Indian Rail budget 2016 highlights

Source:  www.khaleejtimes.com

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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