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Over Rs 50,000 crore spent on rail safety till August 31

Posted By: Doraiah Vundavally October 24, 2017

Over Rs 50,000 crore spent on rail safety till August 31New Delhi, Oct 24 (IANS) The government on Tuesday said it has spent over Rs 50,000 crore out of a total outlay of Rs 1.31 lakh crore on rail safety in this fiscal.

The government has planned a capital expenditure outlay of Rs 131,000 crore for railway safety in 2017-18, of which it spent Rs 50,762 crore till August 31, Finance Secretary Ashok Lavasa told reporters after a Union Cabinet meeting.

The government in its Budget this year announced a special safety fund of Rs 1.31 lakh crore for Indian Railways.

 

Lavasa said the pace of laying new railway tracks had been hastened from 380 km in 2014-15 to 953 km in 2016-17.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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Over Rs 50,000 crore spent on rail safety till August 31

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.