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    MSMEs are the true builders of India’s economic resilience: LG Sinha
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August 19, 2026
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MSME competitiveness requires affordable credit, technology adoption, formalisation, sustainable trade and stronger export-market access for inclusive growth.
MSME development is identified as central to employment generation, exports, entrepreneurship, economic resilience and self-reliance. Key priorities include affordable credit, technology upgradation, supply-chain integration, market access, brand-building and reduced red tape. Formalisation of micro industries is emphasised to expand institutional credit access, while sustainable trade is promoted through green technologies and renewable energy. Export competitiveness is to be strengthened through regional production capabilities and the "One District, One Export Hub" initiative.
August 19, 2026
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Supply-side inflation risks support a policy pause pending evidence of broad-based, persistent price pressures and de-anchored expectations.
Monetary policy calibration remained on hold because food and fuel inflation had not yet produced broad-based or persistent price pressures. The policy pause was supported by limited pass-through of supply-side shocks, contained core inflation and no clear demand-driven overheating. Recalibration depends on incoming evidence of persistent inflation, entrenched supply-side pressures, de-anchored expectations and the evolving growth-inflation dynamic. Geopolitical disruption, volatile oil prices, monsoon conditions and El Nin o-related agricultural risks remain material inflation risks.
August 19, 2026
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Examination irregularities investigation examines alleged answer-sheet cheating, managed centres and suspected solver-gang involvement by a biometric operator.
Alleged examination irregularities involved suspected cheating through the receipt of an answer sheet by an examinee from personnel of a private firm conducting the examination. Police arrested a biometric operator following an investigation into his alleged involvement. His prior work with biometric firms and manpower supply agencies was examined in connection with clues concerning allegedly managed examination centres and a suspected solver gang.
August 19, 2026
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Trade restrictions on Iran halt commercial and financial exchanges as regional security threats disrupt maritime commerce and re-export access.
UAE trade restrictions on Iran halted all trade, commercial exchanges and financial transactions until further notice following reported ballistic-missile incidents and regional security escalation. The UAE assessed the missiles as directed at maritime traffic, while Iran denied launching them. The suspension disrupts the UAE's role as a major trade and re-export gateway for Iran and may increase Iran's economic isolation. Continuing threats to shipping through the Strait of Hormuz also create economic risk for the UAE's regional business, finance and tourism position.
August 19, 2026
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Inflation persistence and expectations guide continued rate hold amid supply shocks and uncertainty over broader price pressures.
Monetary policy calibration remains contingent on clearer evidence that supply-side price shocks are becoming persistent, broad-based inflationary pressures. The policy rate was maintained unchanged amid uncertainty from higher energy costs, supply-chain disruption, an erratic monsoon and food, fuel and input-price risks. Policy tightening may be required if inflation becomes generalised, expectations become de-anchored, or inflation persists. A wait-and-watch approach was preferred pending clearer realised inflation, forecasts, weather effects and global conditions.
August 19, 2026
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Online credit card applications streamline comparison, eligibility screening and e-KYC, while approval remains subject to issuing-bank criteria.
Online credit card applications through the JioFinance app combine card comparison, eligibility checks, electronic verification, application submission and status tracking. Eligibility screening may occur without affecting the applicant's credit score, but approval remains subject to the issuing bank's criteria and internal policies. Aadhaar-based e-KYC or other accepted electronic verification may be used where applicable. Applicants should provide accurate Aadhaar, PAN and mobile details. Eligible approved applicants may receive a virtual card before physical-card delivery, subject to applicable terms and conditions.
August 19, 2026
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Comprehensive strategic partnership drives ministerial and business engagements on investment, market access, technology collaboration, skills and agri-food trade.
