Railways shows record high capital expenditure of Rs 94000 crore in 2015-16

Posted on:23 Apr 2016 18:23:08

Railways shows record high capital expenditure of Rs 94000 crore in 2015-16
23 April 2016 Current Affairs GK: Under pressure to step up capital expenditure to boost the economy, railways have finished the financial year 2015-16 with a record high capex of Rs 94,000 crore, an increase of Rs 37,000 crore over the previous year.

Railways have set a target of Rs 1.5 lakh crore capital expenditure for the current fiscal. Happy with the performance of the railway ministry, Prime Minister Narendra Modi is believed to have assured an enhanced Gross Budgetary Support (GBS) of up to Rs 60,000 crore if it continues the trend. 

The Centre had earlier announced a GBS of Rs 40,000 crore for the railways in 2016-17, same as the year before. However, in November last, the finance ministry had slashed Rs 8,000 from the Rs 40,000 crore GBS, citing low spending by the railways in the first six months of the fiscal. Railway ministry was important in the Centre's scheme of things to shore up public investment, create infrastructure and revive the economy. 

 

Gk Current Affairs April 2017

24 APRIL
NEWS
22 APRIL
NEWS
21 APRIL
NEWS
20 APRIL
NEWS

Gk Current Affairs March 2017

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS

Gk Current Affairs February 2017

28 FEBRUARY
NEWS
27 FEBRUARY
NEWS
25 FEBRUARY
NEWS
24 FEBRUARY
NEWS




Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.

Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.