Rail Budget 2014: Key Highlights
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Rail Budget 2014: Key Highlights

Last Updated: Sunday, February 16, 2014, 14:43
 
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Rail Budget 2014: Key Highlights
Zee Media Bureau/Reema Sharma

New Delhi: Presenting his maiden interim Rail Budget 2014 in the Lok Sabha, Railway Minister Mallikarjun Kharge on Wednesday announced the launch of 17 new premium trains, 39 express trains and ten passenger trains.

Kharge also announced starting of more high-speed and left both the passenger as well as the freight fares unchanged.

Continued slogan-shouting and disorderly behaviour by Andhra Pradesh MPs over the creation of Telangana had cut short Kharge's speech following which Parliament was adjourned.

Railway Minister said an independent Rail Tariff Authority is being set up to rationalise fares and there was a proposal to expand dynamic pricing of tickets in line with the airline industry.

Key Highlights

New Services/ New Trains

  • 17 Premium trains

  • 39 Express trains

  • 10 Passenger trains

  • 4 MEMU

  • 3 DEMU


  • High Speed Trains

  • Joint feasibility study by India and Japan for Mumbai – Ahmedabad Corridor to be co-financed by Japan International Cooperation Agency

  • Business Development Study by SNCF for Mumbai – Ahmedabad corridor

  • Semi- High Speed Projects

  • Exploring low cost option of speeds 160- 200 kmph on select routes

    Revenue Freight Traffic

  • Loading target of 1047 Million Tonnes for 2013-14 would be surpassed

  • Empty Flow Discount Scheme to be implemented

  • Carrying Capacity + 9 tonne + 1 tonne routes being planned

  • Easing of some restrictions on movement of imported commodities through Containers

  • Carrying capacity of 20 feet containers increased by 4 tonnes

  • Parcel Terminals & Special Parcel Trains with scheduled timings

  • New policy on parcels to encourage transportation of milk

  • New concept of ‘hub and spoke’ for parcel business

  • Third party warehousing in Special Parcel Terminals envisaged


  • Other Highlights

  • Meghalaya set to come on rail map as part of extension of network in the Northeastern states

  • Premium AC Spl train in Delhi-Mumbai sector with shorter advance reservation period and dynamically varying premium over tatkal fare

  • Railways meet from own resources total additional impact of Rs one lakh crore because of 6th Pay Commission

  • Independent Rail Tariff Authority set up to advise on fixing of fares and freight, to engage all stakeholders

  • Annual Rail Plan envisaged at Rs 64,305 crore with a budgetary support of Rs 30,223 crore

  • FDI being enabled to foster creation of world-class rail infrastructure; several PPP projects in pipeline

  • Rail infrastructure by cost sharing with govts of Karnataka, Jharkhand, Andhra Pradesh and Haryana

  • Rail Land Development Authority has raised Rs 937 crore so far

  • Operating ratio likely to be 90.8 per cent; Railways will end current year with surplus

  • Rail Minister proposes to expand dynamic pricing of rail fares on "larger scale"

  • Passenger rail service to Katra and Vaishnodevi to start shortly

  • Trains to display info on next stations, arrival times

  • More Jan Ahaar outlets, escalators at stations

  • Upgradation scheme extended to AC Chair Car and Executive Chair car passengers

  • Railways to encourage transportation of milk

  • Steps to reduce running of empty freight carriages

  • Bio-toilet facility to be provided in more trains







  • First Published: Wednesday, February 12, 2014, 14:31


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