The Indian Railways is likely to get record allocations in the budget as the national transporter is eyeing massive infrastructure improvement including building of over 500 Vande Bharat Express trains, 100 per cent electrification and re-development of railway stations.
With Finance Minister Nirmala Sitharaman set to present the Union budget on February 1, the railway is expecting to get budgetary support of Rs 1.9 lakh crore for 2023-24 financial year from Rs 1.4 lakh crore in the 2022-2023.
The Finance Minister is also likely to allocate another Rs 1.2 lakh crore from extra-budgetary resources.
