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  Business   Economy  01 Feb 2019  Budget 2019: Railways gets Rs 1.58 lakh cr, highest ever for national transporter

Budget 2019: Railways gets Rs 1.58 lakh cr, highest ever for national transporter

PTI
Published : Feb 1, 2019, 1:53 pm IST
Updated : Feb 1, 2019, 3:43 pm IST

No railway fare hike was announced in the Railway Budget for 2019.

Goyal also announced that the operating ratio for the current fiscal has improved to 96.2 per cent.
 Goyal also announced that the operating ratio for the current fiscal has improved to 96.2 per cent.

New Delhi: Finance Minister Piyush Goyal on Friday announced a capital expenditure allocation of Rs 1.58 lakh crore for the railways, the highest ever for the national transporter, in an effort to put its flagging revenues back on track.

Also Read: Budget 2019: Full text of finance minister Piyush Goyal’s speech in Parliament

 

Goyal, who is also the Railway minister, said so far, 2018-2019 has been the safest for the Indian Railways and all unmanned level crossings on the broad gauge network have been completely eliminated.

"Capital expenditure programme of railways at all-time high of Rs 1.58 lakh crore in next financial year. Vande Bharat Express, indigenously developed semi-high speed (train), will give Indian passengers world class experience.

"This major leap in wholly developed technology by our engineers will give an impetus to the Make in India programme and create jobs," he said in his debut budget speech.

Goyal also announced that the operating ratio for the current fiscal has improved to 96.2 per cent, and in the next financial year the aim will be to have it at 95 per cent.

 

No railway fare hike was announced in the Railway Budget for 2019.

Lok Sabha elections are slated to be held in April-May. The planned expenditure would be a 148 per cent hike from the levels of 2014.

Tags: budget 2019-2020, indian railways, piyush goyal, fund, capital expenditure