Under Piyush Goyal, Indian Railways set to get safety stimulus

May use safety fund of Rs 1-lakh crore in two years

In what can be called a stimulus for safety-related works in railways, the Rs 1-lakh crore dedicated safety fund, which was expected to be used over five years may now be used in the next two years.

"For safety-related initiatives, we are never short of funds. The dedicated safety fund that was expected to be used over a time period of five years may well be spent in two years now, if required," railways minister Piyush Goyal said on Wednesday. He added that the government is also planning to restructure railways board by downsizing staff strength in Rail Bhawan to improve