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Rlys again expecting highest capex outlay in Budget
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SME Times News Bureau | 21 Jan, 2020
The Indian Railways is yet again expecting the highest-ever outlay for
capital expenditure of over Rs 1.70 lakh crore from Union Finance
Minister Nirmala Sitharaman, who is set to present the Budget on
February 1.
According to a senior railway ministry official, the
railways has got CAPEX of Rs 1.60 lakh crore in last year's Budget,
while in the previous year it got Rs 1.48 lakh crore CAPEX.
"Thus this year also the railways will get over Rs 1.70 or 1.75 lakh crore outlay for CAPEX," said the official.
The
official said that the budgetary allocation of the railways will also
increase this year to over Rs 70,000 crore as compared to over Rs 65,837
crore previous year.
In 2018-19 Budget, the outlay for the railways was Rs 1.48 lakh crore while the Budget allocation was Rs 55,088 crore.
According
to Railway Ministry officials, the railway infrastructure would need an
investment of Rs 50 lakh crore between 2018 and 2030, thus the amount
is all set to go up in this Budget also.
The official said in the
Budget more focus will be on the modernisation of the signalling
system, construction of new tracks, doubling and tripling of tracks,
rolling stock and telecom. Besides, there can be an announcement about
new services in the Tejas Express and the Vande Bharat Express.
Before
2016, the Union Budget and Railway budget were presented separately in
India. However, the 92-year tradition was scrapped by the then Finance
Minister Arun Jaitley in 2016 after which, both the budgets have been
merged and are presented the same day.
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