Published on 20/03/2017 4:14:13 PM | Source: Dion Global Solutions Ltd.
Lok Sabha passes Railways Appropriation Bills, supplementary Demands for Grants
The Lok Sabha today passed Railway Appropriation Bills and supplementary Demands for Grants for this year, reported PTI. The total proposed outlay for 2017-18 is Rs 1,31,000 crore which is an 8 per cent increase from the 2016-17 budget estimates of Rs 1,21,000 crore. The Railways' revenue for 2017-18 is estimated at Rs 1,78,350 crore, recording a 9 per cent increase from the revised estimates of 2016-17.
The total revenue in 2016-17 undershot budget estimates by Rs 6,300 crore, according to PRS Legislative Research. The House also passed Railways' supplementary Demands for Grants 2016-17 as well as the Demands for Excess Grants for 2013-14. The Railways' finances were presented Finance Minister Arun Jaitley along with the Union Budget 2017-18. This was the first time since 1924 that the Railway Budget was merged with the Union Budget.