Railways gets Rs 1 31 lakh crore for development

Finance Minister Arun Jaitley on Wednesday proposed to allocate Rs 131,000 crore as capital and development expenditure for the Indian railways during fiscal 2017-18. The Union budget emphasised on providing railway passengers with better amenities and more safety, as Jaitley announced a special 'Rail Safety Fund' of Rs one lakh crore, which was earlier announced in 2002 by the Atal Bihari Vajpayee government.