Railway minister Sadananda Gowda is likely to announce 100% FDI and a more investor-friendly PPP model for the sector in his maiden budget.In a meeting with finance minister Arun Jaitley on Tuesday, the minister discussed steps to boost railway's revenue receipts. According to sources, Gowda has also asked for a hike in the gross budgetary support (GBS) in the coming general Budget by almost Rs 10,000 crore to Rs 40,000 crore. The GBS was put at Rs 30,000 crore in the interim Budget. The issue of fare hike was also discussed in the meeting, sources said.
Source : http://www.financialexpress.com/news/rail-infra-may-get-100-fdi-push/1261759
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