SUBMITTED BY – KALI GUPTA (MBA) ( 2023- 25) SUBMITTED TO- SUMIT SIR
TOPIC IMPARICAL STUDY ON INTERIM BUDGET 2024 , IN CONTEXT TO ITS RAILWAY SECTOR . INTERIM BUDGET 2024
WHAT IS INTERIM BUDGET ? An interim budget is a temporary budget that the government creates during a change in leadership or election period. It helps keep things running smoothly until a new full budget is presented. It's like a short- term plan to make sure essential services and financial commitments are taken care of.
WHAT IS NEED OF INTERIM BUDGET ? It ensure a smooth transition Keeps things running Provide stability Allow time for planning
INTRODUCTION
Railways The Interim Budget 2024-25 allocated Rs 2.55 lakh crore for the Railways to keep its capex momentum intact. BUDGET 2024
Railways An important milestone: Highest-ever Capex utilization In the railway sector has been the remarkable capital expenditure (Capex) by Indian Railways between April 1, 2023, and December 31,2023, representing the highest-ever utilisation of Capex within a nine-month period . Milestone
Railways Major announcements for Railway sector: Three major Railway corridors aimed at enhancing logistics efficiency. One corridor prioritises high-density passenger traffic routes while focilitoting the movement of goods and people. Conversion of 4O,OOO bogeys to the standard of Vande Bharat co a ches . Major announcements
Railways Ra il way Budget 2024:
Railways IRCTC SHARE PERFORMANCE Irctc ipo came in 30 sep 2019 at price of 155rs Massive growth of 53% in the past year Total growth of Irctc since lP0 is 518.9498. The market cap at the time of the IPO was 645 CR; now it's at 76.9 trillion crore. Budgeting Report
Railways 2023 SEVERAL RECORD GROWTHS REVEN UE In 2022-2023 , IR earned a record revenue of Rs 2 .40 lakh crore, which is a 25 % increase from the previous year. Freight revenue also increased by nearly 15% to Rs 1.62 lakh crore . FREIGHT LOADING In 2022-2023,IR saw record-breaking freight loading of 1,512 MT. In August 2023 , freight loading increased by 6.38 % compared to August 202 2. PASSENGERS In 2022-2023 , the number of passengers using IR increased by more than 80% to 623 crore . Milestone
Railways 2024 New Changes in Northern Railway . Northern Railway Lu c know Division DRM, Sachinder Mohan Sharma, announced an investment of Rs. 19,575 crores over the next five years. Plans include laying new tracks spanning 1978 kilometers. Additionally , the division has achieved 100% electrification Budgeting report