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Railways to save Rs.10,000 cr after budget merger
01 Oct 2016
CW Staff
Cash-strapped Railways will save about Rs 10,000 crore annually as it will no longer have to pay dividend once the separate Rail Budget is scrapped, which is likely to happen from the next financial year (FY). Railways pays about Rs 10,000 crore as dividend a year after getting about Rs 40,000 crore.
Contact: Railway ministry.
Website: www.indianrailways.gov.in
Contact: Railway ministry.
Website: www.indianrailways.gov.in
Cash-strapped Railways will save about Rs 10,000 crore annually as it will no longer have to pay dividend once the separate Rail Budget is scrapped, which is likely to happen from the next financial year (FY). Railways pays about Rs 10,000 crore as dividend a year after getting about Rs 40,000 crore. Contact: Railway ministry. Website: www.indianrailways.gov.in
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