Railway Budget 2023 Highlights | Railway Budget 2023 Details | Railway Budget 2023 Amount

Indian Railway Budget Highlights 2023-2024

Railways Revenue Earnings up by 73% in Passenger Segment

Railways register growth of 48% in Reserved Passenger Segment and 361% in Unreserved Passenger Segment

Posted On: 02 FEB 2023 2:58PM by PIB Delhi

The total approximate earnings in passenger segment for Indian Railways on originating basis during April to January 2023 is Rs. 54733 Crore, registering an increase of 73 per cent in comparison to Rs. 31634 Crore achieved during the same period last year.

In reserved passenger segment, the total approximate numbers of passengers booked during the period 1st April to 31st January 2023 is 6590 Lakhs as compared to 6181 Lakhs during the same period last year, showing an increase of 7%. The revenue generated from reserved passenger segment during the period 1st April to 31st January 2023 is 42945 Crores as compared to 29079 Crores during the same period last year, showing an increase of 48 %.

In Unreserved passenger segment, the total approximate numbers of passengers booked during the period 1st April to 31st January 2023 is 45180 Lakhs as compared to 19785 Lakhs during the same period last year, showing an increase of 128%. The revenue generated from Unreserved passenger segment during the period 1st April to 31st January 2023 is Rs 11788 Crores as compared to Rs 2555 Crores during the same period last year, showing an increase of 361%.

HIGHEST EVER CAPITAL OUTLAY OF Rs.2.40 LAKH CRORE FOR RAILWAYS

100 CRITICAL TRANSPORT INFRASTRUCTURE PROJECTS IDENTIFIED

HARMONIZED MASTER LIST OF INFRASTRUCTURE TO BE REVIEWED BY EXPERT COMMITTEE

Posted On: 01 FEB 2023 1:19PM by PIB Delhi

Investments in infrastructure and productive capacity have a large multiplier impact on growth and employment. After the subdued period of the pandemic, private investments are growing again. This was mentioned in the Union Budget Speech 2023-24 presented by Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman in the Parliament here today.

Railways

The Finance Minister stated that a capital outlay of Rs.2.40 lakh crore has been provided for the Railways. This highest ever outlay is about 9 times the outlay made in 2013- 14.

Logistics & Regional Connectivity

One hundred critical transport infrastructure projects, for last and first mile connectivity for ports, coal, steel, fertilizer, and food grains sectors have been identified. They will be taken up on priority with investment of Rs.75,000 crore, including Rs.15,000 crore from private sources. The Finance Minister further said that fifty additional airports, heliports, water aerodromes and advance landing grounds will be revived for improving regional air connectivity.

Harmonized Master List of Infrastructure

Smt Sitharaman also mentioned that an expert committee will review the Harmonized Master List of Infrastructure. The committee will recommend the classification and financing framework suitable for Amrit Kaal.

Railways Budget Highlights 2022-23

Railways:

Finance Minister said Railways will develop new products and efficient logistics services for small farmers and Small and Medium Enterprises, besides taking the lead in integration of Postal and Railways networks to provide seamless solutions for movement of parcels.

She said ‘One Station-One Product’ concept will be popularized to help local businesses & supply chains.

As a part of Atmanirbhar Bharat, 2,000 km of network will be brought under Kavach, the indigenous world-class technology for safety and capacity augmentation in 2022-23. Smt Sitharaman said four hundred new-generation Vande Bharat Trains with better energy efficiency and passenger riding experience will be developed and manufactured during the next three years.

Smt Sitharaman said one hundred PM GatiShakti Cargo Terminals for multimodal logistics facilities will be developed during the next three years.

Mass Urban Transport including Connectivity to Railways:

Finance Minister said innovative ways of financing and faster implementation will be encouraged for building metro systems of appropriate type at scale. Multimodal connectivity between mass urban transport and railway stations will be facilitated on priority. She said design of metro systems, including civil structures, will be re-oriented and standardized for Indian conditions and needs.

One Station One Product concept to help local businesses & supply chains.
2000 Km of railway network to be brought under Kavach, the indigenous world class technology and capacity augmentation in 2022-23.
400 new generation Vande Bharat Trains to be manufactured during the next three years.
100 PM GatiShakti Cargo terminals for multimodal logistics to be developed during the next three years.

Source: PIB

Indian Railway Budget Highlights 2021-22

Last year December, the Indian Railway had announced a draft National Rail Plan. The Budget for Financial Year 2022 might include allocations and proposals to supplement this plan.

Also Read: Important New Line, Gauge Conversion, Doubling and Railway Electrification Projects on 2021-22

During the Budget, the government might also announce new high-speed rail corridors.

