The most significant mode of transportation in India is rail. A significant portion of the nation’s population travels via Indian Railways. The eyes of the train passengers will be on the Finance Minister when she unveils the nation’s budget this time. The railroad industry and its patrons have certain demands regarding this funding. Senior folks whose concession was terminated by the Railways during the Covid pandemic had the highest hopes.
Will the cost of rail travel be reduced?
The Railways eliminated the discounts on train ticket prices offered to the elderly during COVID-19. Up until the end of 2019, senior citizens who were male and over 60 received a 40% discount on train fares to get a 50 percent discount after the age of 58, but during Covid, it was completely abolished, which has not been restarted yet. In such a situation, senior citizens hope that the Finance Minister can make rail travel easier for them in this budget. It is expected that the Modi government, which has come to power for the third time, can again announce a 50 percent discount on train tickets for senior citizens.
New Trains
Increased funding for the Namo Bharat Corridor, Vande Bharat trains, high-speed corridor, and economic corridor can be found in the railway budget, according to Union Finance Minister Nirmala Sitharaman. It is also anticipated that the Finance Minister would be able to restore the railway tariff to its pre-Covid level at the same time. It is anticipated that ticket prices will likely decrease somewhat. A budget announcement for the new bullet train corridor is anticipated at the same time. For Indian Railways, more than 200 new non-AC, high-speed, contemporary trains are expected to be introduced in the first budget of the Modi Government 3.0.
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