India-Singapore economic engagement is being advanced through ministerial and business roundtables under the Comprehensive Strategic Partnership. A multidisciplinary business delegation is undertaking business-to-business, government-to-business and institutional engagements focused on partnerships, investment, market access, technology collaboration and talent development. Agricultural trade cooperation includes promotion of Indian agri-food exports through a retail initiative. The engagement seeks to strengthen trade, investment, digitalisation, advanced manufacturing, skills development, green-economy cooperation and people-to-people ties.
August 19, 2026
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International senior notes issuance diversifies the bank's funding sources and expands access to global debt capital markets.
IDFC FIRST Bank accessed international debt capital markets through its IFSC Banking Unit at GIFT City by issuing inaugural fixed-rate senior notes with a three-year tenor, due in 2029. The notes were offered to investors outside the United States under the Regulation S format. The issuance followed an investment-grade long-term issuer credit rating with a stable outlook, diversifies the bank's funding sources, and creates an avenue for access to global capital markets in support of long-term growth.
August 19, 2026
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Closing auction session safeguards market transparency through pooled order matching, backed by immediate action against manipulation and stronger monitoring.
Closing auction session (CAS) improves transparency and reduces manipulation in end-of-trading price formation by pooling buy and sell orders during a designated closing window for auction-style matching. Manipulation intended to undermine CAS is subject to prompt and stringent action, supported by enhanced monitoring. Responsible use of artificial intelligence and machine learning requires tiered accountability and governance, including kill-switch, human-in-the-loop and data controls. Regulated entities remain responsible for privacy, security and integrity of investor data used by every AI tool they deploy.
August 19, 2026
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Foreign exchange market movement shows rupee pressure from elevated crude prices, moderated by reserves, intervention and FCNR(B) inflows.
Foreign exchange market movement saw the rupee depreciate marginally against the US dollar amid higher global crude oil prices, heightened West Asia tensions, a stronger dollar environment and weaker domestic equity markets. Central-bank intervention and foreign fund inflows provided support. Adequate foreign-exchange reserves and stronger-than-expected FCNR(B) scheme inflows were identified as factors limiting the scope for sharp depreciation.
August 19, 2026
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AI reliability engineering expands through an enterprise hub supporting AI assurance, agentic engineering, observability and trusted AI deployment.
QualityKiosk Technologies has established a Hyderabad engineering hub to expand AI reliability engineering, AI assurance and agentic engineering capabilities. The centre supports engineering, marketing, branding, analyst-relations and advisory functions, while serving enterprise demand for AI reliability, product engineering, CloudOps and automation. It advances an AI reliability operating framework covering AI for reliability, reliability of AI, agentic engineering, shift-right engineering, frontier-system reliability, observability and platform-based delivery to promote governance, resilience, operational trust and assurance in AI-powered systems.
August 19, 2026
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Money laundering investigation examines alleged diversion of government contract funds and their use in creating trust and university assets.
Money-laundering investigation under the Prevention of Money Laundering Act led to searches of premises associated with the Maulana Mohammad Ali Jauhar Trust, its university, linked companies, promoters and a chartered accountant. The inquiry concerns alleged diversion of government contract funds through private contractors and their alleged subsequent use, including for creating assets of the Trust and university. Separate planning-law issues concern allegations that most university buildings were constructed without approved plans.
August 19, 2026
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Foreign exchange market conditions supported marginal rupee strength despite crude oil pressures, regional tensions and oil-company dollar demand.
Foreign exchange market conditions reflected a marginal strengthening of the rupee against the US dollar in early trading, supported by reported Reserve Bank of India intervention, a softer dollar index and foreign institutional equity inflows. Higher global crude oil prices, West Asia tensions and oil-company demand for dollars continued to exert pressure, resulting in a range-bound trading environment.
August 19, 2026
Show AI Summary
Competition approval for Tata Steel's share acquisition restructures ownership of logistics joint venture following an existing partner's exit.
