Railway Ministry sets in motion Rs 2-trillion budgetary push

The people have high expectations from the Rail Budget as the Union Finance Minister Nirmala Sitharaman will present her fifth Budget on February 1. In its first term, the Modi government at the Centre had linked the Rail Budget with the General Budget, under which the money for the Railways is now provided. According to the information, the Centre is going to increase the Railway Budget this time by up to 20 per cent. Earlier, in the pre-Budget meeting, the Railway Board demanded 25-30 per cent more funds in the allocation of the Finance Ministry. In such a situation, the government can give a fund of about Rs 2 trillion to the Ministry of Railways in the Budget leading to an atmosphere of enthusiasm in sectors related to the Railways. There have also been various demands from the passengers. This is the last full Budget of the Modi government before the upcoming Lok Sabha elections. Along with this, before the 2024 Lok Sabha polls, elections will be held in 10 states of the country in this year, including big states like Rajasthan, Chhattisgarh, Madhya Pradesh, Karnataka, Telangana and Tripura, Meghalaya, Nagaland and Mizoram in the Northeast. Elections can be held in Jammu and Kashmir this year. In this Railway Budget, the Central government can announce many new railway facilities for the passengers.