High Lights of Interim Railway budget 2014-15

Railway Budget 2014-15 Highlights List of 17 New Premium Trains, 39 Express Trains and 10 Passenger Trains Proposed

*  No Increase in Passenger Fares and Freight

   

* Outlay of Rs 64,305 Crore Proposed for Rail Budget with A Budgetary Support of Rs 30,223 Crore

*   17 New Premium Trains, 38 Express Trains and 10 Passenger Trains Proposed

*   Surveys For 19 New Lines and Doubling of 5 Tracks to be Taken Up

*    Meghalaya and Arunachal Pradesh to be on Railway Map

*    No Unmanned Level Crossing Left with the Elimination of 5,400 Unmanned Crossings

*    To Prevent Fire Incidents Portable Fire-Extinguishers in Coaches and Induction Based Cooking Introduced in Pantry Cars

*    Feasibility Study for High Speed Trains in Mumbai-Ahmedabad Corridor and Semi High Speed Projects to Taken Up on Select Routes

*    More Bio-Toilets in Trains and Green Curtains Along the Track Close to Major Stations

*    Independent Rail Tariff Authority Set-Up to Advice on Fares and Freight

*    Loading Target Raised to 1,052 Million Tonne and Freight Earnings Target Revised to Rs 94,000 Crore

No increase in rail fare and freight has been proposed in the Interim Rail Budget for 2014-15. Presenting the Budget in Parliament recently, the Minister of Railways Mr. Mallikarjun Kharge announced 72 new trains, extension of three trains and increase in frequency of three trains. The Minister announced that there will be no more unmanned crossings.

A Rail Tariff Authority has also been announced. A number of measures for safety and security of passengers like portable fire-extinguishers in coaches and induction based cooking in pantry car have been proposed in the Budget.

The Budget presented envisages investment of Rs.64,305 crore as against Revised Estimates for 2013-14 of Rs. 59,359 crore. Anticipating a healthier growth of economy, the freight traffic target is proposed at 1,101 million tonnes, an increment of 49.7 million tonnes over the current years’ revised target of nearly 1052 million tonnes.

The Gross Traffic Receipts have been projected at Rs.1,60,775 crore . Working Expenses have been proposed at Rs. 1,10,649 crore, which is Rs.13,589 crore higher than the Revised Estimates for the current year.

Highlighting the passenger friendly initiatives of Indian Railways, the Minister said the success of e-booking of tickets has surpassed all expectations, and now train movements can also be tracked online to find the exact location and running. Besides, 51 Jan-Ahaar outlets for sale of Janta Meals have been set up; 48 passenger escalators have been commissioned at railway stations and 61 more are being installed and air-conditioned EMU services will commence in Mumbai area by July 2014.

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