978.724 tonnes, on cumulative basis from April – November 2023. During the month of November 2023, originating freight loading of 128.419 tonnes has been achieved against loading of 123.088 tonnes in November 2022, which is an improvement of about 4.33% over the …

Railways to launch 3,000 new trains, increase passenger capacity to 1,000 crore in 5 years
1 year, 1 month ago

Railways to launch 3,000 new trains, increase passenger capacity to 1,000 crore in 5 years

Live Mint  

The Indian Railways plans to introduce an additional 3,000 new trains on its network in the next four-five years to accommodate the increasing number of passengers because of population growth, reported PTI. We have to increase the capacity to 1,000 crore in four to five years as the population is growing.” “For this, we need 3,000 extra trains which will …

The Indian Railways’ revenue problem
1 year, 2 months ago

The Indian Railways’ revenue problem

The Hindu  

This is the first of a three-part series of articles on the Indian railways, its capital expenditure and freight business. The IR’s spending on repayment of principal and interest is pegged at ₹22,229 crore and ₹23,782 crore respectively, which together make it 17% of revenue receipts, a sharp rise from less than 10% till 2015-16. The annual growth in freight …

Top 4 railway stocks under ₹ 200 to add to your watchlist
1 year, 2 months ago

Top 4 railway stocks under ₹ 200 to add to your watchlist

Live Mint  

After a long time, the Indian Railways are executing projects better than ever. IRFC's strong balance sheet size with nil gross NPA, low overheads, and the Indian Railways' huge capex needs, bode well for the company's growth prospects over the long term. In the month of August 2023, Ircon International shares saw a spike after the company posted good numbers …

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 …

Focusing on roadmap to make India a $5 trillion economy: Govt
1 year, 5 months ago

Focusing on roadmap to make India a $5 trillion economy: Govt

Live Mint  

New Delhi: The government’s roadmap to makinge India a $5 trillion economy comprises measures like focussing on inclusive growth, promoting digital economy, fintech, technology-enabled development, energy transition and climate action, and relying on a virtuous cycle of investment and growth, minister of state for fnance Pankaj Chaudhary said on Tuesday. Responding to an unstarred question in the Rajya Sabha, Chaudhary …

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 …

Telangana formation day | The growth of South Central Railway
1 year, 7 months ago

Telangana formation day | The growth of South Central Railway

The Hindu  

Railways has been chosen as one of the engines of growth by the Modi government and this is reflected in heavy duty investments towards its development and growth across zones, South Central Railway being no exception. The average budgetary allocation for infrastructure projects and safety works, falling fully or partly in Telangana during 2014-19, was ₹1,110 crore a year. The …

Indian Railways desperately needs more trains as 2.70 crore tickets stuck on waiting list in FY 2022-23
1 year, 8 months ago

Indian Railways desperately needs more trains as 2.70 crore tickets stuck on waiting list in FY 2022-23

India TV News  

In a shocking revelation, a response to an RTI query exposed the burden of passengers on Indian Railways. According to the RTI, more than 2.7 crore passengers could not travel by train in 2022-23 despite buying tickets because of being waitlisted. According to a reply to an RTI plea filed by Madhya Pradesh-based activist Chandra Shekhar Gaur, the Railway Board …

Centre has been generous in funding 17 metro rail projects across the country
1 year, 9 months ago

Centre has been generous in funding 17 metro rail projects across the country

The Hindu  

The Centre may have found the Hyderabad Metro Rail second phase project from Lakidikapul as “not feasible”, but it has been quite generous in allocating funds to the tune of ₹20,385.62 crore in total for about 17 metro rail and a Regional Rapid Transit System for the National Capital Region in 2022-23, while funds allocated the previous year for these …

Railways gears up to meet power sector’s summer coal demand
1 year, 9 months ago

Railways gears up to meet power sector’s summer coal demand

The Hindu  

With the advent of summer, the Ministry of Railways has prioritised the transportation of coal to meet the projected demand for rakes from the power sector. “Loading of rakes for power sector from various sources in the current fiscal from April 2022 to February 2023 is 408 rakes per day against 344 rakes per day in last year, which is …

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 …

Revenue surplus budget with no proposed taxes for poll-bound Karnataka
1 year, 10 months ago

Revenue surplus budget with no proposed taxes for poll-bound Karnataka

Hindustan Times  

Chief minister Basavaraj Bommai on Friday promised comprehensive development and renovation of temples and monasteries and announced ₹425 crore allocation for it as he presented a revenue surplus budget with no proposed taxes months before Karnataka is due to go to the polls this year. “In the next two years, comprehensive development and renovation of temples and mutts will be …

Uttar Pradesh to get highest share of modernisation funds allocated to Railways
1 year, 11 months ago

Uttar Pradesh to get highest share of modernisation funds allocated to Railways

India TV News  

Uttar Pradesh has got the lion's share - Rs 17,507 crore from Rs 2.4 lakh crore allocated to the Railways in the Union Budget 2023-24. According to Union Railway Minister Ashwini Vaishnaw, in the Rail Budget 2023-24, Uttar Pradesh will get Rs 17,507 crore, Madhya Pradesh Rs 13,607 crore, Rajasthan Rs 9532 crore, Uttarakhand Rs 5400 crore, Punjab Rs 4762 …

TS gets big hike in railway budget Rs 600 crore for MMTS
1 year, 11 months ago

TS gets big hike in railway budget Rs 600 crore for MMTS

Deccan Chronicle  

HYDERABAD: From the highest-ever capital outlay of Rs 2.4 lakh crore that the Union Budget has provided to railways, Telangana received a significantly higher share of Rs 4,418 crore, which is 45 per cent more than the Rs 3,048 crore given last fiscal. Of that, Rs 600 crore has been earmarked for the Phase II of Multi-Modal Transport System in …

Record allocation for Odisha rail projects in Union Budget: Vaishnaw
1 year, 11 months ago

Record allocation for Odisha rail projects in Union Budget: Vaishnaw

India TV News  

Railway Minister Ashwini Vaishnaw on Friday said the Centre has allocated a record Rs 10,012 crore for various rail projects in Odisha in the Union Budget. “Odisha had sought an allocation of Rs 8,400 crore, but PM Narendra Modi has provided Rs 10,012 crore, the highest-ever railway allocation for the state, for the 2023-24 financial year,” Vaishnaw told reporters at …

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 …

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