Railway Budget 2016: Live Feed

Railway Budget of India also referred as Rail Budget is the Annual Financial Statement of the state Indian Railways, which handles rail transport in India. It is presented every year by the Minister of Railways, representing the Ministry of Railways, in the parliament.
The Railway Budget is presented every year, a few days before the Union budget of India.

The “Acworth Report” led to reorganisation of railways, the railway finances of India were separated from the general government finances in 1924. A practise which continues in independent India to date.
This year, the railway budget will be presented by Suresh Prabhu.

We will be covering the Railway Budget live feed. So keep following.

The important points in the railway budget are as follows:

This Budget owes its inspiration to vision of PM Modi who said: “My vision is to make railways backbone of India’s progress & economic development.

  • For year 2016-17 we expect the operating ratio of 92%. 
  • A  saving of Rs. 8,720 crore for Budget estimates of last year will be effected this year.
  • In 2016-17, the capital plan will be Rs. 1,21,000 crore.
  • We hope to generate revenues of order of Rs.1,84,820 cr next year, 10.1% higher than revised target of current year.
  • Indian Railways will generate employment of 9 crore man-days in 2017-18 and 14 crore man-days in 2018-19
  • Rail Minister Suresh Prabhu outlines 3 pillars of strategy – raise new revenues, raise productivity and efficiency and revamp the processes.
  • LIC has agreed to fund Rs 1.5 lakh crore over next 5 years at favourable terms
  • Specialised teams have been mandated to screen rail operations ins specific areas to detect inefficiencies
  • Railways to increase lower berth quota for senior citizens by 50%
  • Railways announces measures for women security: All India 24X7 helpline, CCTV surveillance, reserved middle bay in coaches
  • Enhanced capacity of e-ticketing system from 2000 tickets/min to 7,200/min.
  • Wi-Fi at 100 railway stations this year and 400 next year.
  • Focus to Swacch Bharat Scheme,17,000 bio-toilets and additional toilets to be provided by end of this Fiscal Year.
  • 1,600 km of electrification this year and 2,000 km proposed for the next year.
  • More than 1 lakh telephone calls are made everyday to seek inputs from passengers.
  • In-principle approval from 17 States to form joint ventures. 
  • North-East India, especially Mizoram and Manipur, to be connected through broad gauge soon.
  • 2,800 km of new tracks in next year.
  • Indian Railways to surpass ambitious target of commissioning 2500 kms of broad gauge lines, almost 30% higher than last year.
  • Every Rupee in investment in Railways has the capacity to increase economy wide output of Rs. 5.
  • New freight corridors announced: Delhi-Chennai, Kharagpur-Mumbai, Kharagpur-Vijayawada.
  • Two dedicated freight corridors by 2019.
  • I’m setting aside Rs. 50 crore for providing innovation grants to start-ups.
  • 33% sub-quota for women under all reserved categories.
  • In-principal nod for MUTP projects received.
  • India’s first rail auto hub to come up in Chennai.
  • We will partner with the Govt. of TN for developing suburban network in Chennai through innovative financing methods.
  • Ring Railway to be redeveloped in partnership with the Delhi government.
  • India’s first rail auto hub to come up in Chennai.
  • We intend to publish Rail Bandhu magazine in all regional languages.
  • Elevated rail corridors from Churchgate to Virar and CST to Panvel on the cards.
  • We’ll install GPS-based digital display in coaches for showing upcoming stations.
  • Coolies will be called ‘Sahayaks’.
  • Children’s menu, baby foods, baby boards to be made available for travelling mothers.
  • All new Railway stations to be built as per Accessible India guidelines.
  • We’ve introduced Sarthi Seva in Konkan Railways for help to senior citizens; will expand this service.
  • The cleaning of toilets by requests through SMS.
  • We’ll open cancellation facility through 139 helpline number.
  • Journalists to get facility of e-booking of tickets on concessional passes.
  • We are planning to introduce bar-coded tickets on pilot basis to tackle menace of ticketless travel.
  • Overnight double-decker trains to be introduced on business travel routes.
  • We have opened long awaited Broad Gauge Lumding-Silchar section in Assam, connecting Barak Valley with rest of country.
  • Long distance superfast train Antyodaya Express for unreserved passsengers.
  • Fully unreserved superfast trains to be introduced on dense traffic routes.
  • We’ll introduce Deen Dayal coaches for long distance trains for unreserved passengers.
  • A full-fledged Railway University soon.
  • CCTV network has been provided at 311 railway stations.

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  1. This years Budget is really stable and focus is on modifying exsisting things in railway. It is better to work on small things then to promise something big which is not feasible.
    So from common man point of view budget is really good

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