Also Read: Railway Pink Book | Indian Railway Pink Book

Record Outlay of Rs 1,10,055 Crore for Railways, of which Rs1,07,100 Crore for Capital Expenditure

National Rail Plan for India to create “Future Ready” Railway System by 2030

Western Dedicated Freight Corridor (DFC) and Eastern DFC expected to be commissioned by June 2022

Future DFC projects namely East Coast Corridor, East-West Corridor and North-South Corridor to be undertaken

Introduction of more vista dome LHB coaches on tourist routes

Indigenously developed automatic train protection system for high density network and highly utilized network routes

State wise Budget allocation India 2021 | State wise Budget Allocation India 2021-22

Indian Railways has received a record outlay of Rs.1,10,055 crore, of which Rs.1,07,100 crore is for capital expenditure. This record outlay was announced by the Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman while presenting the Union Budget 2021-22 in the Parliament today. Indian Railways have prepared a National Rail Plan for India – 2030. The Plan is to create a ‘future ready’ Railway system by 2030.

Smt. Sitharaman said, “Bringing down the logistic costs for our industry is at the core of our strategy to enable ‘Make in India’.” The Finance Minister announced that Western Dedicated Freight Corridor (DFC) and Eastern DFC are expected to be commissioned by June 2022.

Further, the Finance Minister proposed the following additional initiatives to be taken up:

The Sonnagar – Gomoh Section (263.7 km) of Eastern DFC will be taken up in PPP mode in 2021-22. Gomoh-Dankuni section of 274.3 km will also be taken up in short succession.
Future dedicated freight corridor projects namely East Coast corridor from Kharagpur to Vijayawada, East-West Corridor from Bhusaval to Kharagpur to Dankuni and North-South corridor from Itarsi to Vijayawada will be undertaken. Detailed Project Reports will be undertaken in the first phase.
100% electrification of Broad-Gauge routes will be completed by December, 2023. Broad Gauge Route Kilometers (RKM) electrified is expected to reach 46,000 RKM i.e., 72% by end of 2021 from 41,548 RKM on 1st Oct 2020.Passenger Convenience and Safety

Smt. Sitharaman also proposed following measures for passenger convenience and safety:

Introduction of the aesthetically designed Vista Dome LHB coach on tourist routes to give a better travel experience to passengers.
High density network and highly utilized network routes of Indian railways will be provided with an indigenously developed automatic train protection system that eliminates train collision due to human error.

Railways has now highest ever total Plan capex of Rs. 2,15,058 Crores this year with Rs. 7,500 Crores from internal resources, Rs. 1,00,258 Crores from extra budgetary resources and Rs. 1,07,100 Crores coming from capital expenditure allocation given in the General Budget

In BE 2020-21, the total capex was Rs. 161042 Crores. The Capex in BE 2021-22 is Rs.54,016 Crores (33%) higher than BE 2020-21

Funds allocated will go to boost Atma Nirbhar Bharat Mission and utilized towards completion of vital infrastructure projects, capacity building passengers amenities and safety enhancement

Western Dedicated Freight Corridor (DFC) and Eastern DFC expected to be commissioned by June 2022. Future DFC projects namely East Coast Corridor, East-West Corridor and North-South Corridor to be undertaken as well

Introduction of more Vista dome LHB coaches on tourist routes

Indigenously developed automatic train protection system for high density network and highly utilized networks

Indian Railways has now highest ever total Plan capex of Rs. 2,15,058 Crores this year with Rs. 7,500 Crores from internal resources, Rs. 1,00,258 Crores from extra budgetary resources and Rs. 1,07,100 Crores for capital expenditure allocation given in the General Budget.

Indian Railways received a record outlay of Rs 1,10,055crore, of which Rs 1,07,100 crore is for capital expenditure in the Union Budget 2021-22 presented in the Parliament today.

The Gross Budgetary allocation is Rs. 37,050 cr (53%) higher than BE 2020-21. Inspite of the covid, this is remarkable vindication of the progress being made being undertaken Infrastructure projects in Indian Railways.

With this increase in Capex, Indian Railways will be the driver of Indian economy. The thrust of Annual Plan 2021-22 is on infrastructure development, throughput enhancement, development of terminal facilities, augmentation of speed of trains, signaling systems, improvement of passengers/ users’ amenities, safety works of road over/under bridges etc.

The following plan heads have been allotted highest ever outlays in BE 2021-22 (Rs. in cr)

Plan head	BE 2020 – 21	BE 2021 – 22	Increase over BE 2020 – 21
New Lines	26971	40932	52%
Doubling	21545	26116	21%
Traffic Facilities	2058	5263	156%
ROB/ RUBs	6204	7122	15%

National Projects of Jammu & Kashmir, Himachal Pradesh, Uttarakhand and North Eastern region have been allocated highest ever outlay of Rs 12,985 cr. in BE 21-22 against the RE 20-21 of Rs 7535 cr i.e. increase of 72%.. Rs.37,270 cr of GBS allocated for investment in PSU/ JV/ SPVs, with allocation for DFCCIL of Rs. 16,086 cr, NHSRCL of Rs. 14,000 cr and KMRCL of Rs. 900 cr.

