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By : Oneindia Video Team
Published : February 01, 2017, 02:29
Duration : 01:18

Budget 2017: No fare hikes in Railways, no service charge on tickets booked through IRCTC

Presenting a combined budget for the first time in 92 years, Finance Minister Arun Jatiley allocated Rs 55000-crore for the railways and said that the functional autonomy of the institution will be maintained. “Railways and roads are the lifeline of the country. The finance minister revealed that the railways will focus on major areas such as safety and cleanliness. He announced that the setting up of a Rs 1 lakh crore special fund, Rashtriya Rail Sanrakshan Kosh (RRSK), for a five-year safety upgrade. Unmanned level crossings will be eliminated by 2020, Jaitley said. He also said that the railways will usher in competitive ticketing facilities and withdrew the service charge on tickets booked through IRCTC. A new metro rail policy is also in the works, Jaitley revealed. Among other things, Jaitley said that 25 new railways stations will be developed and 500 stations will be equipped with lifts and escalators for the differently-abled.
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