Business

Rs 64,587 cr budgetary support for railways in 2019-20: Goyal

Agency | February 01, 2019 01:08 PM

NEW DELHI: Finance Minister Piyush Goyal on Friday said the government has allocated Rs 64,587 crore for railways in the Interim Budget for 2019-20.

Presenting the Interim Budget in Parliament, Goyal said: "Indian Railways has experienced its safest year in history. We are introducing container cargo movement to the North East.

"All unmanned level crossings on broad gauge network have been completely eliminated," he said.

Speaking about the manufacture of engineless Train 18, Goyal said: "Vande Bharat Express will give Indian passengers world class facility, with speed, safety and service. This major leap developed by our engineers will give an impetus to Make in India programme and create jobs."

He said: "Capital support from Budget for railways is proposed at Rs 64,587 crore for railways in 2019-20.

"In fact, railways' overall capital expenditure programme is historic at Rs 1,58,658 crore."

Goyal also said that the operating ratio of railways will come down to 95 per cent in 2019-20 from 96.2 per cent in 2018-19.

Have something to say? Post your comment
Must Read
DC and CP finalizes arrangements for strong rooms of EVMs and VVPATs along with counting centres
DC and CP finalizes arrangements for strong rooms of EVMs and VVPATs along with counting centres
This election is referendum on Modi’s non-performance: Manish Tewari
This election is referendum on Modi’s non-performance: Manish Tewari
Equity indices close in the red, Jet plunges over 32 pc
Equity indices close in the red, Jet plunges over 32 pc
Punjab CM orders special Girdawari to assess crop loss due to rain & storm
Punjab CM orders special Girdawari to assess crop loss due to rain & storm
Vigilance nabs revenue Patwari, private person for taking bribe
Vigilance nabs revenue Patwari, private person for taking bribe
Youth will take Cong and Amarinder to task for reneging on promises made to them – Harsimrat Badal
Youth will take Cong and Amarinder to task for reneging on promises made to them – Harsimrat Badal
ECI appoints Vikram Jeet Duggal as SSP Amritsar (Rural)
ECI appoints Vikram Jeet Duggal as SSP Amritsar (Rural)
Commissionerate police arrest four extortionists including a minor and his elder brother
Commissionerate police arrest four extortionists including a minor and his elder brother
Paid holiday declared on may 19 for lok-sabha polls
Paid holiday declared on may 19 for lok-sabha polls
Congress Candidate Chaudhary Santokh Singh terms Modi-Govt as “Anti-Dalit, Anti-Poor and Anti-Farmers
Congress Candidate Chaudhary Santokh Singh terms Modi-Govt as “Anti-Dalit, Anti-Poor and Anti-Farmers
Administration to organize rehearsals for polling and counting staff on April 23 and 24 respectively
Administration to organize rehearsals for polling and counting staff on April 23 and 24 respectively
I am sure people of Wayanad will reject Rahul Gandhi: Piyush Goyal
I am sure people of Wayanad will reject Rahul Gandhi: Piyush Goyal