In order to move towards zero accidents in railways, Jaitley announced creation of Rail Safety Fund with corpus of Rs 100,000 crore
NEW DELHI: Finance Minister Arun Jaitley has made record allocation fort the infrastructure sector at Rs 3.96 lakh crore. For Railways, the budget for which has been merged with the Union Budget for the very first time since 1924, Jaitley said he has made allocation of Rs 1.31 lakh crore for capital and development expenditure.
Railways will be putting up 3,500 km of railway lines in 2017-18. Providing relief to consumers who were being levied a service charge for online booking of railway tickets via IRCTC, Jaitley said he was withdrawing this service charge.
In order to move towards zero accidents in railways, Jaitley announced creation of Rail Safety Fund with corpus of Rs 100,000 crore. This will be created over a period of five years, the finance minister said.
Jaitley also said that 500 rail stations will be made differently abled-friendly by providing lifts and escalators in 2017-18.
In order to open up employment to youth, the finance minister said a new metro rail policy will be announced soon which will “open up new jobs for our youth”.