Vande Bharat or Aam Aadmi Rail? How world's largest transporter has changed over a decade
Finance Minister Nirmala Sitharaman, focuses on balancing increased spending on jobs and rural development with transferring more funds to states, while narrowing the fiscal deficit. However, it offered limited new announcements for the Railways, mentioned only once in the Finance Minister's 83-minute speech.
#Budget' 2024 with ET
Budget Highlights: Your 2-minute guide
Tax tweaks, jobs & more: All that FM announced in Budget
FM 's plan for Viksit Bharat: A look at key numbers
Railway Budget 2024: Significant Increase in Railways’ Capital Expenditure
The Economic Survey 2023-24 revealed a 77% increase in capital expenditure for Railways over the past five years, driven by investments in new lines, gauge conversion, and track doubling. The expenditure rose from Rs 1.48 lakh crore in 2019-2020 to Rs 2.62 lakh crore in 2023-24. Railway Minister Ashwini Vaishnaw highlighted the dramatic shift from the pre-2014 annual capex of around Rs 35,000 crore.
«Before 2014, the investment on the capex for Railways used to be of the order of ₹ 35,000 crore. Today it is 2.62 lakh crore. It is a record capex for Railways. I am very grateful to the Prime Minister and Finance Minister for this kind of investment in Railways,» Vaishnaw told NDTV.
Railway Budget 2024: Expanding Infrastructure and Electrification
Modi Budget prioritizes jobless voters who spurned him at polls
Budget 2024: 7 proposals that will cheer the Indian consumers
Budget 2024 shakes up tax rules, hitting stocks, properties, and gold
India defends a Budget move that took
Read more on economictimes.indiatimes.com
