FM announces Rs 18,000 crore scheme for public transport in urban areas

 The government on Monday announced a Rs 18,000 crore scheme to augment public transport in urban areas

The government on Monday announced a Rs 18,000 crore scheme to augment public transport in urban areas.

In the first paperless Union Budget, Finance Minister Nirmala Sitharaman said there will be 100 per cent electrification of broad gauge rail tracks by December 2023.

She also said a record Rs 1,10,055 crore will be provided for railways, of which Rs 1,07,100 crore will be for capital expenditure in 2021-22.

Finance Minister Nirmala Sitharaman on Monday proposed to increase the capital expenditure to Rs 5.54 trillion in the financial year starting April 1, 2021.

Unveiling the Budget 2021-22 in the Lok Sabha, she announced raising the capital expenditure to Rs 5.54 trillion from the revised estimate of Rs 4.39 trillion in the current financial year.

The Budget estimate of capital expenditure for FY2020-21 was Rs 4.12 trillion.