The city’s suburban network may not have received the kind of attention that Mumbai’s or Bengaluru’s in this year’s railway Budget in Parliament, but the ministry seems to have taken cognizance of concerns expressed by officials in Kolkata.
Redevelopment of railway stations, focus on passenger amenities, reducing red tape and overhauling of archaic technology systems are the broad themes for revamping India’s national carrier, railway minister Piyush Goyal said at the CNBCTV18-Mint Budget Verdict conclave in New Delhi on Friday.
The Budget 2018allocation of Rs 24,933 crore for petroleum subsidy may fall short considering the appreciation in crude oil prices and revised target of providing 8 crore Liquified Petroleum Gas (LPG) connections under Pradhan Mantri Ujjwala Yojana (PMUY), experts say.
Rajasthan has got a large share of rail infrastructure development. Though no announcement of any new rail line has been made, important projects like railway electrification will be implemented in the state.
Though the excise duty on oil has decreased, consumers are deprived of any benefit as a new cess has been added to it, thereby nullifying the cut.
The Budget has proposed a big expansion of the network of rural roads and agricultural markets, along with concrete steps to help farmers get better prices with the help of a focused strategy on imports and exports as well as participation in the futures market.
Railway Minister Piyush Goyal today said the national transporter would focus on technology this year to ensure safety on its network.
Budget 2018: Union minister Nitin Gadkari today welcomed the nearly Rs 2,000 crore hike in budgetary allocation to the water resources ministry and said the government will focus on expanding irrigation infrastructure and cleaning up the Ganga in 2018-19.
In his last full-Budget before the 2019 general elections, Finance Minister Arun Jaitley announced measures to strengthen the urban rail network by allocating Rs 11,000 crore for Mumbai and Rs 17,000 crore towards the Bengaluru metro project.
The budget clearly displays post de monitisation, GST implementation and recapitalisation of banks the economy will witness growth trajectory of 8% and buoyant tax collections.