Friday, February 25, 2011

2011-2012 Railway Budget Highlights


NEW DELHI: Highlights of the railway budget for 2011-12 presented in the Lok Sabha on Friday by railway minister Mamata Banerjee:


- No increase in fares.

- Earnings for 2010-11 set to exceed Rs.1 lakh crore.

- Working expenditure during 2011-12 estimated at Rs.87,000 crore.

- Outlay of Rs.57,630 crore for 2011-12, the highest investment in one year.

- Rs.10,000 crore to be raised through railway bonds.

- Budget combines strong economic focus with inclusion.

- Will develop business-oriented policies to aid industry.

- Happy to announce 85 PPP proposals received; set up single-window system to take these forward.

- Decided to set-up rail-based industries.

- Passing through a difficult phase; 97 percent increase in expenditure in 2010-11 due to implementation of Sixth Pay Commission report.

- Loss of Rs.3,500 crore in 2010-11.

- Ten-year backlog of 1.75 lakh jobs being addressed; 16,000 ex-servicemen to be given jobs in railways.

- Safety first priority; accident rate has come down.

- Anti-collision device, successful in North West Frontier Railway, to be extended to three more zonal railways.

- Railways always been a soft target but law and order a state subject. If railways are blocked in one region, this has a snowballing effect in other parts of the country.

- Will add 180 km of rail lines in 2011-12.

- All-India security helpline set up.

- New Durantos to be run on Allahabad-Mumbai, Pune-Ahmedabad, Sealdah-Puri, Secunderabad-Visakhapatnam, Madurai-Chennai routes, among others.

- Rail linkage to Gujarat from Delhi-Mumbai freight corridor.

- Integrated suburban network to be set up in Mumbai, Chennai, Ahmedabad and other cities; suburban system of Hyderabad to be strengthened.

- Mumbai suburban system's EMU coaches to be increased from nine to 12.

- Pradhan Mantri Rail Vikas Yojna to be launched.

- Industrial park to be set up in Nandigram, West Bengal.

- Railways to set up factory in Jammu and Kashmir.

- To set up Metro coach factory at Singur, West Bengal.

- First coach from Rae Bareli factory to roll out in next three months.

- Work on wagon factory in Orissa to begin after land is acquired.

- Manipur capital Imphal to be soon connected to railway network.

- Centre for excellence in software to be set up at Darjeeling.

- Fund to be created for socially desirable projects.

- Central Organistaion for Project Implemtaiton created; will create accountability for non-performance.

- Work started on two dedicated freight corridors.

- Work on upgrading 442 stations to be completed by March 31.

- Decision to start pilot projects to give shelter to homeless people living along the tracks in Mumbai.

- Multi-purpose smart card to be introduced for all-India travel.

- Airport-like trolleys to be provided at more stations.

- Railways to set up a sports cadre.

- Upgraded class of air conditioned travel to be introduced shortly.

- To adopt modern technology through centres of academic excellence.

- Train to run to Bangladesh to showcase Indian culture.

- Age for senior citizen's concession reduced to 58 from 60.

- Concession for physically handicapped and gallantry award winners for travel in Rajdhani and Shatabdi expresses.

- 50 percent concession for mediapersons with families to be increased from once to twice a year.

Read More: timesofindia.indiatimes.com

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