Interim Rail Budget 2014-15 Presented in the Parliament by Union Railway Minister Mallikarjun Kharge

2/22/2014 Interim Rail Budget 2014-15 presented in the Parliament by Union Railway Minister Mallikarjun Kharge

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12-FEB-2014

Highlights of the Interim Rail Budget 2014-15

Suggested Readings: 2014 Current Affairs, National | India, February 2014 Current

Affairs

Railway Minister Mallikarjun

Kharge presented the Interim

Rail Budget 2014-15 in

Parliament on 12 February 2014

amidst uproar over the

Telengana Bill and was forced to

cut short his speech. The

Minister said 17 new premium

trains and 38 new express trains

will be introduced. He left

passenger fares and freight

rates unchanged. The budget is for the first four months of the of the fiscal

year 2014-15 that begins in April 2014. Mr Kharge's maiden rail budget

comes just months away from the general elections.

Main Highlights of Interim Rail Budget

Measures for improving Safety & Security: Induction of indigenously

developed Train Collision Avoidance System; Development of crashworthy

coaches; Provision of Vigilance Control Device in all locomotives; Multi-tier

protection for electric circuits; Portable fire extinguishers in coaches; and

Induction based cooking to replace LPG in pantry cars

High Speed Trains: Joint feasibility study by India and Japan for Mumbai

Ahmedabad Corridor to be co-financed by Japan International

Cooperation Agency; and Business Development Study by SNCF for

Mumbai Ahmedabad corridor.

Green Initiatives: Railway Energy Management Company becomes

functional. Windmill and solar power plants to be set up with 40% subsidy

from Ministry of New & Renewable Energy.; Green Curtains along the track

close to major stations; Pilot work at Agra and Jaipur in progress; and

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Read more Current Affairs on: Interim Rail Budget 2014-15, Mallikarjun Kharge

Coverage of Bio-toilets in 2500 coaches and would be increased

progressively.

Passenger amenities: 51 Jan-Ahaar outlets for Janta Meals; 48

passenger escalators commisionsed at stations and 61 more being

installed; air-conditioned EMU services in Mumbai from July 2014;

information display system in important trains to indicate stations & arrival

time.; Upgradation Scheme extended to AC Chair Car and Executive Chair

car passengers.; Premium AC Special train introduced in Delhi Mumbai

Sector with shorter advance reservation period and dynamically varying

premium over tatkal fare.

Freight related measures: Parcel Terminals & Special Parcel Trains

with scheduled timings; New policy on parcels to encourage transportation

of milk; New concept of hub and spoke for parcel business; and Third

party warehousing in Special Parcel Terminals envisaged.

State of Meghalaya and capital of Arunachal Pradesh to be on Railway

Map.

Gauge Conversion of strategically important 510 km Rangiya

Murkongselek line in Assam to be completed.

Independent Rail Tariff Authority set-up to advise on fixing of fares and

freight, to engage all stake-holders

Budget Estimates 2014-15: Loading target of 1101 Million Tonnes;

Gross Traffic Receipts targeted at 160775 crore Rupees with Passenger

Earnings (45255 crore Rupees), Goods (105770 crore Rupees), Other

Coaching & Sundry Earnings (9700 crore Rupees); Ordinary Working

Expenses placed at 110649 crore Rupees, higher by 13589 crore Rupees;

The entire Dividend of 9117 crore Rupees to General Exchquer will be

paid; and Operating Ratio budgeted at 89.8%; 90.2% Operating Ratio in

2012-13 and Operating Ratio likely to be 90.8% in 2013-14

Annual Plan for 2014-15 envisaged at 64305 crore rupees with a

Budgetary Support of 30223 crore Rupees , Internal Resources of 10418

crore Rupees and Extra Budgetary Resources of 19805 crore Rupees.

New Surveys: 19 New Lines & 5 Doubling

New Trains: 17 Premium trains; 38 Express trains; 10 Passenger trains; 4

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Interim Rail Budget 2014-15 Presented in the Parliament by Union Railway Minister Mallikarjun Kharge