Railway Budget

India struck a balance between greater spending on jobs and rural development as well as transferring more funds to states, while narrowing the fiscal deficit, the 2024-25 budget unveiled on Tuesday showed. It though was silent on the Railways.

The Monsoon Session of the Parliament commenced today amid issues ranging from the NEET paper leak case to railway safety. 

As the country waits to see what the Budget has in store, let's recall the history of the Railway Budget, which was once a separate entity, but is now merged with the Union Budget.

Prime Minister Narendra Modi on Tuesday listed initiatives like a six-fold budget increase from 2014 and assured the countrymen that in the next five years, the transformation of railways will exceed their imagination.

Expecting to close the financial year having laid 5,500 km of new tracks, India is practically adding a new Switzerland to its railway network every year, Union Minister Ashwini Vaishnaw has said.

Emphasising that the Centre will retain its focus on enhancing connectivity and passenger comfort, Finance Minister Nirmala Sitharaman said 40,000 normal train coaches will be converted to Vande Bharat standards.

Finance Minister Nirmala Sitharaman today presented Union Budget 2024 in Parliament. This was an interim budget as it came just ahead of the Lok Sabha Elections. No changes were announced in the tax slabs in both old and new regime. 

Every year, the allocations towards Indian Railways are keenly watched during the Union Budget presentation as a major part of government spending goes to the sector. Prior to 2017, the Railway Budget used to be presented separately.

The Indian Railways utilised 59 per cent of its total capital expenditure in the first six months of the financial year 2023-24, Railways Minister Ashwini Vaishnaw said on Saturday.

Union Railway minister Ashwini Vaishnaw brushed aside the opposition's claim that the Union budget presented today does not have anything for the poor or the unemployed, with a big picture argument.

Finance Minister Nirmala Sitharaman today announced big relief for taxpayers and a mega push for capital spending and infrastructure as she unveiled the government's last Budget before the 2024 national election.

To promote the cooperative sector, the government on Wednesday announced a slew of measures, including a concessional tax of 15 per cent to promote new societies focusing on manufacturing and a higher limit of Rs 3 crore for TDS on cash withdrawal.

The defence budget was increased to Rs 5.94 lakh crore for 2023-24 from last year's allocation of Rs 5.25 lakh crore.

Finance Minister Nirmala Sitharaman announced a big ticket budget ahead of next year's general elections which focussed on infrastructure and agri sectors and reworked tax slabs in a relief to the middle class.

Allotment for railways "nine times the outlay made in 2013-14", says Finance Minister, comparing it with year before Narendra Modi-led BJP won power

India struck a balance between greater spending on jobs and rural development as well as transferring more funds to states, while narrowing the fiscal deficit, the 2024-25 budget unveiled on Tuesday showed. It though was silent on the Railways.

The Monsoon Session of the Parliament commenced today amid issues ranging from the NEET paper leak case to railway safety. 

As the country waits to see what the Budget has in store, let's recall the history of the Railway Budget, which was once a separate entity, but is now merged with the Union Budget.

Prime Minister Narendra Modi on Tuesday listed initiatives like a six-fold budget increase from 2014 and assured the countrymen that in the next five years, the transformation of railways will exceed their imagination.

Expecting to close the financial year having laid 5,500 km of new tracks, India is practically adding a new Switzerland to its railway network every year, Union Minister Ashwini Vaishnaw has said.

Emphasising that the Centre will retain its focus on enhancing connectivity and passenger comfort, Finance Minister Nirmala Sitharaman said 40,000 normal train coaches will be converted to Vande Bharat standards.

Finance Minister Nirmala Sitharaman today presented Union Budget 2024 in Parliament. This was an interim budget as it came just ahead of the Lok Sabha Elections. No changes were announced in the tax slabs in both old and new regime. 

Every year, the allocations towards Indian Railways are keenly watched during the Union Budget presentation as a major part of government spending goes to the sector. Prior to 2017, the Railway Budget used to be presented separately.

The Indian Railways utilised 59 per cent of its total capital expenditure in the first six months of the financial year 2023-24, Railways Minister Ashwini Vaishnaw said on Saturday.

Union Railway minister Ashwini Vaishnaw brushed aside the opposition's claim that the Union budget presented today does not have anything for the poor or the unemployed, with a big picture argument.

Finance Minister Nirmala Sitharaman today announced big relief for taxpayers and a mega push for capital spending and infrastructure as she unveiled the government's last Budget before the 2024 national election.

To promote the cooperative sector, the government on Wednesday announced a slew of measures, including a concessional tax of 15 per cent to promote new societies focusing on manufacturing and a higher limit of Rs 3 crore for TDS on cash withdrawal.

The defence budget was increased to Rs 5.94 lakh crore for 2023-24 from last year's allocation of Rs 5.25 lakh crore.

Finance Minister Nirmala Sitharaman announced a big ticket budget ahead of next year's general elections which focussed on infrastructure and agri sectors and reworked tax slabs in a relief to the middle class.

Allotment for railways "nine times the outlay made in 2013-14", says Finance Minister, comparing it with year before Narendra Modi-led BJP won power