Indian Railways acquired a significant increase from the Union Budget 2023-24 being offered by Union Finance Minister Nirmala Sitharaman within the Parliament on Wednesday.
The Finance Minister in her Budget speech introduced that Indian Railways will get a capital outlay of Rs 2.40 lakh crore, the best ever until date, which can assist roll out main tasks, together with new Vande Bharat trains, electrification of railway traces and others.
The Railways is prone to roll out 75 Vende Bharat trains by August 2023.
As per the Economic Survey 2022-23 launched on Tuesday, Indian Railways has witnessed spectacular progress in capital expenditure (capex) on infrastructure.
As per the Survey, capital expenditure on infrastructure has acquired an amazing increase since 2014. It has seen a steady enhance within the final 4 years with capex (Budget Estimates) of Rs 2.5 lakh crore in FY23, up by round 29 per cent in comparison with the earlier yr.
During the present monetary yr (until December 12, 2022), Indian Railways has already accomplished 2022 monitor kilometres (TKM), which incorporates 109 TKM of recent line, 102 TKM of gauge conversion and 1,811 TKM of multi-tracking tasks.
Source: www.ibtimes.co.in