Source wise details of BE 2021-22 compared with BE 2020-21 is shown in the following table (Rs. in cr)

Source	BE 2020 – 21	BE 2021 – 22
Gross Budgetary Support	70250	107300
Internal Resources	7500	7500
Extra Budgetary Resources	83292	100258
Total Capex	161042	215058

Intense monitoring, better management and engagement with all the stake holders is ensuring that work is going on at unprecedented speed at the project sites now. Some projects will be commissioned by March 2021 are Redevelopment of Gandhinagar & Habibganj stations, Ahmedabad – Botad Gauge Conversion (170 km), Pilibhit – Shahjahanpur Gauge Conversion (83 km), Utretia – Raebarelli Doubling (66 km), Ghazipur-Aunihar Doubling (40 km), Ajmer – Bengurgram Doubling ( 47 km), and Nirmali – Sairagarh New Line including Kosi bridge (22 km). Key Railway Electrification projects that are also expected to be completed by March 2021 include: Mumbai – Abu Road, Mumbai – Ratnagiri,Howrah-New Cooch Behar section via Malda, Connectivity to Pipava Port , Ratlam/Mathura-Jaipur and Pune – Satara, Sonipat –Jind.

Last Financial year Indian Railways faced unprecedented Covid related challenges. Passenger services had to be stopped to prevent the spread of the virus. Indian Railways, however, kept the national supply chain running and moved great many number of migrants in the most adverse conditions.

The lockdown period was used as an opportunity by the Railways to complete more than 200 critical maintenance projects including massive track maintenance exercise, overhauling the freight business and fast tracking of the ongoing infrastructure projects like Dedicated Freight Corridors, J&K and North-East connectivity etc. In the post lockdown phase, remarkable revival in IR’s freight loading has been observed especially in the last 5 months, which shows the economic revival in the country as well as modal shift to Railways. This is due to doubling of average speed of freight trains from 23 kmph to 46 kmph, various tariff and non-tariff measures, as well as a first time ever “Freight Business Development Portal” for online booking of freight. The year is likely to close with higher loading over last year.

It may be noted that Indian Railways has prepared a National Rail Plan (NRP) for India-2030. This will be for a future ready Railways, wherein infrastructure will be created by 2030, which shall be able to cater to the demand till 2050. NRP which identifies demand and required capacity augmentation needed till 2030 also lays focus on retrieving the modal share for IR to the level of 45% by 2050 with ultimate aim to reduce logistic cost of the economy.

In the budget, it was announced that Western Dedicated Freight Corridor (DFC) and Eastern DFC are expected to be commissioned by June 2022. Further, the Finance Minister proposed the following additional initiatives to be taken up:

1. The Sonnagar – Gomoh Section (263.7 km) of Eastern DFC will be taken up in PPP mode in 2021-22. Gomoh-Dankuni section of 274.3 km will also be taken up in short succession.

2. Future dedicated freight corridor projects namely East Coast corridor from Kharagpur to Vijayawada, East-West Corridor from Bhusaval to Kharagpur to Dankuni and North-South corridor from Itarsi to Vijayawada will be undertaken. Detailed Project Reports will be undertaken in the first phase.

3. 100% electrification of Broad-Gauge routes will be completed by December, 2023. Broad Gauge Route Kilometers (RKM) electrified is expected to reach 46,000 RKM i.e., 72% by end of 2021 from 41,548 RKM on 1st Oct 2020.

While Focusing on Passenger Convenience and Safety, the budget has also proposed Introduction of the aesthetically designed Vista Dome LHB coach on tourist routes to give a better travel experience to passengers and provision of indigenously developed automatic train protection on High density network and highly utilized network routes of Indian railways. This system minimized the possibility of train collision due to human error.

What Is National Rail Plan 2030?

Indian Railways issues draft National Rail Plan
National Rail Plan set to become the template of planning for future development
National Rail Plan has been developed to plan infrastructural capacity enhancement along with strategies to increase modal share of the Railways & Business
The objective of the Plan is to create capacity ahead of demand by 2030, which in turn would cater to growth in demand right up to 2050
As part of the National Rail Plan, Vision 2024 has been launched for accelerated implementation of certain critical projects by 2024
Future projects for implementation beyond 2024 in both track and signalling have been identified with clear cut timelines for implementation
Three Dedicated Freight Corridors, namely East Coast, East-West & North-South identified along with timelines. PETS survey already underway
Several new High Speed Rail Corridors have also been identified. Survey on Delhi-Varanasi High Speed Rail already under way

National Rail Plan 2030 PDF Download – Click Here