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

...

Union Budget 2013-14 : Highlights and Oral Analysis for plus / minus

Indian Parliament, Delhi dated 28th Feb'2013: "Madam Speaker, I rise to present the Budget for the year 2013-14. I recall my last tenure as Finance Minister and acknowledge with gratitude the splendid support that I received from all sections of the House as well as the people of India. Today, more than ever, I seek the same.... ": words for the Budget 2013-14 by P. Chidambaram when presenting 8th time.

Nothing is in the Union Budget 2013-14 for middle class people. More than one hour Our Finance Minister speech is too good, like going to best budget for the Indian Middle / lower Middle Class peoples as filmy promo. But when the Budget – 2013's words are become voice from the paper by Mr. Chidambaram, It's goes flop film. Nothing is in that.

Even as per Finance Guru's, Statistics Masters, Tax Exports and Media and News fellow do the analyses of that as Speech begins. There is only one thing is bigger. Richer has to pay more Tax. All are remain like past budgets history. On the 1^st Day of the March 2013, I feel that our Finance Minister Mr. P. Chidambaram is just doing new thing as above given. Rest of all things are copied from last 7 Budgets papers, do some minor correction in the favor of govt. only, not for common man of the Indian.

People of the India whether they are liable or not to pay tax, or they are not paying taxes looking for some good thing in the Budget 2013-14, they think budget may bring down price hike from consumer products and services.

Let's look some Highlights of the Budget [Brief]:

• Tax credit of Rs. 2,000 for income upto Rs. 5 lakh
• Surcharge of 10 per cent for taxable incomes above Rs. 1 crore, No review of tax slabs
• Excise duty on SUVs to be increased to 30 per cent from 27 per cent, SUVs registered as taxis exempted
• Direct Taxes Code (DTC) bill to be introduced in current Parliament session
• Duty-free limits raised to Rs 50000 for men and Rs 1 lakh for women
• 18% rise in excise duty on Cigarattes, cigars and cheerots
• Service tax on all A/C restaurants
• Royalty tax hiked from 10% to 25%
• Tax Deducted at Source to be fixed at 1% on land deals over Rs 50 lakh
• 5 to 10 per cent surcharge on domestic companies whose taxable income exceeds Rs 10 crore
• 11 lakh beneficiaries have received benefit under Direct Benefit Transfer scheme. Direct Benefit Transfer (DBT) Scheme to be rolled out throughout the country during the term of UPA Government.

More Detail on The Hindu

But Budget 2013: Visible impetus on growth, How? Check here on REUTERS