{"id":6796,"date":"2014-07-08T13:24:00","date_gmt":"2014-07-08T13:24:00","guid":{"rendered":"http:\/\/dwarkaparichay.com\/blog\/2014\/07\/highlights-of-railway-budget-2014-15\/"},"modified":"2018-06-04T16:31:53","modified_gmt":"2018-06-04T16:31:53","slug":"highlights-of-railway-budget-2014-15","status":"publish","type":"post","link":"https:\/\/dwarkaparichay.com\/blog\/highlights-of-railway-budget-2014-15\/","title":{"rendered":"Highlights of the Railway Budget 2014-15"},"content":{"rendered":"
\n
\nFocuses on Investments, Cleanliness and Safety<\/b><\/p>\n

Railway Budget 2014-15 emphasizes on boosting investments, capacity utilization, cleanliness, safety and provision of better amenities for the passengers. It is a progressive budget which promises to launch network of high speed trains in the country. The Budget has given priority to raise surplus funds for the Railways through improving infrastructure by public private partnerships (PPPs), mobilizing foreign direct investment flows, allocating substantial outlay for safety and bringing transparency in execution of projects. Some remarkable initiatives have been introduced keeping different sections of society into consideration.<\/p>\n

\nAchievements \/ Initiatives<\/b><\/p>\n

\u00b7 XIth Five Year Plan Targets exceeded in New Lines (2,207 km) , Doubling (2,758 km) and Electrification (4,556 km), Production of Diesel (1,288) & Electrical (1,218) Locos and Acquisition of Wagons (64,875)<\/p>\n

\u00b7 Dedicated Freight Corridors on the Eastern and Western Routes \u2013 leading to strategically critical capacity augmentation.<\/p>\n

\u00b7 Railways met from its own means the total additional impact of Rs one lakh crore due to implementation of 6th Pay Commission<\/p>\n

\u00b7 In 2013-14, 1532 km of New Lines, Doubling and Gauge Conversion commissioned.<\/p>\n

\u00b7 Production commenced at the new factories \u2013 Rail Wheel Plant, Chhapra ; Rail Coach Factory, Rae Bareli ; and Diesel Component Factory, Dankuni.<\/p><\/div>\n

\n<\/div>\n
\n<\/a><\/div>\n
\n
<\/b><\/div>\n
\nMeasures for improving Safety & Security<\/b><\/p>\n

\u00b7 No unmanned Level Crossing. A total of 5,400 unmanned level crossings eleiminated \u2013 2,310 by manning it and 3,090 by closure \/ merger \/ construction of ROBs or RUBs.<\/p>\n

\u00b7 Improved audio \u2013 visual warning to road users in advance of approaching trains.<\/p>\n

\u00b7 Induction of indigenously developed Train Collision Avoidance System<\/p>\n

\u00b7 Development of \u2018crashworthy\u2019 coaches<\/p>\n

Financial Health<\/b>
\nRail infrastructure by cost sharing arrangement with State Governments; Karnataka, Jharkhand, Maharashtra, Andhra Pradesh and Haryana agreed to several projects
\nSeveral Public Private Partnerships (PPP) projects are in the pipeline.
\nFDI being enabled to foster creation of world-class rail infrastructure.
\nRail Land Development Authority raised Rs 937 crore so far.<\/p>\n

Modernisation and Technology Induction<\/b><\/p>\n

High Speed Trains<\/p>\n

I. Joint feasibility study by India and Japan for Mumbai \u2013 Ahmedabad Corridor to be co-financed by Japan International Cooperation Agency<\/p>\n

II. Business Development Study by SNCF for Mumbai \u2013 Ahmedabad corridor.
\nSemi- High Speed Projects<\/p>\n

I. Exploring low cost option of speeds 160- 200 kmph on select routes<\/p>\n

Green Initiatives<\/b><\/p>\n

\u00b7 Railway Energy Management Company becomes functional. Windmill and solar power plants to be set up with 40% subsidy from Ministry of New & Renewable Energy.<\/p>\n

\u00b7 200 Stations, rooftops of 26 buildings and 2,000 level crossing gates to be covered.<\/p>\n

