As per the finances paperwork analysed by News18, highway and railway have registered a big rise in allocations over the previous few years. (Representational picture/PTI)
On Thursday, within the interim finances, the ministry of defence was allotted Rs 6.2 lakh crore. It was adopted by MoRTH at Rs 2.78 lakh crore and railways at Rs 2.55 lakh crore. Collectively, highway and railways have been given Rs 5.33 lakh crore this time
Continuing its dedication in the direction of prioritised infrastructure improvement, the Narendra Modi authorities in its interim finances 2024-25 has allotted the very best share to the ministries of highway transport and highways and railways solely after the defence ministry. Last yr too these have been the highest three ministries by way of allocations.
On Thursday, within the interim finances, the ministry of defence was allotted Rs 6.2 lakh crore. It was adopted by MoRTH at Rs 2.78 lakh crore and railways at Rs 2.55 lakh crore. Collectively, highway and railways have been given Rs 5.33 lakh crore this time. As per the finances paperwork analysed by News18, the 2 ministries have registered a big rise in allocations over the previous few years.
When in contrast to 2020-21, the allocations to each ministries have elevated greater than 3 times.
The ministry of defence has bagged the very best shares between 2020-21 and 2024-25 (interim) finances. But for highway and railways, it was solely after 2023-24 that the allocations elevated considerably, bringing them into the highest three ministries. The roads and railways weren’t even within the prime 5 positions in 2020-21.
In 2023-24, MoRTH was apportioned Rs 2.70 lakh crore whereas for railways it was the very best ever outlay at Rs 2.40 lakh crore. These two have been solely behind the ministry of defence which obtained Rs 5.94 lakh crore.
In 2022-23, Rs 1.99 lakh crore was earmarked for MoRTH and it was the third-highest allocation. For railways, the quantity was Rs 1.40 lakh crore and it was the fifth-highest allocation that yr.
In Budget 2021-22, the railways was apportioned Rs 1.10 lakh crore and it was the seventh highest, and earlier than that in 2020-21, it obtained Rs 0.72 lakh crore – eighth highest amongst all of the ministries.
In the 2020-21 Budget, the highway ministry was given Rs 0.91 lakh crore, the seventh highest, whereas in 2021-22, it obtained Rs 1.18 lakh crore, the sixth highest among the many ministries.
In her finances speech on Thursday, finance minister Nirmala Sitharaman mentioned that 40,000 regular rail bogies will probably be transformed to Vande Bharat requirements to improve the protection, comfort, and luxury of passengers.
She additionally highlighted that three financial railway hall programmes will probably be applied for vitality, mineral and cement, port connectivity, and excessive site visitors density.
“The projects have been identified under the PM Gati Shakti for enabling multi-modal connectivity. They will improve logistics efficiency and reduce cost,” she mentioned.
The minister additionally mentioned that the resultant decongestion of the excessive-site visitors corridors will assist in enhancing the operations of passenger trains, leading to security, and better journey pace for passengers.
