Budget 2021: What’s in store for Indian Railways this time?
Finance Minister Nirmala Sitharaman will present the Union Budget 2021 for the third time in the Parliament on February 1. Like other sectors, railways also suffered huge financial losses as full-scale services have not been operationalised even 10 months after Covid-19 pandemic hit India.
Though there’s no separate budget for railways any more, the government may have some major announcements for the strategically important sector. The railways had played a crucial role in ferrying migrant workers from major cities to their native areas after the first lockdown in India in March 2020. However, the services remained shut for several months, before resuming services partially in May.
The railways are considered to be the crucial driver of India’s economy. And, giving a boost to it amid the pandemic becomes even more crucial.
