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Highlights of Railway Budget India 2018-19 Important Features, Key Points

Highlights of Railway Budget

Finally today on 1 February 2018 the Government is announcing Railway Budget India. Get connected with us and avail all latest Highlights of Railway Budget India for year 2018-19.

Prior to year 2018, the government had merged the Railway Budget and Union Budget together, hence this year the Announcement of Railway Budget is announced along with the Union Budget. Important Features, Key Points of upcoming Railway Budget India 2018-19 are structured here.

Main Motive Of Railway Budget:

The main motive of government this time is to provide passengers safety and a low accidental travelling experience. In earlier days there are many accidents happened that somewhere disturb the rail organization and people travelling too.

Highlights of Railway Budget

This year there are lots of expectations from the Railway Budget, let see how many demands and predictions are going to turn into reality. Rail Budget Highlights are now live streaming; here we the team members of recruitmentresult.com are updating this page, stay connected..

Highlights of Railway Budget

Here are some of the Highlights related to Railway Budget that are announced today by ur Finance Minister Arun Jaitley:

12.30 pm: Confusion in Railway ministry as Budget speech pegs capex at Rs 1.48 lakh crore, while the railways was given to understand it was Rs 1.46 lakh crore. Officials looking into it.

12.08 pm: Rs 4,253 crore has been allocated for Pune-Lonavala 3rd and 4th railway line.

12.05 pm: Focus will be on safety, maintenance of railway tracks, increase in use of technology and fog safety devices, says Jaitley.

12.04 pm: Mumbai transport system is being expanded; suburban network of 160 km planned for Bengaluru.

12.03 pm: Foundation stone of the bullet train was laid in September 2017. An institute is coming up in Vadodara to train the manpower required for the high speed railway projects, says FM Jaitley.

12.02 pm: For Indian Railways, the government allocates capital expenditure of Rs 1,48,528 crore for 2018-19, announces Jaitley, the highest ever.

12.01 pm: Optimal electrification of the railway network to be focus of the government.

11.59 am: 12,000 wagons, 5160 coaches and 700 locomotives are being procured. There is significant achievements of physical targets by Railways, says Arun Jaitley.

11.58 am: Redevelopment of 600 major railway stations has been taken up. All railways stations with more than 25,000 footfall to have escalators. All railways stations and trains to have Wi-Fi and CCTVs progressively

11.56 am: Enhancing carrying capacity of railways  and focus on safety will be priority of the government

11.30 am: Finance Minister Arun Jaitley says the government would set up a specialised railway university in Vadodara.

11.15 am: A government report tabled in Lok Sabha last month said that more than 35 train accidents were reported last year. The report said 29 rail accidents occurred in the first six months killing 58 people.

Read Key Points: Important Highlights of Union Budget 2018–19

Requirement of Railway Budget:

Railway is a very important part of the Indian economy and it is very important to have a prominent plan and budget for it. Considering all the accidents and incidents happening in the railway in earlier days, this time the railway budget has been decided.

This is the second Railway Budget Announce in 92 years. Taking responsibility for the security of the patrons, the government is announcing the budget. As our finance minister announces about the Rail Budget 2018-2019, we will update this page with all those highlights. Till then stay connected with us.

Predictions and Reality:

There were a lot of predictions so far that it would be included in the Railway Budget and it would be enclosed. Today, all the facts are coming out today that what things will be added and what changes will come.

Read about Benefits,Taxation: Budget 2018–19

Hence these were the Highlights of Railway Budget India 2018-19. If you have any suggestion or query regarding the updates available then you may mention your comments in below given comment box.

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