The Minister of Railways, Mr. Suresh Prabhu, presented the Railways Budget 2016-17 to Parliament on February 25, 2016. In his address, he assessed the performance of Railways in 2015-16 and laid out his budget proposals for 2016-17. This note gives an overview of Railways’ finances, and the changes from the 2015-16 Budget to the 2016-17 Budget estimates.