Railway Budget 2024-25: Record Allocation and Key Highlights
The Indian Railways has been allocated a record capital expenditure (Capex) of Rs 2,62,200 crore for the fiscal year 2024-25, maintaining the same level as announced in the Interim Budget 2024. This allocation is part of the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman, with Gross Budgetary Support of Rs 2,52,200 crore for Railways, up from Rs 2,40,200 crore in 2023-24 and significantly higher than Rs 28,174 crore in 2013-14.
Union Minister Ashwini Vaishnaw emphasized the economy’s resilience and strong footing, combining welfare, fiscal prudence, capital investment, and manufacturing. He highlighted that the budget continues the economic policies focused on inclusive growth by Prime Minister Narendra Modi’s government over the last decade.
The Railways adopted a new approach for infrastructure development under the PM Gati Shakti Mission, identifying:
The Daily Current Affairs Quiz which keeps you updated with the current events happening all…
Traffic congestion is a serious problem in many Asian cities, affecting millions of people every…
Uttar Pradesh is a state rich in culture, history, and religious significance. Among its many…
Many countries around the world have unique nicknames that reflect their culture, history, or geography.…
The World Day of Remembrance for Road Traffic Victims (WDR) is observed on the third…
On the occasion of the inauguration of Symbiosis International University’s first international campus at Dubai…