The Railway Budget is a vital annual financial statement outlining the Indian Railways' estimated revenue and expenditure. It details allocations for...
The Railway Budget details the financial plans of Indian Railways, outlining proposed expenditures on infrastructure, new projects, safety, and passenger services, alongside revenue generation strategies for the upcoming fiscal year.
Historically, the Railway Minister presented a separate Railway Budget. However, since 2017, it has been merged with the Union Budget and is presented by the Finance Minister as part of the overall government financial statement.
Key areas include new line construction, electrification, passenger amenities, safety measures, freight corridor development, rolling stock procurement (e.g., Vande Bharat trains), technological upgrades, and staff welfare.
It can impact ticket fares, freight charges, introduction of new trains, improved station facilities, enhanced safety protocols, and overall service quality and speed across the rail network.