All About Railway Budget 2016-2017

8/19/2019 All About Railway Budget 2016-2017

http://slidepdf.com/reader/full/all-about-railway-budget-2016-2017 1/4

All About Railway Budget 2016-2017Railway Minister Suresh Prabhu presented his second rail budget this year. He kept the faresunchanged. In his budget speech, he said that for this budget he owes its inspiration to vision of PM Modi who said: " My vision is to make railways backbone of India’s progress & economicdevelopment.

He outlined the 3 pillars of strategy raise new revenues! raise productivity and efficiency andrevamp the processes. He also said that the !ore obective is to beco#e engine of econo#ic growth, create e#ploy#ent and provide custo#er service.

$o now let%s see what Mr. Prabhu had for the citi&ens of India. Here are the highlights of the 'ail(udget )*+:

" #perating ratio kept at $% '()* as against $+ in current year .- o generate revenues of order of 's.)!,-!,%+ cr ne/t year which is a +*.+0 higher than revised target of current year.- he /apital plan of Rs ).%) lakh crore.- 1i#ed to generate +*)*0 of revenues fro# nontariff sources over ne/t 2 yearsby #oneti&ing assets.

- 'ailways will get Rs -+!+++ crore budgetary support from the government.- 'ailways incurred a loss of Rs 0+!+++ crore by subsidi1ing passenger fares.- 's .2 lakh crore to be spent over 2 years for #oderni&ation of railway infrastructure- o have ),** k#s of new tracks in ne/t year, al#ost 3*0 higher than last year target.- wo dedicated freight corridors by %+)$.- 'ailway electrification have increased by 2*0 4 ),*** k# route to be electrified ne/t fiscal year.- -++ stations to be re2developed through PPP.- % locomotive factories at the cost of Rs -+!+++ crore to be set up.- #vernight double23ecker train 4day 56press to be introduced on busiest routes which willincreased carrying capacity with 5*0 #ore.- hree direct services! fully air2conditioned 7umsafer! to travel at )0+km per hour will bestarting this year .- 8ower berth 9uota for senior citi1ens to be increased by :+

- 00 of sub29uota for women in each of the reserved categories will be introduced .- 'ailways announces #easures for women security; <ll India %-=* helpline! //> surveillance!reserved middle bay in coaches.- o 6enerate 's 7 crore #andays in 89++, 's +5 crore #andays in 89++7 - !o#pletely paperless contract syste# in )*++ - He also stated that +)5 MPs have co##itted to contribute fro# MP;1<$ for passenger a#enities.- ?i'i in )++ stations this year and -++ other stations ne6t year .- o have //> surveillance at all stations! 0++ ma@or stations will be covered this year .- =nhanced capacity of e2ticketing system 2 from %+++ tickets a minute to *%++ a minute Atosupport )%+!+++ concurrent usersB.- 55 new proects valued at 's 7),+5 crore to be i#ple#ented this year - + states agree to for# >?s with Indian 'ailways for construction of railoverbridges

- o introduce )*,*** screen rail display network for passing info to passengers and hugeadvertising potential- 'ailways will partner with the 6ovt. of @ for developing suburban network in !hennai throughinnovative financing #ethods.- 'ing 'ailway to be redeveloped in partnership with the <elhi govern#ent.- =levated rail corridors fro# !hurch gate to ?irar and !$ to Panvel on the cards.- IndiaCs first rail auto hub to come up in /hennai.- ;I! has agreed to fund 's +.2 lakh crore over ne/t 2 years at favorable ter#s- 1 su# of 's. 2* crores for providing innovation grants to startups has been kept aside.- AeBll install 6P$based digital display in coaches for showing upco#ing stations.- @ow the /oolies will be called CSahayaksC.- !hildrenBs #enu, baby foods, baby boards to be #ade available for travelling #others.- AeBve introduced Sarthi Seva in Donkan Railways for help to senior citi1ens! will e/pand this

service.- Aith helpline number )0$! the passenger will soon able to do cancellation of ticket.



- >ournalists to get facility of ebooking of tickets on concessional passes.- Planning to introduce barcoded tickets on pilot basis to tackle #enace of ticket less travel.- #pened long awaited Eroad Fauge 8umding2Silchar section in <ssam! connecting Earak>alley with rest of country .- ;ong distance superfast train <ntyodaya 56press for unreserved passengers.- Introduction of 3een 3ayal coaches for long distance trains for unreserved passengers.

- Introduction of e@as! the future of train travel with operating speeds of )0+ kph.- Gational academy of railways at >adodara to be upgraded to a full2fledged Railway university .- 'ailways will partner with 6uarat, elangana 4 a#il @adu for developing suburban sections in

1h#edabad, Hyderabad 4 !hennai by innovative financing #echanis#.- Intend to take up on priority provision of passenger a#enities and beautification of stations at

pilgri#age centres including 1#er, 1#ritsar, (ihar $harif, !hengannur, <warka, 6aya, Haridwar,Mathura, irupati, 4 ?aranasi.- He also said that ?orldCs first Eio2vacuum toilet developed by Indian Railways is being used in 3ibrugarh Ra@dhani e6press.- Ey %+%+! plans to eliminate all unmanned level crossings- 8oreign 'ail echnological !ooperation sche#e to be for#ulated for technological up gradation.- Aireless enabled CRakshakC devices to intimate gangmen about approaching train.

