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BW Businessworld

Interim Railway Budget Presented In LS

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Railway Minister Mallikarjun Kharge presented the interim railways budget in Lok Sabha on Wednesday (12 February).

Highlights of the budget
 
  • Annual Rail Plan envisaged at Rs 64,305 crore with a budgetary support of Rs 30,223 crore
  • Passenger fares left untouched.
  • Operating ratio likely to be 90.8 per cent; Railways will end current year with surplus
  • Independent Rail Tariff Authority set up to advise on fixing of fares and freight, to engage all stakeholders.
  • 17 new premium trains, 38 express trains and ten passenger trains to be launched
  • FDI being enabled to foster creation of world-class rail infrastructure; several PPP projects in pipeline.
  • Rail infrastructure by cost sharing with govts of Karnataka, Jharkhand, Andhra Pradesh and Haryana.
  • Passenger rail service to Katra and Vaishnodevi to start shortly: Rail Land Development Authority has raised Rs 937 crore so far
  • Meghalaya set to come on rail map as part of extension of network in the Northeastern states.
  • More high-speed trains to be launched
  • Premium AC Spl train in Delhi-Mumbai sector with shorter advance reservation period and dynamically varying premium over tatkal fare.   
  • Railways meet from own resources total additional impact of Rs one lakh crore because of 6th Pay Commission
(Agencies)
 


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