Railway Budget 2015: 9 key announcements that impact India Inc
Business Today lists 9 key announcements by Railway Minister Suresh Prabhu in his maiden Budget that stand to impact India Inc.
Ajay Modi Last Updated: February 26, 2015 | 15:09 IST
Railway Minister Suresh Prabhu presented the Railway Budget for the 2015-16 financial year in the Lok Sabha on Thursday. Here are some of the key points the minister announced that will impact India Inc:
Freight rates hiked by 10 per cent for urea, 2.7 per cent for cement and 6.3 per cent for coal.
77 new projects to be launched with an investment of Rs 96,182 crore to expand capacity.
Plan Outlay proposed at Rs 1,00,011 crore, up by 52 per cent.
Railways will also leverage additional resources; envisages investment of Rs. 8.5 lakh crore in next five years.