In preparation for the 2024 Lok Sabha elections, the Indian government, led by Prime Minister Narendra Modi, has substantially increased budget allocations for the development of railway infrastructure. Finance Minister Nirmala Sitharaman announced an allocation of Rs 2.51 lakh crore for the Indian Railways in the fiscal year 2024-25, emphasizing the commitment to modernizing the railway system. The allocation includes funding for three major economic railway corridor programs and the conversion of 40,000 standard rail bogies to meet Vande Bharat standards, aligning with the PM Gati Shakti initiative for multi-modal connectivity.
Modi Government Allocates Rs 2.51 Lakh Crore for Indian Railways in FY 2024-25 to Boost Infrastructure
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