Almost 15 per cent capex, or Rs 15,081 crore, shown by the Railways in 2015-16 represents work done by joint venture companies in the railway sector.
Initiating the debate on the budget, Patel said while expenditure has increased, revenue has declined.
The budget has allocated Rs 23 crore for creation of additional terminal at the Hadapsar Railway Station as well as Rs 38.07 crores for remodeling of Pune Railway Yard.
RJD chief Lalu Prasad, said: “Indian Railways has got derailed. There is no immediate need of bullet trains.
Congress, CPM express concern over financial health, say safety issue ignored.
The transport minister said he had met Prabhu on December 11 and put forward the proposal to revive the Ring Rail.
Oppn gives it a thumbs down, says full of gimmicks.
With this background, the finance wizards of Railways have created an action plan to exorcise the CPC bogie deftly next fiscal without hiking either fares or freight rates.
Of the total 45 SVPs announced, the majority share has come to Maharashtra. The railway minister’s decision to open up all locked lands along the tracks, wherever possible, for agriculture is a big step forward.
The Railway Budget 2016 was presented by Union Minister Suresh Prabhu at 12 noon today – his second since taking charge of the ministry. We bring you the latest updates.
The move will reduce needless use of paper in sharing information with the various railway field units, a release said.
“Diesel price is on the decline. Passenger bookings and goods loadings are also on downslide. So at this moment hiking freight rate and passenger fares will affect the Railways adversely,” sources in railways said.
The total project cost of the Mumbai-Ahmedabad corridor being around Rs 98,000 crore, India will have to invest around Rs 18,000 crore to meet its part of the deal.
Railways usually attempts to cut down that increase. Now, the idea is to not only arrest that increase, but to try and reverse it—something Railways is not used to.
Railway Minister Suresh Prabhu made the entire passenger interface of railways responsive on social media sites, especially Twitter.