Highlights of the Railway Budget 2016-17


Railway Minister Suresh Prabhu today 25 February, 2015 presented the budget for 2016-17 in Lok Sabha.

Here are the highlights of the Railway Budget 2016 –
● Minister sees operating ratio of 92 percent in FY17 as against 90 percent in current year
● Rs 8,720 cr saving in 2015-16 budget in fuel cost like power
● The railways have ramped up capital expenditure to remove the huge backlog and provide for future needs; rate of capital expenditure has increased
● Investment proposed in 2016-17 at Rs 1.21 lakh crore, higher from Rs 1 lakh crore last year.
● Proposes to commission 2,800 km of new tracks in next year
● Outlay for railway electrification increased by 50 percent; 2,000 km route to be electrified next fiscal
● 2000 km rail route to be electrified in 2016-17
● Railways to get Rs 40,000 cr budgetary support from the government
● Railways to increase lower berth quota for senior citizens by 50 percent
● Ajmer, Amritsar, Gaya, Mathura, Nanded, Nashik, Puri, Tirupati, Varanasi, Nagapattinam and other pilgrim stations to be beautified
● Two elevated suburban railway corridors - Churchgate-Virar and CST-Panvel to be constructed in Mumbai; Ring railway covering 21 stations to be revived with state participation.
● India's first railway auto hub in Chennai to be inaugurated soon
● Logistics and warehouse parks to be created on PPP mode
● Station development and re-development, monetisation of land to raise rail revenue from non-freight sources
● Rs 30,000 crore is the loss on subsidising passenger fares, says Railway Minister
● Railways to shift to completely paperless contract system in 2016-17, says minister
● Bar-coded tickets to be introduced at select stations on pilot basis
● E-booking of tickets on concessional passes for journalists introduced
● Cleaning of coach on demand to be introduced; Disabled enabled toilet in 11 Class-A stations this year
● 33 percent reservation to women in reserved quota in Railways will be introduced
● Children menu to be introduced on pilot basis on trains
● North-South, East-West dedicated freight corridor proposed in Railway Budget for 2016-17
● Three direct services - fully air-conditioned Humsafer to travel at 130-km per hour
● Bar-coded tickets to be introduced at select stations on pilot basis
● Overnight double-decker train Uday Express to be introduced on busiest routes, carrying capacity to be 40 percent more
● Propose to start cancellation through 139. Bar-coded tickets will be issued on a pilot basis. This is aimed at reining in the menace of ticket less travel and also making travel hassle-free.
● 400 railway stations to be equipped with wifi, 100 this year
● 124 MPs have committed to contribute from MPLADS for passenger amenities.

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