7/4/09

Indian Rail Budget Highlights

. 7/4/09

Presenting the Railway Budget for 2009-10 in Parliament, Minister of Railways Kumari Mamata Banerjee announced that there will be no increase in passenger fare and freight tariff. She said that the budget will have approach for ‘inclusive growth’ and expansion of rail network to take development to every corner of the country.

Presenting the railway budget she proposed an outlay of INR 40,745 crore for 2009-10. Out of this, INR 2,921 crore will be spent on new lines, INR 1,750 crore on gauge conversion and INR 1,102 crore on passenger amenities, which is 119% more than the allocation in the interim budget. INR 424 crore will also be spent on railway staff amenities.

She proposed freight loading target of 882 million tonnes and estimated gross freight receipt at INR 88,419 crore

Giving an overview of financial performance of the Railways in 2008-09, the minister informed that freight loading during the period grew by 5% while traffic receipt increased by 11.4% to reach INR 79,862 crore

The budget has proposals for 7 new lines, gauge conversion of 17 lines and doubling of 13 railway lines. In addition, proposals for 53 new lines, 3 gauge conversion and doubling of 12 lines will be processed during the year.

Highlights:
1. NO INCREASE IN PASSENGER FARE AND FREIGHT TARIFF

2. BUDGET TO HAVE INCLUSIVE GROWTH AND EXPANSION OF RAILWAY NETWORK TO EVERY CORNER OF THE COUNTRY

3. PLAN OUTLAY OF INR 40,745 CRORE PROPOSED FOR 2009-2010,

4. PASSENGER AMENITIES GET HIGH PRIORITY, TO GET 119% INCREASE

5. TRAFFIC RECEIPTS DURING 2008-09 INCREASE BY 11.4 % WHILE FREIGHT LOADING GREW BY 5%

6. SPECIAL TRAINS FOR PERISHABLE FARM PRODUCE, FACILITIES FOR TRANSPORTATION OF RURAL CRAFT

7. WORKS FOR 7 NEW LINES, GAUGE CONVERSION OF 17 LINES AND DOUBLING OF 13 LINES TO BE TAKEN UP

8. FASTER PARCEL SERVICES PROPOSED ON THREE ROUTES

9. TATKAL SCHEME TO BE MADE PASSENGER FRIENDLY

10. RAILWAY TICKETS TO BE MADE AVAILABLE THROUGH POST OFFICES AND ‘MUSHKIL AASAAN’ MOBILE VANS

10. CONCESSION FOR PRESS PERSONS INCREASED TO 50%

11. MONTHLY TICKET OF INR 25 FOR UNORGANIZED SECTOR/POOR UNDER ‘IZZAT’ SCHEME

12. “ONLY LADIES’ EMU TRAINS AT DELHI, KOLKATA AND CHENNAI

13. “YUVA TRAINS” FROM RURAL HINTERLAND TO METROS AT CONCESSIONAL FARE

14. 12 NEW POINT-TO-POINT “DURANTO” TRAINS

Ø 57 NEW TRAINS, EXTENSION OF 27 TRAINS AND INCREASE IN FREQUENCY OF 13 TRAINS AND AIR-CONDITIONED DOUBLE-DECKER TRAINS PROPOSED

15. 50 STATIONS TO BE UPGRADED TO WORLD CLASS STATIONS

16. LONG DISTANCE TRAINS TO HAVE ON-BOARD DOCTORS AND INFOTAINMENT SERVICES

17. HANDICAPPED AND AGED PERSONS TO HAVE MORE AMENITIES

18. SPECIAL FUND FOR THE DEVELOPMENT OF NORTH EAST RAILWAY

19. QUAZIGUND-ANANTNAG LINE TO BE COMPLETED BY NEXT MONTH

20. 6560 RAILWAY STAFF QUARTERS TO BE CONSTRUCTED AND GROUP ‘D’ EMPLOYEES TO GET SCHOLARSHIPS FOR THEIR GIRL CHILD

21. RAILWAYS TO COME OUT WITH WHILE PAPER ON FINANCIAL STATUS AND VISION-2020 DOCUMENT





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1 comments:

urvi said...

According to me Fringe Benefit Tax has been abolished so it will help all companies and the luxury bus operators who transported passengers either interstate or intra state will now be tax free. For more details on financial budget refer http://www.prime-targeting.com/highlights-of-indian-financial-budget-2009-2010/

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