Tuesday, 26 February 2013

Indian Railway budget 2013 - Brief summary

Here is a brief summary of Railway budget 2013. For me, it seems to be quite good and necessary though some of other changes are yet not included.

Major changes Introduced

  • 67 new express trains to be introduced; 27 passenger trains, 8 DEMUs.

  • Electrification of 1,200 km to be completed this year.

  • 72 additional suburban services in Mumbai and 18 in Kolkata.

  • Diesel price hike added Rs 3,300 crore to fuel bill of Railways.

  • Rs.100 crore for improving stations in New Delhi. Marginal increase in cancellation, reservation charges.

  • No fresh hike in passenger fares.

  • Railway Energy Management Company to be set up to harness solar and wind energy. 47,000 vacancies for weaker sections and physically challenged to be filled up soon.

  • New coach manufacturing and maintenance facilities to be set up in various places including Rae Bareli, Bhilwara, Sonepat, Kalahandi, Kolar, Palakkad and Pratapgarh.

  • Common rail-bus ticket to be introduced for Katra-Vaishnodevi pilgrims. New train Azadi Express to places linked with the freedom struggle to be introduced, fares to be concessional.

  • Internet booking to be provided from 0030 hours to 2330 hours.

  • Internet booking to be strengthened with next-generation e-ticketing system to eliminate delays.

  • Special A/C coaches ‘Anubhuti’, to be introduced in select Shatabdi and Rajdhani trains to give excellent ambience with commensurate fare.

  • Railways will use Aadhar data base for bookings and validation of passengers.

  • SMS alert service being rolled out shortly to intimate passengers about reservation status.

  • Free wi-fi facility to be provided in select trains.

  • Plan to allow e-ticketing via mobile phones. Seventeen bridges identified for repair.

  • 10% reservation for women in RPF.

  • Fall in accidents — per million accidents down from .41 to .13.

  • There has been significant drop in train accidents.

Other Changes 

  • Opposition disrupts Rail Budget speech over new train announcements.

  • Operating ratio of 88.8 percent achieved.

  • Dividend reduced from 5 to 4 percent.

  • An independent Rail Tariff Authority has been formalised.

  • Dynamic fuel adjustment component to be introduced on freight rates from April one, that will result in less than five per cent increase in rates.

  • Railway revenues to show a balance of Rs 12,506 crore in 2013-14.

  • Planned investment of Rs 63,363 crore for 2013-14, including Rs 600 crore from PPP route.

  • Operating ratio expected to improve to 87.8 per cent in 2013-14 from 88.8 per cent in the current fiscal.

  • 5.2 per cent growth in passenger traffic expected in 2013-14.

  • Railway hopes to end 2013-14 with a balance of Rs 12,506 crore.
  • Railways to set up a Debt Service Fund.

  • Freight earning to grow by 9 per cent to Rs 93,554 crore.

  • Freight target fixed at 1,047 MT for 2013-14, 40 MT over the current year.

  • Modest 5-6% hike in passenger fares will add to corpus, and translate into better amenities.

  • Rs 3,000 crore loan from Finance Ministry re-paid with interest by Railways this financial year.

  • Indian Railway Institute for Financial Management to be set up at Secunderabad to train rail officers on a regular basis.

  • Rs 9000 crore investments expected including Rs 3,800 crore in port connectivity and Rs 800 crore in iron ore mines connectivity.

  • Allocation of Rs 1,000 crore each made for railway land development authority and railway station development authority.

  • Railways set to enter 1 billion ton freight club of China, Russia and US.

  • Railway committed to bring marked change in passenger amenities.

  • Smoke and fire detection system envisaged.

  • Fire extinguishers to be kept in guard vans.

  • Aim to eliminate 31,846 level crossings.

  • Identification of 104 stations for upgradation in places with more than one million population and of religious significance.

  • Railways to set up six more Rail Neer bottling plants.
  • Presence of women in RPF to go up.

  • Plan for elephant corridor safety.

  • Corporate safety plan proposed.

  • Railway safety fund inadequate.

  • Rs. 95,000 crore shortfall, meeting this shortfall will mean a paradigm shift.

  • Rs 1 lakh crore to be raised from public-private partnership, Rs 1.05 lakh crore through internal resources in the 12th Plan.

  • 12th Plan railway size to be Rs 5.19 lakh crore, with gross budgetary support of Rs 1.94 lakh crore.

Steep increase in input costs have been met with hike in Freight rates: Bansal.
Railways powerful vehicle driving the growth of the country: Bansal.
Railway Minister Pawan Kumar Bansal presents his maiden budget in Parliament.
Railway Minister Pawan Kumar Bansal arrives in Parliament to present his maiden budget.
A day before presenting the budget, Mr. Bansal said that there was a demand for more trains. But he did not disclose whether he would concede it, as his predecessors did.
"The government is for the people. You will have to see the budget from that point of view...," he said at an informal chat with reporters, when asked whether the budget would be people-friendly. 

Your Comments are most welcomed..

1 comment:

  1. China has its own set of rules in the world and if they think that by decreasing population ratio is going to help them they might have thought it through and how to overcome the deficiency