Budget 2023: Railway allocated Rs 2.40 lakh crore, the highest ever

With a capital budget of Rs 2.40 lakh crore, Nirmala Sitharaman has proposed the biggest-ever push for Indian Railways.

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It is an increase of 65.6% over the previous fiscal year and is nine times greater than the allocation for railroads in 2013–14.

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"The Indian Railways capital outlay has been set at 2.40 lakh crore, highest ever; 9x of what was in 2013," Sitharaman said.

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The funds will be used, among other things, for station facilities, electrification, and railroad tracks.

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The ministry of railways is aiming for full electrification by 2023, more Vande Bharat trains and construction of 2,000 km of tracks.

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