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 all unmanned railway crossing across all the broad gauge tracks in the country. He also outlined the achievements of his government stating that the people of India would soon have world-class train experience through semi-high speed train Vande Bharat Express which is a product of Indian engineering. Budget 2019 LIVE updates: Catch all the latest updates The Modi government initiated several reforms in Indian Railways which included complete electrification trying to make India world’s first nation to have its complete railways system on electricity.

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History of this topic

Railways spends 76% capex for capacity improvement by far in 2024-25
1 day, 22 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 …

India Govt to Spend ₹30K Crore on Rail Revamp
3 weeks, 1 day 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 …

Centre to earmark highest ever allocation of for rail safety in union budget
4 weeks, 1 day 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 …

Modi govt approves 3 big Railway projects for Maharashtra, Madhya Pradesh and Uttar Pradesh at a cost of ₹7,927 crore
1 month, 2 weeks ago

Modi govt approves 3 big Railway projects for Maharashtra, Madhya Pradesh and Uttar Pradesh at a cost of ₹7,927 crore

Live Mint  

The Narendra Modi government on Monday approved three railway projects covering seven districts of Maharashtra, Madhya Pradesh and Uttar Pradesh. Further, the government stated that the projects will promote tourism through improved access to various attractions such as Khajuraho UNESCO World Heritage Site, Ajanta & Ellora Caves UNESCO World Heritage Site, Devgiri Fort, Asirgarh Fort, Rewa Fort, Yawal Wildlife Sanctuary, …

What’s the Budget push for infrastructure?
5 months, 1 week 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 …

Covering the Budget
5 months, 2 weeks ago

Covering the Budget

The Hindu  

In India’s media timeline, one of the main annual highlights has generally been covering the Budget session of Parliament. Rail budget – a requiem I remember covering the presentation of the Railways Budget in March 2012, when Trinamool Congress leader Dinesh Trivedi was the Union Railways Minister. There was speculation for weeks about whether rail fares would be raised as …

Odisha Budget 2024-25: Rs 2.65 Lakh Crore Focuses on Welfare and Development
5 months, 2 weeks ago

Odisha Budget 2024-25: Rs 2.65 Lakh Crore Focuses on Welfare and Development

Deccan Chronicle  

Bhubaneswar: The Bharatiya Janata Party-led Odisha government on Thursday presented Rs.2.65 lakh crore budget for the financial year 2024-25 with more special focus on agriculture, infrastructure, welfare and Odia Asmita. Presenting the budget, Chief Minister Mohan Charan Majhi, who also holds the finance portfolio, proposed the administrative expenditure at Rs 97, 725 crore and the programme expenditure of Rs 1,55,000 …

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 …

Railway Minister Ashwini Vaishnaw reveals key focus areas in Railway Budget 2024 | DETAILS
5 months, 2 weeks 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: Placing thrust on infrastructure
5 months, 2 weeks ago

Budget 2024: Placing thrust on infrastructure

The Hindu  

Finance Minister Nirmala Sitharaman accelerated the government’s thrust on the crucial infrastructure sector in her seventh successive Budget presentation and the first of PM Modi’s third term. A massive expansion in urban housing at an investment of ₹10 lakh crore, a rural roads programme worth ₹26,000 crore are among the major features of the big infrastructure push. The Indian economy’s …

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 …

Union Budget 2024-25: No additional allocation for Chandigarh but curbs on new projects go
5 months, 2 weeks ago

Union Budget 2024-25: No additional allocation for Chandigarh but curbs on new projects go

Hindustan Times  

The Budget allocated to Chandigarh, in the Union Budget 2024-25, presented by finance minister Nirmala Sitharaman on Tuesday, remains the same as the interim budget of ₹6,513 crore. A senior officer of the finance department said, “Our budget remains the same but now we can spend money on the announced projects as the cap has been removed.” At ₹6,513 crore, …

Letters to The Editor — July 24, 2024
5 months, 2 weeks ago

Letters to The Editor — July 24, 2024

The Hindu  

Union Budget 2024-25 Contrary to the previous Budgets, it is quite appreciable to note nine priority items have been framed for focused attention and to ensure overall development. E-vouchers and financial support to students for a sum of up to ₹10 lakh for higher education in domestic institutions and upgrading 1,000 ITIs as a hub and spoke model are novel …

