Indian railways
Ministries such as railways & civil aviation cater to the transport sector but work in isolation with minimal or no coordination with each other | Representational image | Commons
Text Size:

Finance minister Piyush Goyal said 2018-2019 has been the safest for the Indian Railways and all unmanned level crossings on the broad gauge network were eliminated.

New Delhi: Finance Minister Piyush Goyal 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.

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.


Also read: Defence budget crosses Rs 3 lakh crore, but that’s a meagre increase of less than 2%


“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. – PTI

Subscribe to our channels on YouTube & Telegram

Why news media is in crisis & How you can fix it

India needs free, fair, non-hyphenated and questioning journalism even more as it faces multiple crises.

But the news media is in a crisis of its own. There have been brutal layoffs and pay-cuts. The best of journalism is shrinking, yielding to crude prime-time spectacle.

ThePrint has the finest young reporters, columnists and editors working for it. Sustaining journalism of this quality needs smart and thinking people like you to pay for it. Whether you live in India or overseas, you can do it here.

Support Our Journalism

Share Your Views

LEAVE A REPLY

Please enter your comment!
Please enter your name here