Tuesday, July 8, 2014

Highlights of Railway Budget 2014

Highlights of Railway Budget 2014

  • Honesty is the first chapter in the book of wisdom and I am grateful to PM Modi ji for having reposed his faith in me, says Sadananda Gowda
  • Though I am a month old in the ministry, I am flooded with request for new trains, better services, new lines
  • Indian Railways is the soul of the economy and our target is to become largest freight carrier in the world
  • Indian railways carry only 31% of the total freight in the country. It is a challenge we have to face, says Rail Minister
  • We need to balance social and commercial obligations and we ill start work on high speed network
  • There had been focus on sanctioning projects rather than completing them
  • There are 4 projects that are over 30 years old but have still not been completed
  • Managing the Railways takes most of our resources. We spend 94% of our earnings, are left with just 6 per cent
  • The medicine may act bitter in the beginning but will be a nectar in the end: Gowda
  • Need Rs 50,000 cr every year for the next ten years for Railways
  • Ministry of Railways is seeking cabinet approval for FDI in Railways, except Railway operations
  • The fare revision was tough but necessary decision, it will bring Indian Railways an additional revenue of Rs 8000 crore
  • Can get claps from this house by announcing new projects but that would be rendering injustice to the struggling organization
  • Gross traffic receipts in 2013-14 was Rs 12,35,558 crore; operating ratio was 94 per cent
  • Ministry of Railways is seeking cabinet approval for FDI in Railways, except Railway operations
  • Need PPP Route to finance bulk of projects including high speed rail
  • Need to have private-public partnership to improve condition of railways
  • Through PPP route want to provide foot-over bridges, escalators and lifts across all stations
  • Populist projects and mismanagement have brought Railways to point of funds crunch, says Rail Minister
  • Indian Railways spent Rs 41,000 crore on laying of 3,700 km of new lines in last 10 years
  • Surplus revenues declining. Hardly any resources for development work
  • I propose to introduce pre cooked and ready to eat meals of reputed brands and want battery operated cars for senior citizens at railway stations: Gowda
  • Propose to hike budgetary plan outlay to Rs.47,650 crore
  • High priority areas - safety, cleanliness, passenger amenities and capacity augmentationr
  • Large part of the budget outlay to go to safety projects
  • Will introduce RO drinking water in trains and on stations
  • Propose to outsource cleaning responsibility on 50 stations to specialist cleaning agencies
  • CCTVs at stations will be used to monitor cleaning activities
  • Severe action to be taken against vendors delivering unhygienic food, including cancellation of contracts
  • Bio-toilets in trains to be increased to mitigate direct discharge of human waste on tracks and platform
  • Severe action to be taken against vendors delivering unhygienic food, including cancellation of contracts
  • Bio-toilets in trains to be increased to mitigate direct discharge of human waste on tracks and platform
  • Ticket bookings through post offices and mobile phones will be popularized, also coin operated ticket machines
  • Contemplating setting up of a railway university, both technical and non-technical courses
  • I propose Bullet trains, Mumbai-Ahmedabad sector has been identified
  • Efforts will be made to increase speed of trains to 160-200, on select sectors
  • I propose retiring rooms on all stations: Sadananda Gowda
  • Indian Railways to set up food courts at major railway stations
  • Railways to scale down market borrowings to Rs 11,790 crore
  • Allocated Rs 100 crore For High- Speed Rail Network
  • To Have Diamond Quadrilateral Network for High-speed Trains
  • 17,000 Railway Protection Force personnel to be available soon
  • Introduction of women RPF constables, coaches meant for women to be escorted for greater safety
  • To allot Rs 1,780 Crore to eliminate unmanned level crossings
  • To have Digital Reservation Charts at stations
  • Will provide summer internships to undergraduate students from engineering background
  • E-procurement will be made compulsory for purchase of 25 lakh and more
  • Recent fare and tariff hike to mop additional revenue of about Rs 8,000 crore, says Rail Minister
  • Resource mobilisation through leveraging PSU resources, FDI and Public Private Participation
  • Solar energy to be harnessed through PPP by utilizing rooftop spaces of stations and railway buildings
  • Hospital Management Information System to integrate all railway health units and hospitals
  • Ladies' coaches to be escorted by women RPF constables; additional care for ladies travelling alone
  • 29 rail projects in Andhra Pradesh and Telangana with Rs. 20,680 crores will be completed
  • Bangalore to get suburban rails

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