High-speed trains are budget highlight
Prime Minister Narendra Modi’s government said on Tuesday that it will launch the country’s first bullet-train on the Ahmedabad-Mumbai route and a network of high-speed trains connecting major cities.
A lab to study accidents and evaluate safety, digital passenger charts and solar-powered stations are among a handful of innovations the railways is looking at for a “futuristic” makeover.
The maiden budget of the Narendra Modi-led NDA government on Tuesday announced special pilgrimage and ecotourism services to boost growth and encourage private participation in the tourism sector.
Shares of railway-related companies, many of which had hit fresh highs ahead of the Railway Budget, derailed after the actual Budget announcement as investors booked profits and there was disappointment over the lack of specifics on several issues.