Friday, February 25, 2011

Indian Railway Budget Highlights 2011

Yesterday (25th Feb 2011) Railway minister of India Ms Mamta Banergee Presented Railway Budget in Indian Parliament House for the Year 2011. Railway Declared 2011-12 as a "Year Of Green Energy".Some of the Highlights are:-


COMMON PEOPLE
# No increase in passenger fares and freight rates in FY 2011/12.
# New Express Trains, 3 new Shatabdis and 9 Duronto trains to be introduced.
# AC Double Decker services on Jaipur-Delhi and Ahmedabad-Mumbai routes.
# New Super AC Class to be introduced.
# A new portal for e-ticketing to be launched shortly.
# Booking charges will be cheaper with a charge of only Rs 10 for AC classes and Rs 5 for others.
# Pan-India multi-purpose smart card 'Go India' to be introduced.
# 236 more stations to be upgraded as Adarsh Stations.
# 47 additional suburban services in Mumbai and 50 new suburban services proposed for Kolkata.
# Two new passenger terminals in Kerala and one each in Uttar Pradesh and West Bengal proposed.
# Feasibility study to raise speed of passenger trains to 160-200 kmph to be undertaken.
# A special package of two new trains and two projects for the states managing trouble free run of trains through out the year.
# Anti Collision Devise (ACD) sanctioned to cover 8 zonal railways.
# GPS Based 'Fog Safe' Device to be deployed.
# All unmanned level crossing up to 3000 to be eliminated.
# All India Security Help line on a single number set up.

NEW TRAINS
#New Janambhoomi trains Between Ahmedabad and Udhampur
# Krambhoomi Train for working class specially for Migrents.
# Bharat thirth train to be launched on Rabindranath Tagore's 150th Birth day Anniversary 
# Matribhumi Special Trains for Women

SOCIAL INITIATIVE
# A scheme for socially desirable projects, 'Pradhan Mantri Rail Vikas Yojana' with non-lapsable fund proposed.
# 10,000 shelter units proposed for track side dwellers in Mumbai, Sealdah, Siliguri, Tiruchirapalli on pilot basis.
# Concession to physically handicapped persons to be extended on Rajdhani and Shatabdi trains.
# Concession of 50 per cent to press correspondents with family increased to twice a year.
# Senior Citizens concession to be hiked from 30 per cent to 40 per cent.
# Medical facilities extended to dependent parents of the Railway employees.
# Scholarship for girl child of Group-D railway employees increased to Rs 1200 per month.
# 20 additional hostels for children of railway employees to be set up.
# Recruitment for 1.75 lakh vacancies of Group 'C' and 'D' including to fill up backlog of SC/ST initiated, 16,000 ex-servicemen to be inducted by March 2011.
# Free Journey for cancer patient in Sleeper and 3rd a/c & 75% concession for companion.

FACTS & FIGURE
# Gross traffic receipts estimated at 1.06 trillion rupees ($23.4 billion) in FY 2011/12
# Passenger numbers estimated to grow by 6.4 percent in coming financial year.
# Freight traffic estimated at 993 million tonnes in the coming financial year.
# Fresh investment of 576.3 billion rupees ($12.68 billion) into Indian Railways in the FY 2011/12.

INVESTMENT
# The government to provide 200 billion rupees ($4.4 billion) to Indian Railways in coming FY.
# Total amount of borrowing by Indian Railways Finance Corporation (IRFC) estimated at 204.54 billion rupees ($4.5 billion) in FY 2011/12
# Tax-free bonds totalling 100 billion rupees ($2.2 billion) to be issued by IRFC in the coming financial year.
#Railways development bank Rail Vikas Nigam Limited to borrow 1.4 billion rupees ($30.9 million) in coming financial year.
#Total public-private partnership investments estimated at 15.26 billion rupees ($336.5 million) in FY 2011/12.

INFRASTRUCTURE
# 1,300 kilometres (808 miles) of new rail lines to be added in FY 2011/12.
# 18,000 new wagons to be purchased.
# Two wagon units to be set up in conjunction with private partners.
# 700 megawatt gas-based captive power plant to be set up.
# A Bridge Factory in Jammu and Kashmir and a state-of-art Institute for Tunnel and Bridge Engineering is proposed at Jammu.
# A Diesel Locomotive Centre will be set-up in Manipur.
#A Centre of Excellence in Software at Darjeeling proposed under the aegis of CRIS.
# Rail Industrial Parks at Jellingham and New Bongaigaon proposed.
# Additional mechanised laundry units to be set up at Nagpur, Chandigarh and Bhopal.

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