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Jagjivan Ram and Nirmala Sitharaman the current Finance Minister under the Modi Government 3.0 have presented the railway budget most 7 times. [8] The first live telecast took place on 24 March 1994. [9] The Union Minister of Railways Shri Lalu Prasad giving finishing touches to the Railway Budget, 2004 - 2005 in New Delhi on July 5, 2004
[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 railways have faced complaints of substandard food in the past. [2] [3] He announced the introduction of a new rail-flaw detection system to better investigate the causes of accidents. The budget allocated a significant sum to the construction of bridges at unmanned crossings, a major cause of rail-track deaths.
Rishi Sunak has pledged to do ‘whatever it takes’ to help people and businesses through the coronavirus crisis.
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The first railway budget was presented in 1924. [6] Since then, Railway budget was presented as a standalone budget every year before the union budget till 2016. [20] The last Railway Budget was presented on 25 February 2016 and on 21 September 2016, Government of India approved merger of the rail and general budgets from 2017. [21]
After Railway Minister Suresh Prabhu presented his maiden budget, Prime Minister Narendra Modi tweeted: "Rail budget 2015 is a forward looking, futuristic and passenger centric budget, combining a clear vision and a definite plan to achieve it." Nitin Gadkari, the Transport Minister called the budget reformative.
2.35pm. We are ending our live page now. Thank you for reading. 2.30pm. The pound strengthened following the Budget, although the FTSE 100 Index remained in the red.