 "Interim Budget 2019, Budget 2019")
Finance minister Piyush Goyal’s Budget on Friday lined up the highest ever capital expenditure (capex) of Rs 1.59 trillion for Indian Railways for the financial year 2019-20.
This is over 8.2 per cent compared to Rs 1.46 trillion that the government had proposed in last year’s Budget. Government has also allocated Rs 64,587 crore for Railways for FY20, which is 21 per cent higher than the budget estimates of Rs 53,060 crore last year. Interestingly, Goyal has projected an ambitious operating ratio of 95 per cent for the current financial year. Operating ratio is calculated based on how much money railways
