Rail Budget 2016: Plan size increased by Rs 21,000 cr

The Indian Rail Budget 2016 has fixed a plan size of Rs 1.21 lakh crore for FY2016-17, almost Rs 21,000 crore more than 2015-16, which it hopes to finance largely through extra-budgetary sources such as joint ventures with states, developing new frameworks for PPP etc. as little is expected from the Gross Budgetary Support (GBS). The GBS for FY2017 which has been pegged at Rs 40,000 crore, same as 2015-16. Read More