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Budget 2023: Nirmala Sitharaman announces Rs 2.40 lakh crore outlay for Railways; Kavach anti-collision system introduced

Finance Minister Nirmala Sitharaman announced a capital outlay of Rs 2.40 lakh crores for the Indian Railways, the highest-ever allocation since 2013-14. The massive allocation is to the benefit of the middle-class as it means the freight fare and passenger tickets won’t likely be hiked by the railways.

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Indian Railways

Finance Minister Nirmala Sitharaman announced a capital outlay of Rs 2.40 lakh crores for the Indian Railways, the highest-ever allocation since 2013-14. The massive allocation is to the benefit of the middle-class as it means the freight fare and passenger tickets won’t likely be hiked by the railways.

Sitharaman pointed out that the outlay was nine times the allocated amount made in 2013-14 during the Congress-led UPA regime.

The Narendra Modi government decided to do away with presenting a se present a separate Railway budget. Suresh Prabhu was the last Railways Minister to present a separate Railway Budget.

Insiders believe that the Railway Budget will aim to promote “Make In India” and will focus on boosting avenues of producing renewable energy. Sitharaman will lay out a detailed description of budget estimates, annual statements, revenue, and allocations for the Indian Railways.

The Finance Minister also introduced the launch of “Kavach” Train Collision Avoidance System, an automated train protection system, indigenously developed by the Indian Railways to prevent accidents due to human error resulting in Signal Passing at danger and over-speeding.

Presenting the outlay for the Railway Budget, Sitharaman said that Indian Railways’ initiative to keep the trains and railway stations has gained increased thrust in the last eight years.

Read Also: Union Budget 2023: 5 big expectations from Nirmala Sitharaman

She said the railways have increased the numbers of mechanized cleaning contracts at stations and Coaches in trains, rag picking, and garbage disposal contracts at stations, and Onboard Housekeeping Service (OBHS) increased in the number of trains.

Earlier, Sitharaman announced that the agriculture credit target will be raised to Rs. 20 lakh crores which will primarily focus on animal husbandry, dairies and fisheries.

Sitharaman who presented her fifth consecutive budget at 11: am today announced that the Union government will introduce Agriculture Accelerator Fund to boost agriculture startups by young professionals, especially in rural areas.

This is Narendra Modi-led BJP government’s last full-fledged Budget before the Lok Sabha polls early next year. Union Budget 2023-24 is also the first normal budget after the coronavirus pandemic.

Budget 2023: Higher spending on education, healthcare; lower fiscal deficit likely

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West Bengal Governor dissolves Assembly amid political transition 

Governor R N Ravi dissolved the West Bengal Assembly after the 2026 poll results, with the BJP securing a majority in the state elections.

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The West Bengal Legislative Assembly was dissolved following the conclusion of the 2026 Assembly elections, in which the Bharatiya Janata Party secured a clear majority in the state.

Governor R N Ravi issued the order dissolving the Assembly as the state prepared for the transition of power after the election results. According to reports, the BJP won 207 seats in the 294-member Assembly, while the Trinamool Congress secured 80 seats.

Chief Minister Mamata Banerjee questioned the election outcome and alleged irregularities in the poll process, claiming the mandate had been “looted”.

The dissolution came as the tenure of the existing Assembly ended on May 7, 2026. The development has sparked political discussions over the formation of the next government in the state.

Meanwhile, Mamata Banerjee held a meeting with newly elected Trinamool Congress MLAs in Kolkata and reportedly raised concerns over internal sabotage during the elections.

The BJP is expected to begin the formal process of government formation in West Bengal after its decisive victory in the Assembly polls.

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Eknath Shinde’s helicopter returns to Mumbai mid-flight due to bad weather

Maharashtra Deputy Chief Minister Eknath Shinde’s helicopter was forced to return to Mumbai after the pilot detected approaching storm conditions during a flight to Thane district.

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A helicopter carrying Maharashtra Deputy Chief Minister Eknath Shinde was forced to return to Mumbai on Thursday after encountering adverse weather conditions during a flight to Thane district.

According to officials, Shinde had departed from Mahalaxmi Racecourse in south Mumbai around 3.30 pm and was travelling to Murbad in Thane district to attend a wedding function related to a party worker’s family.

The helicopter reportedly reached the Airoli area in Navi Mumbai when the pilot noticed an approaching storm and informed the deputy chief minister about the deteriorating weather conditions. Following the alert, the flight was turned back as a precautionary measure.

The helicopter later landed safely at the Pawan Hans facility in Juhu, Mumbai. Officials said Shinde was accompanied by members of his staff, including personal assistant Prabhakar Kale, special executive officer Balsingh Rajput and media adviser Vinay Patrdukar.

The incident comes amid changing weather conditions and storm activity reported in parts of Maharashtra in recent days.

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Nitish Kumar’s son Nishant among 32 inducted in Bihar cabinet expansion

Nishant Kumar entered the Bihar cabinet for the first time as 32 ministers from NDA allies took oath in a major expansion of the state government.

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Bihar government cabinet

A major cabinet expansion took place in Bihar on Thursday, with 32 leaders from the ruling NDA alliance inducted into the state government. Among the prominent names was Nishant Kumar, son of former Bihar chief minister Nitish Kumar, who entered the cabinet for the first time.

The expansion included representatives from all major NDA allies in the state. According to reports, the BJP secured 15 ministerial berths, while JD(U) got 13 positions. Two ministers were inducted from Lok Janshakti Party (Ram Vilas), while Hindustani Awam Morcha and Rashtriya Lok Morcha received one berth each.

The oath-taking ceremony was held in Patna in the presence of senior NDA leaders, including Prime Minister Narendra Modi, Union Home Minister Amit Shah and Defence Minister Rajnath Singh.

Nishant Kumar’s induction comes weeks after he formally entered active politics. His entry into the Bihar cabinet is being viewed as a significant development for JD(U), which had long projected an anti-dynasty image under Nitish Kumar’s leadership.

The cabinet reshuffle follows Nitish Kumar’s move to the Rajya Sabha earlier this year and the formation of the government led by Chief Minister Samrat Choudhary.

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