DFC assets set to be monetised
Union Finance Minister Nirmala Sitharaman on Monday proposed a ‘record’ allocation of ₹1.10 lakh crore for the Indian Railways in the Budget, with a total capital expenditure outlay of ₹2.15 lakh crore for the upcoming financial year.
With a 33% increase in total capital expenditure for 2021-22 over ₹1.61 lakh crore (revised estimates) for 2020-21, the Railways said funds would be utilised to boost ‘Atmanirbhar Bharat Mission’ and towards completion of vital infrastructure projects, capacity building, passenger amenities and safety enhancement.
Special loan
According to Budget documents, during the year, the Railways was provided ₹79,398 crore as ‘Special Loan for COVID-related resource gap’ and towards liquidating the adverse balance that occurred in Public Account in 2019-2020.
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Budget 2021: Who got what
India s ambitious Budget 2021 had something for everyone. But, infrastructure and healthcare turned out to be the biggest winners. The allocation for the defence sector too wasn t any lesser. In a host of announcements, Union Finance Minister Nirmala Sitharaman sought to pull out the country s economy from a creaking financial system, generate more employment opportunities, and ramp up healthcare by prioritizing vaccination for all. There were quite a few firsts during the presentation of the 2021-22 Union Budget in the Lok Sabha. For the first time, the budget went paperless and members were provided soft copies of the speech and documents. The 110-minute speech was her shortest.
Sitharaman cuts it short this year, Budget speech around 1 hour, 50 min ANI | Updated: Feb 01, 2021 15:35 IST
New Delhi [India], February 1 (ANI): Finance MinisterNirmala Sitharaman on Monday presented the Budget 2021-22 that lasted around one hour and 50 minutes.
This was a shorter speech compared to the last two years where Sitharaman spoke for over two hours. In 2020, she was not able to complete her speech after speaking for a record 160 minutes in the Lok Sabha.
During her third budget speech in Lok Sabha, Sitharaman said that the government is committed to the welfare of farmers and the Minimum Support Price (MSP) regime has undergone a change.
The total capital expenditure outlay is ₹2.15 lakh crore for coming financial year
Union Finance Minister Nirmala Sitharaman on Monday proposed a “record” budgetary allocation of ₹1.10 lakh crore for the Railways in the Budget, with total capital expenditure outlay of ₹2.15 lakh crore for the coming financial year.
With a 33% increase in total capital expenditure for 2021-22 over ₹1.61 lakh crore (revised estimates) for 2020-21, the Railways said funds would be utilised to boost ‘Atma Nirbhar Bharat Mission’ and towards completion of vital infrastructure projects, capacity building passengers amenities and safety enhancement.
According to budget documents, during the year, the Railways was provided ₹79,398 crore as ‘Special Loan for COVID related resource gap’ and towards liquidating the adverse balance occurred in Public Account in 2019-2020.
First ‘Python’ container train service on DFC to be flagged off on Monday
January 31, 2021
‘Python train’ service clubs two double-stack container trains, each carrying 180 containers, and pulled by three locomotives.
Gateway Rail Freight Ltd will flag off the first so-called ‘Python’ container train service on a recently opened section of Western dedicated freight corridor on Monday carrying 360 containers of French shipping Line CMA CGM S A.
‘Python train’ service clubs two double-stack container trains, each carrying 180 containers, and pulled by three locomotives.
Sachin Bhanushali, chief executive officer and whole-time director, Gateway Rail Freight Ltd, told BusinessLine that two double-stack container trains arriving from Mundra port and Pipavav port carrying import containers of CMA CGM will be put together at New Kishangarh (Madar Jn) in Rajasthan and hauled over 306 km to New Ateli (Rewari in Haryana).