Union Budget 2017-18: Here are the Seven Measures announced by Finance Minister

NEW DELHI: It may have been subsumed in the General Budget, but FM Arun Jaitley ensured Railways go its share in the Union Budget with a slew of measures. Here are the 7 measure Jaitley announced

  1. No service charge on tickets booked by IRCTC
  2. 25 new stations to be developed by FY18
  3. Railway safety net of Rs 1 lakh crore to be set up over 5 years.
  4. Railway lines of 3,500 km commissioned
  5. Railway related state-run companies like IRCON and IRCTC to be listed on stock exchanges.
  6. By 2019, all coaches of Indian Railways will be fitted with bio-toilets.
  7. Total capital & developmental expenditure Rs 1.31 lakh crore for Railways in 2017-18, including Rs 55,000 crore to be provided by government.
Rs.55,000 Crore for Railways in FY18

Indian Railways is likely to have its highest plan outlay of around Rs 1.35 lakh crore for the next financial year.

The total railway capital expenditure for FY18 will be Rs 1.31 lakh crore.

The rail ministry’s budgeted plan outlay has gone up drastically it the past two years.

It went up to Rs 1,00,011 crore in 2015-16 from Rs 65,000 crore in 2014-15 and Rs 1.21 lakh crore is the outlay for the current financial year, which includes Rs 45,000 crore as gross budgetary support and safety fund.

The national transporter had sought almost Rs 60,000 crore from the finance ministry as gross budgetary support and another Rs 25,000 crore from LIC as loan.