New Delhi. Union Finance Minister Nirmala Sitharaman will present the first budget (Budget 2024) of the third term of the Modi government in the Lok Sabha on Tuesday (July 23). All eyes are also on the Finance Minister’s budget to see what will be special for the Railways (Indian Railways) and rail passengers in the budget.
The Railway Budget is expected to provide funds for the expansion of the metro network, Namo Bharat Corridor, Vande Bharat trains, high speed corridors and economic corridors.
The railway budget will be announced during the budget to be presented on 23 July. Let us tell you that before the year 2017, the budget was presented twice in the country – one railway budget and the other general budget. In the year 2016, the Modi government merged the railway budget with the general budget and with this a system that was going on for 94 years came to an end.
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Will the railway fare increase or decrease?
In February this year, the railways had brought the ticket prices to the pre-Covid level. In such a situation, there is no hope of reducing the prices in the budget.
Finance Minister may announce new bullet train project
An announcement regarding new bullet train corridor is expected in the budget. The budget is expected to provide funds for expansion of metro network, Namo Bharat Corridor, Vande Bharat trains, high speed corridor and economic corridor.
Senior citizens expected to get concession in fares
The issue of railway fares for senior citizens was also in the news during the recent Lok Sabha elections. The demand for giving concession in fares to senior citizens has started increasing. It is expected that senior citizens may get relief in the matter of railway fares in the budget.
