Railway focus on mobilization of capital from monitization: Piyush Goyal

Railway Minister Piyush Goyal said that without giving detailed information about the budget allocation for the Railways, he said that the allocation for the budget will be satisfied with that.

New Delhi: Railway Minister Piyush Goyal today said that if any amount is allocated for the Railway in the upcoming budget, then he will be satisfied. With the aim of financing the expenditure through monetization of railway properties, there is hope for getting some funds in this budget for the ongoing railway.

Railway Minister Piyush Goyal said that without giving detailed information about the budget allocation for the Railways, he said that the allocation for the budget will be satisfied with that. He said, "Frankly, we do not need all these things because we have an aggressive plan to mobilize monetization of railway properties."

Last year, the Railway Budget was mixed with the general budget.
It is noteworth that last year the Railway Budget has been merged with the general budget. Now the Railway Budget is not presented separately. He said that the government is planning to make some changes in the existing guidelines regarding use of land and station etc. This includes increasing the period of lease from 45 years to 99 years.

Piyush Goyal said, "One concern of the developers was regarding the process of clearance so that we are bringing new guidelines for imposing penalties for the delay of every day in the approval of the Railways." He said that this will increase the trust of the investors and the Railways The dependence on the budget will be over.

Regarding the plans for the Indian Railway Finance Corporation to be listed in the stock market, he said that the company is planning to start business in new areas in the coming days, which will improve its evaluation