Indian government has taken a huge departure from the custom of announcing the Union budget and Railway budget separately. The Rail budget will no longer be presented separately from the Union budget from the fiscal year 2017–18. Government has announced both the budgets in advance today (February 1, 2017). Read on to find out what Railway Budget 2017-18 has is store for you.
Highlights Of Railway Budget 2017-18
The announcement for Indian Railways in first combined Union Budget-Railway Budget focus on safety, cleanliness and financial accounting reforms. Here are the highlights of Railways budget for the fiscal year 2017-18.
- Capital and development expenditure of Rs. 1,31,000 crore on railways for the fiscal year 2017-18.
- Increase of 22% in rail budget.
- Cashless reservations increased from 58 per cent to 68 per cent.
- Railway to put more emphasis on safety
- Rail safety fund (Rashtriya Rail Sanraksha Kosh) of Rs. 1 lakh crore to be set up over five years.
- Unmanned crossings to be eliminated by 2020.
- To set up Waste-to-energy plants at New Delhi and Jaipur stations.
- 500 stations will get lifts and escalators.
- Bio Toilets to be available in all trains by 2019.
- New metro rail policy to be launched. This will bring employment opportunities for the youth in the country.
- Coach Mitra facility will be launched to redress grievances related to rail coaches.
- Railway tariffs will be fixed on the basis of cost, competition and social obligation.
- Service charge on e-tickets booked through IRCTC to be withdrawn
- Dedicated tourism and pilgrimage trains to be launched.
- 25 stations identified for redevelopment.
- Solar power will be used in 2000 stations.
- New metor railway policy will be announced
- 500 stations will be made differently-abled friendly.
- 3500km of railway tracks will be commissioned in 2017-18.
- Measures will be taken to make Railways competitive with world standards.
- Expert international assistance to be provided to improve safety provisions and maintenance practices.
Also Read: Highlight Of Union Budget 2017-18