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Tuesday, July 8, 2014

Railway Budget 2014-15



Union Minister for Railways D V Sadananda Gowda presented his maiden Budget on Tuesday, highlighting the government's ambitious plans.



Here are the highlights:
  • Grateful to honourable PM Narendra Modi ji for having given me this opportunity and for entrusting me with this responsibility
  • I can get claps from this house by announcing many new projects but that would be rendering injustice to the struggling organization
  • The fare revision was tough but a necessary decision - it will bring Indian Railways an additional revenue of 8,000 crores

Increased Funds to Ensure Passenger Amenities and Cleanliness:
  • Honesty is the first chapter in the book of wisdom
  • It gives me immense pleasure to present my first Railway Budget flooded with suggestion for new trains, new railway lines
  • We now target to become the largest freight carrier in the world
  • Indian railways carry only 31% of the total freight in the country. It is a challenge we have to face
  • 5 lakh crore required each year for the next ten years for ongoing projects alone
  • 23 paisa lost per passenger per km in 2012-13
  • Social obligation of Railways in 2013-14 was Rs. 20,000 crore
  • Focus on sanctioning projects rather than completing them
  • The more projects we add the thinner we spread our resources
  • Indian Railways carries more than the entire population of Australia in a day
  • Populist projects and mismanagement have brought Railways to point of funds crunch
  • This state of affairs in railways needs immediate course correction
  • Gross traffic receipts in 2013-14 was Rs. 1.3 lakh 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
  • Need to explore alternative sources of resource mobilisation and not depend on fare hike alone
  • Large part of the budget outlay to go to safety projects
  • Maximum financial outlays for projects slated for completion in this area itself
  • High priority areas - safety, cleanliness, passenger amenities and capacity augmentation
  • 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
  • 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
  • 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
  • RO Drinking water at stations and trains
  • Corporates encouraged to adopt stations for better maintenance and upkeep

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

Bullet train:
  • 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 networks

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 popularised
  • Wi-fi Services in all A Category stations and trains
  • To Have Diamond Quadrilateral Network for High-speed Trains
  • Digital Reservation Charts at stations

  • 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 
  • 23 projects underway in North-East. Propose to allocate higher funds than previous year for these projects
  • Future e-Ticketing to support 7200 tickets per minute and to allow 1.2 lakh simultaneous users
  • Dedicated freight corridor projects will be closely monitored 
  • Experimental stoppages to be reviewed solely on the basis of feasibility and viability after 3 months
  • Government to make e-procurement compulsory for procurements over Rs. 25 lakh
  • GIS Mapping and digitisation of Railway Land
  • 18 new line surveys, 10 surveys for doubling 3rd and 4th lines and gauge conversion.
  • Office-on-Wheels; internet and workstation facilities on select trains.
  • Setting up of logistic parks, private freight terminals on PPP model
  • Connectivity to ports through PPP, procurement of parcel vans and rakes by private parties for resource augmentation
  • Will offer wifi-services in all 'A' category trains and A1 stations.
  • To have digital reservation charts at stations.
  • Working on making railway offices paperless in five years
  • e-Ticketing through mobile phones will be popularized.

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