Budget 2023: Finance Minister likely to have focus on rail infrastructure, budget to increase by 30 percent 2023

Finance Minister Nirmala Sitharaman may increase budget allocation for railways this time. It is expected to be used in track construction and improving railway infrastructure.

Budget 2023: Finance Minister likely to focus on rail infrastructure, budget increased by 30%

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Railway Budget 2023: Finance Minister Nirmala Sitharaman is all set to present her final full budget on February 1. He may also make important announcements on the railway budget. Because the Indian Railways has an expectation from the government in this budget that the government will implement the Railway Budget 2023) which may increase the allocation. In 2022, the Railways extended the Bande Bharat train service, the country’s first semi-high-speed train service, to faster speeds. At the same time, Railways has announced many plans in this regard.

At the same time, the Railways is constantly working to make the country’s railway infrastructure more efficient. These range from track extension to electrification of Indian Railways. Explain that Finance Minister Nirmala Sitharaman (Nirmala Sitharaman) and officials of the Ministry of Finance hold continuous meetings with all stakeholders to prepare the budget (Budget 2023). Railway Board officials have also presented their demands to the Ministry of Finance. According to sources, Railways has requested the government to allocate 30% more budget.

These could be big budget announcements

In Finance Minister Nirmala Sitharaman’s General Budget 2023-24, the government is expected to make important announcements on railways, which is expected to focus on Bande Bharat train, road construction rail, railway electrification and Bande Bharat train expansion. It is believed that Finance Minister Nirmala Sitharaman may increase railway allocation in this year’s budget. It is expected to be used in track construction and improving railway infrastructure.

There could be a big announcement about Bande Bharat

In this year’s budget (Budget 2023), some big announcements are also likely to be made regarding the Vande Bharat Express train. 100 new Vande Bharat trains may be announced to run in the country, including new sleeper Vande Bharat trains.

Also read this

The railway budget is also part of the general budget.

Before 2016, the railway budget was presented separately in the country. A few days before the budget, the railway minister usually presents it in parliament. But in 2015, considering the NITI Aayog recommendation, the government stopped presenting it individually. Last time, in 2016, Railway Minister Suresh Prabhu presented a separate railway budget in Parliament, then in 2017, Finance Minister Arun Jaitley presented it along with the budget.

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