Railway Ministry allocated Rs 1.4 lakh crore in Budget 2022
The Railway Ministry has been allocated Rs 1.4 lakh crore in the Union Budget on Tuesday – Rs 20,311 crore more than the revised figures of the previous fiscal.
Finance Minister Nirmala Sitharaman in her Budget speech for 2022-23 said that India will manufacture 400 new, energy-efficient Vande Bharat trains in the next three years. The rail sector will also develop “One Station One Product”, which will leverage local produce carried on the railways.
Railway Minister Ashwini Vaishnaw welcomed the announcement and said that the integration of posts and railways will bring better logistics solutions for people living in remote areas.
