Category: News

Budget 2023: A look at how Railways to use Rs 2.41 crore

Union Budget: Indian Railways is set to undergo unprecedented modernization and expansion in FY 2023-24. In the Union Budget announced on February 01, the Railways received a capital outlay of Rs 2,41,267.51 crore. The allocation is about nine times the outlay made since 2013-14. Investment in focus The ministry is looking to focus on investing […]
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Indian Railways placed highest-ever order for 84,000 wagons

The Indian Railways have placed an order for 84,000 wagons, the highest in the national transporter’s history. This will help boost the railways’ freight transportation share to 45 per cent by 2030 from the current 27 per cent, Union minister Darshana Jardosh said. Various schemes for the purchase of special types of wagons have also […]
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Budget 2022: Indian Railways capex at all-time high of Rs 2.45 trillion

The capex for 2022-23 includes Rs 1.37 trillion from general revenues, Rs 1.08 trillion from Internal and Extra Budgetary Resources and Rs 200 crore from Nirbhaya fund With the government giving an extra thrust on PM GatiShakti, the Indian Railways is set to see its highest-ever capital expenditure (capex) of Rs 2.45 trillion for 2022-23, […]
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Why Budget 2022 brings cheer to rail sector, and how Vande Bharat can aid cash-strapped Railways

FM Sitharaman announced that in next 3 years, railways will manufacture 400 Vande Bharat trains, while 100 greenfield multimodal cargo terminals will also be constructed. New Delhi: The rail industry is upbeat about Finance Minister Nirmala Sitharaman’s Budget 2022-23 proposals for the Indian Railways (IR), for understandable reasons. Over the next three years, IR will manufacture […]
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