K’taka’s Railway Budget Rose from ₹835 cr to ₹7,500 cr: Vaishnaw
Union Railway Minister Ashwini Vaishnaw recently made a significant statement that highlights the impressive growth of the railway budget in the state of Karnataka. Speaking after Prime Minister Narendra Modi flagged off the Bengaluru Metro’s Yellow Line on Sunday, Vaishnaw stated that Karnataka, being an important state, was previously receiving a meager ₹835 crore before 2014. However, under the current government, led by PM Modi, the state has witnessed a substantial increase in its railway budget, now receiving ₹7,500 crore.
This remarkable growth is a testament to the government’s commitment to developing the infrastructure of the country, particularly in states that have the potential to contribute significantly to the nation’s growth. Karnataka, being one of the most economically developed states in the country, has always been a focus area for the government.
The railway budget in Karnataka has seen a significant increase over the years, with various projects worth ₹54,000 crore underway in the state. This substantial investment is expected to have a positive impact on the state’s economy, creating new job opportunities and improving connectivity between different parts of the state.
The Bengaluru Metro’s Yellow Line, which was flagged off by PM Modi, is a prime example of the government’s efforts to improve the state’s transportation infrastructure. The metro line is expected to reduce traffic congestion in the city and provide a convenient mode of transportation for the citizens. The project has been built at a cost of ₹14,000 crore and is expected to benefit over 1 million passengers every day.
The growth of the railway budget in Karnataka is not limited to just the Bengaluru Metro project. The state has several other railway projects underway, including the introduction of new trains, upgrading of existing infrastructure, and construction of new railway stations. These projects are expected to improve the overall passenger experience and increase the efficiency of the railway network in the state.
The railway budget increase is also expected to have a positive impact on the state’s economy. The improved transportation infrastructure is expected to increase the movement of goods and services, which will have a positive impact on the state’s GDP. Additionally, the new job opportunities created by these projects will also contribute to the growth of the state’s economy.
It is worth noting that the growth of the railway budget in Karnataka is not unique to the state. The railway budget has seen a significant increase across the country under the current government. The government has been investing heavily in the development of the railway network, with a focus on increasing the speed and efficiency of trains, improving the passenger experience, and increasing the connectivity between different parts of the country.
In conclusion, the growth of the railway budget in Karnataka from ₹835 crore to ₹7,500 crore is a significant achievement that highlights the government’s commitment to developing the state’s infrastructure. The various projects underway in the state, worth ₹54,000 crore, are expected to have a positive impact on the state’s economy and improve the overall passenger experience. The government’s efforts to develop the railway network in Karnataka are a testament to its commitment to the state’s growth and development.
Source: https://repository.inshorts.com/articles/en/PTI/55a90de2-f1f5-43d4-b09c-2c0c4c6b06d1
