Railway Minister Lalu Prasad Yadav announced his fifth Railway budget 2008-09 today (Feb 26, 2008). Key highlights of the Railway Budget are as follows:
> Revenue from passenger fares rose 14% in 2007-08
> In April-December, revenue from frieght services climbed 8-10% to Rs 347 billion
> Additional frieght services of Rs 20 billion
> Cash surplus of Rs 250 billion
> Operating ratio at 76%
> Dividend of Rs 88
> Railway fund balance up at Rs 204.80 billion
> Reduced fares helped to increase volumes and profits
> Productivity of railway assets have been constantly increasing
> Adopted tariff to go up market share and revenues
> To produce only stainless steel coaches from FY10
> To link train via software communications by 2009
> New coaches in all Shatabdi Trains by 2011
> To have online contol of trains in 2 years
> New coaches in all Rajdhani Trains by 2009
> Plan to spend Rs 750 bn on infrastructure over 7 years
> Stainless steel coaches likely to benefit steel companies viz. JSW Steel, Jindal Stainless,
Tata Steel, BEML, Texmaco
> 25 - 20 Tonne Axle Loads trains to be started
> Thrust on IT likely to benefit domestic software companies
> To manufacture 20,000 Wagons by FY09
> 50 new terminals planned in Mumbai, Pune, Ghaziabad
> To have new Wagon Leasing Policy
> 200 MT tariff seen from cement in 2011 - 12
> Container Corporations ( CONCOR ) to set up 8 Depots
> To have new policy for Bulk Handling Terminals
> Annual steel traffic aim at 200 million tonnes (MT) by 2011 from 120 MT now
> ETA Display in the long route trains likely to benefit MIC Electronics
> Rs 40 billions to come from real estate development in 2008-09
> Connectivity to Mundra likely to benefit Mundra SEZ, Tata power, Reliance Energy.
> Focus on increased security at railway stations
> Gangmen could become Gatemen in unmanned process
> Planning smart card based ticket system
> Senior citizen women to get a relief of 50% from 30% now
> More facilties to be provided to old and women passengers
> Plan fire prevention device in train coaches on pilot basis, it could cost Rs 70 billions if implemented fully
> CCTV, metal detectors to be installed in all railway stations
> CFL`s to be used in order to encourage power saving
> Doubling of lines to be given priority
> Coach factory to be set up in Kerala, Kerala Government has given 1000 acres land for its
development
> Railways to provide escalators at 50% of the railway stations
> Mother Child Health Express likely to be started
> Fares cut announced by Railway Minister
> Sleeper fare cut upto 5% across the board, Re 1 discount to all fares upto Rs 150
> AC I fares to cut by 7%, AC II by 4% and AC III by 3%
> Frieght on petrol and diesel cut by 5%
> Frieghtrates on FLY ASH cut by 14%
> In April-December, revenue from frieght services climbed 8-10% to Rs 347 billion
> Additional frieght services of Rs 20 billion
> Cash surplus of Rs 250 billion
> Operating ratio at 76%
> Dividend of Rs 88
> Railway fund balance up at Rs 204.80 billion
> Reduced fares helped to increase volumes and profits
> Productivity of railway assets have been constantly increasing
> Adopted tariff to go up market share and revenues
> To produce only stainless steel coaches from FY10
> To link train via software communications by 2009
> New coaches in all Shatabdi Trains by 2011
> To have online contol of trains in 2 years
> New coaches in all Rajdhani Trains by 2009
> Plan to spend Rs 750 bn on infrastructure over 7 years
> Stainless steel coaches likely to benefit steel companies viz. JSW Steel, Jindal Stainless,
Tata Steel, BEML, Texmaco
> 25 - 20 Tonne Axle Loads trains to be started
> Thrust on IT likely to benefit domestic software companies
> To manufacture 20,000 Wagons by FY09
> 50 new terminals planned in Mumbai, Pune, Ghaziabad
> To have new Wagon Leasing Policy
> 200 MT tariff seen from cement in 2011 - 12
> Container Corporations ( CONCOR ) to set up 8 Depots
> To have new policy for Bulk Handling Terminals
> Annual steel traffic aim at 200 million tonnes (MT) by 2011 from 120 MT now
> ETA Display in the long route trains likely to benefit MIC Electronics
> Rs 40 billions to come from real estate development in 2008-09
> Connectivity to Mundra likely to benefit Mundra SEZ, Tata power, Reliance Energy.
> Focus on increased security at railway stations
> Gangmen could become Gatemen in unmanned process
> Planning smart card based ticket system
> Senior citizen women to get a relief of 50% from 30% now
> More facilties to be provided to old and women passengers
> Plan fire prevention device in train coaches on pilot basis, it could cost Rs 70 billions if implemented fully
> CCTV, metal detectors to be installed in all railway stations
> CFL`s to be used in order to encourage power saving
> Doubling of lines to be given priority
> Coach factory to be set up in Kerala, Kerala Government has given 1000 acres land for its
development
> Railways to provide escalators at 50% of the railway stations
> Mother Child Health Express likely to be started
> Fares cut announced by Railway Minister
> Sleeper fare cut upto 5% across the board, Re 1 discount to all fares upto Rs 150
> AC I fares to cut by 7%, AC II by 4% and AC III by 3%
> Frieght on petrol and diesel cut by 5%
> Frieghtrates on FLY ASH cut by 14%
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