Railways received a budgetary allocation of Rs 65,837 crore and highest ever outlay for capital expenditure amounting to Rs 1.60 lakh crore in the Budget for the year 2019-20 presented on Friday, which includes a whopping 200 per cent increase in funds for passenger amenities. Last year, the outlay for the railways was Rs 1.48 lakh crore while the Budget allocation was Rs 55,088 crore. In the interim Budget, the allocation was Rs 1.58 lakh crore.
In the 2019-20 Budget, funds of Rs 7,255 crore have been allocated for construction of new lines, Rs 2,200 crore for gauge conversion, Rs 700 crore for doubling, Rs 6,114.82 crore for rolling stock and Rs 1,750 crore for signalling and telecom. The allocations have remained the same as in the interim budget presented in February.
“This is a budget for 130 crore Indians, rich or poor, for entrepreneurs, for the industry, promoting new work and opportunities,” said Railway Minister Piyush Goyal Read more
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