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News Entry# 560573
Jul 16 (19:13) Indian Railways: A Booming Sector With High Expectations for Union Budget 2024
IR Affairs
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News Entry# 560573   
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Railway stocks rally on hopes of increased budgetary allocation

The Indian government allocated Rs 2,52,200 crore to railways in the Interim Budget for FY25, with an additional Rs 10,000 crore from extra-budgetary resources. This has resulted in increased stock prices for railway-related companies. The Union Budget, scheduled for July 23rd, is expected to allocate an even higher amount of Rs...
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2.8-2.95 lakh crore for railways. Key focus areas include safety improvements through the Kavach anti-collision system, new Vande Bharat and Amrit Bharat trains, increased freight capacity, and faster tracks in congested networks. The government also plans to introduce a production-linked incentive (PLI) scheme to boost railway ancillary part production in India. Experts recommend prioritizing energy, mineral, and cement corridors, investing in technology advancements, and enhancing public-private partnerships in the railway sector. Overall, the railway sector is expected to see significant growth in the coming years, driven by increased government spending and a focus on modernization.

Indian government ne FY25 ke Interim Budget mein railways ke liye Rs 2,52,200 crore allocate kiya, aur extra-budgetary resources se Rs 10,000 crore bhi diye. Isse railway-related companies ke stock prices mein tezi aayi hai. Union Budget, 23 July ko aane wala hai, mein railways ke liye Rs 2.8-2.95 lakh crore...
more...
allocate hone ki ummeed hai. Main focus areas mein Kavach anti-collision system se safety improvement, new Vande Bharat aur Amrit Bharat trains, freight capacity mein badhotri, aur congested networks mein faster tracks shamil hain. Government India mein railway ancillary parts ke production ko boost dene ke liye production-linked incentive (PLI) scheme bhi introduce karne wala hai. Experts energy, mineral, aur cement corridors ko priority dene, technology advancements mein investment karne, aur railway sector mein public-private partnerships ko badhaawa dene ka suggestion dete hain. Overall, railway sector aane waale saalon mein significant growth dekhne wala hai, jo ki badhte government spending aur modernization pe focus se chalit hai.
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