(MENAFN- NewsBytes)
Railway Budget'18: Rs. 78,000cr to automate Indian Railways
31 Jan 2018
After 2017's historic reform of merging the two budgets, this year Railway Budget will be presented along with the Union Budget on February 1.
It is politically crucial, considering the upcoming assembly elections in eight states and 2019 Lok Sabha elections.
With controversies ranging from accidents to deteriorating quality of food, commuters have many complaints.
So, what can be expected from this year's budget?
How is the government planning to address safety concerns?
Safety
Regarding safety, the buzz is that modernization of the Indian Railways' entire signalling system, including automation, at a whopping cost of Rs. 78,000cr will probably be accepted at this year's budget.
This will also speed up trains' movement.
For better signalling, the Railways will introduce European Train Control System Level-2 and mobile train radio communication systems and increase the electronic interlocking systems.
What else is the Railways planning?
Other plans
Laying new lines, gauge conversion, track doubling and electrification will remain part of the budget.
Further, it will also pitch for the procurement of about 12L CCTV cameras. In this year's budget, it might shell out Rs. 3,000cr to install CCTV systems in 11,000 trains.
With the goal of eliminating all unmanned level-crossings by 2020, this year's target is around 5000 crossings.
But, does Railways have the money for such lofty goals?
Finance
Indian Railways is seriously strapped for funds. So, this year, it will make an effort to reduce working expenses, generate funds from internal resources/market and boost investment.
It may receive Rs. 65,000cr as gross budgetary support (GBS), an increase of Rs. 10,000cr from the last year's.
Further, last budget's Rs. 1Lcr Rashtriya Rail Sanrakshya Kosh will roll out Rs. 20,000cr this fiscal.
MENAFN3001201801650000ID1096410086
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.