Lok Sabha passed the Railway Appropriation Bills and supplementary demands for grants this year.
The total proposed outlay for 2017-218 is INR 131,000 crore. This marks an 8 percent increase from the 2016-2017 budget estimate of INR 121,000 crore.
Railway revenue for 2017-2018 is estimated at INR 178,350 crore recording a 9 percent increase from revised estimates of 2016-2017.
The total revenue in 2016-2017 undershot budget estimates by INR 6300 crore.
The House also passed Railways supplementary demands for grants 2016-2017 and the demands for excess grants for 2013-2014.
Railway finances were presented along with the Union Budget. This is the first time since 1924 that the Railway Budget was merged with the Union Budget.
Lok Sabha: Know More- Speaker: Sumitra Mahajan, BJP (Since 6 June 2014)
- Deputy Speaker: M. Thambidurai, AIADMK (Since 13 August 2014)
- Leader of the House: Narendra Modi, BJP (Since 26 May 2014)
