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LS passes Railways appropriation bills

Published on 20 Mar. 2017 11:15 PM IST
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The Lok Sabha on Monday passed Railway Appropriation Bills and supplementary demands for grants for this year.
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.

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