Tuesday, February 26, 2013

Rail Budget 2014 : No fare hike but some charges up

Salient features of Rail Budget 2013-14

  • 22 new lines to be taken up in 2013-14
  • Superfast and Tatkal charges to rise
  • 67 new Express trains to be introduced; 27 new passenger trains; run of 58 trains to be extended
  • New debt service fund to be set up
  • Will close fiscal 2012-13 with fund balance against previous deficit; need to buildfund balance to Rs.30,000 crore by end of 12th Plan
  • Operating ratio of 88.8 percent achieved
  • Dividend reduced from 5 to 4 percent
  • Electrification of 1,200 km to be completed this year
  • 72 additional suburban services in Mumbai and 18 in Kolkata
  • No increase in passenger fares
  • Rs.6,600 crore increase in earnings from fare adjustment in January
  • Rs.63,000 crore investment in 2013-14
  • 1,047 million tonnes freight loading estimated during 2013-14
  • Passenger earnings of Rs 42,000 crore estimated in 2013-14
  • Indian Railways Institute of Financial Management to be set up at Secunderabad
  • Chair at Delhi to promote research in reducing carbon footprint
  • Winners of Rajiv Gandhi Khel Ratna and Dhyan Chand awards to get free first class passes
  • Complementary first class passes for parents of unmarried posthumous awardees of Maha Vir Chakra, Vir Chakra, Kirti Chakra and Shaurya Chakra
  • Complementary passes of freedom fighters to be renewed every three years instead of annually
  • New wheel factory to be set up at Rae Bareli
  • Greenfiled EMU manufacturing facility at Bhilwara
  • Railway energy management company to be set up to harness solar and wind energy
  • 1,000 crossings to be energised by solar power
  • 1.51 lakh vacancies to be filled up
  • Locomotive cabs to be air-conditioned
  • Azadi Express to be introduced to travel to places associated with
  • freedom struggle
  • India in 1 billion tonne freight club
  • By end of 2013-14, 1,500 km of contracts to be awarded for two dedicated rail corridors
  • Rs.1 lakh crore target set for public-private-partnership route
  • Free Wi-Fi to be provided on some trains
  • Rs.100 crore for improving stations in New Delhi
  • 179 escalators and 400 lifts at A 1 and other select stations
  • E-ticketing through mobile phones
  • SMS alerts for passengers on reservation status
  • Next generation e-ticketing system by end of 2013
  • Seventeen bridges identified for repair
  • Smoke and fire detection system envisaged
  • Fire extinguishers to be kept in guard vans
  • Corporate plan for 10 years to be drawn up
  • Raised four companies of women RPF personnel, and another eight to be raised for women’s safety
  • Six more Rail Neer bottling plants to be set up
  • Losses mounted from Rs.22,500 crore in 2011-12 to Rs.24,600 crore in 2012-13
  • Planning Commission pegged 12th Plan at Rs.125.19 lakh crore
  • Fall in accidents – per million accidents down from .41 to .13
  • Aim to eliminate 31,846 level crossings

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