Capex of Indian Railways to reach Rs 2.45 trillion in FY 2022-23

09 Feb 2022 CW Team

The Indian Railways is prepared to witness its highest capital expenditure (capex) of Rs 2.45 trillion for 2022-23, which is 14% more than the revised estimate of Rs 2.15 trillion for the current financial year in the Union Budget 2022-23.

According to the media, in FY23, Railways aims to spend Rs 96.98 for every Rs 100 it makes.

Ashwini Vaishnaw, railway minister, informed that they are targeting a 96.98% operating ratio in the upcoming year. He said that now, they are targeting a constant 4.5 million tonnes (mt) per day and later 5 mt per day.

The Indian Railway's operating ratio has declined to 98.93% in the revised estimate for FY22. It is lower than the 96.15% operating ratio it had budgeted. Net income of the Railways crashed to Rs 875 crore in the revised estimate of FY22, lower than the budgeted Rs 6,561 crore. For FY23, Railways has budgeted a net income of Rs 5,360 crore.

The railway minister told the media that usually, they complete loading of nearly 1,200 mt a year. This year, they are getting close to 1,400 mt, which is a record.

He informed that since the physical performance has enhanced, there is no requirement to reimburse because of Covid-19 or any other reasons.

The capex for FY23 comprises Rs 1.37 trillion from general revenues, Rs 1.08 trillion from internal and extra-budgetary resources (IEBR) and Rs 200 crore from the Nirbhaya fund.

The total receipts of the railways, including revenues from passengers, goods, sundry, another coaching, and other heads were held at Rs 2.4 trillion in the BE for FY23 compared to a revised estimate of Rs 2.02 trillion for the ongoing fiscal.

Image Source

Also read: Indian Railways to set up EV charging infra at railway stations

Real Estate

05 Dec 2025

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..