Rail Budget 2016: ₹50 cr innovation fund set up
Presenting the Railway Budget 2016-17 in the Parliament on Thursday, Railway Minister Suresh Prabhu announced an innovation fund of ₹50 crore for startups and small firms working on technologies to benefit the Indian Railways. Prabhu also said drones will be used for remote monitoring of on-going projects and GPS-based digital displays will be installed in coaches for showing upcoming stations.