The Union Budget and Railway Budget was presented separately in India for 92 years, until Narendra Modi-led government ended the practice in 2016.
Finance Minister Nirmala Sitharaman will present the Union Budget 2021 on February 1 for the upcoming fiscal year 2021-22. However, if reports are to be believed then there might not be many big bonanza for the Indian Railways this year. Sources have told Zee News, that this year will see only 3% to 5% increase in the railway budget from last financial year.
The Union Budget and Railway Budget was presented separately in India for 92 years, until Prime Minister-Narendra Modi-led central government ended the practice in 2016.
For the next fiscal, the Railway Ministry has outlined a Budgetary expense of Rs 1.80 lakh crore. Sources added that the Finance Ministry officials have cited that the impact of COVID has been so huge that this demand by the Railways may not be fulfilled.
Sources further said that for the Fiscal year 2021-22, the Railway Budget to be allocated will be nearly Rs 1.70 lakh crore. Furthermore, the gross budgetary support is expected to be something around Rs 7,5000 crore.
The Union Budget 2021 is expected to give a boost to the railway infrastructure as Indian Railways is considered to be the lifeline of the nation. Due to the COVID-19 pandemic, the national transporter suffered a huge loss.
For the Rail Budget, the government may this year focus more on private trains, new train sets for faster connectivity on new routes, better rail connectivity for tourist spots, green energy, expansion of Kisan Rail, expansion of infrastructure for better connectivity in North eastern states.
Allocation for rail passenger comfort this fiscal could be Rs 30000 crore. Budget may also propose freight loading at 2021 MT, which is over 15% than the FY 2020-21.
The Budget session of Parliament will begin on January 29 with the address of President Ram Nath Kovind to the joint sitting of both the Houses and the Union Budget will be presented on February 1. The Budget session of Parliament would conclude on April 8.
The Houses will adjourn on February 15 and meet again on March 8.
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
 "Indian Railway Budget 2021")
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}