Suresh Prabhu to present Railway Budget 2016 in Parliament today

Railway Minister Suresh Prabhu is all set to present his second Railway Budget 2016 in the Parliament on Thursday.

People's expectations are high about the announcement of new trains and improvement in passenger amenities. Besides, railway finances have come under tremendous strain as passenger fares were not hiked in the last budget and the minister faces a dilemma whether to raise fares and freight rates.

The railways have earned over Rs 136,079 crore as against the target of Rs 141,416 crore during April-January, a decline of 3.77%.

ALSO READ: Railway Budget 2016: Freight rates may be spared

Talking to reporters after giving finishing touches to the budget on Wednesday, Prabhu said the Railway Budget 2016 will cater to the needs of all satisfactorily as a lot of effort has gone into its preparation.

It has been prepared in the interest of the nation and the railways taking into considerations the ground reality consideration before finalising it, he added.

The Indian Railways has started a new micro-site for latest updates and live budget watch.