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Union Budget 2022: Railways Key Expectations

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Now as we all knows Railways budget has been merged with the main Union Budget and shall be announced alongside the Union Budget 2022, so from this year's budget Railways department which too has faced headwinds amid the Covid 19 outbreak here are the most anticipated expectations from the sector that even makes a good contribution to the country's economy.

 
Union Budget 2022: Railways Key Expectations

Increased allocation to the sector of almost by 15-20% expected: Last year the amount earmarked has been at Rs. 1,10,055 crore. This year expectations are there that the outlay of Rs. 2.5 trillion should be made for the sector.

Increase in ticket prices: This is to make up for the loss during the corona period as also to boost the sector's earnings.

Hope for the launch of 10 light trains: Aluminum built 10 light trains are anticipated to be announced for long distance travel. Expectations around launch of a bullet train between Delhi and Varanasi.

Setting up of Rail development authority: The body will help the centre in fare related matters. There are also plans similar to Tejas to connect the various tourist spots in the country.

Focus on development of dedicated freight corridors: In this, the East-West Corridor from Bhusaval via Kharagpur to Dankuni and the North-South Corridor starting from Itarsi to Vijayawada has already been announced. This will also reduce pressure on passenger trains as after separate different freight corridors shall be set up.

National Rail Plan: For 100% electrification of Railways by 2030. In the last year's budget the government announced to give a new look to rail facilities. The Central government has planned to invest around Rs 1 lakh crore.

Budget 2022 Expectations: What Experts, Economists Expect From This Year's Budget?Budget 2022 Expectations: What Experts, Economists Expect From This Year's Budget?

Metro rail system: This is being developed in the outer of Tier 2 and Tier I cities wherein India aims to become "the world's first 100 percent green rail service" by 2030.

 

GoodReturns.in

Story first published: Saturday, January 29, 2022, 17:31 [IST]
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