Indian Railways has sought gross budgetary support of about Rs 2 trillion for FY24. It's the highest-ever!

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Railway ministry has cited the increased pace of capacity creation in the sector as one of the reasons for the high ask

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Funds are also needed for projects like laying of new lines, gauge conversion, electrification and signalling, apart from improvement in rolling stock

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The Ministry is targeting 100% electrification of its network by 2023

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Railways is also thinking of laying at least 2,000 km of new tracks, as well as for rolling out new Vande Bharat trains

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It is hoping to also enhance safety features on trains through automatic train protection as well as automatic signalling

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