More funds are pouring in for Railways’ infrastructure
The central government is spending huge amount of money in order to modernize the railway infrastructure in the country. Railways Minister Suresh Prabhu told that the government is going to invest even more in railways this year as compared to the previous.
“Railways used to put Rs 30,000- Rs 40,000 crore in a year into railway infrastructure...We increase the investment to Rs 1 lakh crore....almost Rs 3 lakh crore has been invested in the span of two-and-half years,” he said.
These investments are additional to whatever the ministry allocates in the budget and by giving contracts to different agencies. These huge investments and new indirect tax regime Goods and Services Tax (GST) would help in spurring the economic growth of the country.
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