More reports on: Economy - general

Railway Budget highlights

08 July 2014

Here are the highlights of the railway minister's Railway Budget speech being delivered in the Lok Sabha

Railway finances

  • Gross traffic receipts in 2013-14 was Rs 12,35,558 crore; operating ratio was 94 per cent
  • Indian Railways spent Rs 41,000 crore on laying of 3,700 km of new lines in last 10 years
  • FY15 Total Expenditure Pegged At Rs.1.49 lakh crore
  • FY15 total receipts pegged at Rs.1.64  lakh crore
  • Propose to hike budgetary plan outlay to Rs.47,650 crore
  • FY15 passenger fare revenue pegged at Rs.44,600 crore
  • Large part of the budget outlay to go to safety projects
  • Maximum finabcial outlays for projects slated for completion in this area itself
  • High priority areas - safety, cleanliness, passenger amenities and capacity augmentation
  • Pre-cooked meals by reputed brands, focus on cleanliness and passenger feedback
  • Outsource cleaning activities at 50 major stations, separate housekeeping wing for cleanliness and sanitation
  • CCTVs to be used for monitoring cleanliness
  • R-O drinking water  at stations and trains
  • Corporates encouraged to adopt stations for better maintenance and upkeep
  • 23 projects underway in North-East. Propose to allocate higher funds than previous year for these

Parcel Traffic, Carrying Milk and Veggies

  • Parcel traffic separated to requisite terminals, dedicated trains running on fixed timetable
  • New design of parcel vans -- measures taken in order to improve earnings from the parcel system
  • Special initiatives via the PPP mode for transport of fruits and vegetables and milk
  • bio-diesel upto 5% to be used in diesel locomotives

Reservation system will be revamped

  • Railways to scale down market borrowings to Rs. 11,790 crore
  • Reservation system will be revamped and ticket-booking through mobile phones and     post offices to be popularised
  • Wi-fi Services  in all A Category stations and trains
  • To Have Diamond Quadrilateral Network for High-speed Trains
  • Allocated Rs. 100 crore For High- Speed Rail Network
  • Digital Reservation Charts at stations

Bullet Trains

  • Indian Railways on course to fulfill its long cherished dream. I propose a Bullet train on the Ahmedabad- Mumbai sector.
  • Higher speed for existing trains will be achieved by upgrading the present network
  • Railways plans to increase speed of trains to 160 to 200 km per hour in nine select sectors.

Safety for Women Passengers

  • 17,000 Railway Protection Force personnel to be available soon
  • Introduction of women RPF constables, coaches meant for women to be escorted for greater safety

Increased Funds for Passenger Amenities and Cleanliness

  • Future projects to be financed on public-private partnership model
  • Plans to attract investment from domestic and foreign players in infrastructure; focus to be on aggressive indigenisation

 search domain-b