Govt proposes 'highest ever' plan outlay for railways
08/07/2014 14:46
Government today proposed “highest ever” plan outlay of Rs 65,445 crore to the railways for the current fiscal, with a budgetary support of over Rs 30,000 crore, reported PTI. Presenting the Railway Budget for 2014-15, Railway Minister Sadananda Gowda said the “highest ever plan outlay” would include market borrowing of Rs 11,790 crore and internal resources of Rs 15,350 crore, as per the media reports. Another Rs 6,005 crore would be mopped up through public private partnerships (PPP) mode, while railways would create a safety fund of Rs 2,200 crore, reported media. As per Budget Estimates for 2014-15, total receipts are projected at Rs 1,64,374 crore, while total expenditure at Rs 1,49,176 crore, as per the reports in the media. While passenger traffic grew by 2 per cent, passenger earnings stood at Rs 44,645 crore after revenue foregone of Rs 610 crore on account of rollback in monthly season ticket fares, Gowda said, adding freight earnings are estimated at 1,05,770 crore for this fiscal.
08/07/2014 14:46
Government today proposed “highest ever” plan outlay of Rs 65,445 crore to the railways for the current fiscal, with a budgetary support of over Rs 30,000 crore, reported PTI. Presenting the Railway Budget for 2014-15, Railway Minister Sadananda Gowda said the “highest ever plan outlay” would include market borrowing of Rs 11,790 crore and internal resources of Rs 15,350 crore, as per the media reports. Another Rs 6,005 crore would be mopped up through public private partnerships (PPP) mode, while railways would create a safety fund of Rs 2,200 crore, reported media. As per Budget Estimates for 2014-15, total receipts are projected at Rs 1,64,374 crore, while total expenditure at Rs 1,49,176 crore, as per the reports in the media. While passenger traffic grew by 2 per cent, passenger earnings stood at Rs 44,645 crore after revenue foregone of Rs 610 crore on account of rollback in monthly season ticket fares, Gowda said, adding freight earnings are estimated at 1,05,770 crore for this fiscal.
