Wed, 12 Feb 2014 16:00:00 GMT | By IANS, Agencies

Highlights of interim railway budget 2014-15

Following are the highlights of the Interim Railway Budget 2014-15 presented in the Lok Sabha by Railway Minister Mallikarjun Kharge


Highlights of interim railway budget 2014-15 (© AFP, Getty Images)

1. Waitlisted passengers will soon get status messages in their mobile phones if their tickets get confirmed before journey.

2. No change in passenger fares and freight charges

3. 72 new trains to be introduced: These include 17 premium trains, 38 express trains, 10 passenger trains, 4 MEMU and 3 DEMU

4. Three trains will be extended and frequency of three other trains will be increased

5. Proposed outlay of Rs.64,305 crore with a budgetary support of Rs.30,223 crore

6. Gross traffic receipts targeted at Rs.1,60,775 crore with passenger earnings of Rs.45,255 crore, goods Rs.1,05,770 crore and other coaching and sundry earnings Rs.9,700 crore

7. 19 new lines to be taken up for survey in fiscal 2014-15

8. Surveys for doubling five existing lines will also be taken up during the year

9. Meghalaya and Arunachal Pradesh to be brought on railway map

10. Independent Rail Tariff Authority set up to advice on fares and freight

11. Gross traffic receipts pegged at Rs.1,60,775 crore

12. Working expenses pegged at Rs.1,10,649 crore, which is Rs.13,589 crore higher than the revised estimates for the current fiscal

13. Freight earnings target set at Rs.94,000 crore. Loading target raised to 1,052 million tonnes

14. Services on Udhampur-Katra section to start soon. It will take passengers to the foothills of Vaishno Devi shrine

15. Allowing Foreign Direct Investment (FDI) in railways is under consideration

16. Emphasis on attracting higher investments from private sector

17. Three new factories - Rail Wheel Plant in district Chhapra, Bihar; Rail Coach Factory at Rae Bareli in Uttar Pradesh; and Diesel Component Factory at Dankuni, West Bengal, have become functional and commenced production during 2013-14

18. Operating ratio budgeted at 89.8 percent

19. Fund balances pegged at Rs.12,728 crore

20. Pension outgo budgeted at Rs.27,000 crore in 2014-15 against Rs.24,000 crore in the current fiscal

21. Ordinary working expenses placed at Rs.1,10,649 crore, higher by Rs.13,598 crore from the current financial year

22. An independent Rail Tariff Authority to be set up to advise the government on fixing fares and freight charges

23. State governments of Karnataka, Jharkhand, Maharashtra, Andhra Pradesh, and Haryana have agreed to share cost of several rail projects in their respective areas.

24. Online booking of meals in trains.

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