Economy, Banking and Finance · 2 February 2026

Ministry of Railways (MoR) Receives Rs 2.93 Lakh Crore Capex Allocation in Union Budget 2026-27

Exam-focused facts from the 2 February 2026 current affairs briefing.

Key facts

  • The Ministry of Railways (MoR) has been allocated a total capital expenditure (capex) of Rs 2,93,030 crore for the financial year 2026-27.
  • The MoR received a total outlay of Rs 2,78,030 crore in the Union Budget 2026-27, marking the highest-ever allocation for the ministry.
  • A total outlay of Rs 2,77,830 crore is provided for capital expenditure in Budget Estimates (BE) 2026-27, with an additional Rs 200 crore sourced from the Nirbhaya Fund.
  • Finance Minister Nirmala Sitharaman proposed the development of seven high-speed rail corridors across the country.
  • The seven proposed high-speed rail corridors are Mumbai-Pune, Pune-Hyderabad, Hyderabad-Bangalore, Hyderabad-Chennai, Chennai-Bangalore, Delhi-Varanasi, and Varanasi-Siliguri.
  • The key focus areas for the capital expenditure include the construction of new lines, gauge conversion, doubling, traffic facilities, and rolling stock.