Indian Railway Budget 2014 Highlights

Indian Railway Budget 2014 Highlights

Modi Government First Indian Railway Budget 2014 Live. Railway Minister Sadananda Gowda presented Narendra Modi government\'s first Rail Budget.

Railway Minister Sadananda Gowda presented Narendra Modi government's first Rail Budget. The rail budget is traditionally seen to set the stage for the union budget - to be presented on Thursday and in which the ruling BJP will lay out its economic reform plans.

Check out the highlights here...The highlights of the Railway Budget introduced in the Lok Sabha are appended below:
  • Indian railways will continue to fulfill its social obligation: Sadanand Gowda
  • Railways will play a role in building a dynamic India: Sadananda Gowda
  • Railways should earn like commercial organisation but serve like welfare organisation: Gowda
  • There had been focus on sanctioning projects rather than completing them-Sadananda Gowda
  • Indian railways carries over 23 million passengers every day: Sadanand Gowda
  • FY14 operating ratio at 94% & FY14 gross receipts at Rs.1.39 Lk Cr; require Rs.5 Lk Cr to complete ongoing projects alone.
  • Railway Minister: We spend 94 paise out of every rupee earned leaving only 6 paise as surplus which is meagre
  • 1.16 lakh kilometres of Railway tracks across the length and breadth of this beautiful country!
  • Indian railways represents India on the move: Sadanand Gowda
  • Indian railways moves about entire population of Australia on a daily basis
  • Bulk of future projects will be finalised through PPP mode
  • We are seeking Cabinet approval for FDI in railways
  • Expecting more passenger traffic in the current year
  • FY15 total expenditure expected at 1.39 lakh cr
  • Need to explore alternative sources of resource mobilisation, not depend on fare hike alone
  • Gowda expects to get total receipts of Rs 1,64,370 crore this year
  • Surplus revenues declining. Hardly any resources for development work
  • Populist projects and mismanagement have brought Railways to point of funds crunch
  • Will start work on high-speed networks
  • Footover bridges, escalators and lifts at all stations though the PPP route
  • Battery operated cars on platforms at all major stations for the disabled.
  • Railways to explore alternate sources of funding like Rail PSUs, PPP & Private investment including FDI.
  • Online booking will be made easier
  • water facilities, toilets and comfort stations at all stations for disabled passengers will be made available
  • Work stations on select trains for business travellers
  • Prioritising time lines to finish pending projects
  • Cleanliness is Godliness. Very high emphasis is given to improve cleanliness at stations & trains.
  • Decision Support System for project implementation and Strategic partnerships & transparency in procurement.
  • The recent fare and tariff hike to mop additional revenue of about Rs.8000 cr.
  • Women RPF constables to oversee women-only coaches to make travel for women safer
  • Passengers can order food through sms/phone; severe action against vendors delivering unhygienic food
  • To outsource cleaning responsibility on 50 stations to specialist cleaning agencies
  • Automatic closing of doors on main and suburban coaches proposed
  • 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
  • Bio-toilets in trains to be increased to reduce discharge of human waste on to tracks
  • CCTVs at stations would be used to monitor station cleanliness activities
  • Ultrasonic broken rail detection system to be introduced
  • onboard housekeeping to be extended to more trains
  • Special trains for pilgrims circuits
  • The recent fare and tariff hike to mop additional revenue of about Rs 8000 crore
  • Railway ticketing system to be revamped
  • Priority for safety, security and speed
  • Connecting the railway lines from Kashmir to Kanyakumari
  • Railways are supporting pillars for the nation’s economy
  • No Compromise on the Security measures and amenities
  • Of the 99 projectes undertaken last year ony single project has been finished
  • As many as 359 projects are still pending
  • An amount 5lakh crore rupees is required to finish the proposed projects
  • Foreign investments are very crucial for finishing these projects
  • Many proposal have been received for new projects from the MPS of various states.
  • 94 paisa of every rupee from the income is utilised for the projets
  • Within an year the railway system will be brought on to the track
  • Becoming the world’s best good services is the prime aim
  • Railways has not forgotten the social service
  • As many as 4 projects have remained unfinished for 3o years
  • Looking for alternate sources to curb pressure on the passengers
  • Priority is intended for the safety of women passengers
  • The has been to get the projects sanctioned but not for finishing
  • Drastic fall in the goods services
  • Bullet train proposed on identified Mumbai-Ahmedabad Sector
  • On Safety: Provision of Rs.1785 cr for Road-over/under bridges, multi-pronged approach to eliminate Unmanned Level Crossings
  • Launching feedback service through IVRS on the quality of food.
  • Increasing mechanized laundries for quality bedrolls in AC coaches, introduction of RO drinking water
  • Contemplating setting up of a railway university, both technical and non-technical courses
  • Special e-ticketing system to be introduced, 1.2 lakh users can log in on railway sites
  • We will take care of our employees. We will have new schemes for them
  • Railways to scale down market borrowings to Rs 11,790 crore
  • No unmanned level crossings, 5400 unmanned crossings to be removed
  • To encourage corporates to adopt stations for improvement
  • Of the 676 projects sanctioned, only 356 remain complete
  • Mobile based wake-up call and station updates for all passengers
  • E-ticketing will support 7200 tickets per minute & to allow 120,000 simultaneous users
  • To have Digital Reservation Charts at stations
  • We will develop stations up to world-standard
  • Challenges of tomorrow cannot be met with tools of yesterday: GowdaGoing Digital: Paperless Railway office in 5 year
  • 23 projects under way in northeast
  • Gowda announces decision to launch diamond quadrilateral of high speed trains.
  • Will develop 10 metro stations with state-of-the-art facilities:
  • On Staff Welfare: Contribution to Staff Benefit Fund increased from Rs.500 to 800. Special scheme for meritorious wards.
  • Railways to set up Innovation- Incubation system for new ideas.
  • IT Initiatives: GIS Mapping and Digitization of Railway Land. Extension of logistics support to various e-Commerce Companies
  • IT Initiatives: E-Procurement compulsory for procurements worth Rs.25 Lakhs & more, status of all ongoing projects online.
  • On Staff Welfare: Hospital Management Information System to integrate all railway health units and hospital.
  • Monitoring of Eastern & Western Dedicated Freight Corridor Projects; Target of nearly 1000 kms of construction contracts.
  • Nizamuddin-Pune weekly
  • Provision of Rs 1,785 crore for road-over/under bridges, multi-pronged approach to eliminate unmanned level crossings
  • Bangalore to get suburban rails
  • Some experimental stoppages have been introduced for three months
  • Solar energy to be harnessed through PPP by utilizing rooftop spaces of stations, railway buildings.
  • Parcel traffic separated to requisite terminals, dedicated trains running on fixed timetable
  • Bayyappanahalli will become a coach terminal!
  • 5 Jan Sadharan trains to be introduced
  • Train between Vizag and Chennai, Vijayawada and Chennai
    • New Trains: 5 Jansadharan, 5 Premium & 6 AC, 27 Express Trains, 8 Passenger, 5 DEMU & 2 MEMU services; 11 train extensions.
    • New Surveys & Trains: 18 new line surveys, 10 surveys for doubling 3rd & 4th lines and gauge conversion.
    • On resource augmentation: Setting up of logistic parks, private freight terminals on PPP model.

Railway Minister Sadananda Gowda

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