+
Indian Railways Allocates 76% of Budget for the Current Fiscal
RAILWAYS & METRO RAIL

Indian Railways Allocates 76% of Budget for the Current Fiscal

Indian Railways announced that it had utilised 76 per cent of its allocated budget during the first nine months and four days of the current fiscal year. The most recent expenditure report, dated January 5, 2025, indicated that a significant portion of the budget is being directed towards capacity enhancement to improve train travel experiences across India.

Indian Railways stated that it is pursuing a vision of transformative governance to create a modern, well-connected India. The organisation has been at the forefront of efforts to build an inclusive nation by investing in infrastructure, technology, and sustainable practices.

The release also mentioned that, due to the complexity of India, it is challenging for any organization to manage current demands while simultaneously making heavy investments for the future. However, with a capital expenditure of Rs 11.98 billion in the first four days of this calendar year, Indian Railways' overall capital expenditure had reached 76 per cent with nearly three months remaining in the fiscal year.

The budget details revealed that the total capital expenditure for railways in the 2024-25 budget estimate is Rs 2.65 trillion, with a Gross Budgetary Support of Rs 2.52 trillion, out of which Rs 1.92 trillion had already been spent.

Indian Railways announced that it had utilised 76 per cent of its allocated budget during the first nine months and four days of the current fiscal year. The most recent expenditure report, dated January 5, 2025, indicated that a significant portion of the budget is being directed towards capacity enhancement to improve train travel experiences across India. Indian Railways stated that it is pursuing a vision of transformative governance to create a modern, well-connected India. The organisation has been at the forefront of efforts to build an inclusive nation by investing in infrastructure, technology, and sustainable practices. The release also mentioned that, due to the complexity of India, it is challenging for any organization to manage current demands while simultaneously making heavy investments for the future. However, with a capital expenditure of Rs 11.98 billion in the first four days of this calendar year, Indian Railways' overall capital expenditure had reached 76 per cent with nearly three months remaining in the fiscal year. The budget details revealed that the total capital expenditure for railways in the 2024-25 budget estimate is Rs 2.65 trillion, with a Gross Budgetary Support of Rs 2.52 trillion, out of which Rs 1.92 trillion had already been spent.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?