Competition approval has been granted for Tata Steel Ltd.'s acquisition of IQ Martrade Holding Und Management GmbH's entire 23% equity shareholding in TM International Logistics Ltd., resulting in IQ Martrade's exit. Following completion, Tata Steel and NYK (Europe) B.V. will hold 74% and 26% equity shareholding, respectively. TM International Logistics primarily serves Tata Steel's logistics and cargo transportation requirements through railway cargo transportation, port operations and cargo handling, freight forwarding, and value-added logistics services.
August 19, 2026
Show AI Summary
Competition approval enables increased insurtech shareholding through a rights issue, crossing the prescribed ownership threshold in insurance businesses.
Competition approval has been granted for General Atlantic Singapore ACK Pte. Ltd. to acquire additional shareholding in Acko Technology & Services Private Limited through the target's rights issue, resulting in the acquirer crossing the 25% shareholding threshold on a fully diluted basis. The target is an Indian insurtech company with subsidiaries conducting licensed general and life insurance businesses, while another subsidiary awaits a corporate agency licence for insurance-policy distribution.
August 19, 2026
Show AI Summary
India-Japan investment partnership prioritises technology, manufacturing and infrastructure collaboration, with Uttar Pradesh positioned for deeper Japanese commercial engagement.
India-Japan economic cooperation is positioned for deeper investment and commercial partnerships in manufacturing, technology, infrastructure, energy, defence, artificial intelligence, semiconductors, critical minerals, batteries and next-generation mobility. Uttar Pradesh is identified as a prospective destination for Japanese investment because of its workforce, connectivity, manufacturing base, MSME sector, export capacity, transport infrastructure and industrial clusters. Investment facilitation is associated with reforms in ease of doing business, digital public infrastructure and multimodal logistics.
August 19, 2026
Show AI Summary
Carbon border adjustment compliance requires reliable emissions data, reporting, accreditation and verification throughout exporters' supply chains.
European Union Carbon Border Adjustment Mechanism compliance requires exporters to address covered products, embedded-emissions calculation, data collection, reporting, accreditation and verification. Preparedness across the export value chain depends on timely emissions data from suppliers and other stakeholders, supported by credible verification mechanisms. Capacity-building and engagement seek to facilitate workable compliance with evolving sustainability-related international trade requirements.
August 19, 2026
Show AI Summary
Youth banking engagement promotes sustained customer relationships through digital access, campus outreach and financial support across evolving life stages.
Public Sector Banks and Public Financial Institutions are urged to implement actionable strategies with clear ownership and realistic timelines. Youth banking engagement is to be strengthened through a focused campaign, a common digital access platform and physical outreach, supporting young customers' evolving financial needs. Priority sector lending requires granular monitoring, early identification of target gaps and productive credit flow to intended beneficiaries. Agriculture and horticulture value-chain financing may cover farmer producer organisations, storage, processing, logistics and market linkages, while credit card strategies include digital onboarding, cross-selling and RuPay-UPI integration.
August 18, 2026
Show AI Summary
Port connectivity obligations shape Vizhinjam export-import operations, logistics integration, infrastructure acceleration, and scrutiny of prior stakeholder notification.
Vizhinjam port concession obligations include road and rail connectivity to maximise the benefits of export-import operations. The State government proposes land acquisition funding for a ring-road project, is engaging with central ministries on rail connectivity, and is seeking to expedite national-highway construction. Mission Samudra is intended to connect Cochin port and 18 mini ports with Vizhinjam to support lower-cost, faster exports. Concerns were also raised over the State government not receiving prior intimation of a proposed stake transfer in the port project company.
August 18, 2026
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Public sector banking competitiveness requires distinct institutional strengths, early capability building and strategic support for economic growth priorities.
Public sector banks are urged to use their customer base, branch networks, geographic reach, institutional experience and digital capabilities to build stronger competitive positions and leadership. Each bank may develop distinct areas of excellence based on geography, customer relationships, sectoral expertise, technology capabilities or international presence. Strategic priorities include deposit mobilisation, banking for youth, support for investment and global capability centres, agriculture and horticulture infrastructure, credit-card business reorientation and priority sector lending.

