Union Budget-2017: Railways get Rs 55000 crore for upliftment including better safety, no fare hikes

In the history of 92 years, presenting a combined budget for the first time, Finance Minister Arun Jatiley on Wednesday allocated Rs 55000-crore for the railways and said that the functional autonomy of the institution will be maintained.

“Railways and roads are the lifeline of the country. Feel proud to present the first combined budget,” said Jaitley. The finance minister revealed that the railways will focus on major areas such as safety and cleanliness. He announced that the setting up of Rs 1 lakh crore special fund, Rashtriya Rail Sanrakshan Kosh (RRSK), for a five-year safety upgrade.

Unmanned level crossings will be eliminated by 2020, Jaitley said. He also said that the railways will usher in competitive ticketing facilities and withdrew the service charge on tickets booked through IRCTC. A new metro rail policy is also in the works, Jaitley revealed. Among other things, Jaitley said that 25 new railways stations will be developed and 500 stations will be equipped with lifts and escalators for the differently-abled.

Highlights:

  • Railways and roads are the lifeline of the country. Feel proud to present the first combined budget, says Jaitley.
  • Jaitley announces Rs 55000 crore for Railways.
  • Railways will focus on four major areas: safety, cleanliness, accounting reforms
  • Safety fund with corpus of Rs 1 lakh crore for five years.
  • Unmanned level crossings will be eliminated by 2020
  • Will offer competitive ticketing facility. Service charge while booking through IRCTC is withdrawn.
  • 500 railway stations to be made differently abled-friendly by providing lifts, escalators: Jaitley
  • By 2019, all coaches of Indian Railways will be fitted with Bio-toilets: FM Arun Jaitley
  • A proposal to redevelop 25 new railway stations in FY18 was also mooted.
  • A new metro rail policy will be announced, this will open up new jobs for our youth: FM Jaitley

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