Indian Railways invested over Rs 1 trillion on safety measures
RAILWAYS & METRO RAIL

Indian Railways invested over Rs 1 trillion on safety measures

According to an official document, the Indian Railways has invested more than Rs 1 trillion in safety measures between the fiscal years 2017-2018 and 2021-2022, with a significant increase in expenditure on track renewal. The government is also expected to respond to a report from the Comptroller and Auditor General of India (CAG) that was mentioned by Congress president Mallikarjun Kharge, criticising the Centre regarding a recent train accident in Odisha.

Kharge, in a letter to Prime Minister Narendra Modi, questioned the railway minister's claims about safety and expressed concerns over the declining safety standards. He highlighted the 2022 CAG report, "Derailment in Indian Railways," which revealed a 79% reduction in funding for the Rashtriya Rail Sanraksha Kosh (RRSK), a safety fund. Kharge questioned why the required funds were not allocated for track renewal work despite the government's initial commitment.

However, the data presented in the document contradicts Kharge's claims. It shows that between 2017-18 and 2021-22, the railways allocated more than Rs 1 trillion for RRSK works. In February 2022, the validity of RRSK was extended for another five years, starting from 2022-23. The data on track renewal expenditure demonstrates a consistent growth pattern. From Rs 88.84 billion in 2017-18, the expenditure increased to Rs 135.22 billion in 2020-21, and further to Rs 165.58 billion in 2021-22.

In total, the railways spent Rs 580.45 billion on track renewal during this period. The government source clarified that the CAG report only covers three years, providing a partial picture of the actual expenditure on track renewal and safety-related works. The source mentioned that a detailed response addressing all the raised issues will be sent shortly.

The source further stated that the actual expenditure trend on track renewal and safety-related works has significantly increased over the years. The expenditure on track renewal rose from Rs 470.39 billion between 2004-05 and 2013-14 to Rs 1,090.23 billion between 2014-15 and 2023-24 (budget estimate). Similarly, the expenditure on safety-related works increased from Rs 702.74 billion to Rs 1,780.12 billion during the same period, reflecting more than a two-fold increase.

According to an official document, the Indian Railways has invested more than Rs 1 trillion in safety measures between the fiscal years 2017-2018 and 2021-2022, with a significant increase in expenditure on track renewal. The government is also expected to respond to a report from the Comptroller and Auditor General of India (CAG) that was mentioned by Congress president Mallikarjun Kharge, criticising the Centre regarding a recent train accident in Odisha. Kharge, in a letter to Prime Minister Narendra Modi, questioned the railway minister's claims about safety and expressed concerns over the declining safety standards. He highlighted the 2022 CAG report, Derailment in Indian Railways, which revealed a 79% reduction in funding for the Rashtriya Rail Sanraksha Kosh (RRSK), a safety fund. Kharge questioned why the required funds were not allocated for track renewal work despite the government's initial commitment. However, the data presented in the document contradicts Kharge's claims. It shows that between 2017-18 and 2021-22, the railways allocated more than Rs 1 trillion for RRSK works. In February 2022, the validity of RRSK was extended for another five years, starting from 2022-23. The data on track renewal expenditure demonstrates a consistent growth pattern. From Rs 88.84 billion in 2017-18, the expenditure increased to Rs 135.22 billion in 2020-21, and further to Rs 165.58 billion in 2021-22. In total, the railways spent Rs 580.45 billion on track renewal during this period. The government source clarified that the CAG report only covers three years, providing a partial picture of the actual expenditure on track renewal and safety-related works. The source mentioned that a detailed response addressing all the raised issues will be sent shortly. The source further stated that the actual expenditure trend on track renewal and safety-related works has significantly increased over the years. The expenditure on track renewal rose from Rs 470.39 billion between 2004-05 and 2013-14 to Rs 1,090.23 billion between 2014-15 and 2023-24 (budget estimate). Similarly, the expenditure on safety-related works increased from Rs 702.74 billion to Rs 1,780.12 billion during the same period, reflecting more than a two-fold increase.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement