Union Budget 2024: Capital Expenditure Outlay Increased by 111%
Budget Highlights
The Capital Expenditure Outlay for the financial year 2024-25 has been increased by 111% to Rs. 40,000 crore. This significant increase will support various rail infrastructure projects, including the conversion of normal rail bogies to high-speed bogies.
Key Points
- The Capital Expenditure Outlay for FY 2024-25 is set at Rs. 40,000 crore.
- This represents an increase of 111% compared to the previous financial year.
- The increased outlay will facilitate the conversion of 40,000 normal rail bogies to high-speed bogies.
- This investment is expected to enhance the safety and efficiency of India's railway network.
Impact on Rail Infrastructure
The modernization of the rail bogies will pave the way for higher train speeds, reduced travel times, and improved passenger comfort. Additionally, the enhanced safety features will minimize the risk of derailments and other accidents.
Economic Benefits
The increased capital expenditure is also expected to have a positive impact on the economy. It will stimulate employment in the construction and manufacturing sectors while supporting the growth of related industries. Furthermore, the improved rail infrastructure will facilitate trade and tourism, contributing to overall economic development.
Conclusion
The government's decision to increase the Capital Expenditure Outlay for rail projects is a welcome step that will enhance India's transportation infrastructure. The conversion of normal rail bogies to high-speed bogies will significantly improve the efficiency, safety, and economic benefits of the country's railway system.
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