- Introduction of separate toilets for "divyaang" people.- o introduce 7umsafar 56press! full air2conditioned third </ service with operationalservices for meals.- Proposal for <ntyodaya 56press and 3eenadayalu coaches for unreserved travelers.- Poised to co##ission k# of broad gauge lines in )*+ against an average of 5.3 k#.

Railway Eudget of India also referred as Rail Eudget is the <nnual 'inancial Statement of thestate Indian Railways! which handles rail transport in India. It is presented every year by the

Minister of Railways! representing the Ministry of Railways! in the parliament.he Railway Eudget is presented every year! a few days before the 4nion budget of India.

he <cworth Report led to reorganisation of railways! the railway finances of India wereseparated from the general government finances in )$%-. < practise which continues inindependent India to date.his year! the railway budget will be presented by Suresh Prabhu.

?e will be covering the Railway Eudget live feed. So keep following.

he important points in the railway budget are as follows;

his Eudget owes its inspiration to vision of PM Modi who said; My vision is to make railwaysbackbone of India’s progress & economic development.

•

'or year %+)H2)* we e6pect the operating ratio of $%.• < saving of Rs. ,!*%+ crore for Eudget estimates of last year will be effected this

year.

• In %+)H2)*! the capital plan will be Rs. )!%)!+++ crore.

• ?e hope to generate revenues of order of Rs.)!,-!,%+ cr ne6t year! )+.) higher thanrevised target of current year.

• Indian Railways will generate employment of $ crore man2days in %+)*2), and )-

crore man2days in %+),2)$

• Rail Minister Suresh Prabhu outlines 0 pillars of strategy 2 raise new revenues! raise productivity and efficiency and revamp the processes.

• 8I/ has agreed to fund Rs ).: lakh crore over ne6t : years at favourable terms

• Specialised teams have been mandated to screen rail operations ins specific areas todetect inefficiencies



• Railways to increase lower berth 9uota for senior citi1ens by :+

• Railways announces measures for women security; <ll India %-=* helpline! //> surveillance! reserved middle bay in coaches

• 5nhanced capacity of e2ticketing system from %+++ ticketsmin to *!%++min.

• ?i2'i at )++ railway stations this year and -++ ne6t year.

• 'ocus to Swacch Eharat Scheme!)*!+++ bio2toilets and additional toilets to be

provided by end of this 'iscal (ear.

• )!H++ km of electrification this year and %!+++ km proposed for the ne6t year.

• More than ) lakh telephone calls are made everyday to seek inputs from passengers.

• In2principle approval from )* States to form @oint ventures.

• Gorth25ast India! especially Mi1oram and Manipur! to be connected through broad

gauge soon.

• %!,++ km of new tracks in ne6t year.

• Indian Railways to surpass ambitious target of commissioning %:++ kms of broad

gauge lines! almost 0+ higher than last year.

• 5very Rupee in investment in Railways has the capacity to increase economy wideoutput of Rs. :.

• Gew freight corridors announced; 3elhi2/hennai! Dharagpur2Mumbai! Dharagpur2

>i@ayawada.

• wo dedicated freight corridors by %+)$.

• ICm setting aside Rs. :+ crore for providing innovation grants to start2ups.

• 00 sub29uota for women under all reserved categories.

• In2principal nod for M4P pro@ects received.

• IndiaCs first rail auto hub to come up in /hennai.

• ?e will partner with the Fovt. of G for developing suburban network in /hennai

through innovative financing methods.

• Ring Railway to be redeveloped in partnership with the 3elhi government.

• IndiaCs first rail auto hub to come up in /hennai.

• ?e intend to publish Rail Eandhu maga1ine in all regional languages.

• 5levated rail corridors from /hurchgate to >irar and /S to Panvel on the cards.

• ?eCll install FPS2based digital display in coaches for showing upcoming stations.

• /oolies will be called CSahayaksC.

• /hildrenCs menu! baby foods! baby boards to be made available for travellingmothers.

•

<ll new Railway stations to be built as per <ccessible India guidelines.• ?eCve introduced Sarthi Seva in Donkan Railways for help to senior citi1ensJ will

e6pand this service.

• he cleaning of toilets by re9uests through SMS.

• ?eCll open cancellation facility through )0$ helpline number.

• Kournalists to get facility of e2booking of tickets on concessional passes.

• ?e are planning to introduce bar2coded tickets on pilot basis to tackle menace of ticketless travel.

• #vernight double2decker trains to be introduced on business travel routes.

• ?e have opened long awaited Eroad Fauge 8umding2Silchar section in <ssam!connecting Earak >alley with rest of country.

• 8ong distance superfast train <ntyodaya 56press for unreserved passsengers.



• 'ully unreserved superfast trains to be introduced on dense traffic routes.

• ?eCll introduce 3een 3ayal coaches for long distance trains for unreserved passengers.

• < full2fledged Railway 4niversity soon.

• //> network has been provided at 0)) railway stations.

Documents

All About Railway Budget 2016-2017