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The 2025 Union budget of India was presented by Finance Minister Nirmala Sitharaman on 1 February 2025 for the financial year 2025-2026. [1] This was the first full financial year budget of Prime Minister Narendra Modi's third term in office.
The Indian Government is undertaking several initiatives to upgrade its aging railway infrastructure and enhance its quality of service. The Railway Ministry has announced plans to invest ₹ 5,400,000 crore (equivalent to ₹ 57 trillion or US$660 billion in 2023) to upgrade the railways by 2030. [1]
Minister of Railways, Lalu Prasad after giving final touches to the Railway Budget 2009–10, in New Delhi on February 12, 2009. Railway budget of India was the Annual Financial Statement for Indian Railways administered by the Railway Board, which handles rail transport in India.
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 ...
[13] as part of the ‘’Mission Raftar’’ project being undertaken by Indian Railways. [14] The Union budget of India for the FY 2022-23 allocated fund for the rapid implementation of Kavach along 2000 km of track, while also sanctioning its later implementation across 34,000 km track of Golden Quadrilateral rail route. [36]
In line with a 2018 government decision, Indian Railways aims to electrify all of its broad gauge network. [2] [3] As of 1 January 2025, 64,547 route kilometres (rkm) were electrified, which is 97.06% of the total broad gauge network (66,504 rkm, including Konkan Railway). [4]
The first railway budget was presented in 1924. [12] Since then, Railway budget was presented as a standalone budget every year before the union budget by the Railway Minister till 2016. [ 13 ] 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 ...
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]