Categories: Blog

Revised bullet train cost Rs 2 lakh crore, 2x of original estimate

Sources said most of the additional funding would come from budgetary support. So far, the funding of Rs 1.1 lakh crore has been from Japan International Cooperation Agency (JICA) and budgetary allocation. They added that Railways has said high-speed trains will be manufactured in India and each of these would cost around Rs 390 crore to Rs 400 crore.

The News Vista

Share
Published by
The News Vista

Recent Posts

Businesses concerned over India, Japan trade deal: Ficci president Anant Goenka

The comments came a day after commerce and industry minister Piyush Goyal’s nudge to Japanese…

28 minutes ago

Zee moves SAT, seeks one-day extension for warrant subscription

SAT had earlier allowed Zee to raise funds through warrants and gave the broadcaster a…

32 minutes ago

For global scale banks, EAC-PM seeks mergers

Beyond consolidation, banks need to narrow the credit-deposit gap, mobilise stable low-cost deposits and curb…

35 minutes ago

BIS, comm min will work to support high-tech industries

Commerce and industry minister Piyush Goyalsaid that clarifications related to SEZ notification, which were flagged…

42 minutes ago

RBI turns net buyer of dollars in June

The shift narrowed RBI’s cumulative net sales for the fiscal year to -$14.5 billion and…

45 minutes ago

Federal Bank shares fall post merger talks

Jana Small Finance Bank has sought a universal banking licence from RBI. RBI returned its…

48 minutes ago