Prabhu to present Railway Budget tomorrow

Expectations for the announcement of new trains and improvement in passenger amenities are running high as Railway Minister Suresh Prabhu is set to present his second budget for 2016-17 in Parliament on Thursday.

As passenger fares was not hiked in the last budget and railway finances have come under tremendous strain, the minister faces a dilemma whether to raise fares and freight rates.

Railways have earned over Rs.136,079 crore as against the target of Rs. 141,416 crore during April-January, a decline of 3.77 percent.

Indian Railways has started a new micro-site (http://www.railbudget2016.indianrailways.gov.in) for latest Railway Budget updates and live budget watch. It will be a one-stop shop for all Railway Budget related information.