Railway Budget 2020

The Railway Budget is the annual financial statement of the state-owned Indian Railways, which operates the rail transport in the country. Earlier, the Railway Budget was presented a couple of days ahead of the General Budget by the railway minister in the Parliament. The 92-year old practice of presenting a separate Railway Budget came to an end during the Narendra Modi government on 21 September 2016. The government decided to merge both the Union Budget and the Railway Budget from the year 2017-18. The Railways received a budgetary allocation of Rs 65,837 crore and highest-ever outlay for capital expenditure amounting to Rs 1.60 lakh crore in the Budget for the year 2019-20, including a whopping 200 percent increase in funds for passenger amenities. Finance Minister Nirmala Sitharaman, while presenting the Budget, said the railway infrastructure would need an investment of Rs 50 lakh crores between 2018 and 2030 and proposed that a public private partnership (PPP) be used to unleash faster development and delivery of passenger freight services for railway projects to boost connectivity.

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