Increase In Infrastructure Allocation by 80% To Rs 3.96 Lakh Crore But There's A Catch

With a focus on boosting the economy by spending more on the infrastructure, finance minister Arun Jaitley in his budget for 2017-18 allocated Rs 3.96 lakh crore for the sector which is an 80% increase over last year's allocation of Rs 2.21 lakh crore. However, a major hike under the infrastructure allocation is also due to the merger of the Railways budget with the general budget from the current financial year. An amount of  Rs 55,...