Budget 2023: Sharp Jump In Capital Outlay For Railways
The enhanced funds are to be deployed in launching new trains and upgradation of existing railway infrastructure.
railways ministry
February 2023
January 2023
September 2022
June 2022
April-Nov Capex utilisation up 63%; guess who leads charge
The Centre has been able to achieve the mega spending on the back of both highways and railways ministry, utilising over 80% of their allocation for the fiscal by Nov itself.
Cabinet meet: Railways to invest ₹10,000 cr to redesign 3 major stations
Railways to redevelop New Delhi and Ahmedabad railway stations, and Chhatrapati Shivaji Maharaj Terminus, Mumbai. These projects to create 35,000 jobs.
Govt cuts railways land licencing fee to 1.5%; paves way for Concor divestment
Cabinet decision of lowering land lease fee for a larger time period will likely sweeten Concor divestment deal. Govt may sell 30.8% stake in Concor and cede management control
Centre front-loads capex amidst global headwinds; April spend up 67% at ₹78,925 cr
The money spent in April is 10.5% of the annual capital expenditure target of ₹7,49,652 crore in 2022-23.
