Interim Budget 2019: Total capital outlay for Railways hiked to Rs 1.59 trn

The Gross Budgetary Support for railways increased to Rs. 64,587 crore for FY20

Finance Minister Piyush Goyal
Finance Minister Piyush Goyal | Photo: @ANI
BS Web Team
Last Updated : Feb 01 2019 | 12:35 PM IST
Finance Minister Piyush Goyal on Friday announced an allocation of Rs 1.59 trillion for capital expenditure in railways, compared to the Rs 1.48 trillion in Budget 2018-19.  The Gross Budgetary Support for railways increased to Rs 64,587 crore for FY20.

The railway budget has been subsumed into the general budget since the last two years. 

The Railways has achieved its target of eliminating all unmanned level crossings, said Goyal, who also hold the Railway Ministry The government had announced that all such crossings would be eliminated in last year's Budget speech.

Sharing the news of elimination of all the 3,479 unmanned level crossings across the country, Goyal tweeted in Hindi, "Today during his address in Parliament, President Ram Nath Kovind said that almost all unmanned level crossings has eliminated in the country. I am proud to say that the last unmanned level crossing of the country has also been eliminated this evening."

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story