Highlights of the Railway Budget 2014-15

Railway Budget 2014-15 Highlights
Union Railways Minister Sadananda Gowda presented the Rail Budget in the Parliament 8 July, 2014.

 Here are the highlights:

 Grateful to honourable PM Narendra Modi ji for having given me this opportunity and for entrusting me with this responsibility
 Honesty is the first chapter in the book of wisdom
 It gives me immense pleasure to present my first Railway Budget flooded with suggestion for new trains, new railway lines
 We now target to become the 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
 5 lakh crore required each year for the next ten years for ongoing projects alone
 23 paisa lost per passenger per km in 2012-13
 Social obligation of Railways in 2013-14 was Rs. 20,000 crore
 Focus on sanctioning projects rather than completing them
 The more projects we add the thinner we spread our resources
 I can get claps from this house by announcing many new projects but that would be rendering injustice to the struggling organization
 The fare revision was tough but a necessary decision - it will bring Indian Railways an additional revenue of 8,000 crores
 Indian Railways carries more than the entire population of Australia in a day
 Populist projects and mismanagement have brought Railways to point of funds crunch
 This state of affairs in railways needs immediate course correction
 Gross traffic receipts in 2013-14 was Rs. 1.3 lakh crore, operating ratio was 94 per cent
 Indian Railways spent Rs. 41,000 crore on laying of 3,700 km of new lines in last 10 years
 Need to explore alternative sources of resource mobilisation and not depend on fare hike alone
 Large part of the budget outlay to go to safety projects
 Maximum financial outlays for projects slated for completion in this area itself
 High priority areas - safety, cleanliness, passenger amenities and capacity augmentation
 Future projects to be financed on public-private partnership model
 Plans to attract investment from domestic and foreign players in infrastructure; focus to be on aggressive indigenisation
 FY15 Total Expenditure Pegged At Rs.1.49 lakh crore
 FY15 total receipts pegged at Rs.1.64 lakh crore
 Propose to hike budgetary plan outlay to Rs.47,650 crore
 FY15 passenger fare revenue pegged at Rs.44,600 crore
 Pre-cooked meals by reputed brands, focus on cleanliness and passenger feedback
 Outsource cleaning activities at 50 major stations, separate housekeeping wing for cleanliness and sanitation
 CCTVs to be used for monitoring cleanliness
 RO Drinking water at stations and trains
 Corporates encouraged to adopt stations for better maintenance and upkeep
 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

 Bullet train:
 Indian Railways on course to fulfill its long cherished dream. I propose a Bullet train on the Ahmedabad - Mumbai sector
 Higher speed for existing trains will be achieved by upgrading the present network
 23 projects underway in North-East. Propose to allocate higher funds than previous year for these projects

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