Budget: ₹1,08,795 cr will be dedicated to safety measures, says Railway minister
5 months 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 safety-related activities, which include, replacement of old tracks, improvement in the signalling system, construction of rail over and rail under bridges, and to install Kavach,” Vaishnaw said. In the third term of this government, Railways has continued to get a boost.” He also said that an upgraded version of the automatic train-protection system -- Kavach 4.0 had got approval from the Research Designs and Standards Organisation three days ago.

Railways Budget Railway Rail 10 Years Vaishnaw Kavach  minister  cr  lakh  rail  108795  railways  system  safety  dedicated  railway  union  measures  budget  vaishnaw  km  kavach

History of this topic

HBL Power Systems shares soar 6.5% to record high after securing ₹1,522 crore Kavach order
1 week ago

HBL Power Systems shares soar 6.5% to record high after securing ₹1,522 crore Kavach order

Live Mint  

Stock Market Today: HBL Power Systems, a leading player in the battery and power systems sector, saw its shares surge by 6.5% in intraday trade on Monday, December 16 to a fresh all-time high of ₹739.65 per share following a significant order win. KAVACH, also known as the Train Collision Avoidance System or Automatic Train Protection System, is an advanced …

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 …

₹60,000 crore investment opportunity by railways in West Bengal: Ashwini Vaishnaw
2 months, 3 weeks ago

₹60,000 crore investment opportunity by railways in West Bengal: Ashwini Vaishnaw

The Hindu  

Railway Minister Ashwini Vaishnaw on Wednesday announced that there is a ₹60,000-crore investment opportunity by the railways in West Bengal. "₹60,000 crore investment opportunity by the railways exists in West Bengal," Mr. Vaishnaw said after inaugurating several railway projects and train services at Sealdah station. Mr. Vaishnaw also mentioned that there are 26 km of Metro railway projects where work …

Railway Budget 2024: Telangana gets record railway budget allocation of ₹5,336 crore
4 months, 4 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 …

Railway Minister Ashwini Vaishnaw reveals key focus areas in Railway Budget 2024 | DETAILS
5 months ago

Railway Minister Ashwini Vaishnaw reveals key focus areas in Railway Budget 2024 | DETAILS

India TV News  

Union Railway Minister Ashwini Vaishnaw emphasized on Wednesday, July 24, that a significant portion of the budget is allocated to upgrading Indian Railways, making it a key focus area for the government. He elaborated on the Railway Budget 2024, detailing the allocation of funds to various states to accelerate infrastructure development and ​also elaborated on the status of the ongoing …

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 …

Budget 2024 — Major Chunk Of Railways Allocation Meant For Safety-Related Work, Installing Kavach: Ashwini Vaishnaw
5 months ago

Budget 2024 — Major Chunk Of Railways Allocation Meant For Safety-Related Work, Installing Kavach: Ashwini Vaishnaw

ABP News  

New Delhi, Jul 23 The Indian Railways will spend a major chunk of its budgetary allocation on train safety-related activities and the installation of the automatic train-protection system known as "Kavach", Railway Minister Ashwini Vaishnaw said on Tuesday while commenting on the Union Budget 2024-25. "A big chunk of this allocation -- Rs 1,08,795 crore -- is meant for safety-related …

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 …

Will use ₹1.08 lakh crore Railway budget 2024 allocation to boost safety, says Ashwini Vaishnaw
5 months ago

Will use ₹1.08 lakh crore Railway budget 2024 allocation to boost safety, says Ashwini Vaishnaw

Live Mint  

Amid spate of accidents in the recent days, the Union Minister Ashwini Vaishnaw on Tuesday said the Railways Ministry would use the ₹1.08 lakh crore budget 2024 allocation to “boost safety”. Addressing a post-budget conference, Vaishnaw said, “ ₹1.08 lakh crore of budget allocation to Indian Railways will be used to boost railway safety in 2024-25.” Sharing the news of …

Railway Minister Ashwini Vaishnaw: Railways to invest ₹1 lakh crore in Odisha in next five years
5 months, 3 weeks ago

Railway Minister Ashwini Vaishnaw: Railways to invest ₹1 lakh crore in Odisha in next five years

