Merged with the union budget in a historic reform measure in 2017, the railway budget for financial year 201819 is all set to be presented by union finance minister arun jaitley in the parliament. The analysis which has been done by our team looks at both the macro implications of the proposals as well as the impact on various sectors. Union budget 201819 live updates highlights pdf download. In 201617 and 201718, the ministry has fallen behind its targets. At least 25 train stations are expected to be awarded during 201718 7.
What are the pros and cons of merging the railway budget with. Union budget 201516 india, indian union budget 201516, pdf. After railway minister suresh prabhu presented his maiden budget, prime minister narendra modi tweeted. Union budget 201516 gives a boost to major initiatives of government. With regard to expenditure, the total expenditure is estimated to rise by 5. Feb 01, 2017 click here to download latest union budget 201819 the union budget is the annual report of india. The union railway budget for 201516 was presented by mr suresh prabhu, union minister for railways, government of india, on february 26.
The railway budget has been presented separately from the general budget since 1924. The 92year old custom of presenting railway budget and general budget separately was eliminated by modi government on 21 september, 2016 as last year, finance minister arun. The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following. Union budget 201516 india, indian union budget 201516. Union minister for finance shri arun jaitley on 28th february presented in parliament the union budget 201516, with a focus on growth. This is expected to open up new jobs for the youth 6. Railway budget 2017 indian railway budget 20172018 news. Treasury took this step because he had to spend large amounts of money. Interestingly there are no new trains announced by the rail minister suresh prabhu in his first rail budget 201516. Compiled by cbga from budget at a glance, union budget documents, various years. We can expect questions from this document for the next one year. Insight railway budget 2017 pdf download highlights of. Agricultural budget, basic budget, important points, pension for senior citizens, changes made by the budget committee.
On its way toward 360 transformation rail budget 201617 continued to cover every aspect of the railway ecosystem. Here are the highlights of the rail budget 2015 you can download pdf version of the same from here there is no increase in passsenger rail fares. The second part is todays budget for the year 2015 16. Railway budget 201617 live rail budget 20162017 download hindi english pdf meanwhile, support for the overall financial allocation for railways 2015 16 year treasury reduced rs. After the presentation of the union budget, fm arun jaitley will hold a press conference. Key to budget documents pdf file opens in a new window. Ir to become prime mover of economy once again 2 resource mobilization for higher. Devolution of resources to states in terms of resources transferred to states, while the. Live india budget 2016 news coverage online, highlights of union budget 201617, income tax slab, fdi, fiscal policy, gst bill by finance minister arun. It contains the government of indias revenue and expenditure for the end of a particular fiscal year, which runs from april 1 to march 31, but this time it is presented earlier on 1 feb 2017. Salient features of indian railway budget 201819 indian. By 2019, all coaches of the indian railways will be fitted with bio.
Major highlights of proposed tax slab for ay 201819. We will update the pdf file of 2018 budget when the budget sessions are completed. Union finance minister arun jaitley will present the union budget, rail budget 2018 at 11 am in parliament. We hope the government will be able to meet the set target in the fiscal year 201516. It contains the government of indias revenue and expenditure for the end of a particular fiscal year, which runs from april 1 to march 31. Finance minister arun jaitley on saturday presented his maiden fullyear budget for the 201516 financial year in the lok sabha. The rail budget for 201516 has proposed a plan out lay of rs 1,00,011 crore, over one and a half times the outlay of rs 65,798 crore in the revised estimates for the current fiscal. The budget was presented by the railway minister suresh prabhu in the parliament on 25 february 2016. As majority of the focus continues on the common man, providing amenities and enriching quality of journey remained at the core of the overall discussion. Railway budget for 201516 on 26th of february, 2015. In 201516, too, the railway exceeded its target of 2,500 kms by renewing 2,794 kms. Merged with the union budget in a historic reform measure in 2017, the railway budget for financial year 201819 is all set to be presented by union finance minister arun jaitley in. Speech of the minister for railways 2015 16 in hindi speech of the minister for railways 2015 16 in english budget of the railway revenue and expenditure of the central government for 2015 16.
Major features in a nutshell the railways minister has not increased the passenger fares. In 192021, a ten memberacworth committee recommended to the british officials that the railway budget be separated. Union finance minister arun jaitley announced the following highlights in the rail budget. New india budget to transform railways into a modern, safe, green, affordable and comfortable mode of transport drastically scaling up investments by almost three times to rs 1,48,528 cr.
Live budget news et brings you 360 degree coverage of the budget 2015 16. India union budget 201718 news, highlights and live updates union budget 2017 at indiatv. Amrut mahotsav the year 2022, 75th year of independence vision for team india led by pm. Kindly keep this document safely and please share this with your friends. Union budget 201516 is special as this is the first budget after the creation of national institution of transforming india niti and acceptance of 14th finance commissions ffc recommendation of substantially higher devolution of union taxes to states. Indian railway budget 201516, rail budget highlights, pdf, india. The report stated that as the size of the railway budget has shrunken when compared to the overall genera.
Click here to download latest union budget 201819 the union budget is the annual report of india. The union budget for 2015 16 has been announced by mr arun jaitley, union minister for finance, government of india, in parliament on february 28, 2015. Brief summary, financial, general, family, it latest update. The first in the series is the white paper that has been placed today for the information of the house. Gross domestic product gdp growth of india for 201516 projected between 88. It was the final railway budget of india as after this budget, the railway budget got merged with the union budget of india. Reminiscent of the previous budget, the emphasis was on transforming. Nitin gadkari, the transport minister called the budget reformative. Jul 10, 2014 some finer points of railway budget 2014.
