Jai Hind Jai Bharat

Jai Hind Jai Bharat

Sunday, February 27, 2011

Rail Budget 2011

Railway Budget 2011- 2012 was presented on 25th February 2011 by Hon'ble Railways Minister Ms. Mamta Bannerjee.

Salient features of the Rail Budget are as follows:

  • Earnings for 2010-11 set to exceed Rs.1 lakh crore.
  • Working expenditure during 2011-12 estimated at Rs.87,000 crore.
  • Outlay of Rs.57,630 crore for 2011-12, the highest investment in one year.
  • Rs.10,000 crore to be raised through railway bonds.
  • No increase in fares.
  • Decided to set-up rail-based industries.
  • Passing through a difficult phase; 97 percent increase in expenditure in 2010-11 due to implementation of Sixth Pay Commission report.
  • Loss of Rs.3,500 crore in 2010-11.
  • Ten-year backlog of 1.75 lakh jobs being addressed; 16,000 ex-servicemen to be given jobs in railways.
  • Safety first priority; accident rate has come down.
  • Anti-collision device, successful in North West Frontier Railway, to be extended to three more zonal railways.
  • Will add 180 km of rail lines in 2011-12.
  • All-India security helpline set up.
  • New Durantos to be run on Allahabad-Mumbai, Pune-Ahmedabad, Sealdah-Puri, Secunderabad-Visakhapatnam, Madurai-Chennai routes, among others.
  • Rail linkage to Gujarat from Delhi-Mumbai freight corridor.
  • Integrated suburban network to be set up in Mumbai, Chennai, Ahmedabad and other cities; suburban system of Hyderabad to be strengthened.
  • Mumbai suburban system's EMU coaches to be increased from nine to 12.
  • Pradhan Mantri Rail Vikas Yojna to be launched.
  • Industrial park to be set up in Nandigram, West Bengal.
  • Railways to set up factory in Jammu and Kashmir.
  • To set up Metro coach factory at Singur, West Bengal.
  • First coach from Rae Bareli factory to roll out in next three months.
  • Work on wagon factory in Orissa to begin after land is acquired.
  • Manipur capital Imphal to be soon connected to railway network.
  • Centre for excellence in software to be set up at Darjeeling.
  • Work on upgrading 442 stations to be completed by March 31.
  • Decision to start pilot projects to give shelter to homeless people living along the tracks in Mumbai.
  • Multi-purpose smart card to be introduced for all-India travel.
  • Airport-like trolleys to be provided at more stations.
  • Upgraded class of air conditioned travel to be introduced shortly.
  • Train to run to Bangladesh to showcase Indian culture.
  • Age for senior citizen's concession reduced to 58 from 60.
  • Concession for physically handicapped and gallantry award winners for travel in Rajdhani and Shatabdi expresses.
  • 50 percent concession for mediapersons with families to be increased from once to twice a year.
--
Received with Thanks from

Haider Ajaz

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