TODAY -

Rail Budget 2014 58 new trains, branded foods, focus on safety
Source: The Sangai Express / Agencies

Imphal, July 08 2014: Sparing passengers of any further fare hike, Railway Budget for 2014-15 proposes to attract private domestic and FDI in infrastructure projects and pursuing private-public partnership to boost the finances of the cash-strapped railways.

Having hiked fares to the tune of 14.2 per cent recently, railway minister Sadananda Gowda, who presented the new government's first budget in Lok Sabha, said he plans to leverage railway PSU resources by bringing in their investible funds in infrastructure projects.

He announced plans to introduce a bullet train in Mumbai-Ahmedabad sector and setting up of a Diamond Quadrilateral network of high-speed rail connecting major metros and growth centres.

A sum of Rs 100 crore has been provided for initiating the project.

Increasing the speed of trains to 160 to 200km per hour on nine select sectors was another highlight of the budget, which proposes to allow all experimental stoppages to lapse after September this year.

The budget disclosed that traffic growth declined and expenditures went up in 2013-14 as compared to the revised estimates of previous financial year.

Gross traffic receipts stood at Rs 1,39,558 crore, short of revised estimates by Rs 942 crore over the previous year.

The ordinary working expenses and pension outgo were also higher.

The budget estimates for 2014-15 assumes a freight loading 1101 metric tonnes, 51 metric tonnes more than the previous year, growth in passenger traffic at 2 per cent and freight earnings at Rs 1,05,770 crore.

Passenger earnings will be Rs 44,645 crore after a revenue sacrifice of Rs 610 crore on account of monthly season ticket fares.

Total receipts for the current year have been pegged at Rs 1,64,374 crore and expenditure at Rs 1,49,176 crore.

Disclosing that he needs more than Rs nine lakh crore to completing the Golden Quadrilateral Network and Rs 60,000 crore for introducing one bullet train alone, Gowda told the House, "Can I depend only on hiking fare and freight rates and burden the public to realise these funds? This is unrealistic.

I need to explore the alternate means of resource mobilisation" .

He proposed to launch a scheme to bring in investible surplus funds of railway PSUs in infrastructure projects which can generate attractive returns.

Proposing private investment in railways through domestic and FDI, Gowda said growth depends heavily on availability of funds for investment in rail infrastructure.

Internal revenue sources and government funding are insufficient to meet the requirement, the railway minister said, adding the ministry is seeking Cabinet approval for allowing FDI in rail sector.

FDI, however, will be limited to infrastructure development and not allowed in operations, he said.

He said the concept of PPP has not been successful in raising substantial resources for railways.

"It is my endeavour to pursue this in right earnest.

It is our target that bulk of our future projects will be financed through PPP mode, including the high-speed rail, which requires huge investments" .

Apart from mobilising resources, Gowda said he needed to strategically manage other aspects of planning and administration by adopting a near-holiday approach, setting timelines for ongoing projects, strategic partnership and aggressive indigenisation of imported projects.

The annual plan for 2014-15 has been fixed at the highest ever outlay of Rs 65,445 crore with gross budgetary support at Rs 30,100 crore, Railway Safety Fund Rs 2,200 crore, internal resources Rs 15,350 crore, external market borrowing Rs 11,790 crore and EBR-PPP Rs 6,005 crore.

The budget provides higher funds for ongoing projects in northeast, including 11 national projects.

Rs 5,116 crore earmarked for projects in northeast, which is 54 per cent higher than the previous year.

While Udhampur-Katra rail link in Jammu and Kashmir has been dedicated to the nation, the focus will now be on completion of the missing link between Banihal and Katra.

18 new line surveys have been announced, which include rail connectivity to 'char dham' � Kedarnath, Badrinath, etc, and Shimoga-Sringeri-Mangalore.

Five Jansadharan trains are being introduced along with five premium trains, six AC express trains and 27 express trains and eight passenger trains.

The premium trains are between Mumbai Central and New Delhi, Shalimar-Chennai, Secunda- rabad-Hazrat Nizamuddin, Jaipur-Madurai and Kamakhya-Bangalore.

In order to strengthen security in trains and stations, the budget proposes to recruit 4000 women RPF constables.

Already 17000 RPF constables have been recruited and shall be available for deployment shortly.

Gowda said safety of passengers is of paramount importance and it is estimated that over Rs 40,000 crore would be needed to be invested in track renewals, elimination of unmanned railway crossings and road overbridges and underbridges.

A provision of Rs 1,785 crore has been earmarked for railway overbridges and underbridges.

Outlining IT initiatives, the minister said the railway reservation system is being revamped to move into next generation E-ticketing system, which will support 7200 tickets per minutes to allow 1,20,000 simultaneous users.

