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Posted by S.mohamed Mohideen
(stmohideen) on 2/24/2010
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Sent: Wednesday, February 24, 2010 2:32 PM
Subject: Highlights of Railway Budget for 2010-11 Highlights of Railway Budget for 2010-11
* Minister Mamata Banerjee begins speech in Lok Sabha * Considered econ viability while formulating budget * Also considered social responsibility in budget * Objective is inclusive growth * Mission is country's development * Goal is to unite country via railways * Railways is lifeline of country * Expectations from railways high * Want to help everyone with limited infra facilities * Received over 5000 requests for what is to be done in RailBudget * Goals broken up into short-, medium-, long-term * Made vision 2020 for rail projects * To arrange funds for long term plans * Only 64,015 km of rail network achieved till now * Have to move faster on new line addition * Have to add route length faster * Limited funds available constraint for line addition * Rail infra needs still unfulfilled * Need innovative financing for Rail projects * Can't meet all demands with limited funds * New business model needs to be developed * Time for business partnership with railways has come * Special task force to develop new business model * Administrative, procedural delays discourage investor * Need to build up new business model * Special task force to ensure early clearance of plans * Not to privatise Rail department * Special task force to clear invest plans in 100 days * Need to ensure simple, friendly policy norms * To better infra by joining hands with pvt sector * Need to develop new PPP business model * Need high speed freight corridors * Large quantum of invest needed for railways * Separate structure for implementing plans * Domestic investors have tremendous scope * Separate structure in railways for implementing plans * We must set up "business model" for railways * Have to go a long way for developing Rail infra * To involve employee union in set up of business model * To lay 1,000 km new lines in 1 year * 25,000 KM route target for 2020 mission * Have met most commitments in 7 months * 117 new trains to be flagged off by Mar 31 * Out of 120 new trains 117 to be flagged off by March * To allow local language usage for Rail job exams * To exempt exam fee for minority, women, backward class * Work started on 67 multifunctional complexes * Process on for making world-class stations * Have increased financial powers of field officers * 13 bln rupees for passenger amenities * To launch special drive to improve amenities * Catering policy under review * To provide economical food in trains * Provide cheap, clean drinking water to passengers * To set up 6 new water bottling units via PPP * To set up 93 more multi-functional station complexes * Plan multi-level parking projects via PPP model * Introduce modern trolleys at all key stations * To launch 2 double-decker trains on pilot basis * Modern trolleys to help senior citizens, handicapped * Rake allotment for iron ore to be streamlined * To induct E-ticket mobile vans * To open ticket counters at village, panchayat level * To use cutting edge equipment to avoid accidents * Aim to have world class technology, trained manpower * To allow iron ore Rake booking via internet * Accidents at unmanned Rail crossings a concern * Member traffic to monitor iron ore Rake book via web * Of 17,000 unmanned crossings, 3,000 to be manned * Automatic fire detection to be implemented on pilot * To provide fire alarms in long distance trains * All rail crossings to be manned in 5 yrs * To construct more underpasses * Anti-collision device extended to 3 more rail zones * Security of passengers also a challenge * Want to strengthen railway police force * To construct more subways, low height flyovers * Law and order not Rail, but state subject * Security for women passengers to be improved * RPF not sufficient to take care of Security * To raise 12 companies of women RPF * To train women for Rail police force * Security priority for backward class women passengers * Not to increase freight tariff * To include ex-servicemen in Rail police force * To set up 5 sports academies * Railways to be lead partner for Commonwealth Games * Sports academy in Delhi, Chennai, Kolkata, Mumbai * Higher rail employment for sports persons * To run special trains for Commonwealth Games * Set up railway culture, heritage promotion board * To set up Rabindra Museum at Howrah * Rabindra Museum to be inspired by Shantiniketan * "House for all" scheme for rail employees * New plan for houses for rail employees in 10 yrs * Signed MoU with health ministry for diagnostic centres * To set up 381 diagnostic centres across country * To set up multi-functional hospitals * 20 hostels for children of women employees * To set up 50 creches for children of women staff * Already identified rail land for hospitals * HRD min to set up technical institutes on rail land * Svc charge on sleeper class cut to 10 rupee * Central staff fund contribution up at 500 rupee/staff * Svc charge on AC class cut