Indian Railways, the mammoth public sector undertaking, has sought nearly Rs 80,000 crore under gross budgetary support for the next financial year starting April 1 but it may receive Rs 60,000-65,000 crore, sources familiar with the matter told CNBC-TV18.
“The finance ministry has indicated to the railways that they can provide some 10 percent more than the current year’s gross budgetary support number which is Rs 55,088 crore. So the expectation is somewhere between Rs 60,000-65,000 crore,” one of the sources said, requesting anonymity.
Railways is likely to keep a capital expenditure (capex) target of around Rs 1.60 lakh crore, however, the earlier estimate was Rs 1.78 lakh crore. Read More