Salient features of Railway Budget for 2001-2002

The salient features of the Railway Budget for the year 2001-2002 are as follows:-

The salient features of the Railway Budget for the year 2001-2002 are as follows:-

  • 24 new trains to be introduced
  • 3% increase in freight rates of all commodities, except sugar, edible salt, grains and pulses, edible oils, kerosene, fruit and vegetables, LPG and urea
  • Freight rates for coal and iron and steel (division a, b and c) not meant for household consumption to be increased by 2%
  • 26 New Lines Survey to be taken up in the year 2001-2002
  • 1% increase in Furnace oil
  • No increase in rates of parcel and luggage.
  • Newspapers, magazines and medicines to be exempted
  • Proposals for adjustment in tariff for freight estimated to generate Rs 500 crore per annum
  • Changes in rates for classifications to be effective from April 1, 2001.
  • Concessions available to orthopaedically handicapped and paraplegic persons to be extended to visually handicapped and to mentally handicapped.
  • No proposal to increase the passenger fares of any class or category of trains
  • Despite no increase in passenger fares, the earnings from passenger traffic poised to exceed budgeted level - 10 per cent growth registered till December, 2000
  • Railway Minister Mamata Banerjee announced setting up of regional railway museums at Varanasi and Malda. She said that the railway museum in the southern region would be completed shortly.
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