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union budget 2017-18

railway budget 2017

Railway Budget 2017

Updated : Feb 2, 2017

You may have to pay more for rail journeys. Here's why

"We will continuously endeavour to improve the Operating Ratio of the Railways. The tariffs of Railways will be fixed, taking the costs, quality of service, social obligations and competition from other forms of transport into consideration," Jaitley said.

Updated : Jan 31, 2017

Budget 2017: FM may announce special fund of Rs 20,000 cr for rail safety

A spate of rail accidents in recent times has forced the Central government to put passenger safety up on the priorities. For the first time, the Finance Ministry may announce a special fund of Rs 20,000 crore for rail safety in the general budget to be presented on February 1.

Updated : Jan 20, 2017

Railways seeks gross budgetary support of Rs 50,000 crore for FY18

Gross Budgetary Support (GBS) of Rs Rs 40,000 crore was announced in the 2015-16 Rail Budget. However, the Finance Ministry for the current year had slashed it to Rs 28,000 crore, citing slow spending pace.

Updated : Jan 20, 2017

President Pranab Mukherjee clears change in rules for Rail Budget merger

The Department of Economic Affairs has been entrusted with the work relating to preparation of central budget including rail budget, as per a recent order issued by Cabinet Secretariat.

Updated : Jan 6, 2017

Railways seeks innovative ideas from public on coach design

It has announced cash rewards for best innovative ideas on various aspects, including new design of wagons for efficient loading and transportation of new commodities.

Updated : Jan 6, 2017

Reeling under Rs 33,000 crore operational loss, Railways may hike fare this budget

Burdened with an operational loss of Rs 33,000 crore, Railways has decided against announcing new trains and rail lines. Doling out sops in the rail budget has been a major tool to gain political gains particularly in pollbound states.

FM Arun Jaitley

Updated : Dec 20, 2016

FM Arun Jaitley bats for outsourcing of railways' non-core functions

He said that unless the railways strengthen its performance and internal management system, they will lose out to competition from other sectors like highways and airlines in both passenger and cargo transportation.