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    Lokta Opens Its Agentic Loan Servicing Platform to NBFCs Up to Rs 100 crore, with No Platform Fee for Up to Two Years
    RTI seeks Aadhaar date-of-birth changes after pre-poll Bihar pension hike; UIDAI says no such data
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September 2, 2026
Show AI Summary
NBFC loan servicing governance retains lender control through deterministic decision rules, maker-checker controls, reconciled migration and optional AI assistance.
Lokta Next 100 offers RBI-registered NBFCs with loan books up to Rs 100 crore post-approval loan servicing, accounting, reporting, analytics, collections, recovery and partner-management functions, excluding pure-play microfinance NBFCs. Credit, approval and money decisions remain with the lender. Maker-checker approval applies to every change, and migration requires line-by-line reconciliation before cutover. Records remain lender-owned, hosted in India and exportable. AI may propose changes but cannot post to the ledger; deterministic lender-policy rules decide changes. Platform fees are deferred for up to 24 months, subject to stated loan-book thresholds.
September 2, 2026
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RTI access to maintained records does not require creation of Aadhaar date-of-birth update data on demand.
UIDAI did not maintain separate Aadhaar data on date-of-birth updates in Bihar following the announced social security pension enhancement, including month-wise or district-wise compilations. No internal review or flagging of unusual update patterns was available or applicable in its records. The Central Information Commission clarified that the RTI framework does not require a public authority to create, compile or generate information that it does not maintain in the form requested. The initial CPIO response treating the information as outside the RTI Act was considered inappropriate.
September 2, 2026
Show AI Summary
Transgender arrest and detention safeguards prompt calls for a standard operating procedure and clearer procedural protections.
Legal and regulatory issues include safeguards for arrest and detention of transgender persons, consultation requirements in Bar Council policy-making, and procedural accountability in electoral administration and policing. Personal insolvency proceedings raise questions about tribunal powers to constitute an expanded bench. Hospitality operators are expected to comply strictly with food-safety and hygiene norms. Proposed restrictions on minors' social-media accounts address cyberbullying, online exploitation, and harmful screen exposure.
September 2, 2026
Show AI Summary
Railway equipment purchase orders and export order expand IC Electricals' domestic and international business pipeline.
IC Electricals Company Limited has secured railway purchase orders for electrical and electronic supplies and an export order, creating combined order inflow across domestic railway operations and international markets. Its product portfolio includes regulators, battery chargers, emergency lights, inverters, microprocessor-based control systems, alternators, traction motors, and permanent magnet alternators with controllers. Forward-looking statements on business plans, projects, and research and development remain subject to risks and uncertainties and may differ materially from actual results.
September 2, 2026
Show AI Summary
Double deflation explains negative manufacturing GVA deflators when input prices rise faster than output prices.
Double deflation in manufacturing separately deflates gross output and intermediate consumption, with real GVA derived from their difference. Where input prices rise faster than output prices, nominal GVA may grow more slowly than real GVA, producing a negative implicit GVA deflator despite rising output and input prices. A negative manufacturing GVA deflator therefore does not establish a fall in manufactured-product prices or lower real growth. The implicit GDP deflator is a derived ratio between current-price and constant-price GDP and differs from CPI and WPI because of their distinct coverage, weights, and price concepts.
September 2, 2026
Show AI Summary
Data centre ease-of-doing-business reforms target reliable power, prepared land, streamlined approvals and building standards for faster infrastructure deployment.
Ease-of-doing-business reforms for India's data-centre ecosystem focus on faster and sustainable infrastructure deployment through reliable power, ready-to-use land, streamlined approvals and suitable building regulations. Proposed power measures include cluster-based transmission planning, first-day sanctioned load, dual feeders and cross-border renewable-energy procurement. Data-centre-ready land banks and power-ready parcels are intended to reduce development timelines. The National Building Code 2026 recognises data centres under Group E and contains a dedicated annex on fire-risk assessment and data-centre-specific performance indicators.
September 2, 2026
Show AI Summary
Trade facilitation and customs cooperation drive follow-up action on connectivity, regulatory coordination, investment promotion and bilateral commercial engagement.
India-Afghanistan bilateral trade and economic cooperation is being advanced through institutional engagement on trade facilitation, customs cooperation, connectivity, investment and commercial exchange. Priority areas include customs and data-sharing cooperation, visa facilitation for traders, banking and financial cooperation, pharmaceutical and agricultural trade, energy cooperation, tariff concessions, cargo connectivity and port-related matters. Follow-up action covers regulatory cooperation, improved connectivity, investment promotion and business-to-business engagement.
September 2, 2026
Show AI Summary
Residential rooftop solar subsidy requires eligibility, prior approval, registered installation, net metering, commissioning, and verified bank details for direct transfer.
PM Surya Ghar Muft Bijli Yojana provides central financial assistance for eligible grid-connected residential rooftop solar systems, capped at Rs. 78,000 for systems of three kilowatts or more. Applicants must be Indian citizens who own a suitable house, hold a valid electricity connection, and have not received an earlier solar-panel subsidy. Applications require portal registration, distribution-company feasibility approval, installation through a registered vendor, net metering, inspection, commissioning and submission of bank details. Assistance is transferred directly after verification. State-specific net-metering procedures, approvals and additional incentives may apply.
September 2, 2026
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Sovereign credit rating upgrade reflects solid growth, stronger financial systems, and improving fiscal and external resilience.
JCR upgrades India's foreign-currency and local-currency long-term issuer ratings to A- with a stable outlook, citing sustained economic growth, productivity-oriented policies and improved financial-system soundness. Fiscal constraints include elevated deficits, intergovernmental fiscal transfers, electoral-cycle sensitivity, and high combined government debt and interest burdens. Greater emphasis on infrastructure capital expenditure has improved the quality of fiscal spending. External resilience is supported by a contained current account deficit, services surplus and foreign-exchange reserves exceeding short-term external debt.
September 2, 2026
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Personal insolvency bench constitution and repayment-plan eligibility remain contested where a larger tribunal bench stays a third-member order.
Personal insolvency proceedings raised a challenge to the National Company Law Tribunal's authority to constitute a five-member bench after a split verdict. The challenge contended that the mechanism for differing views permits reference to another member or members, but does not authorise a five-member bench. The larger bench stayed the third member's order, restricted asset alienation, and suspended an order permitting settlement of personal-guarantee claims. The dispute concerned the validity of that bench, the split-verdict reference procedure, repayment-plan eligibility, and pending creditor appeals.
September 2, 2026
Show AI Summary
Digital lending app verification enables borrowers to identify regulated lenders, grievance channels, and warning signs before accepting loans.
GoCredit's Loan App Checker allows borrowers to search lending apps against the public Digital Lending App directory and identify the regulated lender, grievance contact and RBI Ombudsman escalation route where a match exists. Regulatory reporting by regulated entities enables app-level verification, while borrowers should also check the lender named in app disclosures and loan agreements. A directory listing is a regulated-entity disclosure, not RBI approval or endorsement. Unmatched apps should be assessed through verification steps and reported through official channels where appropriate.
September 2, 2026
Show AI Summary
Rupee depreciation in early trade reflected oil-price pressures, risk aversion, higher Treasury yields and broad dollar strength.
Early foreign-exchange trading saw the rupee weaken against the US dollar amid renewed US-Iran tensions, risk aversion, higher Brent crude prices, and a stronger dollar. Safe-haven demand, inflation concerns linked to potential oil-supply disruption, expectations of a September Federal Reserve rate increase, and higher US Treasury yields supported the broad dollar rally. RBI monitoring of the rupee's decline was noted.
September 2, 2026
Show AI Summary
Responsible AI governance requires ethical safeguards, privacy protection, accountability and adaptive oversight to build lasting corporate stakeholder trust.
Responsible artificial intelligence governance requires continuous innovation, inclusive development, responsible deployment and trust-based governance. AI systems should be ethical, safe, transparent, fair and human-centric, with safeguards for privacy, bias, security and accountability. Proportionate and adaptive regulation should provide clear accountability, standards, monitoring, auditability and grievance redressal. Good governance, cybersecurity, personal data protection and responsible AI together strengthen organisational resilience, stakeholder trust, transparency and sustainable innovation.
September 2, 2026
Show AI Summary
E-auction of surplus public land enables transparent outright sale of RINL parcels through registered, KYC-verified bidding.
