Rail Safety to Receive Its Highest-Ever Budget Allocation

In a historic move, the Union Budget for FY26 is expected to earmark ₹1.25 trillion for rail safety, marking the highest-ever allocation for this critical sector. This represents a substantial increase of over 15% compared to last year’s budget of ₹1.08 trillion, according to sources familiar with the plan.

The increased funding will primarily focus on maintaining rolling stock, track renewals, and other infrastructure to enhance passenger safety. The Ministry of Railways revealed that ₹87,327 crore was spent on safety initiatives in FY23, and this year, the allocation will cover large-scale modernisation and upgradation of safety systems.

Key Highlights:
●    Track Renewal and Maintenance: ₹17,652 crore has been allocated for track renewals and ₹31,494 crore for rolling stock maintenance.
●    Safety Achievements: From 2004-24, the number of train accidents decreased significantly from 1,711 (average of 171 per year) in 2004-14 to 678 (average of 68 per year) in 2014-24—a reduction of about 60%.
●    Electronic Interlocking Systems: Investment in electronic interlocking has risen 3.5 times, automating and tamper-proofing signalling systems. From 837 stations in 2004-14, the number has grown to 2,964 stations in 2014-24.
Despite the progress, rail accidents remain a challenge. For instance, 30 major and minor accidents have been reported in the current fiscal year. The tragic collision in Balasore, Odisha, which claimed nearly 300 lives, underscores the need for continuous safety improvements.

Railway Minister Ashwini Vaishnaw emphasised the importance of addressing core issues like track defects, equipment failures, and human error. Safety-related project expenditures have increased 2.5 times, from ₹70,273 crore in 2004-14 to ₹1.78 trillion in 2014-24.

As India’s railway network expands, the unprecedented budget allocation is expected to bolster safety measures and reduce accidents, reinforcing public confidence in the country's lifeline.