Tuesday, July 8, 2014

Key highlights of Indian Railway Budget 2014-15

Key Highlights of the railway budget presented by Railway Minister D.V. Sadananda Gowda in the Lok Sabha on 8th July 2014.

  • Receipts in 2013-14 were `.139,550 crore, while expenditure was `.130,321 crore.
  • Railway would require `.5 lakh crores in 10 years for modernization and target to carry one billion tonnes of freight every year and also to become largest freight carrier in the world.
  • Fare revision will bring in `.8,000 crore; receipts in 2014-15 estimated at `.164,374 crore, while expenditure at `.149,176 crore.
  • Of the 676 projects sanctioned, only 356 remain completed.
  • 4,000 women constables recruited in RPF to make travel in women`s coaches safer.
  • Pre-cooked ready-to-eat meals to be introduced; launching feedback service through IVRS on the quality of food; food can be ordered by SMS and phone.
  • Future e-Ticketing to support 7200 tickets per minute and to allow 1.2 lakh simultaneous users.
  • Diamond quadrilateral to be launched for high-speed trains; `.100 crore allocated for taking project forward; trains on select routes to be speeded up to 160-200 km per hour.
  • Bullet train proposed on Mumbai-Ahmedabad sector.
  • Government proposes Office-on-Wheels; internet and workstation facilities on select trains.
  • Setting up of logistic parks, private freight terminals on PPP model.
  • Connectivity to ports through PPP, procurement of parcel vans and rakes by private parties for resource augmentation.
  • Some stations to be developed to international standards through PPP model.
  • Outsourcing at 50 major stations; onboard housekeeping to be extended to more trains.
  • Resource mobilisation through leveraging PSU resources; Foreign Direct Investment and Public Private Participation. Future projects to be financed on public-private partnership model.
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