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Within the old year’s Union finances, the Modi authorities allocated a file $28.9 billion (Rs 2.4 lakh crore) to the railways ministry for the monetary year 2023-2024. This quantity changed into nine times of allocation in FY 2013-14.
Indian Finance Minister Nirmala Sitharaman presented the intervening time finances 2024 on Thursday (Feb 1). The railways ministry changed into allocated a complete of Rs 2.55 lakh crore (2.5 trillion).
In her speech, Finance Minister Sitharman said that three critical financial hall programmes might perhaps well be applied by the authorities. “These are vitality, mineral and cement corridors; port connectivity corridors, and high traffic density corridors,” Sitharaman said.
“The projects had been known under the PM Gati Shakti for enabling multi-modal connectivity. They can reinforce logistics effectivity and sever designate,” Sitharaman said.
“The consequent decongestion of the high-traffic corridors can even back in making improvements to operations of passenger trains, resulting in security and better shuttle tempo for passengers,” she added.
The finance minister also said that alongside with devoted freight corridors, these three financial hall programmes will urge India’s Horrible Home Product (GDP) and sever logistic costs.
’40k trains to be transformed to Vande Bharat requirements’
Throughout her intervening time finances speech, Finance Minister Sitharaman said that 40,000 typical prepare bogeys might perhaps well be transformed to the Vande Bharat requirements to enhance the security, comfort and luxurious of passengers.
VIDEO | “Railways: Three critical Railway financial corridors programmes might perhaps well be applied. These are vitality, mineral and cement hall; port connectivity corridors and high traffic density corridors. The projects had been known under the PM Gati Shakti for enabling… pic.twitter.com/zD0fJ4vp1R
— Press Belief of India (@PTI_News) February 1, 2024
“Now we own a quick-expanding middle class, and quick urbanisation is taking plight. Metro and NaMo Bharat might perhaps well perchance well also merely be the catalyst for the critical city transformation,” she added.
This changed into Sitharaman’s sixth Union finances. She holds the title for presenting the longest finances speech through interval.
Then again, this year’s speech changed into the shortest, lasting for 57 minutes. Her finances speech in 2020 changed into two hours and 42 minutes long.
What took place in last year’s finances?
Within the old year’s Union finances, the Modi authorities allocated a file Rs 2.4 lakh crore to the railways ministry for the monetary year 2023-2024. This quantity changed into nine times what changed into allocated within the FY 2013-14.
