Date of Post: 2 Feb, 2019
Finance Minister Piyush Goyal on Friday announced a capital expenditure allocation of Rs 1.58 lakh crore for the railways, the highest ever for the national transporter, in an effort to put its flagging revenues back on track.
- So far, 2018-19 has been the safest for the Railways and all Unmanned level Crossings on the broad gauge network have been completely eliminated, Goyal said.
- Goyal said in his debut budget speech, “Capital expenditure programme of railways at all-time high of Rs 1.58 lakh crore in next financial year. Vande Bharat Express, indigenously developed semi-high speed (train), will give Indian passengers world class experience.”
- He said, “This major leap in wholly developed technology by our engineers will give an impetus to the Make in India programme and create jobs.”
- Operating ratio for the present fiscal has improved to 96.2%, and in the 2020 financial year the aim will be to have it at 95%, he also announced.
- In the railway budget-2019, no railway fare hike was announced.
- The planned expenditure would be a 148% hike from the levels of 2014.
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