Budget 2017: Railways to get Rs 1 lakh crore for safety on tracks

The government is looking to infuse Rs 1 lakh crore towards Rashtriya Rail Sanraksha Kosh (RRSK). This wish was long pending one, reported the Indian Express.

Finance Ministry has given the Railways Rs 55,000 crore for 2017-18 as Gross Budgetary Support. The first tranche of Rs 20,000 crore for the RRSK will be carved out of that, while the rest will be conventional capital expenditure, official sources told. 

Out of the Rs 20,000 crore, Rs 15,000 crore will be for the RRSK. The Railways will have to come up with the remaining Rs 5,000 crore for the year from its own pocket.

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