Union Railway Ministry to set up Rs 1 lakh crore Rashtriya Rail Sanraksha Kosh

Posted on:27 Apr 2016 09:44:15

Union Railway Ministry to set up Rs 1 lakh crore Rashtriya Rail Sanraksha Kosh
27 April 2016 Current Affairs: The Union Railway Ministry has decided to create a 1 lakh crore rupees safety fund named Rashtriya Rail Sanraksha Kosh to strengthen safety measures on the rail network to prevent accidents. It was announced by Union Railway Minister Suresh Prabhu in the Lok Sabha while replying to a debate on Demands for Grants for Railways for 2016-17. In this regard Union Railway Ministry has forwarded a proposal to the Union Finance Ministry for approval.

The Rashtriya Rail Sanraksha Kosh will be a non-lapsable fund which will be utilised for safety measures. The fund will help Indian Railways to accomplish its zero-accident mission by strengthening the safety measures on the rail network in a comprehensive way. Under this fund, envisaged works like track renewal and upgradation, bridge rehabilitation, elimination of level-crossings, construction of road over bridges/road under bridges will be under taken. It will be also used for replacement and improvement of signalling system, improvement and upgradation of rolling stock, replacement of electrical assets and human resource development.


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs May 2017

27 MAY
NEWS
26 MAY
NEWS
25 MAY
NEWS
24 MAY
NEWS

Current Affairs April 2017

29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS
26 APRIL
NEWS

Current Affairs March 2017

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