RAIL BUDGET=2014 Target to become the largest freight carrier of - TopicsExpress



          

RAIL BUDGET=2014 Target to become the largest freight carrier of the world. > Need Rs50,000cr Every Year For 10 Years. > Propose FY15 market borrowing at Rs11,79.0cr. > Spend 94ps on every Re earned. > FY15 Estimate for surplus seen at Rs602cr. > Four projects are 30 years old which are yet incomplete. > Require Rs5Lcr to finish ongoing projects. > Of the 676 projects sanctioned, only 356 remain completed. > Gross Traffic Receipt at Rs1.39Lcr. > FY14 operating ratio at 94%, 6% is surplus. > Railways Generating A Meagre Surplus For Capex Every Year. > Railway Min Seeks Cabinet Approval For FDI In Railways. > Need Cabinet Approval For FDI In Rail Except Rail Ops. > Need Rs9Lcr for funding Diamond Quadrilateral. > Recent fare revision to net Rs8,000cr to Railways. > Bulk of future projects to be financed via PPP route. > Will Encourage Wagon-leasing Market. > To Fund Future Projects, Incl High Speed Trains Via PPP Mode. > Prioritising time lines to finish pending projects. > Passenger earnings fell short by Rs968cr vs Estimates. > To Privatise & Set Timeline For Ongoing Projects. > Seeking Cabinet nod to allow #FDI in Railway sector. > Spent Rs18,400cr on doubling 5,050km tracks in 10 years. > Had surplus of Rs3,783cr last fiscal. > Total Receipts Pegged At Rs1.64Lcr. > Total Expenditure Pegged At Rs1.49Lcr. > Expect Freight Traffic Growth Of 4.9% In FY15. > Estimate Passenger ticket sales at Rs44,645cr in FY15. > Propose To Hike Budgetary Plan Outlay To Rs47,650cr. > Aiming at 4.9% growth in freight traffic in FY 15. > See 2% growth in passenger traffic in FY15. > FY15 Passenger Fare Revenue Pegged At Rs44,600cr. > See Plan outlay at Rs47,650cr for FY15. > Scales down FY15 IRFC mkt borrowing to Rs11,790cr. > See pension provision at Rs28,850cr in FY15. > Through PPP route, we want to provide foot-over bridges, escalators and lifts across all stations. > To set up food courts at major stations. > FY15 Total Receipts Pegged At Rs1.64Lcr Vs Rs1.39LCr (YoY). > Passengers can order food through SMS / Phone; severe action against vendors delivering unhygienic food. > To outsource cleaning responsibility on 50 stations to specialist cleaning agencies. > To encourage corporates to adopt stations for improvement. > Cleaning services to be outsourced to specialist agencies. > RO drinking water units, mechanised laundry & outsourced cleaning activities to be introduced. > Aim to spend Rs40,000cr to lay new track this fiscal. > CCTV At Major Stations To Monitor Cleanliness. > E-ticketing system to be improved to support 7200 tickets per minute as against 2000 tickets at present. > First Bullet Train Will Be Launched In Mumbai-Ahmedabad. > To Have Diamond Quadrilateral Network For High-speed Trains. > Coaches for women to be escorted by RPF women constables; more safety measures for women travelling alone. > Allocated Rs100cr For High- Speed Rail Network. > Bullet trains a priority; to launch high-speed rails to connect major cities. > To spend Rs100cr for high speed trains between metros. > Working On Making Railways Office Paperless In 5 Years. > To Allot Rs1,780cr To Eliminate Unmanned Level Crossings. > Special schemes for railway personnel; to set up a Railway University for both technical & non-technical subjects. > Bullet trains to start off on an already identified Mumbai-Ahmedabad sector. > To Offer Wi-fi Services In All A Category Trains. > To Have Digital Reservation Charts At Stations. > To Talk To Industry To Attract Invst Under PPP, BOT Modes. > To Facilitate Connectivity To New Ports Via Pvt Partnership. > To Speed Up Coal Connectivity In Areas Like Jharsuguda. > To set up modern logistic parks, warehouses for freight storage. > To boost fruit, vegetables transport via AC storage spaces. > Rs5,116cr Earmarked For Projects In Northeast This FY. > Railway Min Seeks Cabinet Approval For FDI In Railways. > FY15 Total Receipts Pegged At Rs1.64Lcr Vs Rs1.39Lcr (YoY). > FY15 Total Expenditure Pegged At Rs1.49Lcr. > Expect Freight Traffic Growth Of 4.9% In FY15. > Budget Allocation For Cleanliness Increased By 40%. > e-Ticketing Through Mobile Phones Will Be Popularised. > Propose To Restructure Railway Board. > Railways To Use Biodiesel For Up To 5% Of Total Diesel Needs.
Posted on: Tue, 08 Jul 2014 09:11:57 +0000

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