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 …

The budget echoes the Developed India vision
5 months, 2 weeks ago

The budget echoes the Developed India vision

Hindustan Times  

Finance minister Nirmala Sitharaman has meticulously assessed India’s economic vitality. New Delhi, India - July 23, 2024: Union Finance Minister Nirmala Sitharaman during Post Budget Press Conference at National Media Centre, in New Delhi, India, on Tuesday, July 23, 2024. Budget 2024 unveiled a comprehensive strategy built on nine foundational pillars — agriculture, employment, inclusive development, manufacturing and services, urban …

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 2024 provides blueprint for a self-reliant, developed India: U.P. CM Yogi
5 months, 2 weeks ago

Union Budget 2024 provides blueprint for a self-reliant, developed India: U.P. CM Yogi

Hindustan Times  

Hailing the Union Budget 2024, Uttar Pradesh chief minister Yogi Adityanath on Tuesday said the budget presented under the leadership of PM Narendra Modi will prove to be all-encompassing, all inclusive, and development-oriented, meeting the hopes, aspirations and resolutions of 140 crore Indians. UP chief minister Yogi Adityanath congratulated Union finance minister Nirmala Sitharaman and her team. In a media …

Union Budget evokes mixed response from Andhra’s political leaders, industry bodies
5 months, 2 weeks ago

Union Budget evokes mixed response from Andhra’s political leaders, industry bodies

The Hindu  

The Union Budget-2024, presented by Finance Minister Nirmala Sitharaman in the Lok Sabha on July 23, has evoked mixed response from political parties, trade unions and trade bodies. ‘No clarity on funds’ CPI State secretariat member K. Lokanadham said that the Union budget had ‘once again deceived A.P.’ by failing to give clarity on the amount of funds allocated to …

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 …

Union Budget 2024: Sector-Wise Allocation Puts Defence At The Top. Full Details Inside
5 months, 2 weeks 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 …

Union Budget 2024: 7 key figures to gauge Indian economy's health under Sitharaman
5 months, 2 weeks ago

Union Budget 2024: 7 key figures to gauge Indian economy's health under Sitharaman

Hindustan Times  

Union finance minister Nirmala Sitharaman presents the Union Budget 2024 in Parliament today, marking her seventh consecutive budget, surpassing the late Morarji Desai's record of six. Follow- Budget 2024 Live Updates Key numbers to watch for the first full Budget of Modi 3.0 Fiscal Deficit: • The budgeted fiscal deficit for the current fiscal year is projected at 5.1%, down …

Union Budget 2024: What politicians expect - addressing unemployment and inflation issues, increasing fund assistance
5 months, 2 weeks ago

Union Budget 2024: What politicians expect - addressing unemployment and inflation issues, increasing fund assistance

Live Mint  

Union Budget 2024: Finance Minister Nirmala Sitharaman will present the Union Budget for 2024-2025 in Parliament today, July 23, 2024, at 11:00 a.m. Minutes before the unveiling of the Union Budget, Shiv Sena MP Priyanka Chaturvedi told ANI, “I hope Nirmala Sitharaman ji will provide some relief from rising inflation and unemployment and the government will talk about 'Jan ki …

Union Budget 2024: Read Finance Minister Nirmala Sitharaman's full speech
5 months, 2 weeks ago

Union Budget 2024: Read Finance Minister Nirmala Sitharaman's full speech

India Today  

Union Finance Minister Nirmala Sitharaman presented the first budget of the Narendra Modi government’s third term on Tuesday in Parliament. Budget Priorities Productivity and resilience in Agriculture Employment & Skilling Inclusive Human Resource Development and Social Justice Manufacturing & Services Urban Development Energy Security Infrastructure Innovation, Research & Development and Next Generation Reforms Subsequent budgets will build on these, and …

Nitish hails Union Budget, says special care taken to address Bihar's needs
5 months, 2 weeks ago

Nitish hails Union Budget, says special care taken to address Bihar's needs

New Indian Express  

PATNA: Bihar Chief Minister Nitish Kumar on Tuesday said that the Union Budget for the year 2024-25 was positive and commendable and also extended special thanks to Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for taking special care of the state’s needs in the budget. Talking to media persons, Nitish said, “The announcements made for Bihar in …

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 …

Railway Budget 2024: When is it? What to expect? All your questions answered
5 months, 3 weeks 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 …

Union Budget 2024 Expectations LIVE: Will FM Nirmala Sitharaman Increase Section 80C Deduction Limit?
5 months, 3 weeks ago

Union Budget 2024 Expectations LIVE: Will FM Nirmala Sitharaman Increase Section 80C Deduction Limit?

