Indian Rail budget 2016 highlights


Railway Minister Suresh Prabhu began presenting his ministry’s budget for the next fiscal year in the Lok Sabha on Thursday, promising to address the issues concerning all stakeholders — citizens, employees and industry, among others.

“These are challenging times,” Prabhu said in the opening remarks of his second rail budget speech, adding that the strategy will involve three pillars — exploring new avenues to raise revenues, improve efficiency and totally recast decision-making.

“Cooperation, collaboration and communication, are the hallmarks of Indian Railways’ journey forward,” the minister said. “We will be at the forefront of infrastructure investment in the country.”

  • Budget that reflects the expectations of the entire nation (12:17)
  • Making all-out efforts to translate dream of Prime Minister Narendra Modi into reality 
  • Aiming to achieve operation ratio of 92 percent
  • Saving of Rs.8,720 crore from last year’s estimates
  • Envisaging capital expenditure of Rs.1.21 lakh crore

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