Highlights of Railway Budget: 2013-2014
Our Honorable Railway Minister Pawan Kumar Bansal has presented his maiden railway budget in the Parliament. Key Highlights of Railway Budget: · No passenger fare hike · 5% average increase in freight rates · More usage of agro-based and recycled paper and ban use of plastic in catering. · Railways have been annually disposing of scrap which not only generates revenue but also helps in de-cluttering the work space. The minister intends to institute a special drive during the year to take up disposal of scrap lying in stores depots, workshops, along the tracks and at construction sites. A target of Rs 4,500 crore has been set for 2013-14. · IR enters the 1 billion tonne Select Club joining Chinese, Russian and US Railways. · ‘Fuel Adjustment Component’ concept to be implemented linking tariffs with movemen