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Union Budget 2026–27 Drives Passenger-Centric Railway Modernisation, Enhanced Safety, and All-Round Regional Development

February 4, 2026

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High-Speed Rail Corridors to Reduce Travel Time; Delhi–Varanasi in 3 Hours 50 Minutes, Varanasi–Siliguri in 2 Hours 55 Minutes, Chennai–Bengaluru in 1 Hour 13 Minutes, Mumbai–Pune in 48 Minutes

Himalayan Rail Expansion to Enhance Pilgrim, Tourist and All-Weather Connectivity; Rishikesh–Karnaprayag Line and Uri Extensions to Improve Access to Remote Areas

Planned 40-km Underground Rail Corridor to Strengthen Connectivity Between Northeast and Rest of India; Four-Line Expansion to Ensure Uninterrupted Passenger and Freight Movement

Railway development across the country has received a major boost under the Union Budget, with record allocations to states aimed at strengthening connectivity, enhancing passenger safety, modernising infrastructure, and expanding freight networks. This sustained investment reflects the government’s commitment to all-round development, positioning railways as a key driver of economic growth and logistics efficiency nationwide.

In the Union Budget 2026–27, the Ministry of Railways has firmly positioned rail investment as a driver of regional integration, passenger convenience, and economic opportunity across states, aligned with priorities such as high-speed connectivity, multi-modal mobility, electrification, and secure logistics.

Major states like Uttar Pradesh are poised for transformation through new bullet-train corridors between Delhi–Varanasi and Varanasi–Siliguri, aimed at sharply reducing travel time between key economic and cultural centres, strengthening tourism flows, and connecting secondary cities along the route. The proposed Varanasi–Siliguri corridor will connect important religious, educational, and medical centres across Uttar Pradesh, Bihar and West Bengal. The Delhi–Varanasi high-speed corridor will enable travel in around 3 hours 50 minutes. Further, the high-speed rail corridor from Varanasi via Patna to Siliguri in West Bengal will enable travel between Varanasi and Siliguri in about 2 hours and 55 minutes. This connectivity is expected to create a new economic corridor across the belt spanning Delhi, Uttar Pradesh, Bihar and West Bengal, significantly boosting regional development and economic activity.

West Bengal is similarly set to benefit from the first high-speed rail service in eastern India linking Siliguri to Varanasi, improving inter-regional mobility and expanding trade and service opportunities. Across the Northeast and adjoining regions, record allocations have triggered new line construction, station redevelopments, and safety enhancements, improving connectivity within remote areas and strengthening links with the rest of the country. These works are expanding access to education, healthcare, tourism, and formal markets, while supporting local enterprises.

A key strategic priority is the planned 40-km underground rail corridor, connecting the North East with the rest of the country. The planning is on to lay underground railway tracks, and also make the existing tracks four-line, creating additional capacity and ensuring uninterrupted, resilient rail movement through this critical transit zone for both passengers and freight.

States such as Punjab, Haryana and Himachal Pradesh have completed 100% electrification and are upgrading stations under the Amrit Bharat Station Scheme, improving rail safety, sustainability, and passenger facilities. In mineral and industrial belts, projects in Jharkhand and the Rowghat–Jagdalpur line in Chhattisgarh are strengthening freight linkages and regional economic activity.

In Southern India, the state-wise railway allocations are clearly geared towards high-impact passenger connectivity, anchored around the emerging high-speed rail “diamond” linking Hyderabad, Bengaluru, Chennai and adjoining urban centres. This network will significantly compress travel times between the south’s major economic engines, enabling seamless movement across the IT, manufacturing and services corridors. Bengaluru, as India’s principal technology hub, stands to gain the most, becoming far more accessible for business travel, talent mobility and inter-state commuting.

After the completion of the high speed corridor, Chennai–Bengaluru will take about 1 hour 13 minutes, Bengaluru–Hyderabad around 2 hours, and Chennai–Hyderabad around 2 hours 55 minutes. This network is expected to serve as a powerful growth multiplier for Karnataka, Telangana, Andhra Pradesh, Tamil Nadu, Kerala and Puducherry, significantly boosting regional development.

In Maharashtra, the major share of the allocation is focused on high-impact, capacity-enhancing projects, particularly the Mumbai–Pune high-speed rail corridor, expansion of congested trunk routes, modernisation and redevelopment of key stations, and strengthening of suburban and inter-city rail services to support the state’s rapidly growing passenger and freight demand.

