- Railway Budget Highlights for 2015-16
Railway Budget for 2015-16:
- 23 million people travel in trains every day.
- 1.4 Lakh crore of annual income every year.
- Out of 676 sanctioned projects only 317 were completed in the last three years.
- Rs. 1.82 lakh crore is required to complete pending projects.
- Around 13 lakh employees were working in railway.
Following are the highlights of the Railway Budget for 2015-16:
- Railway Minister Suresh Prabhu says that there won’t be any hike in passenger fares.
- Railways unique integrator of modern India.
- Facilities not improved substantially over past few decades.
- Vicious cycle of under-investment must end.
- 1,219 sections on network – most of them overworked.
- In next five years, intention to substantially augment capacity.
- Investment of Rs.8.5 lakh crore in next five years.
- Over 20,00 suggestions received on improving facilities.
- Four goals: Deliver sustained improvement in customer facilities, Make railways safer means of travel, expand substantially, make Indian Railways self-sustainable.
- Budget part of trilogy: White paper already tabled, this budget, vision document soon.
- Railways backbone of national connectivity.
- Will partner with private sector to improve last mile connectivity.
- Railways unique integrator of modern India.
- Facilities not improved substantially over past few decades.
- Vicious cycle of under-investment must end.
Source: http://investmentgyan.com/
