Date Of Post: 06 June, 2018
The 15th Finance Commission ( set up to give recommendations for five fiscal years commencing from 1 April 2020 ) , recently held a meeting where measures to discuss the Railway Finances and steps to further improve railways productivity were discussed .
Key Points :
- Discussion points covered steps for monetising assets and rationalisation of fares for a realistic medium-term revenue and expenditure projections .
- There were also discussions on medium-term programme to improve capital expenditure in various initiatives like speed up electrification, doubling of track, modernising the signals and technical upgrading.
- The Finance commission is looking to make an assessment of Railway Finances and its overall draft on Central Finances between 2020 and 2025 .
- During the meeting, railways officials highlighted recent measures to improve passenger comfort, strengthen infrastructure, increasing speed, reduce idling time.
Deepak Kumar is a part of the content team of Rail Analysis India as a writer and analyst .
His focus is on new initiatives on the Railway Sector of India .
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