D.V. Sadananda Gowda Presented Railway Budget 2014 | Current Affairs, Current Affairs 2017

D.V. Sadananda Gowda Presented Railway Budget 2014

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Railway Minister Sadananda Gowda Presented Railway Budget

Railway Minister Sadananda Gowda Presented Railway Budget

Railway Minister D.V. Sadananda Gowda presented the rail budget in Lok Sabha Tuesday, promising to serve the social obligations of the ministry, but with an eye on financial viability and the need to maintain and upgrade the network.

Highlights of Railway Budget:

* Five Jan Sadharan trains, five premium trains and six AC express trains to be introduced

* Run of 11 trains to be extended

* Special festival trains to continue

* Open mind to correct shortcomings

* Twenty three railway projects underway in the northeast; Rs.5,116 crore allocated for this in 2014-15 – a jump of 54 percent from the previous fiscal

* Dedicated freight corridor projects to be closely monitored

* Banihal-Katra link in Jammu and Kashmir to be taken up; in the interim, a bus system has been introduced to enable travel to Srinagar on a single ticket

* Wi-Fi at select stations and on some trains

* Paperless railway offices in five years

* Diamond quadrilateral to be launched for high-speed trains; Rs.100 crore allocated for taking project forward

* Trains on select routes to be speeded up to 160-200 km per hour

* Ticketing to be further modernised to issue 7,200 tickets per minute

* Land records need to be digitised for better utilisation; PPP mode to be explored for better management and revenue

* Innovation Incubation Centre to be set up

* 4,000 women constables recruited in RPF to make travel in women’s coaches safer

* Pre-cooked ready-to-eat meals to be introduced

* Food courts to be introduced at major stations to provide regional flavour; pilot project on New Delhi-Amritsar and New Delhi-Jammu Tawi routes

* Forty percent increase in expenditure on cleanliness; CCTVs to monitor cleanliness at stations

* Special train on teachings of Swami Vivekananda

* Receipts in 2014-15 estimated at Rs.164,374 crore, expenditure at Rs.149,176 crore

* Fare revision will bring in Rs.8,000 crore; need another Rs.9,000 crore for golden quadrilateral project

* Backbone of supply chain of defence establishment

* Carry one billion tonnes of freight every year

* Decline in traffic growth in 2013-14

* Would require Rs.5 lakh crores in 10 years for modernisation

* Receipts in 2013-14 were Rs.139,550 crore; expenditure was Rs.130,321 crore

* Spend 94 paise of every rupee earned, leaving a surplus of only 6 paise

* With 12,500 trains, railways move 23 million passengers every day; equivalent to moving Australia’s population

* Target to become largest freight carrier in the world

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