 "Railway surge pricing to be reviewed in Jan")
In his last Budget, Suresh Prabhu, Minister for Railways, set an ambitious target for capital expenditure.
As chart 1 shows, capex was budgeted at Rs 1,21,000 crore in 2016-17, up from Rs 82,192 crore in 2015-16.
But according to reports, by December, the railways has managed to spend only Rs 68,059 crore. While officials believe the year-end number may well be higher, in the range of Rs 85,000 crore to Rs 95,000 crore, it will still be at least 20 per cent below the Budget expectations. This capex push was largely in five areas. As shown in chart 2, the
