Railway Budget 2024: All you need to know about the budget

Railway Budget 2024: Here are top things you need to know about the Railway Budget 2024

Updated on: Feb 1, 2024, 07:45:26 IST

By HT News Desk

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As Finance Minister Nirmala Sitharaman is set to announce the interim Budget on February 1, India also awaits the railway budget. The government, in 2016, decided to merge the Railway Budget with the Union Budget when late Arun Jaitley, the then Finance Minister, presented the first combined Budget for the financial year 2017-18. ::

Railway Budget 2024: The Railway Budget 2024 will be presented by Finance Minister Nirmala Sitharaman.

Read more: Budget 2024: How your personal tax rules may be affected

Prior to 2017, the Railway Budget used to be presented separately a few days ahead of the Union Budget.
This practice came to an end when Finance Minister Arun Jaitley delivered the Union Budget for FY 2017-18. This practice has been followed by the subsequent governments.
Indian Railways spent a record capital expenditure (Capex) from April 1, 2023 to December 31, 2023- marking the highest-ever Capex utilization in nine months, according to a statement by the Ministry of Railways.
The data showed that 75% of the allocated Capex budget has been used by Indian Railways in the first nine months of the fiscal year.
The total expenditure incurred by Indian Railways during this period amounts to ₹1,95,929.97 crores, which represents approximately 75% of the overall Capex budget of ₹2.62 lakh crores.
Finance Minister Nirmala Sitharaman mentioned in her Budget 2023 speech that this allocation is more than nine times the amount allocated in the financial year 2013-14.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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