Railway Budget 2014 - Highlights: Sadananda Gowda begins Budget speech in Parliament Sadananda Gowda presents his maiden Rail Budget Railways will play a role in building a dynamic India Railways is the microcosm of India on the move Every citizen of India is rushing to connect with Indian Railways Propose FY15 market borrowing at Rs 11,790 crore Proposes FY15 market borrowing at Rs 11,790 cr Flooded with requests for new trains Target to become the largest freight carrier of the world Trains that run in India are capable to move the entire population of Australia. We carry 23 million passengers a day, over 1 billion tonnes of freight every year Target to become largest freight carrier in the world We spend 94 paise on every one rupee earned Four projects are 30 years old which are yet incomplete Require Rs 5 lakh cr to complete ongoing projects FY14 Gross Traffic Receipt at Rs 1.39 lakh crore FY14 operating ratio at 94%; 6% is surplus FY15 Estimate for surplus seen at Rs 602 crore Rail Traffic Policy lacked rational approach Of the 676 projects sanctioned, only 356 remain completed Bore 23 paise/passenger each km as loss in FY14 Railways will play a role in building a dynamic India Social obligation of Railways in 2013-14 was Rs 20,000 crore: Sadananda Gowda Prudent efforts should have been made to bridge the tariff inequalities: Railway Minister Sadananda Gowda Spent Rs 41,000 cr on laying 3,700 km new lines in 10 years Recent fare revision to net Rs 8,000 cr to Railways Gross traffic receipts in 2013-14 was Rs 12,35,558 crore; operating ratio was 94 per cent, says Sadananda Gowda presenting Need Rs 9Lk cr for funding Diamond Quadrilateral Spent Rs18,400 cr on doubling 5,050 km tracks in 10 years Seeking Cabinet nod to allow FDI in Railway Sector The Minister highlights the challenges faced by Railways. It is expected to earn like a commercial enterprise, but serve like a welfare org. Bulk of future projects to be financed via PPP route he Tariff Policy adopted lacked rational approach. Loss per passenger/km increased from 10 paisa/km (2000-01) to 23 paisa/km (2012-13) Passenger earnings fell short by Rs 968 cr vs estimates Had a surplus of Rs 3,783 crore last fiscal Surplus revenues declining. Hardly any resources for development works. Rs.5 Lakh Crore required for ongoing projects alone. FY14 Gross Traffic Receipts at Rs 1.39 lakh crore Passenger ticket sales at Rs 44,645 cr in FY 15 Aiming at 4.9 pct growth in freight traffic in FY 15 See 2% growth in passenger traffic in FY15 Require Rs 5 lakh cr to complete ongoing projects: Gowda Prioritising time lines to finish pending projects See Plan outlay at Rs 47,650 cr for FY15 Target to become worlds largest freight carrier: Gowda See FY15 freight loading at 1,101 mn tn Several railway projects remain incomplete, says Sadananda Gowda Food quality will be improved: Railway Minister Aim to become the largest freight carrier of the world: Gowda See pension provision at RS 28,850 cr in FY15 CCTVs to be use to monitor cleanliness Railway Minister Scales down FY15 IRFC market borrowing to Rs 11,790 cr Battery operated cars for handicapped and elderly on platforms To encourage corporates to adopt stations for improvement Computer workstations on select trains upon payment Providing Rs 1,785 cr for over, under bridges near tracks To introduce speedy clearances for new rail tracks Cleaning on 50 major stations to be outsourced, bio-toilets to be increased on trains Aim to spend Rs 40,000 cr to lay new track this fiscal Cleanliness is Godliness. Very high emphasis is given to improve cleanliness at stations & trains. Seeking Cabinet nod to allow FDI: Rail min Railway ticketing system to be revamped. Plan to book 7000 tickets per minutes as compared to present 2000 tickets per minute. Bulk of future projects to be financed via PPP route, says Sadananda Gowda E-ticketing to replace existing reservation system Ultrasonic rail detection units to ensure safety, 4000 women constables will be recruited in RPF Special e-ticketing system to be introduced, 1.2 lakh users can log in on railway sites: Sadananda Gowda RO drinking water units to be introduced at stations and in trains on an experimental basis-PIB India To launch high-speed rails to connect major cities To spend Rs 100 cr for high speed trains between metros To introduce bullet train between Mumbai-Ahmedabad Need periodic revision of passenger fares: Railway min To raise train speeds between several cities to 160-200 km/h To introduce large scale computerization of systems Paperless Railway office in five years, says Railway Minister To raise train speeds between several cities to 160-200 km/hr To raise train speeds between several cities to 160-200 km/hr Seeking Cabinet nod for FDI in Railways, says Sadananda Gowda To spend Rs 100 cr for high speed trains between metros Retiring room facility to be extended to all stations To introduce large scale computerisation of systems CCTVs to be used at stations for monitoring cleanliness at railway stations; third party inspections to be introduced Taken up connecting ports as priority via PPP mode To monetize land assets for commercial utilization Railway minister takes a dig at UPA govt Future E-Ticketing to support 7200 tickets per minute & to allow 120,000 simultaneous users. Powered by Sharekhan - MUST KNOW NEWS »View All Must Know News
Posted on: Tue, 08 Jul 2014 09:09:10 +0000
Trending Topics
Recently Viewed Topics
© 2015