Railway Budget of India is the Annual Financial Statement of the state-owned Indian Railways, which handles rail transport in India. It was presented every year by the Minister of Railways, representing the Ministry of Railways, in the Parliament. The Railway Budget was presented every year, a few days before the Union budget, till 2016. Modi government on 21 September 2016 approved the merger of the Rail and General budgets from next year, ending a 92-year-old practice of a separate budget for the nation’s largest transporter. Railways Minister Suresh Prabhu said that this merger proposal was in the long term interest of railways as well as the country’s economy.
As per the
Railway Budget 2019 Highlights,
Indian railways passengers will be able to travel in trains that are manufactured with private sector world-class technology! With a strong emphasis on need for private investment in Indian Railways, Finance Minister
Nirmala Sitharaman in her Railway Budget 2019 speech spoke of unleashing the
PPP (Public-Private Partnership) for faster development of railway infrastructure including rolling stock. Currently, Indian Railways is focused on developing world-class railway stations which will serve as multi-modal transport hubs.
IRSDC [Indian Railway Stations Development Corporation] is currently developing the Habibganj station in Madhya Pradesh and Gandhi Nagar station in Gujarat. With a tie-up and investment from France, the Indian Railways station redevelopment programme will be expedited. Days ahead of Railway Budget 2019, Piyush Goyal-led I
ndian Railways tied up with France for creating world-class stations on the Indian Railways network. Under the agreement with France, the country will provide 7 lakh euros for the big infrastructure project.