Gross budgetary allocation for Railways to go up by 29% in Budget: Report

To support infrastructure investments, the Centre is likely to increase gross budgetary allocation for Indian Railways by 29 per cent from Rs 1.4 trillion to Rs 1.8 trillion, a report by Mint said.

The railway ministry’s total capital expenditure (capex) is expected to jump 20 per cent to Rs 3 trillion in FY24. In FY23, the outlay was Rs 2.45 trillion.