Railway minister Lalu Prasad Yadav, on Friday (13th Feb 2009)presented his sixth Railway Budget.
Highlights
-Freight capacity up 78%
-Railways have raised USD 100 million at 4% interest
-Feasibility study underway for bullet trains between Delhi-Amritsar, Ahmedabad-Pune, Hyderabad-Vijaywada- Chennai, Chennai-Bangalore, Delhi-Patna, Kolkata-Haldia and Ernakulam-Howrah.
-Railways invested over Rs 36 crores
-Railways cash reserves touched 90, 000 crores
-4 call centres set up for railway enquiry
-Railways has set up four call centres for enquiries
-Invested Rs 70, 000 crore out of surplus in last four years
-To invest Rs 2, 30,000 crore in the 11th Plan
-Freight has grown at the rate of 8% in the past five years
-Decrease in the number of accidents in Railways since 2003
Highlights
-Freight capacity up 78%
-Railways have raised USD 100 million at 4% interest
-Feasibility study underway for bullet trains between Delhi-Amritsar, Ahmedabad-Pune, Hyderabad-Vijaywada- Chennai, Chennai-Bangalore, Delhi-Patna, Kolkata-Haldia and Ernakulam-Howrah.
-Railways invested over Rs 36 crores
-Railways cash reserves touched 90, 000 crores
-4 call centres set up for railway enquiry
-Railways has set up four call centres for enquiries
-Invested Rs 70, 000 crore out of surplus in last four years
-To invest Rs 2, 30,000 crore in the 11th Plan
-Freight has grown at the rate of 8% in the past five years
-Decrease in the number of accidents in Railways since 2003
Reduction in passenger fares of ordinary passenger trains by Re 1 for fares costing up to Rs fifty per passenger for journey above ten kms.
Second class and sleeper class fares of all mail/express and ordinary passenger trains to be reduced by 2 per cent for tickets costing Rs 50 and more per passenger.
Fares of AC First Class, AC II tier, AC III tier and AC Chair Car also to be reduced by two per cent.
All AC and Mail Express fares cut by 2%
- Freight rates kept unchanged
-Freight has grown at the rate of 8% in the past five years. Freight loading in the current year has come down due to economic downturn, because of which revenue has fallen. Otherwise it would have touched Rs one lakh crore.
- 43 new trains to start in 2009-10, extension of 14 trains envisaged and frequency of 14 trains to be increased.
- Kolkata Metro will be expanded
-Railways cash reserves touched Rs 90, 000 crore
-Railways have raised $100 million at 4% interest
- Railways expected to show a surplus of Rs 18,847 crore in the next fiscal.
-Feasibility study underway for bullet trains between Delhi-Amritsar, Ahmedabad-Pune, Hyderabad-Vijaywada- Chennai, Chennai-Bangalore, Delhi-Patna, Kolkata-Haldia and Ernakulam-Howrah.
-Dedicated freight corridor from Ludhiana to Kolkata to be inaugurated later this month
- Railway line between Anantnag and Rajwansher in Kashmir valley will be extended to Qazigund in four months
-4 call centres set up for railway enquiry
-Invested Rs 70, 000 crore out of surplus in last four years
-To invest Rs 2, 30,000 crore in the 11th Plan
-Decrease in the number of accidents in Railways since 2003
-Passenger volume likely to grow by around 7% over previous year
- Estimated freight earnings for next fiscal pegged at Rs 59,059 crore
Second class and sleeper class fares of all mail/express and ordinary passenger trains to be reduced by 2 per cent for tickets costing Rs 50 and more per passenger.
Fares of AC First Class, AC II tier, AC III tier and AC Chair Car also to be reduced by two per cent.
All AC and Mail Express fares cut by 2%
- Freight rates kept unchanged
-Freight has grown at the rate of 8% in the past five years. Freight loading in the current year has come down due to economic downturn, because of which revenue has fallen. Otherwise it would have touched Rs one lakh crore.
- 43 new trains to start in 2009-10, extension of 14 trains envisaged and frequency of 14 trains to be increased.
- Kolkata Metro will be expanded
-Railways cash reserves touched Rs 90, 000 crore
-Railways have raised $100 million at 4% interest
- Railways expected to show a surplus of Rs 18,847 crore in the next fiscal.
-Feasibility study underway for bullet trains between Delhi-Amritsar, Ahmedabad-Pune, Hyderabad-Vijaywada- Chennai, Chennai-Bangalore, Delhi-Patna, Kolkata-Haldia and Ernakulam-Howrah.
-Dedicated freight corridor from Ludhiana to Kolkata to be inaugurated later this month
- Railway line between Anantnag and Rajwansher in Kashmir valley will be extended to Qazigund in four months
-4 call centres set up for railway enquiry
-Invested Rs 70, 000 crore out of surplus in last four years
-To invest Rs 2, 30,000 crore in the 11th Plan
-Decrease in the number of accidents in Railways since 2003
-Passenger volume likely to grow by around 7% over previous year
- Estimated freight earnings for next fiscal pegged at Rs 59,059 crore
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