News 18  

Budget 2024 Expectations from Education Sector Union Budget 2024 Latest Updates: In the new globalised world, education has become the passport to progress and students across India are looking for opportunities. Budget 2024 Wishlist from Healthcare Sector Union Budget 2024 Latest Updates: Healthcare is a rapidly growing sector in the country but needs attention from the government to ensure access …

Delhi Budget: Transport decelerated with 40% budget cut...
10 months ago

Delhi Budget: Transport decelerated with 40% budget cut...

New Indian Express  

NEW DELHI: Public transport, the city’s lifeline, saw a major decline in budget allocation in fiscal provisions for 2024-25. The Delhi government has allocated 5,702 crore to the transport sector and related infrastructure, a reduction of 39% from the previous fiscal year, when the government had set aside Rs 9,337 crores in 2023-24 for this sector. Atishi, presenting the budget, …

Prime Minister Modi lays foundation stone for development of railway stations in Chennai Division
10 months, 2 weeks ago

Prime Minister Modi lays foundation stone for development of railway stations in Chennai Division

The Hindu  

Prime Minister Narendra Modi on Monday laid the foundation stone through video conferencing for the development of seven railway stations in the Chennai division — Ambattur, Chennai Beach, Chennai Park, Mambalam, Guindy, St. Thomas Mount, and Sullurpeta — under the Amrit Bharat Station Scheme of the Centre and seven road overbridges and 28 subways. According to a release, various railway …

‘Historic day for Indian Railways’, says PM Modi
10 months, 2 weeks ago

‘Historic day for Indian Railways’, says PM Modi

Live Mint  

Prime Minister Narendra Modi will lay the foundation stone for upgrading the Gurugram railway station on Monday, February 26, and dedicate around 2,000 railway infrastructure projects worth ₹41,000 crore via video conferencing. Here are top updates on railway project inauguration today, 1) PM Modi will lay the foundation stone for redeveloping 553 railway stations under the Amrit Bharat scheme which …

Delhi budget: Special focus on development of roads in rural pockets
10 months, 3 weeks ago

Delhi budget: Special focus on development of roads in rural pockets

The Hindu  

The AAP government's budget will have special focus on development of roads in rural pockets of the national capital, according to sources in the government. In its budget, the government is likely to propose a project for redevelopment of around 1,000 km of roads in villages for which a four-fold increase in allocation to the development department is expected, the …

PM Modi hails Cabinet nod to 6 railway multi-tracking projects
11 months ago

PM Modi hails Cabinet nod to 6 railway multi-tracking projects

Live Mint  

Welcoming the Cabinet's nod to six multi-tracking projects of the Indian Railways, Prime Minister Narendra Modi said they will enhance transportation efficiency and help reduce congestion on busy railway networks. Taking to X, PM Modi wrote, “Today's Cabinet decision pertaining to the Railways sector will boost infrastructure, reduce congestion on busy routes and improve commerce as well as connectivity.” The …

Focus on infrastructure to propel state’s growth: Odisha Finance Minister
11 months ago

Focus on infrastructure to propel state’s growth: Odisha Finance Minister

New Indian Express  

BHUBANESWAR : Finance Minister Bikram Keshari Arukha described the interim budget placed by him in the Assembly on Thursday as growth-oriented and meant for welfare of people. The finance minister has proposed Rs 6,194 crore for road development programme and Rs 100 crore for Biju Expressway. Chief Minister Naveen Patnaik had approved the Metro rail project for Bhubaneswar connecting Biju …

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 …

No cuts in Interim Budget allocations: Nirmala
11 months ago

No cuts in Interim Budget allocations: Nirmala

Deccan Chronicle  

New Delhi: Exuding confidence in India’s economic growth, Union finance minister Nirmala Sitharaman on Wednesday said that all the allocations have not been cut under any head in the interim Budget for 2024-25, rather it has either remained the same or gone up in FY25 Budget in the flagship schemes. Meanwhile, the Lok Sabha also passed the Rs 47.66-lakh-crore interim …

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, 1 week 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 …

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 …

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: Three new economic corridors for railways, says Finance Minister in speech
11 months, 1 week ago

Budget 2024: Three new economic corridors for railways, says Finance Minister in speech

The Hindu  

Touching upon measures that will be taken to expand India’s railway infrastructure, Finance Minister Nirmala Sitharaman announced three major railway economic corridors. Ms. Sitharaman said that railway projects have been identified under the PM Gati Shakti Yojana for enabling multi-modal connectivity. She also highlighted that decongestion of high traffic corridors will result in improving operations, which in turn would “result …

Budget may focus on welfare, infra, adhere to fisc glide path
11 months, 1 week 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
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 …

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. …

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