Rail budget highlights

Rail budget highlights
Published on: 
  • These are challenging times, toughest time; facing dual headwinds: Prabhu.
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  • Core objective to become engine of economic growth, create empolyment and provide customer service: Prabhu.
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  • Will exploit new sources of revenue beyond tariff revenue: Prabhu.
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  • Expect operating ratio of 92 per cent as against 90 per cent in current year: Prabhu.
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  • Rs 8,720 cr saving in 2015-16 budget in fuel cost like power.
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  • We have ramped up capital expenditure to remove the huge backlog and provide for future needs; rate of capital expenditure has increased: Prabhu.
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  • This year our investment will be Rs 1.21 lakh crore for 2016-17.
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  • Will commission 2,800 km of new tracks in next year.
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  • Outlay for railway electrification increased by 50 per cent; 2,000-km route to be electrified next fiscal.
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  •   Railways to get Rs 40,000 cr budgetary support from the government.
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  • 2000 km rail route to be electrified in 2016-17.
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  • Rs 30,000 crore is the loss on subsidising passenger fares, says Railway Minister.
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  • Railways to shift to completely paperless contract system in 2016-17, says minister.
  • 17 states agree to form JVs with Indian Railways for construction of rail-over-bridges.
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  • 124 MPs have committed to contribute from MPlADS for passenger amenities.
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  • Bids for setting up 2 locomotive factories finalised.
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  • 400 stations to be re-developed through PPP.
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  • 400 railway stations to be equipped with wifi, 100 this year, says Prabhu.
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  • Railway safety record is better this year than previous years but much more needs to be done.
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  • Overnight double-decker train Uday Express to be introduced on busiest routes, carrying capacity to be 40 per cent  more, says Prabhu.
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  • North-South, East-West dedicated freight corridor proposed in Railway Budget for 2016-17.
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  • Three direct services - fully air-conditioned Humsafer to travel at 130-km per hour.
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  • Bar-coded tickets to be introduced at select stations on pilot basis.
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  • Cleaning of coach on demand to be introduced; Disabled enabled toilet in 11 Class-A stations this year.
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  • E-booking of tickets on concessional passes for journalists introduced.
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  • 33 pc reservation to women in reserved quota in Railways will be introduced.
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  • Children menu to be introduced on pilot basis on trains.
  • Ajmer, Amritsar, Gaya, Mathura, Nanded, Nashik, Puri, Tirupati, Varanasi, Nagapattinam and other pilgrim stations to be beautified.
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  • Two elevated suburban railway corridors - Churchgate-Virar and CST-Panvel to be constructed in Mumbai; Ring railway covering 21 stations to be revived with state participation.
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  •  India's first railway auto hub in Chennai to be inaugurated soon.
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  • logistics and warehouse parks to be created on PPP mode. 
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  • Station development and re-development, monetisation of land to raise rail revenue from non-freight sources. 
  • Railways to monetise land on tracks by leasing out for horticulture and tea plantation.
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  • Overnight double-decker trains to be introduced on business rail routes.
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  • Railway Board to be re-organised.
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  • Holding company to be explored for monetising assets of Railway companies.
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  • Direct procurement of diesel to help save Rs 1,500 crore in 2016-17.
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  • Time-table freight container train to be run on pilot basis.
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  • No changes in passenger fares and freight rates in Railway Budget for 2016-17.
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  • Railways to borrow Rs 18,580 crore in 2016-17 fiscal.
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