15th Finance Commission Meeting focuses on Railway Finances & measures to improve railway productivity

15th Finance Commission Meeting focuses on Railway Finances & measures to improve railway productivity

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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 :

  1. Discussion points covered steps for monetising assets and rationalisation of fares for a realistic medium-term revenue and expenditure projections .
  2. 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.
  3. The Finance commission is looking to make an assessment of Railway Finances and its overall draft on Central Finances between 2020 and 2025 .
  4. During the meeting, railways officials highlighted recent measures to improve passenger comfort, strengthen infrastructure, increasing speed, reduce idling time.

 

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