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Highlights of Indian Railway Budget 2011

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Railway Budget

Indian Budget

Railway budget 2011 was presented in Indian Parliament today. As expected, Union Railway Minister Mamata Banerjee, while presenting her third Rail budget in a row, barely attended to the mounting deficit of the transportation institution and instead yielded to gimmicks that befits a politician eyeing the polls—in this case the West Bengal Assembly.

Here is a list of proposals made by the Railway Minister as part of her Railway Budget 2011.

* Some rolling stock materials not available
* Have to depend on imports for rolling stock material
* To set up coach factory in Palaghat
* To set up metro coach factory in Singur
* To set-up diesel locomotive centre in Manipur
* Imphal to be connected with rail network soon
* To set up new coach factory at Kolar via PPP or JV
* To set up two more wagon units under JV mode
* To set up two more wagon units in Kerala
* To set up rail industrial park at new Bongaigaon, Nandigram
* To set up 700 MW gas-based power plant in Maharashtra
* Planning 1320 MW thermal power plant in Agra
* To set up 1300 MW thermal power plant in AP
* Aiming 700 km of annual rail line addition as compared to the current 150 kms
* Working on 1000 MW captive power plant in Bihar
* To build new rail line capacity of 700km versus 180km a year
* To raise Rs 10,000 crore via tax free bonds
* Annual plan for FY12 at Rs 57,630 crore
* Annual gross budgetary support at Rs 20,000 crore
* Market borrowing at Rs 20,594 crore
* Rs 13,824 crore for acquisition of rolling stock
* Doubling spend on gauge conversion to Rs 2,470 crore
* To spend Rs 9,583 crore for new line in FY12
* To create fund to implement socially desirable plans
* Railways earnings likely to exceed Rs 1 lakh crore
* Three railway zones to implement anti-collision devices
* To construct 172 rail over bridges in FY12
* To do away with all unmanned rail crossings in FY12
* Started e-procurement system to ensure transparency
* Saved Rs 300 crore on rail re-alignment
* To give 12,000 acre for dedicated freight corridor
* 442 station up-gradation to be completed by March
* To cut booking charge on AC to Rs 10 versus Rs 20
* Freight loading aim at 993 million tonne in FY12
* Wagon procurement target at 18,000 units in FY12
* To launch nine new Duranto, three Shatabdi trains
* To introduce 56 new express trains
* Frequency of 17 trains to be increased
* To fill up 13,000 RPF jobs
* FY12 operating ratio pegged at 91.1%
* Lost Rs 2,000 crore in FY11 on iron ore export curbs
* Disruption cost Rs 1,500 crore loss in FY11
* Railways saved Rs 3,700 crore due to austerity steps
* Operating ratio excluding pay panel arrears at 84% now
* Double-stack container train from Gujarat to Gurgaon
* Railway earnings set to top Rs 1 lakh crore mark in FY12
* Expect railways financial health to revive in FY12
* To see Rs 5,260 crore savings in FY12
* See Rs 5,258 crore excess funds with railways in FY12
* Freight target reduced by 20 million tonne to 924 million tonne
* To complete 1,075 km new rail lines in FY12
* Aim to complete dedicated freight corridor by December 2016
* Concession for women senior citizen cut to 58 years versus 60 years
* To double-line 867 km of rail tracks in FY12
* To up capacity of 107 Mumbai local trains

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Nagaraju Tadakaluri
Nagaraju Tadakaluri is a Professional Web Designer, Freelance Writer, Search Engine Optimizer (SEO), Online Marketer, Multi Level Marketer (MLM) and Business Promoter. Have developed Latest Updates in hopes to educate, inform and inspire.

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