Important Railway Budget 2022 Announcements

Union Finance Minister Nirmala Sitharaman tabled the Union Budget 2022 in the Lok Sabha on Tuesday. Sitharaman began her Budget 2022 presentation by expressing sympathy for those affected by the COVID-19

According to the Finance Minister, India's economic growth in the current fiscal year is expected to be 9.2 percent, the highest among all large economies. She also stated that the Union Budget 2022-23 aims to lay the groundwork and provide a roadmap for the economy over the next 25 years. This is the sixth combined budget since the Rail Budget and the Union Budget were combined in 2017.

The Railway Ministry received Rs 140367.13 crore in the Union Budget presented on Tuesday, which is Rs 20,311 crore more than the revised figures for the previous fiscal year.

In her Budget speech for 2022-23, Finance Minister Nirmala Sitharaman stated that India will manufacture 400 new, energy-efficient Vande Bharat trains over the next three years. The rail industry will also develop "One Station, One Product," which will capitalize on local produce transported by rail.

Key Takeaways From Rail Budget 2022

• Railways will develop new products and efficient logistics services for small farmers and SME's, as well as lead the integration of postal and railway networks to provide seamless parcel movement solutions.
• In 2022-23, 2,000 km of network will be brought under Kavach, the indigenous world-class technology for safety and capacity augmentation, as part of Atmanirbhar Bharat.
• During the next three years, 400 new-generation Vande Bharat Trains with improved energy efficiency and passenger riding experience will be developed and manufactured. These new train sets will be made of lightweight aluminum rather than steel, making each around 50 tonnes lighter in weight and consuming much less energy than their steel counterparts, according to FM Nirmala Sitharaman.
• Innovative financing methods and faster implementation will be encouraged for the construction of appropriate-sized metro systems.
• Priority will be given to multimodal connectivity between mass urban transportation and railway stations. Metro system design, including civil structures, will be reoriented and standardized for Indian conditions and needs.

The introduction of 400 Train Set 18 to improve Rail passenger experience under 'One Product, One Railway Station,' investment in Kawach, signaling, and telecommunication infrastructure, and a focus on Atmanirbhar Bharat products are all positive signs for Indian Railways. In general, the budget was forward-thinking.

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