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No hike in passenger fares, freight rates

New Delhi, Feb 26: Union Minister Nitish Kumar presented the Railway Budget in Parliament today. In a big reprieve, he announced that there will be no increase in freight rates for any commodity and no hike in passenger fares.

New Delhi, Feb 26: Union Minister Nitish Kumar presented the Railway Budget in Parliament today. In a big reprieve, he announced that there will be no increase in freight rates for any commodity and no hike in passenger fares.
2003-04 declared ‘Customer Satisfaction Year’

Focus on safety ,security, punctuality and cleanliness

White paper on issues involving safety of trains

20,000 vacancies in Group D to be filled through Railway Recruitment Board

Additional 1750 kms to provided in 2003-04

Rs 425 cr proposed for continous track circuiting in selected block sections

Safety surcharge fell short of targeted collection by Rs 95 crore

Net allocation for SRSF RS 2210 cr as per budget estimates

3500 constables to be recruited through Railway Recruitment Board

Optimal utilisation of Railway resources

Association with private sector to implement Operation Cleanliness

Refunds due from any PRS center permitted 3 hours after train has reached its destination

Senior citizen concession for all over 60 years instead of 65

Concessions for accredited press correspondents in Rajdhani and Shatabdi

Joint Venture of Railways with NTPC to set up captive thermal power plant

Ratan Jyot plants on both sides of Railway land to be set up

Status of RDSO elevated to give greater focus to R&D

Fully computerized accounting and MIS to generate costing data

Gauge conversion target of over 775 km for 2003-04

Railways to be connected to ports

Freight traffic estimated at 515 mn tonnes for 2002-03

Traffic receipts estimated at Rs 434.95 bn for 2003-40

Freight income of 2002-03 Rs 540 crore above target

8000 crore allocated for Railways Quadrilateral project

Talks on with World Bank for mega bridges

Coaches to be redesigned for passenger safety

1340 km of new broad gauge in 2003-04

Govt budget support in 2003-04 at Rs 65.77 bn

To revamp production units as profit centres

Joint Venture with NTPC proposed to set up captive power plants

2003-04 plan outlay Rs 106.07 bn

Additional stations to be built in Delhi and Kolkata

Railway electrification of 375 kms during current year

Ministry of Railway reiterates its support to Konkan Railway to met debt obligations

IRCTC likely to pay nearly Rs 3.5 cr in dividend to Indian Railways this year

150 important cities and 1500 stations expected to be connected through optic fibre of RailTel

Improvement in pay scales of Railway Promotee Officers

51 additional express trains to be introduced

Weekly frequencies of 13 popular trains to be increased

Extension of run of 24 trains

MEMU/DEMU services introduced on 11 sections

Proposal to provide Rs 2630 cr for plan expenditure

Outlay on metropolitan transport project kept at Rs 445 crore

Rs 730 cr allotted to works in plan heads in new lines doubling gauge conversion and railway electrification

Railways to carry 540 mn tonnes in 2003-04

Gross traffic receipts at Rs 43495 cr rs 2628 cr higher than revised estimates

Ordinary working expenses at Rs 32460 cr, 7% higher than revised estimates

Total Working Expenses at Rs 4085 cr, Net traffic receipts at Rs 2645 cr

Rationalization and re-balancing of tariffs to make railways more competitive

No increase in freight rates for any commodity

Ratio of rates between highest and lowest classes

Re classification of certain commodities where current freight rates are high

Single uniform classification for commodities irrespective of physical form of transport

Reduction in freight rates for petroleum products upon guaranteeing higher traffic

Bureau Report

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