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Jul 9, 2014

RAIL BUDGET 2014-15 HIGHLIGHTS

Here is the full highlight of the #RailBudget201415


# Foot overbridges, escalators and lifts at major railway stations through PPP
# Battery operated cars for differently abled at all major stations
# NGOs, Corporates to help provide passenger amenities.
# Work stations in select trains.
# Pre Booked ready to eat meals of top brands.
# Food courts at major stations.
# Indian railways to become the largest freight carrier in the world.
# Social obligation of Railways in 2013-14 was Rs 20,000 crore.
# Gross traffic receipts in 2013-14 was Rs 12,35,558 crore; operating ratio was 94 per cent, says Gowda presenting.

RAIL BUDGET:

# Focus in past has been on sanctioning projects rather than completing them: Railway Minister.
# Indian Railways spent Rs 41,000 crore on laying of 3,700 km of new lines in last 10 years: Railway Minister.
# Populist projects and mismanagement have brought Railways to point of funds crunch.
# This state of affairs in railways needs immediate course correction.
# Need to explore alternative sources of resource mobilisation and not depend on fare hike alone: Rail Minister.
# FDI in railway projects, except in operations, to be attracted.
# 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.
# There was decline in traffic growth and deterioration in operating ratio in 2013-14.
# Expenditure in 2014-15 pegged at Rs 149,176 crore: Railway Minister
# Surplus revenues declining, hardly any resources for development works. Rs five lakh crore required for ongoing projects only: Gowda
# Loss per passenger per kilometre up from 10 paise (in 2000-01) to 23 paise (2012-13).
# Gross traffic receipts in 2014-15 estimated at Rs 1,64,374, expenditure Rs 1,49,176 crore. A 12.9 per cent growth expected in traffic receipt: Gowda
# Railways to scale down market borrowings to Rs 11,790 crore: Railway Minister.
# Indian Railways to set up food courts at major railway stations: Railway Minister
# Retiring room facility to be extended to all stations: Gowda
# CCTVs to be used at stations for monitoring cleanliness at railway stations; third party inspections to be introduced: Gowda
# Reservation system will be revamped and ticket-booking through mobile phones and post offices popularised: Gowda
# 4,000 women constables to be inducted to enhance onboard safety: Railway Minister.
# Recent fare and tariff hike to mop additional revenue of about Rs 8,000 crore

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