The Railway Budget, to be tabled in Parliament on Thursday, is expected to focus on capacity creation in the rail sector with an increased outlay of about Rs. 1.25 lakh crore. It is one of the most important budgets in India.
How to Watch Railway Budget 2017-18 Live Streaming Online
Railway Budget 2017, to be presented by Suresh Prabhu may include a slew of measures to ensure quality travel including expansion of e-catering to all important stations beyond the 42 already covered and in more trains. The Railway Budget on February 25 is likely to increase the overall capital outlay for Indian railways by 20-25 per cent to Rs 1.25 lakh crore, with a thrust likely on improving rail infrastructure, and safety.
One, the highlight of last year’s (2015) railway budget, and the smartest move, was no hike in passenger fares. Instead, Prabhu, chose to indirectly increase the freight revenues by adjusting cargo categories and slabs. Of the total budgeted revenues of railways in 2015-16, nearly 66.2 per cent or Rs 1,21,423 crore will come from freight services and Rs 50,175 crore from the passenger segment. “Freight is the breadwinner of railways,” said K C Jena, who served as a railway board chairman between 2007 and 2009, in a discussion organized by ASSOCHAM.
The challenge for Prabhu is to set the house in order by presenting a bold budget. He will have to give a clear message that passenger fares will have to go up, but will be compensated through better services and efficiency, for the greater good of railways in the ensuing years.
Also Read: New Train List Indian Railway Budget 2017-18
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