Search results
Results From The WOW.Com Content Network
The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. [3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. [4]
Railway budget of India was the Annual Financial Statement for Indian Railways administered by the Railway Board, which handles rail transport in India. It was presented every year by the Minister of Railways , representing the Ministry of Railways , in the Parliament .
Finance Minister Nirmala Sitharaman presented the Union Budget in the Lok Sabha on 1 February 2024 following the necessary approval from the President of India. During this presentation, the Finance Minister highlighted the crucial aspects of the document and justified the underlying thought process behind the proposed initiatives.
The Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India is the annual budget of the Republic of India set by Ministry of Finance for the following financial year, with the revenues to be gathered by Department of Revenue to identify planned government spending and expected government revenue and the expenditures gathered by ...
Indian Railways will also revamp 200 railway terminals within India with modern facilities [17] and will additionally build 300 new terminals in next five years. [18] This is thus aimed at revolutionizing India's infrastructure over the next five years.
Indian Railways is a state-owned enterprise that is organised as a deparmental undertaking of the Ministry of Railways of the Government of India and operates India's national railway system. [ a ] As of 2023 [update] , it manages the fourth largest national railway system by size with a track length of 132,310 km (82,210 mi), running track ...
[8] [9] Indian Railways will soon start the upgradation of tracks with high strength rails (R-350).The railways has started the work to increase the design speed limit of the next-generation Vande Bharat sleeper trains to 220 kmph and work has also started to improve the Delhi-Mumbai and Delhi-Howrah lines to allow trains to run at 160 km/h. [10]
The first train was flagged off on 30 December 2023 and entered commercial service on 1 January 2024. [5] Production for 200 more such trains are in progress, with 50 under construction and 150 more planned. [6] In January 2025, the Ministry of Railways added twelve major improvements in the train which includes emergency braking system. [7] [8]