to 20 rupee vs 40 * To extend health scheme for hawkers, vendors * To set up loco pilot training centre at Kharagpur * To acquire 80,000 new wagons * To set up centre for railway research * Kharagpur loco pilot training centre in pact with IIT * To run 101 new suburban trains in Mumbai * Rail research centre to be set up at IIT Kharagpur * Include all unions in policy making, mgmt decision * Enough coach wagons are not available * To introduce 54 new trains in FY11 * To up CLW capacity to 275 locomotives * Rae Bareli coach factory to start ops in 1 yr * FY11 freight loading aim 944 mln tns * FY11 gross traffic receipts 948 bln rupees * Kachrapada, Palakkad coach factory ops in 1 yr * To set up coach factory in Singur if land available * FY11 dividend to exchequer 66.08 bln rupees * To modernise integral coach factory in Chennai * Pvt operators can run spl freight trains * To set up wagon repair shop in Mumbai * New rail axel factory in New Jalpaiguri * To set up 5 new wagon factories * Rail axle factory at New Jalpaiguri via PPP * To set up design, testing centre at Bangalore * To extend routes of 21 trains * To set up design, development centre at Bangalore * To launch tourist trains on 16 routes * To launch 10 more duranto trains * To set up more freight corridors * FY11 plan outlay 414.26 bln rupees * To set up multipurpose Diesel unit in Sankrol * Rashtriya Swasthya Bima yojana to include hawkers * Ministry "performed well" in 2008-09 * Cut freight on foodgrain, kerosene by 100 rupee/wagon * To set up manufacturing unit of AC wagons * To introduce modified Wagon investment scheme * To set up new refrigerated container unit * To set up 10 auto ancillary hubs in PPP mode * Railways FY09 combined turnover 136.41 bln rupees * To start door-To-door Svc for freight movement * Premium tatkal service for parcel, freight movement * Railways FY09 net profit 13.28 bln rupees * To set up 10 eco-parks * To sign pact for Western Corridor next month * Concerned over progress of dedicated freight corridors * No forceful acquisition of land for rail projects * For driver optimisation system for fuel efficiency * To give employment to 1 person of land loser's family * To ink Western freight Corridor pact with Japan co Mar * To rope in business houses for freight corridors * New freight Corridor projects to be taken up * To set up "Golden Rail Corridor" * Propose to set up national high speed rail authority * 'Golden Rail Corridor" a dedicated passenger route * Highspeed rail authority to monitor passenger Corridor * To start new rail link to Bangladesh * To earn more money from non-core business * Agartala-Akura-Bangladesh rail line planned * Non-core business revenue seen at 10 bln rupees * To surpass FY10 freight target * "Rail Roko" agitations slowed freight traffic * Saved 20 bln rupees due to austerity drive * Impact of 6th pay commission 550 bln rupees * See 890 mln tn freight loading during FY10 * FY10 revised estimate on gross earning 882 bln rupee * See 944 mln tn freight loading target FY11 * 64.90 bln rupees net revenue revised estmate for FY10 * See gross traffic receipts of 947 bln rupees FY11 * FY11 working spend seen 871 bln rupees * FY11 pension appropriation 145 bln rupees * See FY11 dividend liability 66 bln rupees * FY11 plan outlay 414 bln rupees * IRFC to borrow 91.2 bln rupees in FY11 * FY11 new line allocation to cost 44 bln rupee * Funding for metro rail projects increased by 5% * FY11 operating ratio seen 93.2% * FY11 passenger amenity allocation at 13.02 bln rupee * To route socially desirable projects via plan panel * To introduce 10 rakes equipped with eco-toilets * FY11 gross budgetary support seen 158 bln rupees * Expect passenger traffic to rise by 5.3% in FY11 * Master plan for North Eastern region * 1,021 route KM doubling to be complete in 1 yr * To notify policy for special freight trains soon * To achieve 1,000 km electrification in FY11 * To achieve 700km doubling, 800km gauge conversion FY11 * States to share cost for doubling, electrification * Kolkata metro rail expansion on priority basis * 5 Kolkata metro stations to be renamed * Port connectivity via PPP, state govts * To introduce 101 new suburban trains in Mumbai * To introduce 101 new suburban services in Mumbai * New svcs to be started in Chennai suburban trains * Aim to finish phase 2 of Mumbai suburban expansion '14 * New svcs to be launched in Kolkata suburbs * To launch ladies special trains Matribhoomi * To launch Karmabhoomi trains * To launch new express trains 'Janmabhoomi' * To launch cross-country Bharat Tirtha trains * Encouraged by response to Duronto train services * To introduce more passenger trains * Minister confirms cut freight tariff on foodgrain * Minister confirms cut freight tariff on kerosene * Fare concession to film industry, journalists * Fare concession for children of journalists * E-ticket svc charges reduced * Free travel for cancer patients on AC-3 sleeper class * AC 3-tier fares free for cancer patients * No hike in passenger fare * Minister concludes RailBudget speech Ervai Share & Investment Services,
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