Connect with us

Hi, what are you looking for?

Business

Rs 64,587 cr budgetary support for railways in 2019-20; Goyal

Finance Minister Piyush Goyal on Friday said the government has allocated Rs 64,587 crore for railways in the Interim Budget for 2019-20.

Presenting the Interim Budget in Parliament, Goyal said: “Indian Railways has experienced its safest year in history. We are introducing container cargo movement to the North East.

“All unmanned level crossings on broad gauge network have been completely eliminated,” he said.

Speaking about the manufacture of engineless Train 18, Goyal said: “Vande Bharat Express will give Indian passengers world class facility, with speed, safety and service. This major leap developed by our engineers will give an impetus to Make in India programme and create jobs.”

He said: “Capital support from Budget for railways is proposed at Rs 64,587 crore for railways in 2019-20.

“In fact, railways’ overall capital expenditure programme is historic at Rs 1,58,658 crore.”

Goyal also said that the operating ratio of railways will come down to 95 per cent in 2019-20 from 96.2 per cent in 2018-19.

Rs 64,587 cr budgetary support for railways in 2019-20: Goyal

IANS

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Politics

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae.

Science & Technology

Google has removed 85 apps from its Play Store after security researchers at Trend Micro found a particularly annoying adware hiding inside. “We found...

Education

Bengaluru-based Danish Educational Trust held its 16th Annual Scholarship Distribution program Sunday, where scholarships worth Rs 70 lakh were distributed to 250 students from across Karnataka....