In western and central India, the upcoming Mumbai–Pune high-speed corridor will reduce travel time to around 48 minutes, effectively integrating the two major urban centres. Further connectivity from Pune to Hyderabad in around 1 hour 55 minutes, and onward links to southern hubs, will create a continuous high-speed spine across regions, benefiting passengers and regional economies alike.

In the Himalayan and northern regions, the budget is set to boost economic access, tourism, and all-weather mobility. Uttarakhand’s Rishikesh–Karnaprayag line, featuring complex tunnels, will improve access to remote areas, reduce travel time, and support pilgrim and tourist flows, alongside broader investments in electrification and safety upgrades. Himachal Pradesh will see focused support for network expansion, modernisation, and electrification, enhancing passenger convenience in hilly terrain. In Jammu & Kashmir, strengthened rail links, including extensions toward Uri, will ensure year-round connectivity despite winter disruptions, benefiting passengers and local economies.

Freight efficiency is being strengthened through the East–West Dedicated Freight Corridor from Dankuni (West Bengal) to Surat (Gujarat), passing through Jharkhand, Bihar, Odisha, and Maharashtra. This corridor will enable faster and more reliable movement of goods, ease congestion on passenger lines, reduce logistics costs, and support industrial and trade growth across these key economic states.

For passengers, these initiatives mean shorter travel times, safer and more comfortable trains, modernised stations, reduced overcrowding, and improved last-mile connectivity. At the same time, Indian Railways’ long-term goal of 3,000 million tonnes of freight loading will be supported through dedicated freight corridors, modern locomotives, upgraded tracks, and advanced signaling, allowing goods to move faster without disrupting passenger services. Higher capital investment across states will create jobs, boost regional development, and strengthen local economies. With strong coordination between the Union and state governments, the vision of Viksit Bharat can be realised. Following the policy announcement, detailed planning and implementation will now begin to turn this vision into reality.

State-wise Rail Budget Allocation Details

Andhra Pradesh: Andhra Pradesh has witnessed a remarkable transformation in its railway infrastructure, with the annual average budget for the state and Telangana increasing elevenfold from ₹886 crore in 2009–14 to ₹10,134 crore in 2026–27. This significant investment has supported ongoing projects worth ₹92,649 crore.

Assam & NE Region: Assam and the North-East region have experienced substantial railway development, with the annual average budget increasing more than fivefold from ₹2,122 crore in 2009–14 to ₹11,486 crore in 2026–27. This funding has facilitated ongoing projects totaling ₹72,468 crore.

Bihar: Bihar has experienced a transformative expansion of its railway infrastructure, with the annual average budget increasing ninefold from ₹1,132 crore in 2009–14 to ₹10,379 crore in 2026–27. This unprecedented investment has supported ongoing projects totaling ₹1,09,158 crore.

Chhattisgarh: Chhattisgarh has witnessed a remarkable transformation in its railway infrastructure, with the annual average budget rising 24-fold from ₹311 crore in 2009–14 to ₹7,470 crore in 2026–27. This significant investment has supported ongoing projects totaling ₹51,080 crore.

Delhi: Delhi has experienced a significant transformation in its railway infrastructure, with the annual average budget increasing 28-fold from ₹96 crore in 2009–14 to ₹2,711 crore in 2026–27. This investment has facilitated ongoing projects totaling ₹8,976 crore.

Goa: Goa’s railway infrastructure has received a significant boost, with an allocation of ₹515 crore in 2026–27 supporting ongoing projects totaling ₹4,344 crore.

Gujarat: Gujarat’s railway infrastructure has undergone a remarkable transformation, with the annual average budget increasing 29 times from ₹589 crore during 2009–14 to ₹17,366 crore in 2026–27. This historic investment has enabled ongoing works worth ₹1,28,748 crore.

Haryana: Haryana has experienced a transformative expansion of its railway infrastructure, with the annual average budget increasing 11-fold from ₹315 crore in 2009–14 to ₹3,566 crore in 2026–27. This historic investment has supported ongoing projects totaling ₹12,091 crore.

