India, Feb. 1 -- The ministry of railways has been allocated a capital expenditure of Rs.2,93,030 crore, while a total outlay of Rs.2,78,030 crore has been set aside for the ministry in the Union Budget 2026-27 in what was the highest-ever allocation for Railways.

Aside from the "historic" allocation, the Centre has proposed seven high-speed rail corridors across several cities in India to be developed as "growth connectors". Of the total seven, some include Mumbai to Pune, Hyderabad to Chennai, and Varanasi to Siliguri. Follow live updates related to Budget here.

The government has announced a capital spending plan of Rs.2,93,030 crore for Indian Railways. At the same time, an overall outlay of Rs.2,78,030 crore has been set aside for ...