You are here: Home » Budget » News
Business Standard

Railway Board lauds Rs 1.10 trn Budget allocation, calls it 'path-breaking'

Finance Minister Nirmala Sitharaman had announced that the central government is allocating Rs 1,10,055 crores for Railways

Topics
Budget 2021 | Indian Railways | Budget Speech

ANI  |  General News 

Passengers board a special train for New Delhi at Bhubaneswar railway station, during the ongoing COVID-19 lockdown, Bhubaneswar
Presenting the Union Budget 2021-22, Sitharaman said that the plan of the government is to create a future-ready Railway system by 2030.

Chairman and Chief Executive Officer (CEO) of the Indian (Ministry of Railways) Suneet Sharma on Monday lauded the Centre's allocation of Rs 1,10,055 crore to Indian Railways, calling it 'path-breaking' and 'transformational'.

"The budget that has come for the Railways is path-breaking, transformational, and is a future-ready budget. It has emphasised capacity enhancement, focus on technology and deliverance. I believe that with the quantum jump that we have been given in this budget, we will finish expansion projects soon," Sharma said.

Speaking about interruptions in railway services due to the ongoing COVID-19 pandemic, he said that about 65 per cent of mail express services have been resumed.

"We have resumed 65 per cent of mail express services. We are trying to completely normalise the services keeping in mind COVID protocol and are discussing the issue with state governments," Sharma told ANI.

Earlier in the day, Finance Minister Nirmala Sitharaman had announced that the central government is allocating Rs 1,10,055 crores for Railways.

She also announced an outlay for capital expenditure amounting to Rs 1,07,100 crores.

Presenting the Union Budget 2021-22, Sitharaman said that the plan of the government is to create a future-ready Railway system by 2030.

"has prepared a National Rail Plan for India 2030. The plan is to create a future-ready railways system by 2030 - bringing down the logistic cost for the industry is at the core of a strategy to enable Make in India. I am providing a record sum of Rs 1,10,055 crores for Railways of which Rs 1,07,100 crores is for capital expenditure only," she said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, February 02 2021. 06:43 IST
RECOMMENDED FOR YOU