Revenue earned during lean crude market being invested in developmental projects: Goyal

Union Minister Piyush Goyal on Friday said that the revenue earned by his government during low crude prices in the International market, is being invested in various developmental projects

"The revenue earned by the government during lean crude market, by not reducing the prices accordingly, has been gone into developmental projects, which were of very high importance," the Minister for Railways, Coal and Corporate Affairs said.

Talking about skyrocketing fuel prices, Goyal said that his government is "very concerned" and trying to resolve the issue in order to give relief to the common man.

Goyal was speaking at an interaction in Rajasthan, where he flagged off Humsafar Jodhpur Bandra Express.

Speaking at the inauguration, Goyal said the Railways has made adequate arrangements in the trains, including mobile charging points, CCTVs and Bio Toilets.

He also mentioned that railway projects worth over Rs 13,000 crore have been undertaken in Rajasthan at present.

The Railways Minister also noted the doubling of road under-bridges during Modi government regime.

"Under previous government only 52 road under bridges were installed, however now the number has doubled up," he said.

Goyal also spoke about the spike in investment for Railways.

"Investment for Railway amenities earlier stood at Rs 682 crore on an average, the same has now increased to Rs 2,911 crore in our regime", Goyal said.

Goyal further said that Prime Minister Narendra Modi-led government took over at a time when the financial condition both on national and international level were highly adverse, but owing to his adamant nature and willingness to change the face of the nation the premier handled the situation and brought the nation back 0n track.

"As a result the GDP which was around 4.5% then, has touched a mark of 7.5% on account of revolutionary steps," he said.

Further highlighting the aftermath of GST implication, Goyal said that the concerning bill was passed unanimously for a radical change in the economy and the outcome was that the tax collection under GST has been phenomenal.