Union Budget 2017: no hike in train fares, IRCTC to be listed

Ending a 92-year-old practice of presenting a separate Railway budget, Jaitley has presented a combined budget this year.

Union Budget 2017: no hike in train fares, IRCTC to be listed

Presenting the first Rail Budget subsumed in the General Budget, Union Finance Minister Arun Jaitley on Wednesday allocated Rs 55000-crore for the railways, ensuring focus on safety, speed and infrastructure development.

Ending a 92-year-old practice of presenting a separate Railway budget, Jaitley has presented a combined budget this year.

“Railways and roads are the lifeline of the country. Feel proud to present the first combined budget,”  Jaitley was quoted as saying.


Proposing no fare hikes for trains, the Minister said that the railways will offer competitive ticketing facilities and withdrew the service charge on tickets booked through IRCTC.

Announcing a Rs 1 lakh crore special fund, Rashtriya Rail Sanrakshan Kosh (RRSK), for a five-year safety upgrade, Jaitley said that the railways will focus on major areas such as safety and cleanliness.







According to the latest budget, the railways will see 25 new railways stations, while 500 stations will be equipped with lifts and escalators for the differently-abled.



Meanwhile, the Union Government has decided to list railway related state-run companies including IRCON and IRCTC on stock exchanges.