Monday, 16 September 2019, +05:30
Space for Advertisement
Economy Railways: Passenger amenities focus, revenue expenditure concern

Railways: Passenger amenities focus, revenue expenditure concern

Sitharaman said that the government envisions using rivers for cargo transportation, which will also decongest roads and railways

-

New Delhi: Railways has got a budgetary allocation of Rs 65,837 crore and the highest ever outlay for capital expenditure amounting to Rs 1.60 lakh crore from Union Finance Minister in her Budget.

Last year, the outlay for the railways was Rs 1.48 lakh crore while the allocation was Rs 55,088 crore.

Developing passenger amenities seem to be the focus of the government with the planned expenditure on that count being allocated Rs 3,422.57 crore which is an additional outlay of around Rs 1,000 crore for the comfort of rail users.

However, what will remain the Railways’ major headache would be its revenue expenditure which includes an estimated salary payout of Rs 86,554.31 crore, about Rs 14,000 crore more than last year.

In the , funds of Rs 7,255 crore have been allocated for construction of new lines, Rs 2,200 crore for gauge conversion, Rs 700 crore for doubling, Rs 6,114.82 crore for rolling stock and Rs 1,750 crore for signalling and telecom – the allocations have remained the same as in the interim in February presented by the then Finance Minister .

Sitharaman said that railway infrastructure would need an investment of Rs 50 lakh crores between 2018 and 2030 and proposed that a public-private partnership (PPP) be used to unleash faster development and delivery of passenger services for railway projects to boost the connectivity.

“Railways will be encouraged to invest in suburban railways through special purpose vehicles (SPVs) and enhance metro rail network through PPPs,” she said.

The government envisions using rivers for cargo transportation, which will also decongest roads and railways, Sitharaman said.

Railway stations modernisation will also be launched this year, she added.

The Budget estimates also allocated Rs 267.64 cr for Nirbhaya Fund including the provision of Rs 250 crore for Integrated Emergency Response Management System (IERM) (Video Surveillance System) and Rs 17.64 cr for Konkan Railway Corporation Ltd.

Estimates under Gross Traffic Receipts for the year 2019-20 have been placed at Rs 2,16,675 crore involving an increase of Rs 19,961 crore over the Revised Estimates 2018-19.

Leave a Reply

Latest news

Khattar makes NRC election pitch before Haryana poll

While members of even the ruling coalition in Assam are unhappy with the way has panned out in their state, some BJP leaders are going around the country promising a similar exercise nationwide

Gangwar retracts: North Indians unemployable, he’d said

When recruiters arrive, they say the quality of candidates they are looking for is not in adequate supply in these areas, Union Minister of State (independent charge) for Labour and Santosh Gangwar had said in Bareilly on Saturday

Crude oil supply crisis in market for the first time due to attack on Saudi plant

Due to the drone attack by Houthi rebels, supply has decreased by 5.7 million barrels per day, which is 6% of the global supply

Bheto Bangali: Why And How You Identify One

A one-word translation for 'bheto' may be an exercise in futility; phrases like 'rice-influenced' or ‘rice-oriented’ do serve as literal translations while not quite bringing out the rich and diverse connotations of this one-word nomenclature used to describe the typical Bengali mentality, one that transcends diet and encompasses multiple aspects of life
- Advertisement -

Freight Equalisation Policy Crippled Bihar, Bengal, Odisha

The freight equalisation policy ensured that Maharashtra and Gujarat enjoyed hegemony in metal as well as while , and Odisha got an upper hand in none

Salman Khan gifted her no house, says Ranu Mondal

If Salman Khan had given me a house, he would have presented it to me in front of everyone: social media sensation-turned-singer Ranu Mondal

Must read

- Advertisement -

You might also likeRELATED
Recommended to you

%d bloggers like this: