Budget 2024: With ₹2.65 lakh crore outlay, Railways to prioritise safety

The actual operating ratio of the railways has gone up slightly to 98.22% for FY25 from 98.10% for FY23 The Ministry of Railways has received a record allocation of over ₹2.55 lakh crore in financial year 2024-25, which is a jump of 5.85% from the previous year’s ₹2.41 lakh crore, according to Union Budget documents. The total outlay provided for capital expenditure includes ₹2.52 lakh crore from general revenues, ₹200 crore from Nirbhaya Fund, ₹3,000 crore from internal resources and ₹10,000 crore from extra budgetary resources, bringing it up to ₹2.65 lakh crore. This amount will be spent on assets, acquisitions, construction and replacement, the Budget document stated. Source:thehindu.com