2016 Railway budget of India: Difference between revisions
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Latest revision as of 03:36, 3 August 2024
2016 Railway budget of India
The 2016 Railway Budget of India, presented by Union Minister Suresh Prabhu on February 25, 2016, marked a significant milestone in the country's railway finance and infrastructure development. The budget outlined a comprehensive plan to enhance railway services, modernize infrastructure, and ensure passenger safety, with a focus on sustainability and financial viability. A key highlight was the introduction of the concept of dedicated freight corridors and improved passenger amenities through the allocation of â¹1.21 lakh crore (approximately $18 billion). The budget also aimed to attract private investment, promote technology upgrades, and enhance accountability, reflecting an ongoing effort to transform India's railway system into a more efficient, passenger-friendly, and profitable entity.