Railway Budget 2018: 13 charts that sum-up Indian Railways steps for passengers, plans for next year

Railway Budget 2018: Finance Minister Arun Jaitley in his Union Budget 2018 speech has announced a capital expenditure of Rs 1.48 lakh crore for Indian Railways for 2018-2019. That’s a jump of 23% compared to the capex for the ongoing financial year 2017-2018. That’s a threefold increase in capital expenditure from Rs 53,989 crore in 2013-2014.

Railway Budget 2018 details
The Railway Budget 2018 has also announced that a target of 92.8% operating ratio is being set for the next financial year, as against 96% in the current FY.

Railway Budget 2018: Finance Minister Arun Jaitley in his Union Budget 2018 speech has announced a capital expenditure of Rs 1.48 lakh crore for Indian Railways for 2018-2019. That’s a jump of 23% compared to the capex for the ongoing financial year 2017-2018. That’s a threefold increase in capital expenditure from Rs 53,989 crore in 2013-2014 to Rs 1.48 lakh crore in 2018-2019 – something that Railway Minister Piyush Goyal had already hinted at. According to Finance Minister Arun Jaitley, most of this increased capital expenditure would be focused on capacity augmentation, a fact that will Indian Railways reduce congestion on existing networks and enable timely and faster movement of goods and passengers. The Railway Budget 2018 has also announced that a target of 92.8% operating ratio is being set for the next financial year, as against 96% in the current FY. With a focus on safety, the total expenditure planned on safety activities including is Rs 73,065 crore in 2018-19. From electrification to conversion to broad gauge and steps for suburban railways, there are a host of new steps that have been announced that will cheer common man. In this article we list out some key figures and facts put out by the Narendra Modi government on the Railway Budget 2018:

Railway Budget 2018 capex details
Railway Budget 2018 huge increase in capex in the last few years
Railway Budget 2018 safety focus
Railway Budget 2018 for safety
Railway Budget 2018 : what passengers
Railway Budget 2018 for passengers
Railway Budget 2018 for freight loading
Railway Budget 2018: Increase in freight loading
Railway Budget 2018 for revenue receipts
Railway Budget 2018 revenue receipts surge
Railway Budget 2018 operating ratio
Railway Budget 2018 operating ratio target
Railway Budget 2018 for new lines
What Railway Budget 2018 had for construction of new lines
Railway Budget 2018 for doubling
How Railway Budget 2018 will ease congestion
Railway Budget 2018 for goods movement
Railway Budget 2018 focus on augmenting goods movement
Railway Budget 2018 for renewables
Waht Railway Budget 2018 had in terms of focus on renewables
Railway Budget 2018 for electrification
Railway Budget 2018 for electrification and electric locos
Railway Budget 2018 for safety
What Railway Budget 2018 had in store for safety
Railway Budget 2018 for suburban
What Railway Budget 2018 had in store for suburban rail network

Indian Railways is often called the lifeline of the country and an increase in capital expenditure, focus on electrification, safety, gauge conversion and passenger amenities would go a long way in augmenting traffic and therefore revenues of the national transporter. According to Abhaya Agarwal, Partner Infrastructure & PPP Leader, “Focus on capacity addition and service improvements through technology can be seen as a rationale move by the government. It is commendable that skilling and capacity building have been prioritized. Railways university and training center for high speed rails was announced in the speech. Overall, it appears as if the government is considering holistic development of the sector.” One would hope that with dedicated freight corridors being built as well, Indian Railways will see better days ahead and will be able to offer its customers – both passenger and freight – better service standards.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express Telegram Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.