Published 16:47 IST, February 1st 2021

Union Budget 2021: Piyush Goyal says budget will 'accelerate growth' across all sectors

The Union Railway minister also remarked that the Union Budget would help bring 'positive changes' across every section and region of the country.

India News
2 min read

Follow:

null | Image: self

Union Railways Minister Piyush Goyal on Monday lauded the Union Budget 2021-22, calling it a 'balanced and dedicated budget' for the development of the nation. The leader also remarked that the Union Budget would help bring 'positive changes' across every section and region of the country.

"Today's AatmanirbharBharatKaBudget is the budget to ensure the overall development of the country including industries, agriculture, MSMEs, infrastructure. My best wishes and congratulations to Prime Minister and the Finance Minister for such a balanced and dedicated budget for development" said Piyush Goyal.

"This budget, along with self-sufficiency, will accelerate the pace of progress in every section and region of the country and will bring positive changes in investors, and industries as well as infrastructure sector in the country by simplifying rules and procedures," he added.

Read: Budget 2021 Thrills Nitin Gadkari; MoRTH Minister Hails 'historic' Infrastructure Push

Read: Budget 2021 Hikes Infra Capex 34.5% To HUGE ₹5.54 Lakh Cr: Roads, Rail & Sea Breakup Here

Big boost to railway sector

Under the Union Budget, Finance Minister Nirmala Sitharaman has stated that the Ministry of Railways will develop the National Rail Plan for India 2030 which aims at creating a future-ready railway system to bring down the logistic costs for industries. An outlay of Rs 1,10,055 crore will be provided for the Ministry of Railways of which Rs 1,07,100 crore has been provided for capital expenditure.

Further, she proposed Rs 1,07,000 crore for capital expenditure of Indian Railways and announced the setting up of dedicated freight corridors across the country. FM Sitharaman also announced the government's plans to equip trains plying on the high-density networks and routes with an indigenously developed automatic train protection system that will prevent train collision due to human error.