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Railway Budget 2012-13 Highlights


Union Railways Minister Pawan Kumar Bansal arrives at Parliament House to present the Rail Budget 2013-14 in the Lok Sabha in New Delhi on Tuesday.

67 new express trains to be introduced; 27 passenger trains, 8 DEMUs
Opposition disrupts Rail Budget speech over new train announcements
Operating ratio of 88.8 percent achieved
Dividend reduced from 5 to 4 percent
Electrification of 1,200 km to be completed this year
72 additional suburban services in Mumbai and 18 in Kolkata
An independent Rail Tariff Authority has b
een formalised
Dynamic fuel adjustment component to be introduced on freight rates from April one, that will result in less than five per cent increase in rates
Diesel price hike added Rs 3,300 crore to fuel bill of Railways
Railway revenues to show a balance of Rs 12,506 crore in 2013-14
Planned investment of Rs 63,363 crore for 2013-14, including Rs 600 crore from PPP route
Operating ratio expected to improve to 87.8 per cent in 2013-14 from 88.8 per cent in the current fiscal
5.2 per cent growth in passenger traffic expected in 2013-14
Railway hopes to end 2013-14 with a balance of Rs 12,506 crore
Rs.100 crore for improving stations in New Delhi
Railways to set up a Debt Service Fund
Freight earning to grow by 9 per cent to Rs 93,554 crore.
Freight target fixed at 1,047 MT for 2013-14, 40 MT over the current year
Marginal increase in cancellation, reservation charges
No fresh hike in passenger fares
Modest 5-6% hike in passenger fares will add to corpus, and translate into better amenities
Rs 3,000 crore loan from Finance Ministry re-paid with interest by Railways this financial year.
Indian Railway Institute for Financial Management to be set up at Secunderabad to train rail officers on a regular basis
Railway Energy Management Company to be set up to harness solar and wind energy
47,000 vacancies for weaker sections and physically challenged to be filled up soon
New coach manufacturing and maintenance facilities to be set up in various places including Rae Bareli, Bhilwara, Sonepat, Kalahandi, Kolar, Palakkad and Pratapgarh
Rs 9000 crore investments expected including Rs 3,800 crore in port connectivity and Rs 800 crore in iron ore mines connectivity
Allocation of Rs 1,000 crore each made for railway land development authority and railway station development authority.
Railways set to enter 1 billion ton freight club of China, Russia and US
Common rail-bus ticket to be introduced for Katra-Vaishnodevi pilgrims
New train Azadi Express to places linked with the freedom struggle to be introduced, fares to be concessional
Internet booking to be provided from 0030 hours to 2330 hours
Internet booking to be strengthened with next-generation e-ticketing system to eliminate delays
Special A/C coaches ‘Anubhuti’, to be introduced in select Shatabdi and Rajdhani trains to give excellent ambience with commensurate fare
Railways will use Aadhar data base for bookings and validation of passengers
SMS alert service being rolled out shortly to intimate passengers about reservation status
Free wi-fi facility to be provided in select trains
Plan to allow e-ticketing via mobile phones
Railway committed to bring marked change in passenger amenities
Seventeen bridges identified for repair
Smoke and fire detection system envisaged
Fire extinguishers to be kept in guard vans
Aim to eliminate 31,846 level crossings
Identification of 104 stations for upgradation in places with more than one million population and of religious significance
Railways to set up six more Rail Neer bottling plants
10% reservation for women in RPF
Presence of women in RPF to go up
Plan for elephant corridor safety
Corporate safety plan proposed
Railway safety fund inadequate
Fall in accidents — per million accidents down from .41 to .13
There has been significant drop in train accidents
Rs. 95,000 crore shortfall, meeting this shortfall will mean a paradigm shift
Rs 1 lakh crore to be raised from public-private partnership, Rs 1.05 lakh crore through internal resources in the 12th Plan
12th Plan railway size to be Rs 5.19 lakh crore, with gross budgetary support of Rs 1.94 lakh crore
Steep increase in input costs have been met with hike in Freight rates: Bansal
Railways powerful vehicle driving the growth of the country: Bansal
Railway Minister Pawan Kumar Bansal presents his maiden budget in Parliament
Railway Minister Pawan Kumar Bansal arrives in Parliament to present his maiden budget.
A day before presenting the budget, Mr. Bansal said that there was a demand for more trains. But he did not disclose whether he would concede it, as his predecessors did.
"The government is for the people. You will have to see the budget from that point of view...," he said at an informal chat with reporters, when asked whether the budget would be people-friendly.
Railway Budget 2012-13 Highlights Reviewed by Manohar Veera on 9:30:00 AM Rating: 5

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