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Thursday, February 25, 2016

Railway Budget Key Highlights





Radio stations will provide train-borne entertainment through PA system.

Railway to inaugurate India's first rail auto hub in Chennai.

1,780 automatic ticket vending machines, a live hotline for queries, 17,000 bio-toilets in 475 trains, wi-fi services at a number of stations.

Introduction of  33 percent sub-quota for women in each reserved categories.

20,000 display screens across 2000 stations to disseminate information.

Children's food menu and services for senior citizens

Railway to facilitate cancellation through 139 helpline post OTP verification to improve tatkaal services.

Introduction of Bio-toilets.

Trains Announced: 

 Semi High Speed train TEJAS(Speed Above 130Km/h
Fully AC HUMSAFAR EXPRESS
2 to 4 Deen Dayal Coaches for Unreserved Travel 
ANTYODATYS EXPRESS Superfast Train service    (Fully Unreserved)  

Railway ministry gives financial closure and early award of  tenders for 2 elevated suburban corridors between Churchgate-Virar and CSTM-Panvel in Mumbai.

Annualized savings of Rs 3000 crore to be achieved in FY17.

The Direct Freight Corridor project is gaining momentum. Proposal to set up three freight corridors,. It is not clear if this means three fresh corridors or includes the two existing under-construction (East and West) corridors.

Indian Railways will surpass its ambitious target of commissioning 2500 km of broad gauge lines.

The Railways is targeting FY17 gross revenue target of Rs 1.85 lakh crore, up 10% YOY. Of this, freight revenue is likely to be Rs 1.18 lakh crore. Passenger revenue target is at Rs 51012 crore, up 12.4 %.

LIC has agreed to fund Rs 1.5 lakh crore over next five years on very favourable terms.

The Railways is expected to meet an operating ratio of 90 percent this fiscal ;as opposed to a target of 89 percent laid out in the Budget last year

No freight fare hike.

Cabinet has approved redevelopment of 400 stations via PPP mode.

No growth in passenger freight revenues.

No growth in freight revenues.

No fare hike, Freight hike revision soon

Reorganization of railway Board

E-ticket capacity 7,000 tickets/minute now vs 2,000 earlier.