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Budget is continuation of economic policies focused on inclusive growth: Ashwini Vaishnaw
Jul-24-2024

After the Finance Minister presented the Union Budget for 2024-25, Union Minister for Railways, Information and Broadcasting, electronic & IT, Ashwini Vaishnaw has said that economy is much resilient today and is on a strong footing than in the past. 

Union Minister also said that the economy today is a combination of welfare, fiscal prudence, capital investment and investment in manufacturing, adding that the budget presented by the Finance Minister is a continuation of the economic policies of Prime Minister Narendra Modi focused on inclusive growth that have been the mainstay of this Government in the last ten years. He further said that government has placed a special emphasis on making the Railways world-class.  

For this FY 2024-25, the government has allocated record Capex to Rs 2,62,200 crore for Railways. The Gross Budgetary support is Rs 2,52,200 crore for Railways during 2024-25. Earlier, the Gross Budgetary Support to Rs 2,40,200 crore in 2023-24 which was only Rs 28,174 crore in 2013-14. The result of infusion of Capex is clearly visible as Indian Railway (IR) has achieved an all-time high freight loading of 1588 MT in FY 2023-24 up from 1095 MT in 2014-15 and Railway is inching towards the goal of 3,000 MT by 2030. Railways achieved all time high total receipts of Rs 2,56,093 crore in 2023-24 and generated a Net Revenue of Rs 3,260 crore to supplement Capex.


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