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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; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14 India’s economic growth journey huge opportunity for international partners: Kwatra From diesel to daylight: How government solar schemes are powering India’s farmers The next energy leap: Replicating ethanol’s success in diesel Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Windfall levy on export bound diesel, ATF raised India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Central Railway to run four special local trains for Ambedkar Jayanti Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains West Asia Crisis: Induction cooking may consume 13-27 GW power Govt defers power plant maintenance for three months; 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Cabinet approves rail multitracking projects in Uttar Pradesh, Andhra Pradesh
2026-04-18 · via Economy News, Latest Economic News Today | The HinduBusinessLine

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Saturday approved two projects of the Ministry of Railways with a total cost of approx. Rs. 24,815 crore. According to an offical release, these projects include Ghaziabad - Sitapur 3rd and 4th Line, with a route length of 403 km and a track length of 859 km and the estimated cost of this line is Rs14,926 crore (approx.) and the Rajahmundry (Nidadavolu) - Visakhapatnam (Duvvada) 3rd and 4th Line, with route and track lengths of 198 km and 458 km, respectively and the estimated cost is Rs 9,889 crore (approx.).

Boost to capacity, efficiency and connectivity

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 the Prime Minister 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.

Aligned with PM Gati Shakti plan

The projects are planned on the PM-Gati Shakti National Master Plan with a focus on enhancing multi-modal connectivity & logistic efficiency through integrated planning and stakeholder consultations. These projects will provide seamless connectivity for the movement of people, goods, and services, the release noted. The two projects covering 15 Districts across the states of Uttar Pradesh and Andhra Pradesh will increase the existing network of Indian Railways by about 601 Kms.

Tourism, freight and environmental benefits

The proposed capacity enhancement will improve rail connectivity to several prominent tourist destinations across the country, including Dudheshwarnath Temple, Garhmukteshwar Ganga Ghat, Dargah Shah Wilayat Jama Masjid (Amroha), Naimisharanya (Sitapur), Annavaram, Antarvedi, Draksharamam, etc. The proposed projects are essential routes for transportation of commodities such as coal, foodgrains, cement, POL, iron and steel, containers, fertilisers, sugar, chemical salts, limestone, etc. 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, lowering CO2 emissions (180.31 Crore kg), which is equivalent to the plantation of 7.33 Crore trees, according to the release.

Ghaziabad–Sitapur corridor to ease congestion

The Ghaziabad - Sitapur is an existing double-line section forming a key part of the Delhi- Guwahati High Density Network (HDN 4). This project is crucial for improving connectivity between the Northern and Eastern regions of the country. The existing line capacity utilisation of the section is up to 168% and is projected to be up to 207% in case the project is not taken up. The line traverses through Ghaziabad, Hapur, Amroha, Moradabad, Rampur, Bareilly, Sahjahanpur, Lakhimpur Kheri and Sitapur districts of Uttar Pradesh.

The project route passes through major industrial centres - Ghaziabad (machinery, electronics, pharmaceuticals), Moradabad (brassware and handicrafts), Bareilly (furniture, textiles, engineering), Shahjahanpur (carpets and cement-related industries), and Roza (thermal power plant). For seamless transportation, the project alignment is planned to bypass congested stations of Hapur, Simbhaoli, Moradabad, Rampur, Bareilly, Shahjahanpur, and Sitapur, and accordingly, six new stations are proposed on the bypassing sections. Key tourist/religious places along/near the project section are Dudheshwarnath Temple, Garhmukteshwar Ganga Ghat, Dargah Shah Wilayat Jama Masjid (Amroha), and Naimisharanya (Sitapur), among others.

Anticipated additional freight traffic is 35.72 MTPA, consisting of Coal, Foodgrains, Chemical Manures, Finished Steel, etc and employment generation scope of 274 lakh human-days. Meanwhile, the CO2 emissions of about 128.77 crore kg will be saved while logistic cost till Rs. 2,877.46 crore will be saved every year vis-a-vis road transportation, the release highlighted.

Rajahmundry–Visakhapatnam line to support coastal growth

On the other hand, the Rajahmundry (Nidadavolu) - Visakhapatnam (Duvvada) section forms part of the Howrah - Chennai High Density Network (HDN).

The proposed project is part of the quadrupling initiative of the Howrah-Chennai High-Density Network (HDN) route. The project traverses through East Godavari, Konaseema, Kakinada, Anakapalle and Vishakapatnam districts of Andhra Pradesh. Visakhapatnam is identified as an Aspirational District in the Aspirational Districts Programme. It provides connectivity to major ports along the East Coast such as Visakhapatnam, Gangavaram, Machilipatnam and Kakinada.

The project route runs along the eastern coastline and is among the busiest, predominantly freight-oriented sections of the East Coast Rail Corridor. The line capacity utilisation of the section has already reached up to 130%, leading to frequent congestion and operational delays. The line capacity is expected to increase further due to the proposed expansion of ports and industries in the region. The project section includes a 4.3 km rail bridge over the Godavari River, 2.67 km viaduct, 3 bypasses and the new alignment is around 8 km shorter than the existing route, improving connectivity and operational efficiency.

The proposed section will also boost tourism by improving access to key destinations such as Annavaram, Antarvedi and Draksharamam, etc. Additional freight traffic of 29.04 MTPA consisting of Coal, Cement, Chemical Manures, Iron and Steel, Foodgrains, Containers, Bauxite, Gypsum, Limestone, etc is anticipated, while employment generation is expected up to 135 lakh human-days. CO2 emissions of about 51.49 crore kg CO2 equivalent to 2.06 Cr trees and logistic cost of Rs. 1,150.56 crore every year vis-a-vis road transportation, will be saved, the release emphasised.

Published on April 18, 2026