New Delhi, Feb 25: Railway Minister Suresh Prabhu is presenting Railway Budget 2016 in Lok Sabha. The live streaming of Railway Minister Suresh Prabhu’s speech on Railway Budget 2016 can be watched here. The Railway Budget 2016 will highlight the use of technology for improving services, including catering for passengers, as Suresh Prabhu is keen to improve food quality on rail premises. He will also give details about the concerted efforts being undertaken by the railways to keep stations and trains clean and environment-friendly in his second budget speech in Parliament. Also Read - Railway Panel Mulling Flexi-Fares For Suburban Railways

The Railway Budget 2016 is expected to focus on massive capacity creation in the rail sector with an increased outlay of about Rs 1.25 lakh crore. Facing a decrease in earnings, announcement of new trains is unlikely for the second consecutive year. The Budget is expected to raise the passenger fare by 5 to 10 per cent. With the additional burden of Rs 32,000 crore towards implementing the 7th pay commission recommendations, Railway Ministry is planning to raise passengers fares. (Also Read- Railway Budget 2016 Live News Updates: Minister Suresh Prabhu to present second Rail Budget in Lok Sabha) Also Read - Kaifiyat Express Derailed: 5 Interesting Facts about the Daily Superfast Kaifiyat Express

The gross budgetary support for the 2015-16 has also been slashed by Rs 8,000 crore by the Finance Ministry due to low spending by the Railways. The railways have earned Rs 136,079.26 crore as against the target of Rs 141,416.05 crore, a decline of 3.77 per cent. The railways will press into service many special trains on higher fares, which is an indirect way of raising fares. (Also Read- Railway Budget 2016: Suresh Prabhu to announce new premium trains to bring back elite customers) Also Read - Ministry of Railways releases rate list of food items on Twitter

Watch Railway Minister Suresh Prabhu presenting Railway Budget 2016 below: