Railway Budget 2024 : Finance Minister Nirmala Sitharaman will present the Union Budget 2024 on July 23, 2024 and the government is expected to continue with its capital expenditure push for infrastructure, with Indian Railways and the roadways being major beneficiaries. Since 2017, no separate Railway Budget has been presented and FM Sitharaman’s Budget 2024 speech will be looked at for the future plans for Indian Railways. In the Interim Budget 2024, the Modi government had allocated a record Rs 2,52,000 crore for capital expenditure for Indian Railways in FY 2024-25.
Experts believe that a record capex push for railways is a foregone conclusion, but what’s of paramount importance is the projects on which this capital expenditure is made. Also Check | Budget 2024 Expectations Live Updates: Income Tax changes, record capex for roads and railways expected from FM Nirmala Sitharaman All experts unanimously agree that the capital expenditure allocation for Indian Railways should focus on augmenting safety on the network, especially implementation of the Kavach anti-collision system . Sudhanshu Mani, the creator of Train 18 or Vande Bharat says, “Most importantly, there is a need to provide a fillip to safety, with faster implementation of Kavach and use of artificial intelligence for safety audits.
” G Raghuram, Professor Emeritus at Gujarat Maritime University, and a railway expert tells TOI, “The budget 2024-25 for the railway sector needs to give a high priority for.