Railway Minister Ashwini Vaishnaw announced an allocation of Rs 23,778 crore for Maharashtra in the Union Budget, one of the highest, which will also include plans to introduce as many as 238 air-conditioned local trains.
While PSU stocks took a hit from the Budget’s muted capex allocation, analysts expect an uneven impact across capex-linked sectors. While sectors like railways and infra, may struggle, defence could continue to hold ground.
The country can expect "200 new Vande Bharat trains, 100 Amrit Bharat trains, 50 Namo Bharat rapid rail and 17,500 general non-AC coaches in next two to three-years time", the minister said.
In the previous Union Budget 2024-25, presented on July 23, the railway ministry received a record allocation of a little over Rs 2.62 lakh crore for capital expenditure.
Railway Budget 2025: Ahead of the Budget presentation, Indian Railways released its expenditure report on January 5 last week. In the report, the Railways said that it had spent 76 percent of the total budgetary allocation.
Railway Minister Ashwini Vaishnav told reporters on July 23 that out of the total budget allocation Rs 1.08 lakh will be used to boost railway safety in 2024-25.
Railway stocks like RVNL, IRFC, Ircon International, RailTel Corporation of India, and Texmaco Rail & Engineering fell around 1-5 percent after FM Sitharaman's Budget Speech concluded on July 23
In the Interim Budget for FY25, Finance Minister Nirmala Sitharaman allocated Rs 2,52,200 crore to railways as gross budgetary support, plus an additional Rs 10,000 crore from extra-budgetary resources.
Under the proposed scheme, the government plans to offer output-linked incentives to companies producing items such as wheels, brakes, transmission systems, and other parts that are typically imported.
Railway stocks such as RVNL, RailTel, IRCON and IRFC jumped on June 21, extending the last one year's stellar gains, as investors hope for a continued government thrust on infrastructure development.
CareEdge Ratings anticipates a budgetary allocation of around Rs 3 lakh crore for the railway sector in Union Budget 2024-25, reflecting a 25 percent increase from the previous year
Taking a swipe at the government, Moily said they are talking of bullet trains when the basics have not been rectified nor sufficient modernisation and technology has been put in place.
The trains will initially run on narrow-gauge heritage routes operated by the Kalka-Shimla Railway, the Darjeeling Himalayan Railway, the Nilgiri Mountain Railway, the Matheran Hill Railway, and others.
Finance Minister Nirmala Sitharaman will present Budget 2022 in the Lok Sabha on February 1 - which will be the sixth combined budget since the rail budget merged with the union budget in 2017.
Allocations for infrastructure exceeds the Street's estimates. Roads, railways, urban infrastructure have got the lion's share of allocation in the Budget 2021-22
Cheer for middle income tax payers. FM Goyal announces tax rebate and increase in standard deduction.
FM Arun Jaitley has presented the Union Budget for 2018-19 in Parliament. The Budget was perceived as favouring the rural populace but wasn't very well received by financial markets.
The allocation for passenger comfort has gone up from Rs 1,100.90 crore in 2017-2018 to Rs 1,657 crore in the Union budget presented by Finance Minister Arun Jaitley.
This is the Narendra Modi government’s last full-fledged Budget before the 2019 General Elections. Next year, the government will present a Vote on Account instead of a traditional budget.
The Railways Budget was used by the respective ministers as a tool to please voters in his/her State
"Santa Claus comes only when he wishes to. He will not come when you want him to come. The railways has been waiting for Santa Claus for too long," he said addressing a gathering after launching various infrastructure projects of the Konkan Railway simultaneously in Maharashtra and Karnataka.
Seven new lines, covering 3,123 kilometres and several other projects, have been sanctioned by the government for Maharashtra, in the Union Budget 2017-18 presented by finance minister Arun Jaitley. This year, the Railway Budget R
The rating agency also expressed concern over the budgeting of lesser capital -- Rs 10,000 crore -- for infusion into public sector banks in 2017-18, which it said is a "credit negative".
Outlining that India has been singled out as a bright spot in the global economy by both the International Monetary Fund (IMF) and the World Bank, Jaitley said: "Inflation has been controlled, low growth has been replaced with high growth and a massive war against black money has been launched."
Government is contemplating to make Aadhaar or Unique Identification (UID) card mandatory to avail rail concession, and an announcement is likely to be made by Finance Minister Arun Jaitley while presenting the first combined General and Railway Budget on February 1.