Railways get Rs 70,000 crore from Budget; capex spend pegged at Rs 1.61 trn

The railways got a budgetary allocation of Rs 70,000 crore and an outlay for capital expenditure amounting to Rs 1.61 trillion, a paltry 3 per cent more than the previous year, from Union Finance Minister Nirmala Sitharaman in the budget for 2020-21 presented on Saturday.

In 2019-2020, the capital expenditure (RE) was Rs 1.56 trillion, which was 17.2 per cent more than the capex of 2018-2019.

The total receipts of the railways comprising earnings from passenger, goods, sundry other heads and railway recruitment boards are targeted to increase by 9.5 per cent in the Budget Estimates (BE) of 2020-21 over the Revised