The Union Finance Minister, Nirmala Sitharaman, will present the fifth Rail Budget on February 1st, and the people have high expectations for it.
Finance Minister Nirmala Sitharaman will present her fourth budget on February 1 and according to sources, the Central government is going to increase the outlay for the rail budget this time by 15-20 per cent. Last year, the government had allocated Rs 1,10,055 crore to the Railways.
Derek O'Brien also alleged that the government was deliberately trying to muzzle the voice of the opposition as the ruling dispensation had no answers to the questions raised by it.
Finance Minister Arun Jaitley announced a capital expenditure of Rs 1.48 lakh crore for the Indian Railways in his Budget 2018 speech, the largest ever.
This time the focus of the Rail Budget is on safety and passenger amenities so it was decided to extend the facility to all major urban and suburban stations.
Railways Minister Suresh Prabhu today said he himself had volunteered for clubbing of railways budget with the General Budget, and it was "not a take over" by the Finance Ministry.
The fund could include development of new lines, station redevelopment and setting up of Rail Development Authority and High Speed Rail Authority
A month before he presents the country’s first combined General and Rail Budget, Finance minister Arun Jaitley today indicated that no populist measures will come through for the national carrier from the next fiscal.
The Indian Railways has reduced charges for the optional travel insurance it began offering for its passengers. Starting Friday, October 7, passengers will be able to avail a travel insurance of Rs 10 lakh for
Nitish Kumar on Wednesday criticised the NDA government’s decision to do away with a separate Railway budget and merge it with General budget saying the move end the autonomy of the largest public carrier in the country.
The Union Cabinet will today consider the Ministry of Finance’s proposals to merge Railway Budget with the General Budget and advancing the date of its presentation.
The Opposition has said that it is still in the dark over the proposal to merge the Railway Budget with the General Budget.
In what would be a huge benefit for the cash-strapped Railways, the scrapping of separate Rail Budget would have it save Rs 10,000 crore per year as it would no longer need to pay dividend.
Starting next financial year, there will be no separate Rail Budget. It is believed that the Ministry of Finance has agreed to the suggestions of Bibek Debroy (Member, NITI Aayog) panel, which among other things, had suggested phasing out separate Ra