\u00b7 Railways bagged 22 out of 112 awards given by the Government.<\/p>\n

\u00b7 \u2018Green Curtains\u2019 along the track close to major stations; Pilot work at Agra and Jaipur<\/p>\n

\u00b7 Coverage of Bio-toilets in 2,500 coaches and would be increased progressively.<\/p>\n

Passenger Friendly Initiatives<\/b>
\nOverwhelming public response to e-booking of ticket
\nOn-line tracking of exact location and running of train movements
\n51 Jan-Ahaar outlets for Janta Meals ; 48 passenger escalators commisionsed at stations and 61 more being installed ; air-conditioned EMU services in Mumbai from July 2014 ; information display system in important trains to indicate stations & arrival time.
\n\u2018Upgradation\u2019 scheme extended to AC Chair Car and Executive Chair car passengers.<\/p>\n

Revenue Freight Traffic<\/b>
\nLoading target of 1047 Million Tonnes for 2013-14 would be surpassed
\nEmpty Flow Discount Scheme to be implemented
\nCarrying Capacity + 9 tonne + 1 tonne routes being planned
\nEasing of some restrictions on movement of imported commodities through Containers
\nCarrying capacity of 20 feet containers increased by 4 tonnes
\nParcel Terminals & Special Parcel Trains with scheduled timings.
\nNew policy on parcels to encourage transportation of milk.
\nNew concept of \u2018hub and spoke\u2019 for parcel business
\nThird party warehousing in Special Parcel Terminals envisaged.<\/p>\n

Budget Estimates 2014-15<\/b>
\nLoading target of 1,101 Million Tonnes
\nGross Traffic Receipts targeted at Rs 1,60,775 crore with Passenger Earnings (Rs 45,255 crore), Goods (Rs 1,05,770 crore), Other Coaching & Sundry Earnings (Rs 9,700 crore)
\nOrdinary Working Expenses placed at Rs 1,10,649 crore, higher by Rs 13,589 crore
\nPension Outgo budgeted at Rs 27,000 crore against Rs 24,000 crore for 2013-14
\nThe entire Dividend of Rs 9,117 crore to General Exchquer will be paid
\nFund Balances likely to be Rs 12,728 crore.
\nOperating Ratio budgeted at 89.8%<\/p>\n

Annual Plan 2014-15<\/b>Annual Plan envisaged at Rs 64,305 crore with a Budgetary Support of Rs 30,223 crore , Internal Resources of Rs 10,418 crore and Extra Budgetary Resources of Rs 19,805 crore
\nNew Surveys: 19 New Lines & 5 Doubling<\/p>\n

\n<\/a><\/div>\n


<\/b>
\nNew Services<\/b><\/p>\n

New Trains<\/b>
\n17 Premium trains
\n38 Express trains
\n10 Passenger trains
\n4 MEMU
\n3 DEMU<\/p>\n

Extension and Increase in frequency<\/b>
\n3 Extension of trains
\n3 increase in frequency<\/p>\n

– Dr. S P Sharma<\/b>
\nChief Economist<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Focuses on Investments, Cleanliness and Safety Railway Budget 2014-15 emphasizes on boosting investments, capacity utilization, cleanliness, safety and provision of better amenities for the passengers. It is a progressive budget which promises to launch network of high speed trains in the country. The Budget has given priority to raise surplus funds for the Railways through improving infrastructure by public private partnerships (PPPs), mobilizing foreign direct investment flows, allocating substantial outlay for safety and bringing transparency in execution of projects. Some remarkable initiatives have been introduced keeping different sections of society into consideration. Achievements \/ Initiatives \u00b7 XIth Five Year Plan <\/p>\n","protected":false},"author":1,"featured_media":32832,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64,1],"tags":[1879,67],"class_list":["post-6796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-update","tag-update","tag-views","has_thumb"],"_links":{"self":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts\/6796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/comments?post=6796"}],"version-history":[{"count":1,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts\/6796\/revisions"}],"predecessor-version":[{"id":32834,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts\/6796\/revisions\/32834"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/media\/32832"}],"wp:attachment":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/media?parent=6796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/categories?post=6796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/tags?post=6796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}