Tuesday, July 8, 2014

Rail Budget 2014-15 Highlights

The new government led by Prime Minister Narendra Modi Present its first budget.Union Minister for Railways D V Sadananda Gowda presented his maiden Budget on Tuesday.  Highlights of the Railway Budget 2014-15 are listed below:

Rail Budget 2014-15 Highlights
  •  Reservation system to be revamped, ticket-booking through mobile phones, post offices to be popularised
  • Bullet train on Mumbai-Ahmedabad Sector
  • Diamond quadrilateral for high speed trains
  • Online Ticket booking facility even for Platform Ticket and Unreserved Ticket
  • Target to become largest freight carrier in the world
  • Spend 94 paisa of every rupee earned, leaving a surplus of only 6 paisa
  • With 12,500 trains, railways move 23 million passengers every day; equivalent to moving Australia`s population
  • 4,000 women constables recruited in RPF to make travel in women`s coaches safer
  • Pre-cooked ready-to-eat meals to be introduced
  • Food courts to be introduced at major stations to provide regional flavour; pilot project on New Delhi-Amritsar and New Delhi-Jammu Tawi routes
  • Forty percent increase in expenditure on cleanliness; CCTVs to monitor cleanliness at stations
  • Special train on teachings of Swami Vivekananda
  • Receipts in 2014-15 estimated at Rs.164,374 crore, expenditure at Rs.149,176 crore 
  • Fare revision will bring in Rs.8,000 crore; need another Rs.9,000 crore for golden quadrilateral project
  • Backbone of supply chain of defence establishment
  • Carry one billion tonnes of freight every year
  • Decline in traffic growth in 2013-14
  • Would require Rs.5 lakh crores in 10 years for modernisation
  • Receipts in 2013-14 were Rs.139,550 crore; expenditure was Rs.130,321 crore
  • Spend 94 paisa of every rupee earned, leaving a surplus of only 6 paisa
  • With 12,500 trains, railways move 23 million passengers every day; equivalent to moving Australia`s population
  • Target to become largest freight carrier in the world
  •  Diamond quadrilateral to be launched for high-speed trains; Rs.100 crore allocated for taking project forward
  •  Trains on select routes to be speeded up to 160-200 km per hour
  • Ticketing to be further modernised to issue 7,200 tickets per minute
  •  Land records need to be digitised for better utilisation; PPP mode to be explored for better management and revenue
  •  Innovation Incubation Centre to be set up
  •  4,000 women constables recruited in RPF to make travel in women`s coaches safer
  •  Pre-cooked ready-to-eat meals to be introduced
  •  Food courts to be introduced at major stations to provide regional flavour; pilot project on New Delhi-Amritsar and New Delhi-Jammu Tawi routes
  •  Forty percent increase in expenditure on cleanliness; CCTVs to monitor cleanliness at stations
  •  Special train on teachings of Swami Vivekananda
  •  Receipts in 2014-15 estimated at Rs.164,374 crore, expenditure at Rs.149,176 crore 
  •  Fare revision will bring in Rs.8,000 crore; need another Rs.9,000 crore for golden quadrilateral project
  •  Backbone of supply chain of defence establishment
  •  Carry one billion tonnes of freight every year
  •  Decline in traffic growth in 2013-14
  •  Would require Rs.5 lakh crores in 10 years for modernisation
  • Receipts in 2013-14 were Rs.139,550 crore; expenditure was Rs.130,321 crore

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