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The Indian Railways In The Budget 2018
February 16-28, 2018
|BUSINESS ECONOMICS
This is the second year that the rail budget has been merged with the Annual Budget of the government of India. This is why the railway sector has lost its prominence as a matter of discussion.
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Harindra Rao, General Manager, the Eastern Railways, said that matters like introduction of new trains and a lot of projects for the railways, will be decided by the Ministry of Railways separately and these not have been announced in the Budget.
Capital expenditure
The most important thing is that the Finance Minister (FM) Arun Jaitley has allocated ₹1.48 crore as the capital expenditure target for 2018-19. This is known to be the highest ever capital expenditure allocation. In the last Budget, it had been
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