Infrastructure
$2.40 lakh crore capital expenditure allocated for the railways.
Catering to the expectation, Finance Minister Nirmala Sitharaman has announced Rs 2.40 lakh crore capital expenditure in the Budget 2023, highest ever in the infrastructure sector for the railways.
This is nine times more than 2013-14 capex, said Sitharaman in her speech.
The capex would be utilised to expand the rail network providing last-mile connectivity to fertiliser, steel and mineral ores.
With the last mile connectivity in the core sector, the railways freight loading would be witnessing a substantial jump as envisaged in the National Rail Plan 2030.
Facing a stiff competition from the road sector, the national transporter has firmed up an action plan to increase its modal share in goods transportation through strengthening last mile and port connectivity across the country.
The Finance Minister has announced a total Rs 10 lakh crore capital expenditure for the infrastructure, which is three times more than the outlay of 2020.
Presenting her fifth budget, she said this is the first budget in the Amrit kaal and a blueprint for India @100.
She further said there is a growth of 7 per cent despite global slump and the aim is that fruits of the development would reach all sections of society.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest