Interim Railway Budget Presented For Fiscal 2014-15

Interim Railway Budget Presented For Fiscal 2014-15

Odisha, February 12, Abhijit Saha: Mallikarjun Kharge Minister of Railways presented the Interim Railway Budget 2014 in the Lok Sabha today with introduction of 72 new trains. Kharge declared 10 new Passenger trains and 38 new express trains. It is his first and last railway budget for the UPA government. Kharge has also promised to introduce new tariff setting body.

Highlights of the Interim Railway Budget for fiscal 2014-15:

Seventeen new premium trains are to be introduced soon.

Four sub urban trains and 3 diesel locomotive intercity trains for medium distances.

Passenger fares to be left untouched.

Introduction of more high speed trains.

Initiatives taken for including automatic ticket vending machine, booking of meals online, ticket through mobile devices in unreserved category and train running update information.

Freight tariff target proposed higher at 1,101 million tonnes which is an increment of 49.7 million tonnes over current year’s target of 1,052 million tonnes.

4,556 km of railway line electrification completed surpassing target of 4,500 km.

Budgetary support of Rs. 19,805 crore needed for the fiscal 214-15.

Against a doubling gauge target of 2,000 km, 2,227 km is completed.

Advance reservation period of premium AC trains in Delhi & Mumbai sector to be shorter and dynamically varying premium over tatkal.

New rail factories – a wheel plant at Chhapra in Bihar, Coach factory at Rae Bareily in Uttar Pradesh and Diesel component factory at Dankuni in West Bengal has been commissioned

11.2 km long tunnel to be set up in Jammu & Kashmir.

For travel in Kashmir valley, specially designed coaches will be introduced to tackle with adverse weather condition with induction based cooking in pantry car for fire prevention and advanced audio video system for warning road users of approaching trains.

New train services to Katra and Vaishnodevi to be started soon.

For spending in first four month in fiscal 2014-15, seeks approval.

Expansion of Railway services to Hinterland and Frontiers of India.

Meghalaya and Arunachal Pradesh coming in railway map

Projected annual railway plan of Rs. 64,305 crore with Rs.30,223 crore as budgetary support.

Proposal to expand dynamic pricing of rail fares on larger scale.