Union budget: Rs 4 lakh crore likely for rail, highways next fiscal

The highways and railway sectors are likely to get a combined budgetary allocation of over Rs 4 lakh crore, the highest ever. Both the ministries may see 20-30% increase in their allocation considering their track record in spending so far. During the current financial year, the Centre has allocated almost Rs 2 lakh crore for the road transport and highways ministry and going by the current trend of expenditure; the total spending is likely to touch Rs 2.1 lakh crore by March end.

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