Prabhu proposes Rs.121,000 crore in projects for next fiscal

New Delhi, Feb 25 (IANS) Railway Minister Suresh Prabhu on Thursday proposed a capital expenditure plan outlay of Rs.121,000 crore for the Indian Railways in the fiscal 2016-17.

Presenting the Rail Budget 2016 to parliament, Prabhu said its focus is to improve revenues and ensure appropriate investments which can continue the planned decongestion and line-capacity enhancement he had outlined in last year’s budget.

“The focus is on enhanced capex with a mix of various sources of funding in order to ensure that the projects are given assured funding,” he said.

The minister said the total revenue receipts for next year have been pegged at Rs.1,840,820 crore, with passenger earnings estimated to grow at 12.4 percent and freight traffic to increase by 50 million tonnes “anticipating a healthier growth in the core sector of economy”.

Towards ordinary working expenses of the railways in 2016-17, the minister proposed an amount of Rs.123,560 crore.

“Taking note of likely impact of 7th Central Pay Commission, the pension outgo has been budgeted at Rs.45,500 crore in 2016-17,” Prabhu said.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here