Govt outlines highest ever Rs 2.40 lakh crore boost for Indian Railways in Budget

Govt outlines highest ever Rs 2.40 lakh crore boost for Indian Railways in Budget

Daily Current Affairs   /   Govt outlines highest ever Rs 2.40 lakh crore boost for Indian Railways in Budget

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Category : Business and economics Published on: February 04 2023

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  • Nirmala Sitharaman has announced a Rs 2.40 lakh crore boost for the Indian Railways, increasing the budgetary allocation for the sector.
  • This is the highest capital outlay for railways and is 9x over FY2014.
  • Railways is one of the key drivers of the PM GatiShakti scheme and the National Logistics Policy. 
  • The PM GatiShakti – the National Master plan for multi-modal connectivity – has a size of Rs 100 lakh crore, which aims to achieve decongestion of railway infrastructure by 51% by 2024-25.
  • One hundred critical transport infrastructure projects, for last and first mile connectivity for ports, coal, steel, fertilizer, and food grains sectors have been identified. 
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