Railway Budget 2014 Summary

Railway Minister D.V. Sadananda Gowda presents the NDA government’s maiden Rail Budget. Check out the long list of Raiway Budget 2014 summary.

 
Railway Budget Summary So Far

E-ticketing system to be improved to support 7200 tickets per minute as against 2000 tickets at present

Cleanliness is Godliness. HIGH emphasis is to be given to improve cleanliness at stations & trains.

Introduction of women RPF constables, coaches meant for women to be escorted for greater safety.

High-speed trains proposed to connect major cities

Railways to go PPP way to set up solar panels on the train roofs (PIB)

Total PPP investments in FY15 estimated at ₹6,005 c

Express trains and 4 premium express trains to be introduced. Bangalore to get suburban trains.

Important tourist destination Kodagu will get Railway facility.

Summer internships for under-graduates of engineering & management studies

Innovations Incubation Center to be set up to leverage talents, harness staff potential in creating new ideals

High speed trains on Kanpur-Nagpur, Mysore-Bangalore-Chennai.

To create urban transport infrastructure to boost traffic

To allocate ₹5,116 cr for projects in NorthEast

Aim to spend Rs 40,000 cr to lay new track this fiscal

RO drinking water units, mechanised laundry & outsourced cleaning activities to be introduced

94 paisa of every rupee earned is spent by Railways

Cleaning services to be outsourced to specialist agencies

Proposes automatic closing of doors before the train leaves platform.

Reservation system will be revamped & ticket booking through mobile phones and post offices popularised

Bio toilets in trains

To encourage corporates to adopt stations for improvement

CCTVs at stations would be used to monitor station cleanliness activities

Passengers can order food through sms/phone; severe action against vendors delivering unhygienic food

IVRS system for feedback on catering. Food courts at major stations

Proposes ready-to-eat meals from brands to be served in trains

Through PPP route, we want to provide foot-over bridges, escalators and lifts across all stations

Online booking will be made easier

See pension provision at ₹28,850 cr in FY15

See Plan outlay at ₹47,650 cr for FY15 | Scales down FY15 IRFC mkt borrowing to ₹11,790 cr

Better amenities and passenger services. Escalators and lifts through PPP

Estimate Passenger ticket sales at Rs 44,645 cr in FY15

Fare revision was a tough but necessary decision, Rs 8,000 crore of additional revenue will come

Fares, more investments in the form of FDI and private investment will ramp up railways

Expect to get total receipts of Rs 1,64,370 crore this year

Bulk of future projects to be financed via PPP route

Spent Rs18,400 cr on doubling 5,050 km tracks in 10 years | Had a surplus of ₹3,783 cr last fiscal

Seeking Cabinet nod to allow #FDI in Railway sector but not in railway operations.

Prioritising time lines to finish pending projects | Passenger earnings fell short by ₹968 cr vs Estimates

Recent fare revision to net ₹8,000 cr to Railways | Bulk of future projects to be financed via PPP route

Need ₹9 lk cr for funding Diamond Quadrilateral

Indian Railways spent Rs 41,000 crore on laying of 3,700 km of new lines in last 10 years

FY14 Gross Traffic Receipt at Rs 1.39 lakh crore | FY14 operating ratio at 94%; 6% is surplus

Require five lakh crore to finish ongoing projects

Four projects are 30 years old which are yet incomplete

FY15 Estimate for surplus seen at ₹602 cr

Propose FY15 market borrowing at Rs 11,790 crore

Managing the Railways takes most of our resources. We spend 94% of our earnings. Left with just 6%

Target to become the largest freight carrier of the world

We carry 23 million passengers a day, over 1 billion tonnes of freight every year

Railways will play a role in building a dynamic India