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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; 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Cabinet approves ₹23,437 crore railway projects to boost connectivity across six states
2026-05-06 · via Economy News, Latest Economic News Today | The HinduBusinessLine
Aligned with the PM Gati Shakti plan, the initiatives are expected to benefit over 4,000 villages, support economic growth, reduce logistics costs, and contribute to climate goals through lower emissions.

Aligned with the PM Gati Shakti plan, the initiatives are expected to benefit over 4,000 villages, support economic growth, reduce logistics costs, and contribute to climate goals through lower emissions. | Photo Credit: PTI

Prime Minister Narendra Modi on Wednesday lauded the Union cabinet’s approval of recent railway projects covering 19 districts across six states in the country, calling it a symbol of India’s “boosting infrastructure” and “furthering economic growth.” In an ‘X’ post, the Prime Minister said that the projects would enhance connectivity, improve operational connectivity and give access to various tourist sites across the country.”Boosting India’s infrastructure, furthering economic growth! The Cabinet’s approval for railways projects covering 19 Districts across Madhya Pradesh, Rajasthan, Uttar Pradesh, Karnataka, Andhra Pradesh and Telangana will enhance connectivity and improve operational efficiency. It will improve access to key tourism sites across the nation as well,” PM Modi wrote on ‘X’. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Tuesday approved 03 (Three) projects of the Ministry of Railways with a total cost of Rs. 23,437 crore (approx.). These projects include Nagda - Mathura 3rd and 4th Line, Guntakal - Wadi 3rd and 4th Line and Burhwal - Sitapur 3rd and 4th Line.

Projects aligned with PM Gati Shakti plan, expand rail network

“The increased line capacity will significantly enhance mobility, resulting in improved operational efficiency and service reliability for Indian Railways. These multi-tracking proposals are poised to streamline operations and alleviate congestion. The projects are in line with PM Narendra Modiji’s vision of a new India which will make people of the region ‘Atmanirbhar’ by way of comprehensive development in the area, which will enhance their employment/ self-employment opportunities,” a press release issued by the CCEA said.The projects are planned on the PM-Gati Shakti National Master Plan with a focus on enhancing multi-modal connectivity and logistic efficiency through integrated planning and stakeholder consultations. These projects will provide seamless connectivity for the movement of people, goods, and services.”The 03 (Three) projects covering 19 Districts across the states of Madhya Pradesh, Rajasthan, Uttar Pradesh, Karnataka, Andhra Pradesh and Telangana will increase the existing network of Indian Railways by about 901 Kms,” the release stated.

Connectivity boost for villages and key tourist destinations

The proposed multi-tracking project will enhance connectivity to approx 4,161 villages, which have a population of about 83 lakhs.The proposed capacity enhancement will improve rail connectivity to several prominent tourist destinations across the country, including Mahakaleshwar, Ranthambore National Park, Kuno National Park, Keoladeo National Park, Mathura, Vrindavan, Mantralayam (Sri Raghavendra Swamy Mutt), Sri Nettikanti Anjaneya Swamy Vari Temple (Kasapuram), Shyamnath Temple, Naimisharanya (Neemsar), etc.

Freight capacity, climate benefits and logistics efficiency

“The proposed projects are essential routes for transportation of commodities such as coal, foodgrains, cement, POL, iron and steel, iron ore, containers, fertilisers, etc. The capacity augmentation works will result in additional freight traffic of magnitude 60 MTPA (Million Tonnes Per Annum). The Railways being environment friendly and energy-efficient mode of transportation, will help both in achieving climate goals and minimising logistics cost of the country, reduce oil import (37 Crore Litres) and lower CO2 emissions (185 Crore Kg) which is equivalent to planting 07 (Seven) Crore trees,” the release said.

Published on May 6, 2026