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Railway Budget 20242025 Focus on Safety and Infrastructure Enhancement NewsStation
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Join this channel to get access to perks: • / @newsstation • The Railway Budget for the fiscal year 2024-2025 was unveiled today, spotlighting substantial allocations towards safety-related activities and capital expenditures aimed at fortifying India’s railway network. With a strategic focus on enhancing safety measures and infrastructure development, the budget outlines comprehensive expenditures and financial allocations across various operational categories. • Expenditure Breakdown: Reinforcing Safety and Infrastructure • The Railway Budget 2024-2025 delineates a detailed expenditure profile aimed at optimizing resource allocation while prioritizing safety and operational efficiency: • Revenue Expenditure: Operational Costs and Maintenance • General Superintendence and Services: The budget allocates ₹10,277.30 crore for general superintendence and administrative services, essential for overseeing railway operations and management. • Repairs and Maintenance: • Permanent Way and Works: ₹21,385.74 crore is earmarked for maintaining and upgrading railway tracks and infrastructure, ensuring safe and efficient train operations. • Motive Power and Rolling Stock: Allocations for motive power and rolling stock maintenance stand at ₹8,042.81 crore and ₹24,350.69 crore respectively, crucial for maintaining the fleet's operational readiness. • Operating Expenses: • Traffic Management and Fuel: Significant investments in traffic management (₹46,709.08 crore) and fuel expenditures (₹34,778.71 crore) underscore the operational costs associated with running the extensive railway network efficiently. • Staff Welfare and Miscellaneous Expenses: ₹10,185.56 crore is allocated towards staff welfare and miscellaneous working expenses, supporting employee well-being and operational contingencies. • Provident Fund and Retirement Benefits: Pension funds and retirement benefits receive ₹72,175.87 crore, reflecting the railway's commitment to its workforce's financial security. • Ordinary Working Expenses: Net ordinary working expenses from revenue are projected at ₹2,05,000.00 crore, encompassing all operational costs essential for day-to-day railway operations. • Capital Expenditure: Infrastructure Development • The budget emphasizes substantial investments in infrastructure development to enhance capacity and safety: • New Lines, Gauge Conversion, and Doubling of Lines: ₹34,602.75 crore, ₹4,719.50 crore, and ₹29,312.19 crore respectively are allocated for expanding railway lines and improving connectivity across regions. • Safety Enhancement Projects: Investments in safety-related activities include ₹9,275.00 crore for road over/under bridges, ₹17,652.00 crore for track renewals, and ₹4,647.28 crore for signaling and telecommunication works, critical for ensuring safe railway operations. • Electrification and Rolling Stock: ₹6,472.30 crore for electrification projects and ₹52,313.78 crore for rolling stock underscore the focus on sustainable and efficient transportation solutions. • Workshops and Maintenance Facilities: ₹4,903.68 crore is allocated for workshops and production units, essential for maintaining and upgrading rolling stock and equipment. • Financial Allocations and Strategic Investments • Government Support and Budgetary Allocations: • Budgetary support from the Government of India stands at ₹2,52,200.00 crore, reflecting a significant commitment to infrastructure development and modernization within the railway sector. • Extra Budgetary Resources (EBR): • EBR contributions amount to ₹10,000.00 crore, complementing budgetary allocations and supporting critical railway projects through innovative financing mechanisms. • Safety Initiatives and Future Prospects • The Railway Budget 2024-2025 underscores a holistic approach towards safety, infrastructure enhancement, and operational efficiency. With targeted investments in safety-related activities and strategic infrastructure projects, the budget sets the stage for transformative growth in India's railway sector. • #RailwayBudget2024 • #InfrastructureDevelopment • #SafetyFirst • #RailwayModernization • #BudgetAllocation • #OperationalEfficiency • #RailwaySafety • #InfrastructureInvestment • #EBR • #RailwayDevelopment • #RollingStock • #Electrification • #SafetyEnhancement • #GovernmentSupport • #RailwayProjects • #PublicTransport • #RailwayNetwork • #RailwayOperations • #TransportationInfrastructure • #RailwayFuture
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