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Rail Budget 2016: Railway Minister Suresh Prabhu eyes Rs 1.25L cr plan even as Indian Railways earnings fall

Wed February 24 2016, 4:46 pm
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    Rail Budget 2016, to be announced by Railway Minister Suresh Prabhu on Thursday, 25th February, is expected to focus on huge capacity creation in the rail sector with a massively increased outlay of about Rs 1.25 lakh crore on the Indian Railways. A significant amount will be earmarked for safety upgradation, electrification, doubling and modernisation of yards to clear traffic bottlenecks, sources in the Indian Railways said. (Express Photo)

  • rail budget 2016, railway budget 2016, railway budget 2016 date, railway budget 2016 expectations, railway budget 2016 new trains, rail budget 2016-17, rail budget date, rail budget 2016-17 expectations, rail budget 2016 new trains, new trains in rail budget 2016-17

    1. Rail Budget 2016: While announcement of new Indian Railways trains by Railway Minister Suresh Prabhu is unlikely for the second consecutive year, a scheme for premium high-speed parcel trains is slated to be unveiled in the budget. Targeting rail users and industry, Prabhu will announce a few schemes on passenger amenities. (Express Photo)

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    2. Rail Budget 2016: Facing a decrease in earnings, the Indian Railways will press into service many special trains on higher fares, which is an indirect way of Railway Minister Suresh Prabhu actually hiking passenger fares. (Express Photo)

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    3. Rail Budget 2016: Indian Railways will highlight the use of technology for improving services, including catering for passengers, as Railway Minister Suresh Prabhu is keen to improve food quality on rail premises. (Express Photo)

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    4. Rail Budget 2016: In a big concern for Railway Minister Suresh Prabhu, the Indian Railways have earned Rs 136,079.26 crore as against the target of Rs 141,416.05 crore, a decline of 3.77 per cent. (Express Photo)

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    5. Rail Budget 2016: Railway Minister Suresh Prabhu will have to depend mostly on the External Budgetary Resources (EBR) for execution of the capacity augmentation projects and he will give details of his resource mobilisation plan in the Rail Budget 2016-17. Since Gross Budgetary Support (GBS) from the Finance Ministry is unlikley to meet the Indian Railways’ expectation, funding of projects will be mostly from EBR. (Express Photo)

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