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of <h1>Indian Railways Plan Budget Increases by 52% for 2015-16; New Financing Cell to Mobilize Resources.</h1> The Union Railway Minister announced a 52% increase in the Plan Budget for the Indian Railways, raising it from Rs. 65,798 crore in 2014-15 to Rs. 1,00,011 crore in 2015-16. The budget will be supported by 41.6% from the Central Government and 17.8% from internal generation. A new Financing Cell will be established to seek expert advice for mobilizing extra-budgetary resources. The Railways plan to finance projects through market borrowings, tapping into low-cost long-term funds from insurance, pension funds, and international agencies. New investment vehicles will be created to attract long-term institutional investors, and assets will be monetized rather than sold.
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