Record allocation of ₹1.37 lakh crore for Railways
- The Union Budget has proposed a record budgetary allocation of ₹1.37 lakh crore for the Railways, with a capital expenditure outlay of over ₹2.45 lakh crore for the upcoming financial year.
- With a 14% higher capital expenditure over last year, the national transporter plans to utilise the funds to complete key stalled projects and enhance passenger amenities and safety.
- Finance Minister Nirmala Sitharaman announced that 2,000 km network will be brought under Kavach — an indigenous technology developed for safety, in 2022-23.
- FM has mentioned 100% electrification of Broad Gauge Routes by the year 2023.
- For the upcoming fiscal, the Railways is targeting a 98% operating ratio, but is hopeful of bettering this on the back of improved freight performance.
- The operating ratio indicates how much the Railways spends to earn a rupee.
- Kavach is an indigenously developed anti-collision device that can prevent accidents and can help in reducing the number of accidents to zero.
- With the help of this device, preparations are being made to make the railway network of 2 thousand kilometers to be ready in the country safe.
Vande Bharat Trains
- In her Budget speech, Finance minister announced to manufacture 400 new, energy-efficient Vande Bharat trains in the next three years.
- The Vande Bharat Express, also known as Train 18, is an Indian semi-high-speed, intercity, EMU (electric multiple unit) train, which was designed and manufactured by Integral Coach Factory (ICF) at Perambur, Chennai under the Indian government's Make in India initiative, over a span of 18 months.
- It is an all air-conditioned chair car service with premium aircraft-style comforts. Vande Bharat has 16 coaches. It is engine-less, that is, it runs on distributed traction and its first prototype was ready by the end of 2018.
- It has a speed potential of 160 kmph and design speed of 180 kmph.
One station, One product
- Finance Minister Nirmala Sitharaman announced, while presenting the India’s budget 2022, the innovative idea of ‘one station, one product’ for the country’s extensive railway network, one of the longest in the world.
- The idea is to better promote supply chain of local product using the railways and making each railway station a promotional hub and showcase destination for a local product.
- This will help develop more efficient logistics for farmers and agri-enterprises and present unique regional products to a wide audience, i.e. railway travellers, passing through the stations.
- One station, one product takes forward the ‘one district, one product’ programme of the government which has successfully started promoting unique products from every district of India.