Union Budget 2017: Key announcements for Railways

Government has withdrawn service charge on railway tickets booked via IRCTC

Finance Minister Arun Jaitley in the railway budget announced today allocated Rs 55000 crore for the railways. Major announcement made is the withdrawing of service charge on tickets booked on IRCTC. Total of Rs 1,31,000 crore to be spent on Railways for the fiscal year.

In the budget announced, Railways will integrate end to end transport solutions for selected commodities through partnership and a new metro policy will be announced soon. Finance Minster said that, “By 2019 all coaches of Indian Railways will be fitted with Bio-Toilets and by providing lifts and escalators, 500 stations are to be made differently abled-friendly and 25 railway stations are expected to be awarded during 2017-2018.”

For making railways more safer mode of transportation, Rail safety fund with corpus of Rs 100,000 crore will be created over a period of 5 years.

A new metro rail policy will be announced will open new jobs for our youth, said FM.

In the budget the transport sector has been allocated Rs 2.41 Lakh crore and Bharat Net Project allocated Rs 10,000 crore.