The budget session has started on February 1. For which the Indian Railways also have great expectations. There is not much time left to present the Railway Budget. On February 1, 2020, the Railway Budget will be presented along with the General Budget. Crores of Indians use trains to travel from one city to another. Prime Minister Narendra Modi's dream is to make Indian Railways the growth engine of the economy, in such a situation, there is hope that this time the government will open its box for the railways. The government can make several big announcements to expand the railway and modernize it.
Finance Minister Nirmala Sitharaman reaches Parliament, budget will be presented at 11 am
This time there is also hope to give more emphasis on the infrastructure related to railways because this time the capital expenditure is likely to increase by 18%. The Railways' capex for the current financial year is Rs 1.6 lakh crore, which can be increased to Rs 1.8 or 1.9 lakh crore. Keeping in view the need for expansion of the railway-linked infrastructure, Finance Minister Nirmala Sitharaman recently announced the National Infrastructure Pipeline ( NIP) has set a target of 18% growth in the railway capex every year for the next 10 years. The fruits can get more budget by 10% compared to the previous budget. The next railway budget is expected to focus mainly on three things - infrastructure, connecting private players and security. This time railways can get around 72000 crores as compared to 65837 crores in 2019-20.
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For the convenience of passengers, there is a possibility of expansion of train set 18 or Vande Bharat trains this time in the railway budget. In this budget, the government's stance in the case of private trains can also become more clear. According to the news, 5 more trains can be given to IRCTC, which will be run by IRCTC first and later can be assigned to private players. Under the mission speed upgrade, trains running on many more routes are upgraded to 160 average speed. Budgetary arrangements can also be made to achieve 100% electrification target in the budget. Money can be announced in the budget to modernize the signaling system.