National Land Monetization Corporation will facilitate the e-auction and outright sale of 459 encumbrance-free RINL land parcels, including residential plots and parcels suited for commercial and logistics use. Competitive bidding will occur through the RailTel E-Nivida e-procurement platform. Participation requires online registration, KYC verification, and plot-wise submission of an earnest money deposit within prescribed timelines. The process supports transparent monetisation of surplus land and non-core public assets.
September 2, 2026
Show AI Summary
Competition approval for infrastructure finance restructuring covers acquisition, minority transfer, investment divestment, and merger of regulated NBFCs.
Competition Commission of India approval applies to the acquisition of Aseem Infrastructure Finance Limited by TPG Nicobar SG Pte. Ltd., a subsequent minority share acquisition by ICICI Bank Limited, and Aseem's divestment of its shareholding in NIIF Infrastructure Finance Limited to National Investment and Infrastructure Fund II. Following the acquisition, Climate Finance India Private Limited is intended to merge into Aseem as the surviving entity. The entities involved include RBI-registered non-deposit taking NBFCs operating in infrastructure finance, investment and credit, and infrastructure debt financing.
September 2, 2026
Show AI Summary
Healthcare merger approval enables KCIL to acquire fertility and specialty hospital businesses alongside related equity issuances and investment.
Competition Commission approval covers KCIL's acquisition of up to 100% equity shareholding in AFCPL and 100% equity shareholding in ASHPL. The combination includes KCIL issuing equity shares and optionally convertible debentures to AHLL, representing 9.9% fully diluted shareholding as partial consideration, together with a further KCIL equity investment by Arvon Investments Pte. Ltd. KCIL operates mother and baby care hospitals, while AFCPL provides assisted reproductive treatment and reproductive-medicine services.
September 1, 2026
Show AI Summary
Money-laundering investigation into alleged District Mineral Fund diversion examines purported liaison activity and asset acquisition through proceeds of crime.
Money-laundering proceedings under the Prevention of Money Laundering Act concern alleged diversion of District Mineral Fund resources through the Chhattisgarh Seed Corporation. The investigation alleges siphoning of public funds by contractors in collusion with government officials and political executives. A businessman was identified as an alleged liaisoner and financial coordinator between public servants, district authorities and private vendors. Allegations also include receipt of commissions, acquisition of immovable assets from purported proceeds of crime, non-production of records, and contradictory statements during questioning.
September 1, 2026
Show AI Summary
Foreign exchange market dynamics: rupee appreciation reflected portfolio inflows, domestic growth, and possible central-bank intervention amid external pressures.
The rupee appreciated against the US dollar, supported by domestic growth, controlled fiscal slippage, portfolio-related inflows and possible Reserve Bank of India intervention. Its gains were limited by weak equity markets, rising crude oil prices and a stronger dollar. External geopolitical tensions and hawkish US monetary signals remained potential pressures. Domestic indicators showed strong economic activity, while the current account deficit widened because of a higher merchandise trade deficit. Foreign portfolio inflows continued despite investors remaining net sellers during the year.
September 1, 2026
Show AI Summary
Current account deficit widened as merchandise trade deficit increased, notwithstanding stronger services receipts, remittances, and foreign direct investment inflows.
India's current account deficit widened in the first quarter of 2026-27 as the merchandise trade deficit increased. Higher net services receipts, increased personal transfer receipts and lower net primary-income outgo partly supported the external account. Financial-account movements included higher net foreign direct investment inflows, a shift in foreign portfolio investment from net inflow to net outflow, and lower net inflows through non-resident deposits and external commercial borrowings. Foreign exchange reserves declined on a balance-of-payments basis during the quarter.
September 1, 2026
Show AI Summary
Technology-enabled tax compliance and enforcement supported higher commercial tax collections, while GST rate reductions moderated sectoral net GST growth.
Technology-enabled tax administration supported commercial tax and net GST collection growth in Andhra Pradesh during August 2026 and the cumulative period through August. AI-based analytics and scrutiny, IGST reversals, UPI-based enforcement, registration verification, Aadhaar authentication, digital payment enablement, predictive analytics and data sharing strengthened compliance, scrutiny and revenue mobilisation. Petroleum VAT, professional tax, liquor VAT and IGST settlement also increased, while GST rate reductions moderated net GST performance in specified product sectors.

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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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