26/02/2015
Railway Budget:
Market is still waiting for analysis of Railway Budget:
=> Here are the 32 key points highlighted of Railway budget
2015:
1. Plan budget goes up 52% to Rs1.1 trillion for FY16
2. To set up an infrastructure fund; holding company to raise long-term debt
3. To raise funds from pension, institutional and multilateral agencies
4. Prabhu suggests joint venture with states for federal cooperative development of railways
5. 970 road-under-bridge and road-over-bridge to be constructed
6. Rs 6,750 crore allocated for eliminating 3,438 level crossings
7. The corporate safety plan to be ready in three months to identify annual quantifiable targets
8. 5-year corporate safety plan to be introduced to reduce accidents
9. Focus to be on unmanned crossings
10. Four dedicated freight corridors to be completed this year; 6,608 km of track to be electrified
11. Prabhu says feasibility report of high-speed train between Mumbai and Ahmedabad expected by mid-2015
12. North-East connectivity to be improved, J&K connectivity also in focus
13. 77 projects worth Rs 96,182 crore to expand capacity
14. Invite bids for station redevelopment
15. MPs requested to use part of their MPLAD funds to improve passenger amenities
16. 120-day window for passengers to book tickets now instead of 60-day earlier
17. Railways aims to move towards paperless ticketing
18. Wi-fi in Category A and Category B stations
19. CCTV s to be introduced in select trains and suburban trains for women safety
20. Mobile charging units to be installed in general class coaches
21. SMS updates to be sent to inform passengers about updated time of arrival and departure of trains
22. ‘Operation 5 minutes’ being launched so that passengers can buy railway tickets in five minutes -- Special focus on cleanliness campaign, new department set for the purpose
23. No increase in passenger fares
24. Operating ratio for FY16 seen at 88.5%
25. To increase track capacity by 14%
26. We envisage an investment of Rs 8.5 trillion for Railways in the next five years
27. Goal 4: Modernize infrastructure
28. Goal 3: Financial sustainability
29. Goal 2: Making railways safer
30. Goal 1: increased connectivity
31. Over the next five years, railways need to undergo a transformation for which four major goals have been set
32. Speed on nine corridors to be increased from 110-130 kmph to 160-200 kmph
33. Wagon-making scheme to be reviewed to make it easier for private investment
32. Priority to improve capacity on high density network in next five years.
