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Suresh Prabhu Chairs the First Meeting of Newly Constituted Advisory Board of Railway Finances

Dated:- 18-5-2015 - Shri Suresh Prabhu, Minister for Railways, chaired the first meeting of the newly constituted Advisory Board on financial matters at the Railway Ministry here today. The Minister of State for Railways Shri Manoj Sinha was specially presented on the occasion. Chairman, Railway Board, Shri A.K.Mital and Members of the Railway Board, other senior officers of the Ministry and Managing Director, IRFC attended the meeting. The member of the Advisory Committee presented on the occas .....

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ailway infrastructure development. In his first ever Budget, Shri Prabhu had announced an investment of ₹ 8.5 lakh crore in Railways in the next 5 years. Immediately thereafter, the Ministry signed a MOU with LIC of India for a funding assistance of ₹ 1,50,000 crore to be drawn over the next 5 years. The Annual Plan size for 2015-16 was also doubled to cross ₹ 1 lakh figure in 2015-16. Leading the discussion, Minister for Railways drew attention to the huge investment requireme .....

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