Budget 2021: Railways has been set on track to raise revenues, meet expenses, invest in infrastructure
Synopsis
NRP was realistic about the difficulties of financing the bulk of capital expenditure over the coming decade through budgetary resources alone, while stressing the need for extra budgetary resources, including private sector participation and asset sales.
The result of not having a separate railway budget any more is that there is considerably less focus on this absolutely economically crucial sector of the economy compared to before. So, Finance Minister Nirmala Sitharaman’s announcement of a ‘record’ ₹1.1 lakh crore allocation to the railways, the bulk of it to be spent on capital expenditure, has not got the attention it probably deserved.The outlay follows on the heels of a range of other
BY
Vinayak Chatterjee
ET CONTRIBUTORS
6 mins read, Last Updated:
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