The budget is symbolic
– Photo: istock
Expansion
Union Finance Minister Nirmala Sitharaman will present the first budget of the third term of the Modi government in the Lok Sabha on July 23. The traditional Halwa Ceremony, which takes place before the presentation of Budget 2024, has also been completed. Everyone’s eyes are also fixed on the Finance Minister’s budget to know what will be special for the railways and common passengers in the budget.
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Sources say that there may be an announcement of connecting small cities with railway lines in Budget 2024. The focus in the budget will be on cities with a population of 50,000 to 1 lakh. Apart from this, an increase of 18-19 percent is expected in the railway budget. An allocation of 2.9 -3.0 lakh crores is possible for railways in the budget. Apart from this, the track with a speed of 160 km will be expanded.
In the interim budget, the Finance Minister had allocated Rs 2 lakh 55 thousand crore for Indian Railways. In the upcoming budget, this allocation may increase by 18-19 percent. It may now be around Rs 2.9-3.0 lakh crore. Sources say that the budget will focus on increasing the number of high-speed trains. For this, other tracks like Delhi-Mumbai will be identified and upgraded. Apart from this, the budget may focus on dedicated freight corridors. For this, a decision can be taken to build dedicated freight corridors on the basis of commodity. This means that a corridor will be built through which only metal goods will be transported. Or a corridor will be built through which only energy-related commodities will be transported.