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
One Reply to “Railway Budget 2014 Summary”
Thanks for giving rail budget.details.