Railways Asks For Gross Budgetary Support Of INR 50,000 Crores
Saturday, January 21, 2017, 1:17 PM
The Railway Ministry has asked for a Gross Budgetary Support of INR 50,000 crores for 2017-18. The Finance Ministry is likely to agree for only INR 40,000-45,000 crores. Gross Budgetary Support of INR 40,000 crores was announced in the Rail Budget 2015-16. However, the Finance Ministry for the current year had slashed it to INR 28,000 crores, citing slow pace of spending.