Highlights of Railway Budget: 2013-2014

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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 movement of fuel prices.
·         A new fund – Debt Service Fund – set up to meet committed liabilities.
·         Induction of crash worthy LHB coaches with anti-climb feature.
·         Recruitment to RPF with 10% vacancies reserved for women.
·         Pilot project on select trains to facilitate passengers to contact on board staff through SMS/phone call/e-mail for coach cleanliness and real time feedback.
·         Providing free Wi-Facilities on several trains.
·         Introduction of an ‘Anubhuti’ coach in select trains to provide excellent ambience and latest facilities and services.
·         E-ticketing through mobile phones and Project of SMS alerts to passengers providing updates on reservation status.
·         67 new Express trains,27 passenger trains & 8 DEMUs to be introduced
·         1.52 lakh vacancies being filled up this year out of which 47000 vacancies have been earmarked for weaker sections and physically challenged.
·         Railway is planning 75 MW wind power generation
·         ‘Excess’ of 10,409 cr as against the budget amount of 15,557 cr.
·         500 km new lines, 750 km doubling, 450 km gauge conversion targeted in 2013-14.
·         Preliminary Engineering-cum-Traffic Studies (PETS) have been taken up on four future Dedicated Freight Corridors.
·         Dividend reduced from 5 to 4 percent
·         Diesel price hike added Rs 3,300 crore to fuel bill of Railways
·         Marginal increase in cancellation, reservation charges
·         Internet booking to be provided from 0030 hours to 2330 hours

                                  
The Indian Railways is likely to suffer a loss of Rs24,600 crore in fiscal year ending March 31 as compared to Rs22,500 crore in the previous fiscal, Railways Minister Pawan Kumar Bansal said Tuesday.


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