Gross budgetary allocation for railroads to increase by 29% in budget

04 Jan 2023 CW Team

According to a report, the Center is set to enhance the gross budgetary allocation for Indian Railways by 29%, from INR 1.4 trillion to INR 1.8 trillion, to fund infrastructure expenditures. The entire capital expenditure (capex) for the railway ministry is anticipated to increase 20% to INR 3 trillion in FY24, while the expenditure for FY23 was INR 2.45 trillion. “As the national transporter approaches a crucial stage of constructing important infrastructure projects, a higher capex budget is urgently required. Last year, the Center increased its gross funding assistance for the initiatives by a record amount. We anticipate it to rise even more,” said a former rail board chairman.

The ministry has also requested that the finance ministry give long-term infrastructure projects including high-speed trains, freight corridors, and railway modernization funding priority. The Ahmedabad-Mumbai bullet train project is also set to receive a sizeable amount of funding for FY24. The Vande Bharat Express between Howrah and New Jalpaiguri opened recently in West Bengal under the leadership of Prime Minister Narendra Modi. The Center was investing “record amounts” in modernisation. The upgrade of all stations, electrification, and doubling of train lines are also included in the modernisation plans. The ministry's gross budgetary support first surpassed the USD 1 trillion threshold in FY22. The ministry's capital expenditure budget allocation in FY23 was the biggest ever at INR 2.45 trillion.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..