Indian Railways is under the ownership of the Ministry of Railways, Government of India. This government-run organisation operates the world’s 4th largest National Railways System in the world. It runs about 13169 trains every day (long and short suburban routes), covering around 7325 stations all across the country. Now Indian Railways has planned for a massive overhaul of the entire collection of its operating networks – the stations (urban, suburban, and rural); platforms; locomotive coaches, and engines. This massive boost has been announced by the Government of India under “Make in India.” The railways have announced and identified 2 major …
Tag: Indian Railways
Indian Railways and the Union Budget
Indian Railways is set to see a record capital expenditure (CAPEX) of Rs 2.6 trillion in the fiscal year 2023-24 (FY24). As you know, the railway budget has been merged with the Union Budget, this announcement in the Budget on February 1 would give a push to the massive infrastructure expansion lined up, and the government’s share would contribute around Rs 2.4 trillion to this — the highest ever. “This year is the highest ever outlay in the history of Railways — almost nine times the outlay made in 2013-14,’ the finance minister said. The Railways is targeting an operating ratio …