In a few days, the nation will receive the presentation of the Union Budget 2023. There will probably be a lot of significant announcements in this budget. The government can also make a number of significant announcements on the Indian Railways in the interim.
These notifications may also contain information regarding the operation of numerous new trains. Additionally, there is a chance that an announcement will be made on high-speed trains. High-speed trains continue to be a priority for the Modi administration. Another excellent illustration of this is the debut of the Vande Bharat train. Additionally, progress is being made on the bullet train project.
In this circumstance, the government will once again attempt to offer these high-speed trains.
On the other side
it is anticipated that the government will announce its plans for 400 new Vande Bharat trains in the budget this time. This is in addition to the 400 semi-high-speed Vande Bharat trains in three years plan that Nirmala Sitharaman, the minister of finance, already announced in the previous budget. The federal government hopes to accomplish two objectives with the launch of these hundreds of additional trains.
Budget
One of these might be to progressively boost the speed of all currently operating high-speed trains, such as the Rajdhani and Shatabdi Express, to more than 180 kph on key routes. The second goal is to build the rail infrastructure necessary to manufacture trains for export to markets in East Asia, Europe, and South America by 2025 or 2026.
Indian Railways budget
In addition to this strategy to improve Indian Railways’ export capacity and speed. The budget may allocate more money in the future to bolster infrastructure. There is a chance that this budget would increase the government’s budgetary support to Rs 1.9 lakh crore. This will be Rs. 30,000 crores more than in the current year.
Indian Railways Trains
The Ministry of Railways anticipates that its total capital expenditures will rise by more than 20% to more than Rs 3 trillion. The amount spent on capital projects during this fiscal year was Rs 2.45 lakh crore. It is anticipated that Indian Railways will accelerate a number of projects. Such as the building of new lines, electrification, improvement of freight corridors, gauge conversion, signaling system enhancement, and modernization of rakes.
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