Himachal Pradesh: Himachal Pradesh has witnessed a significant transformation in its railway infrastructure, with the annual average budget increasing 27-fold from ₹108 crore in 2009–14 to ₹2,911 crore in 2026–27. This investment has supported ongoing projects totaling ₹17,711 crore.

Jammu & Kashmir: Jammu & Kashmir has seen steady development in its railway infrastructure, with the annual average budget increasing from ₹1,044 crore in 2009–14 to ₹1,086 crore in 2026–27. This investment supports ongoing projects totaling ₹522 crore.

Jharkhand: Jharkhand has experienced a transformative boost in its railway infrastructure, with the annual average budget increasing 16-fold from ₹457 crore in 2009–14 to ₹7,536 crore in 2026–27. This historic investment has supported ongoing projects totaling ₹63,470 crore.

Karnataka: Karnataka has witnessed significant growth in its railway infrastructure, with the annual average budget increasing ninefold from ₹835 crore in 2009–14 to ₹7,748 crore in 2026–27. This investment has supported ongoing projects totaling ₹52,950 crore.

Kerala: Kerala has witnessed an unprecedented surge in investment and development in its railway infrastructure, with the state’s annual average railway budget allocation rising nearly tenfold from ₹372 crore in 2009–14 to ₹3,795 crore in 2026–27. This historic funding push has supported ongoing works worth ₹18,041 crore.

Madhya Pradesh: Madhya Pradesh has witnessed a transformative surge in railway investment, with the annual average budget increasing 24-fold from ₹632 crore in 2009–14 to ₹15,188 crore in 2026–27. This historic allocation has supported ongoing projects totaling ₹1,18,379 crore.

Maharashtra: Maharashtra has undergone a historic transformation in its railway infrastructure, with the annual average budget increasing 20-fold from ₹1,171 crore in 2009–14 to ₹23,926 crore in 2026–27. This unprecedented investment has supported ongoing projects totaling ₹1,70,058 crore.

Odisha: Odisha has witnessed a significant transformation in its railway infrastructure, with the annual average budget increasing 13-fold from ₹838 crore in 2009–14 to ₹10,928 crore in 2026–27. This historic investment has supported ongoing projects totaling ₹90,659 crore.

Punjab: Punjab has witnessed a remarkable transformation in its railway infrastructure, with the annual average budget increasing 25-fold from ₹225 crore in 2009–14 to ₹5,673 crore in 2026–27. This historic investment has supported ongoing projects totaling ₹26,382 crore.

Rajasthan: Rajasthan has witnessed a major transformation in its railway infrastructure, with the annual average budget increasing 15-fold from ₹682 crore in 2009–14 to ₹10,228 crore in 2026–27. This historic investment has supported ongoing projects totaling ₹56,863 crore.

Tamil Nadu: Tamil Nadu has witnessed a major transformation in its railway infrastructure, with the annual average budget increasing ninefold from ₹879 crore in 2009–14 to ₹7,611 crore in 2026–27. This substantial investment has supported ongoing projects totaling ₹35,701 crore.

Telangana: Telangana has witnessed significant growth in its railway infrastructure, with the annual average budget increasing sixfold from ₹886 crore (Andhra Pradesh + Telangana) in 2009–14 to ₹5,454 crore in 2026–27. This major investment has supported ongoing projects totaling ₹47,984 crore.

Uttar Pradesh: Uttar Pradesh has witnessed a historic transformation in its railway infrastructure, with the annual average budget increasing 18-fold from ₹1,109 crore in 2009–14 to ₹20,012 crore in 2026–27. This massive investment has supported ongoing projects totaling ₹92,056 crore.

Uttarakhand: Uttarakhand has witnessed a remarkable transformation in its railway infrastructure, with the annual average budget increasing 26-fold from ₹187 crore in 2009–14 to ₹4,769 crore in 2026–27. This investment has supported ongoing projects totaling ₹39,491 crore.

West Bengal: West Bengal has witnessed a major transformation in its railway infrastructure, with the annual average budget increasing threefold from ₹4,380 crore in 2009–14 to ₹14,205 crore in 2026–27. This historic investment has supported ongoing projects totaling ₹92,974 crore.

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