Railway finances for 2024: Finance Minister Nirmala Sitharaman introduced the Union Price range for 2024-25 on Thursday (February 1, 2024). Prime Minister Sitharaman introduced the launch of three main financial hall applications to reinforce transportation of power, cement and minerals.
Sitharaman introduced the growth of main rail infrastructure tasks corresponding to Metrorail and Namo Bharat to different cities. He additionally talked about changing round 40,000 railway bogies into Vande Bharat normal coaches. Sitharaman highlighted the federal government's efforts in revitalizing the aviation sector over the previous decade. He famous that the variety of airports doubled to 149 throughout this era.
He mentioned the rail hall will enhance the effectivity of logistics companies and scale back prices, whereas the conversion of passenger automobiles will enhance passenger security, comfort and luxury. “Three main financial rail hall applications can be carried out. These are the Power, Minerals and Cement Hall, the Port Connectivity Hall and the Excessive Visitors Density Hall,” Sitharaman mentioned. “These tasks have been recognized underneath Prime Minister Ghati Shakti as enablers of multimodal connectivity. They’ll enhance logistics effectivity and scale back prices,” she mentioned.
The development of the brand new rail hall will decongest the busy hall and “can even assist enhance passenger practice operations, leading to improved security and sooner journey for passengers,” Sitharaman mentioned. “Together with the devoted freight hall, these three financial hall applications will speed up our nation's GDP development and scale back logistics prices,” the finance minister mentioned. “40,000 common railway bogies can be transformed to Vande Bharat requirements to reinforce passenger security, comfort and luxury,” he mentioned.