The Hindu  

Railway Minister Ashwini Vaishnaw on June 30 said new railway projects worth ₹1 lakh crore will be implemented in Odisha in the next five years. “Though many mega railway projects have been sanctioned, those were delayed due to delay in land acquisition by the previous BJD government,” said Mr. Vaishnaw, adding, “Now double engine government is formed and the pace …

Union Interim Budget Proposes Rs 9,138 Crore for Railway Projects in AP for 2024-25 Fiscal
10 months, 3 weeks 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
10 months, 3 weeks 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 …

Union Budget allocates ₹55 crore for Mangaluru Railway Region of Southern Railway
10 months, 3 weeks ago

Union Budget allocates ₹55 crore for Mangaluru Railway Region of Southern Railway

The Hindu  

The interim Union Budget presented by Union Finance Minister Nirmala Sitharaman on Thursday set apart over ₹55 crore for works in Mangaluru Railway Region, including ₹50 crore for line-doubling between Southern Railway’s Jokatte Railway Station and Konkan Railway Corporation’s Thokur Railway Station. Other works Apart from allocating funds for Jokatte-Thokur line-doubling, the Budget has also allocated ₹4.74 crore towards completing …

₹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. …

How many trains in India have ‘Kavach’ installed? Railways minister replies
1 year, 5 months ago

How many trains in India have ‘Kavach’ installed? Railways minister replies

Hindustan Times  

The indigenously developed ‘Kavach’ automatic protection technology has been in the news since the horrific triple train accident in Odisha's Balasore last month, which claimed lives of nearly 300 passengers and injured more than 800. During the ongoing Monsoon session of Parliament, Communist Party of India MP Binoy Viswam had asked a series of questions from railways minister Ashwini Vaishnaw …

Record allocation for Odisha rail projects in Union Budget: Vaishnaw
1 year, 10 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, 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 …

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 …

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: 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 …

'No concession for senior citizens in trains as expenses are too high: Railways Minister Ashwini Vaishnaw
2 years ago

'No concession for senior citizens in trains as expenses are too high: Railways Minister Ashwini Vaishnaw

India TV News  

Senior citizen concession tickets: Railways Minister Ashwini Vaishnaw hinted that the concessions given to the senior citizens in the railways may not be restored, citing excessive expanses of the national transporter. As of now, as he said that Rs 59,000 crore subsidy for the passenger services was given last year and the pension and salary bills of the public transporter …

Union Budget: Rs 2,553 crore allocated for Vizag based Waltair Railway Division
2 years, 10 months ago

Union Budget: Rs 2,553 crore allocated for Vizag based Waltair Railway Division

Deccan Chronicle  

Visakhapatnam: The Centre allocated a budget of Rs 2552.812 crores for Visakhapatnam based Waltair division of East Coast Railway for the new fiscal 2022-23. Speaking to Deccan Chronicle, Satpathy said that there has been a significant increase in outlay for Doubling, Road Safety works, Road under Bridge and Over Bridges, and New line constructions. Towards Traffic facility works an amount …

Budget 2022: Railway Ministry gets Rs 1,40,367.13 crore
2 years, 10 months ago

Budget 2022: Railway Ministry gets Rs 1,40,367.13 crore

India Today  

The Railway Ministry has been allocated Rs 1,40,367.13 crore in the Union Budget 2022 tabled by Finance Minister Nirmala Sitharaman on Tuesday. Integration of posts and railways will bring better logistics solutions for people living in remote areas.#AatmaNirbharBharatKaBudget — Ashwini Vaishnaw February 1, 2022 He also said that the Railways will introduce new products and services for small farmers and …

Union Budget 2022 | Record allocation of ₹1.37 lakh crore for Railways
2 years, 10 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 2022: 'Aggrevated' Telangana writes wish list to Centre, seeks Rs 14,000 Cr for projects
2 years, 11 months ago

Union Budget 2022: 'Aggrevated' Telangana writes wish list to Centre, seeks Rs 14,000 Cr for projects

India TV News  

Highlights Telangana govt, which has been unhappy with Centre for doing "injustice" wrote a wishlist for budget T'gana put forward the sector-wise list of demands ahead of presentation of Union Budget on Feb 1 T'gana sought Rs 897 crore for infrastructure works at Kakatiya Mega Textile Park among others. Including Hyderabad in the proposed defence industrial production corridor, funds for …

Discover Related