The Finance Minister of India, Nirmala Sitharaman, has put forth a groundbreaking proposal in the Budget 2026 to establish seven high-speed rail corridors across the country. These corridors, including Mumbai-Pune, Pune-Hyderabad, Hyderabad-Bangalore, Hyderabad-Cheai, Cheai-Bangalore, Delhi-Varanasi, and Varanasi-Siliguri, aim to revolutionize the transportation landscape in the nation.
Among these ambitious plans is the development of India's first bullet train network, with construction already underway on the Mumbai-Ahmedabad corridor. Railway Minister Ashwini Vaishnaw has emphasized the significant impact this project will have on the economy, foreseeing reduced travel times and enhanced coectivity between major cities.
"Imagine boarding a bullet train from Surat in the morning, traveling to Mumbai for work, and returning by evening - seamless coectivity like this will soon be a reality," Minister Vaishnaw remarked, highlighting the project's potential to benefit around one lakh individuals through direct and indirect employment opportunities.
Finance Minister Sitharaman also aounced plans to introduce a scheme aimed at bolstering domestic manufacturing of construction and infrastructure equipment, further strengthening India's self-reliance in this critical sector. Additionally, the government remains committed to enhancing infrastructure in Tier 2 and Tier 3 cities to foster balanced growth across the country.
With a continued focus on infrastructure development, the central government's initiatives have yielded significant economic benefits, driving growth, employment, and private investment. In the Union Budget 2024–25, a substantial allocation of Rs 11,11,111 crore was earmarked for capital expenditure, underscoring the government's dedication to propelling economic expansion through strategic investments.
In other news, tech giant Apple recently acquired Israeli startup Qai in a move that underscores its commitment to iovation and technology. While the acquisition price remains undisclosed, estimates suggest it could be in the ballpark of $2 billion, marking one of Apple's notable investments in recent years.
This acquisition follows Apple's landmark purchase of headphone maker Beats in 2014 for $3 billion, solidifying the company's position as a key player in the tech industry. Stay informed with the latest updates and developments by following us on Instagram.