Posted by Unknown on Friday, February 14, 2014 in Current Affairs | No comments
Railway Budget 2014-15 Highlights
Railway Ministry, Government of India has brought the interim railway budget 2014-15 to the parliament. Though Parliament session is not running properly this year budgets have to pass. keeping the election in mind UPA-2 did not change fare but has brought new trains. The most welcome plan is to extend the railway line to Arunachal Pradesh and Meghalaya. This would help tourist to reach these remote but beautiful areas. Let's have a glance on the budget.1. No increase in passenger fares or freight charges
2. To introduce 38 new express trains (See full list of trains introduced)
3. To introduce 17 new premium trains
4. To introduce 10 new passenger trains
5. Premium air-conditioned special train in Delhi-Mumbai sector with shorter advance reservation period and dynamically varying premium over tatkal fare
6. More high-speed trains to be launched
7. Passenger rail service to Katra and Vaishnodevi to start shortly
8. Arunachal Pradesh, Meghalaya on railway map 2014
9. Initiatives for freight corridors on eastern & western routes is an innovation in rail transport in India and will reduce transport time by half
10. Railways completed 2207 kilometres of new lines against a target of 2000 km
11. Electrification of 4556 km completed
12. Three new rail factories now functional
13. FY15 annual plan at Rs. 64,300 crore
14. IRFC, the financing arm of Railways to borrow Rs. 12,800 crore from market
15. Railways operating ratio, measure of expenses as a percentage of revenue, for 2013-14 at 90.8 per cent
16. FY15 freight loading target 1101 MT
17. FDI being enabled for rail infrastructure
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