Prabhu begins presenting India’s rail budget for 2016-17 | Daily Current Affairs 2021
1xbet 1xbet bahisno1 bahsegel casino siteleri ecopayz güvenilir bahis siteleri canlı bahis siteleri iddaa marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis restbet canlı skor süperbahis mobilbahis marsbahis marsbahis marsbahis marsbahis
bahissenin tipobet betmatik

Prabhu begins presenting India’s rail budget for 2016-17

Posted by
Subscribe for News Feed

Prabhu begins presenting India's rail budget for 2016-17Railway Minister Suresh Prabhu began presenting Railway budget 2016-17 for the next fiscal year in the Lok Sabha, promising to address the issues concerning all stakeholders — citizens, employees and industry, among others.

“These are challenging times,” Prabhu said in the opening remarks of his second rail budget speech, adding that the strategy will involve three pillars — exploring new avenues to raise revenues, improve efficiency and totally recast decision-making.

“Cooperation, collaboration and communication, are the hallmarks of Indian Railways’ journey forward,” the minister said. “We will be at the forefront of infrastructure investment in the country.”


  •  Making all-out efforts to translate dream of Prime Minister Narendra Modi into reality
  •  Aiming to achieve operation ratio of 92 percent
  •  Saving of Rs.8,720 crore from last year’s estimates
  •  Envisaging capital expenditure of Rs.1.21 lakh crore
  • Seven km of broad gauge lines to be commisssioned every day during 2016-17
  •  Hope to commission 19 km of new broad gauge track every day by 2018-19
  •  Rs.8.8 lakh crore to be spent on infrastructure in five years
  •  Rs.40,000 crore expected from the government as nudgetary support
  •  Budget that reflects the expectations of the entire nation
  •  Making all-out efforts to translaste dream of Prime minister Narendra Modi into reality
  •  Aiming tom achieve operation ratio of 92 percent
  •  Saving of Rs.8,720 crore from last year’s estimates
  •  Envisaging capistal expenditure of Rs.1.21 lakh crore
  • New governance structure required; more decentralisation and deregulation; accounting system to be revamped

  •  Resources to be generated through public-private-partnerships

  •  Suburban network in Mumbai, Kolkata and Chennai to be augmented

  •  Assets to be monetised rather than sold; land records being digitised

  • Products made by self-help groups to be encouraged

  •  Railways cannot function in business-as-usual mode, have to keep up with changing times

  •  Announcement on new trains/frequencies to be made during current parliament session

  •  Speed of trains running at 110-130 kmph to be increased to 160-20 kmph

  •  Green technology locomotives to be introduced

  •  10 cities identified for creating fully-functional satellite terminals to reduce congestion

  •  Two dedicated freight corridors gathering steam

  •  Innovation Council and Technology Portal to be set up to invite suggestions on improvements

  •  All newly-manufactured coaches to be braille-enabled

  •  Online booking for wheel chairs to be enabled

  •  MPs urged to use part of their funds for improving rail facilities

  •  Over 17,00 toilets on trains already replaced, another 17,000 to be replaced

  •  Wi-Fi facility to be extended to category B stations

  •  Open bids to be invited from private parties to develop railway stations

  •  Operational ratio of 88.5 percent targetted

  •  Defence travel system developed to eliminate system warrants

  •  SMS alerts to be introduced

  •  Paperless ticketing system to be developed

  •  New department to keep stations clean

  •  Waste to energy conversion plants to be created

  •  Toilets at stations need improvement; 650 additional toilets to be created in addition to 120 last year

  •  Investment of Rs.8.5 lakh crore in next five years

  • Over 20,000 suggestions received on improving facilities

  •  Four goals: Deliver sustained improvement in customer facilities, Make railways safer means of travel, expand substantially, make Indian Railways self-sustainable

  •  Budget part of trilogy: White paper already tabled, this budget, vision document soon

  • Railways backbone of national connectivity

  •  Will partner with private sector to improve last mile connectivity

  •  Railways unique integrator of modern India

  •  Facilities not improved substantially over past few decades

  •  Vicious cycle of under-investment must end

  •  1,219 sections on network – most of them overworked

  • In next five years, intention to substantially augment capacity

Subscribe for News Feed