Railway budget highlights 201516 bjp modi governments goals for railway budget 201516 suresh prabhu presented the railway budget 201516 on 26th february 2015, which is the first full budget of the bjp modi government. Key features of railway budget 2015 india news,the. The budget primarily focused on improving passenger amenities by providing 11 major. Total expenditure for 201617 is projected at rs 1,71,060 crore which is a % increase from the revised estimates of 201516. Budget pragmatic, will reignite growth, says modi union budget 201516. Indian railway budget speech 201516 speech of shri suresh. Please find below the extract of government notification. In the railway budget, in every year railway budget submission many rail projects were announced, all projects are not come into operation implementation. General budget which gives an overall picture of financial position of the government of india. Budget proposals to mark beginning of a five year action plan to transform the railways.
Expansion of rail capacity is one of the highlights of the 201515 railway budget, presented in parliament today by. Gross domestic product gdp growth of india for 201516 projected between 8. We plan to introduce 24hour weekend services on certain parts of the london overground from 2017 and on the dlr from 2021. This document has been updated with details of the announcements and other key features of the rail budget. The first budget of the current government announced in july 2014 was growth oriented and set a positive tone by emphasizing the need for tackling the most pressing macroeconomic challenges being faced by the nation. Indian railway budget highlight was given here for your reference. Pending railway projects in ap and telangana hmtv news duration. List of expected gk questions from railway budget 201516. Rail budget 2015 live update and railway budget highlights. End financial report reflects the tremendous capital activity that occurred through the year, the proposed annual budget for fy 2015.
The proposals contained in this budget should, therefore, be seen as the beginning of a five year action plan to transform the railways. Union budget 201516 speech by finance minister shri arun jaitley duration. The government in july 2016 announced the merger of railway budget with the union budget. The budget was presented by the railway minister suresh prabhu in the parliament on 25 february 2016. It was the final railway budget of india as after this budget, the railway budget got merged with the union budget of india. The budget was presented by the railway minister suresh prabhu in the parliament on 26 february 2015 summary. Highlights of the railway budget 201516 the hindu centre. Highlights from railway budget 201516 current affairs today. Import excise duty changes as per budget 201516 under hs code chapter 87 vehicles other than railway or tramway rolling stock. Railway budget of india railway budget highlights 2016.
Railway minister suresh prabhu gathered around by the. Railway minister suresh prabhus speech introducing the. The highlights of the railway budget 201516, as provided by the ministry of railways, can be accessed as a pdf 296 kb through the following link. Indian railway budget speech 201516 speech of shri suresh prabhakar prabhu introducing the railway budget for 201516 on 26th of february, 2015 madam speaker, 1. Union railway minister of modi government presented their railway budget today.
In addition a new rating strategy featuring differential rates will raise an additional 0. I rise to present before this august house the statement of. However, contrary to public expectations, he has not started any new train as well. Pdf download of railway budget 2015 pdf download of railway budget 2015. Budget 2015 live india budget news, union budget 201516. Significant support from budgetary resources exhibit 8. Indian railway budget 201516, rail budget highlights, pdf.
This will be followed by a vision2030 document that we intend to bring out later this year. Transfer of resources to states and union territories with legislature. Full text of indian railway budget speech 201516 the. Union budget 201516 gives a boost to major initiatives of government. Budget estimates 201516 details in appendix in 201516, the railways surplus is expected to increase by 96% to rs 14,266 crore thereby decreasing the operating ratio to 88.
Most of this capex will be dedicated to capacity creation. The budget looked somewhat peoplefriendly as there was no hike in the passenger fare and freight rates despite the fact that the department has been facing a revenue crisis. The indian railway budget 201516 has announced that the indian railways envisages investment of rs 8. The rail budget for 201516 has proposed a plan out lay of rs 1,00,011 crore, over one and a half times the outlay of rs 65,798 crore in the revised estimates for the current fiscal. Users can access details related to railway budget, budget speech, budget highlights, budget statement, outcome budget, budget order, etc. Watch union budget 2018 live union budget 1819, download india budget 201819 pdf. Union budget 201516 india, indian union budget 201516.
Pti union railway minister suresh prabhu on thursday smartly avoided controversy while presenting the rail budget by not increasing the passenger fares. Major features in a nutshell the railways minister has not increased the passenger fares. It includes the effect of railway budget union minister for finance shri arun jaitley on 28 th february presented in parliament the union budget 201516, with a focus on growth, promoting entrepreneurship and manufacturing, rationalizing tax regime. Reminiscent of the previous budget, the emphasis was on transforming the indian railways ir as an organisation by proposing to separate policy and operational functions of the railway board. Railway minister suresh prabhu presented the railway budget 201516 in the lok sabha on thursday. Rail budget 201516 highlights pdf download thursday, february 26. The railway ministers speech introducing the railway budget can be accessed as a pdf document 371 kb through the following link. I rise to present before this august house the statement of estimated receipts and expenditure for 201516 for indian railways.
The list of expected gk questions from the railway budget 201516 was given below. Central railway budget will be submitted in parliament on february 25, 2016 by railway minister suresh prabhu. Live budget news et brings you 360 degree coverage of the budget 201617. As majority of the focus continues on the common man, providing amenities and enriching quality of journey remained at the core of the overall discussion. The union budget for 201516 has been announced by mr arun jaitley, union minister for finance, government of india, in parliament on february 28, 2015. As per indian budget 201516, the following excise import duty changes have been declared under import of vehicles other than railway or tramway rolling stock. The budget was given in ebook form for the year of 201516. Prior to the announcement of railway budget 201516, many news channels revealed that this years budget may be the last railway budget as government may club the railway budget with the general budget form the next financial year.
While, the freight fares have been raised incase of urea by 10%, iron and steel by 0. Click here for full text of indian railway budget speech 201516. Smoking, eating out, air travel to be costlier manufacturing sector neglected. Budget 2015 live budget coverage online, union budget 201516, key points and highlights of india budget 2015, income tax slab, fdi by finance minister arun jaitely. Stocks of companies dependent on indian railways surge ahead of the presentation of the railway budget 201516. In 201516, revenue from traffic decreased from budget estimates by 9%.
Indian union budget 201516, excise duty changes under. Rdso to develop a suitable device with reliable power supply system. Indian railway budget 201516, rail budget highlights, pdf, india. Railway budget 2018 live rail budget 201819 highlights. Highlights of railway budget 2015 16 linkedin slideshare. Get latest budget news, budget highlights, arun jaitleys budget speech, headlines on railway and union budget 20162017, budget impact, exclusive coverage of budget 2016 news, india union budget 20162017, budget. Here are some of the highlights of the rail budget 2015. Union minister of railways suresh prabhu presented the railway budget 201516 on 26 february 2015, which was the first full railway budget of the bjp modi government. Highlights of budget, union budget 201617, railway budget 2016, economic survey 2016. Estimated receipts and expenditure for 201516 for indian. Union railway minister suresh prabhu on 26 february 2015 presented the railway budget 201516 in the parliament. Proposed investment plan 20152019 item amount rs in crore. Here are the highlights of the rail budget 2015 you can download pdf version of the same from here there is no increase in passsenger rail fares.
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