The Centre has proposed a borrowing of ₹55,471 crore for Indian Railway Finance Corporation (IRFC), the finance arm of the Railways, for FY20.

Of this, about ₹29,031 crore is proposed to be used for buying rolling stock, and the remaining for infrastructure.

Meanwhile, the Railways has lowered IRFC's borrowing target for the present fiscal to ₹52,297 crore from ₹54,940 crore.

It is still is a sharp jump from the ₹33,382 crore raised in FY18.

The Budget did not hover much on the fate of the Railways’ public sector units that were lined for a listing on the bourses but have not made it yet — IRCTC and RVNL.