The indian railway budget 201516 has announced that the indian railways envisages investment of rs 8. Railway budget 201718 highlights and pdf file railway budget 2017 pdf download. The end of a separate rail budget will be a relief for the railways since it is facing an accumulated burden of a rs. The union budget for 201516 has been announced by mr arun jaitley, union minister for finance, government of india, in parliament on february 28, 2015. So, stay tuned to this page for pdf file of union budget 201819. Speech of the minister for railways 201516 in hindi speech of the minister for railways 201516 in english budget of the railway revenue and expenditure of the central government for 201516. Gross domestic product gdp growth of india for 2015 16 projected between 88.
Indian railway budget 201516, rail budget highlights, pdf. Indian rail budget 2017 18 analysis and highlights pdf download. Theme of the budget overcoming challenges reorganize, restructure rejuvenate indian railways. Indian rail budget 2017 18 analysis and highlights pdf download indian rail budget this year the budget 2017 is unique not only because of the fact that it has been preponed to february 1, but also because it will include the railway budget. Live india budget 2016 news coverage online, highlights of union budget 201617, income tax slab, fdi, fiscal policy, gst bill by finance minister arun jaitely. Users can find all relevant documents related to the indian rail budget 201516. We hope the government will be able to meet the set target in the fiscal year 2015 16. Why railway budget is more important than union budget. Feb 01, 2017 this is expected to open up new jobs for the youth 6. The niti aayog committee headed by bibek debroy noted that a separate railway budget was just an annual ritual that should be done away with.
Macroeconomic framework for the relevant financial year. Union budget of india 201516 highlights and analysis clear ias. Highlights of the railway budget 201617 theme of the budget. Suresh prabhu to rely on main budget, jvs to put railways on track an acrosstheboard hike is unlikely since passenger growth has been negative and even freight has not grown as per expectations, one official said. Why was rail budget presented separately from union budget. Chalo, milkar kuch naya karen three pillars of the strategy i. The rail budget for 2015 16 has proposed a plan out lay of rs 1,00,011 crore, over one and a half times the outlay of rs 65,798 crore in the revised estimates for the current fiscal. Rail budget 2015 is a forward looking, futuristic and passenger centric budget, combining a clear vision and a definite plan to achieve it. However, contrary to public expectations, he has not started any new train as well. Government extends freeze on rail fares to 2015 gov. Nav arjan new revenues, nav manak new norms, nav sanrachna new structures. Business standard offers exclusive live coverage on indian railway budget 2017. Railway budget 2018 live rail budget 201819 highlights. It includes the effect of railway budget union minister for finance shri arun jaitley on 28 th february presented in parliament the union budget 201516, with a focus on growth, promoting entrepreneurship and manufacturing, rationalizing tax regime and announcing some relief to common man.
Union budget niti aayog and finance commission recommendations. Rail safety fund with the corpus of rs 100,000 crore will be created over a period of five years. First, the union governments financial resources are themselves over stretched. After a long journey of economic reforms, amid subdued economic growth, challenging fiscal situation and farm distress, the budget endeavours to continue its focus on poverty, rural economy, healthcare, education. Get latest budget news, budget highlights, arun jaitleys budget speech, headlines on railway and union budget 2015 2016, budget impact, exclusive coverage of budget 2015 news, india union budget 2015 2016, budget. Chapter 3 rail project costs and financial considerations. Union budget of india 201819 highlights pdf cracku. Highlights of budget, union budget 2015 16, railway budget 2015, economic survey 2015. Madam speaker, this railway budget is part of a trilogy of documents that chart out our vision for the future. Gdp growth in 2015 16, projected to be between 8 to 8. Jan 22, 2018 in 2015 16, too, the railway exceeded its target of 2,500 kms by renewing 2,794 kms.
Highlights of the railway budget 201617 theme of the. The budget has been presented at the end of every financial year, giving us a road plan for the upcoming fiscal year. Memorandum explaining the provisions in the finance bill, 2015. You can find documents of rail budget highlights, speech of the minister, and other relevant documents of the budget. The union budget 201819 holds special significance being the first budget post the implementation of gst in july 2017. The budget 201718 has been marked by historic economic policy developments. Users can find all relevant documents related to the indian rail budget 2015 16. Union budget analysis 7 it may be noted that the government was able to meet just 50% of the budgeted amount for disinvestment in the year 201415.
Railway budget 201617 live rail budget 20162017 download hindi english pdf meanwhile, support for the overall financial allocation for railways 201516 year treasury reduced rs. Here are highlights finance minister arun jaitley announced in his. Sadananda gowda announced the first railway budget, under the modi regime. Presentation of the union budget 201718 budget 201718 not only subsumed the railway budget but was also advanced to 1 february to enable ministries to operationalise all activities from commencement of the fy on 1 april.
This effort of care has been part of our tradition to provide this analysis as soon as possible after. The declining expendituregdp ratio has had its consequences on overall social sector allocations which were reflected in the budgets placed in the previous two years. Tax free infrastructure bonds for the projects in the rail, road and irrigation sectors. We do hope to hence provide a comprehensive view of the budget which the reader should find useful. In 201617, the target for track renewal was 2,668 kms but the railway fell short by 181 kms and renewed only 2,487 kms. The key features of the union budget 201516 can be accessed as a pdf 274 kb through the.