UP to receive biggest share of fund for railway modernisation
07 Feb 2023
2 Min Read
CW Team
Out of the Rs 2,400 billion that was allotted to the Railways in the Union Budget for 2023鈥�24, Uttar Pradesh received the lion's share, or Rs 175.7 billion. This time, the Centre has announced a budget for the Railways of Rs 2.4 lakh crore. For new programmes, this will cost Rs 750 billion.
The budget allocated this time was the greatest in history, according to Indian Railways. In 2013鈥�14, Railways contributed Rs 281.74 billion of the total. Following this, Rs 1591 billion was received in 2022鈥�23, and as of right now, Rs 2,400 billion has been received for this fiscal year (2023鈥�24).
This is roughly a nine-fold rise from 2013鈥�14 and a 51% increase from 2022鈥�23, according to Railways. On the other side, the maximum budget obtained by the National Capital Region, or Delhi, has increased 26 times on a state-level. This means that although Delhi had a budget of Rs 960 million in 2013鈥�14, Rs 24.77 billion has been allotted this year. The budget for the railways is 21 times higher in Punjab. Following this, Gujarat and Uttar Pradesh both received budget increases of 14 and 16 times, respectively.
According to Ashwini Vaishnaw, Union Minister for Railways, Uttar Pradesh will receive Rs 175.07 billion in the Rail Budget 2023鈥�24, Madhya Pradesh Rs 136.07 billion, Rajasthan Rs 953.2 billion, Uttarakhand Rs 54 billion, Punjab Rs 476.2 billion, Delhi Rs 247.7 billion, Haryana Rs 224.7 billion, Himachal Pradesh Rs 183.8 billion, Rajasthan Rs 95.32 billion, Bihar Rs 850.5 billion.
The Railways will focus exclusively on infrastructure construction and the earliest possible restart of high-speed trains during the election year. The majority of this funding will go into green trains, such as hydrogen trains, green energy, tourism, high-speed trains, and significant corridors.
Also read:
Put airport corridor in the fast lane too; Bengaluru experts
Sarai Kale Khan RRTS to connect to various existing transport systems
Out of the Rs 2,400 billion that was allotted to the Railways in the Union Budget for 2023鈥�24, Uttar Pradesh received the lion's share, or Rs 175.7 billion. This time, the Centre has announced a budget for the Railways of Rs 2.4 lakh crore. For new programmes, this will cost Rs 750 billion.
The budget allocated this time was the greatest in history, according to Indian Railways. In 2013鈥�14, Railways contributed Rs 281.74 billion of the total. Following this, Rs 1591 billion was received in 2022鈥�23, and as of right now, Rs 2,400 billion has been received for this fiscal year (2023鈥�24).
This is roughly a nine-fold rise from 2013鈥�14 and a 51% increase from 2022鈥�23, according to Railways. On the other side, the maximum budget obtained by the National Capital Region, or Delhi, has increased 26 times on a state-level. This means that although Delhi had a budget of Rs 960 million in 2013鈥�14, Rs 24.77 billion has been allotted this year. The budget for the railways is 21 times higher in Punjab. Following this, Gujarat and Uttar Pradesh both received budget increases of 14 and 16 times, respectively.
According to Ashwini Vaishnaw, Union Minister for Railways, Uttar Pradesh will receive Rs 175.07 billion in the Rail Budget 2023鈥�24, Madhya Pradesh Rs 136.07 billion, Rajasthan Rs 953.2 billion, Uttarakhand Rs 54 billion, Punjab Rs 476.2 billion, Delhi Rs 247.7 billion, Haryana Rs 224.7 billion, Himachal Pradesh Rs 183.8 billion, Rajasthan Rs 95.32 billion, Bihar Rs 850.5 billion.
The Railways will focus exclusively on infrastructure construction and the earliest possible restart of high-speed trains during the election year. The majority of this funding will go into green trains, such as hydrogen trains, green energy, tourism, high-speed trains, and significant corridors.
Also read:
Put airport corridor in the fast lane too; Bengaluru experts Sarai Kale Khan RRTS to connect to various existing transport systems
Next Story
South West Pinnacle Wins Rs 30 Cr Oman Mining Contract
South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman鈥檚 investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle鈥檚 growing footprint in international exploration and mining services.
..
Next Story
Godrej GEG Boosts Intralogistics with AI and Green Tech
Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20鈥�25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..
Next Story
Amit Shah Inaugurates Key Projects Across Gujarat
Union 亚博体育官网首页 Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat鈥檚 Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state.
..