Railways will move to paperless offices in five years, provide wi-fi services in A-1 and A category stations and in select trains, real-time tracking of trains and rolling stock, mobile-based wakeup call system for passengers and mobile-based destination arrival alert.


* Comments posted by users in this discussion thread and other parts of this site are opinions of the individuals posting them (whose user ID is displayed alongside) and not the views of e-pao.net. We strongly recommend that users exercise responsibility, sensitivity and caution over language while writing your opinions which will be seen and read by other users. Please read a complete Guideline on using comments on this website.




LATEST IN E-PAO.NET
  • Panthoibi Phijol Hongba @Mandalay : Gallery
  • Violence in Manipur 2023-2024 : Timeline
  • Open Letter to Hon'ble CM of Manipur
  • Slavery in the machine world
  • 'Either Rio regime delivers or it fails'
  • No need for NEET or NET
  • Walkathon to promote health at Guwahati
  • Paradox of arming & disarming citizens
  • Meaningless statements
  • Birth Centenary of Jananeta Irabat, 1996 : #7
  • You are king of web, then slave
  • A Groundbreaking HIV Prevention Option
  • Board of Studies at Assam Don Bosco
  • Public Services as a career choice
  • Manipur violence and state
  • Last minute cancellation
  • Descent of Radha-Krishna #36: Download
  • Saraighat Bridge - An Expedition
  • Meeting with MP Dr Bimol Akoijam
  • Manipur: 11 medal (5 gold) @ Natl Taekwondo
  • Socialization and the Two "Meads"
  • The Power of Poppy - 36 :: Poem
  • Scientist of Manipur: Raghumani Ningthoujam
  • Chilli Chicken Delivers a Flavorful Punch
  • International Day of Yoga 2024
  • Antimicrobial Resistance: Top 10 health threat
  • Indo-Naga Talks (From 2012) :: Timeline
  • Taste vs Health
  • Fiasco of UGC-NET, NEET 2024
  • From NEET to NET: It's time to fix NTA
  • Great June Uprising @Kekrupat #1 : Gallery
  • Ema Panthoibi Phijol Hongba at Mandalay
  • Proposed Palm Plantation behind Jiri violence?
  • 'Why Impose War on Us'
  • Why workers most affected by scorching heat?
  • Coup of 2021 not the only push factor
  • Last chance not to fall from grace
  • Ibudhou Cheng Hongba #1 : Gallery
  • Kind attention 'Your Lordship' CJ of India
  • 'Opposition-less Govt in Nagaland is rhetoric'
  • Xorai - Assam's cultural symbol
  • Natural ways to lighten dark underarms
  • Is Delhi doing the right thing ?
  • Set the priorities right
  • Ima Keithel flood- May 30 #3 : Gallery
  • Modi's arduous journey & fate of Naga peace
  • Autism: Why fit in, when you can stand out?
  • Bloodstained Masquerade :: Poem
  • Dharamvir Singh: Forgotten hero of TV
  • What is keeping the clash going on ?
  • Warning of a coming politico-military storm
  • Birth Centenary of Jananeta Irabat, 1996 : #6
  • The Great June 18 Uprising : Timeline
  • The Great June 18 Uprising : Gallery
  • Are we on track to end AIDS by 2030 ?
  • 3 writers from Manipur for Sahitya Akademi
  • Manipur's traffic, parking: A big nuisance
  • Career in elderly care
  • Keeping the folks under a state of confusion
  • Nothing neat about NEET
  • Aid to relief camps @ Jiribam : Gallery
  • Id Festival- 'Id-Ul-Azha' :: Book
  • World Day to Combat Desertification 2024
  • NDPP did not lose LS due to local problem
  • RSS chief says, priority Manipur
  • What if not IIT ?
  • Waiting for a response from the PM
  • The test of leadership failed
  • Descent of Radha-Krishna #35: Download
  • Gastronomy tourism in Manipur : Gallery
  • Triathlon : Manipur bag 6 medals (3 gold)
  • Illegal immigrants/fugitives from Myanmar
  • Eid-ul-Adha: Embracing sacrifice
  • A solution to Meitei-Kuki-Zo conflict
  • The Power of Poppy - 35 :: Poem
  • Scientist of Manipur: R K Brojen Singh
  • Brief sketch on General Balaram Sougaijamba
  • Non-violent for peaceful, mutual co-existence
  • Homeless person ..alcoholism & defeated TB
  • Cancer on rise among young adults
  • Defending, fighting for Idea of Manipur
  • From partiality to complicity
  • Bike Rally - Sekmai to Kangla : Gallery
  • 'Modi must announce finality of Naga pacts'
  • Gliding over Brahmaputra
  • Question leaks cause stress among student
  • Home remedies for prickly heat
  • After IIT, AIIMS it is now IIM
  • Stealing spotlight from Manipur crisis
  • Tarpon chaklen katpa @ Andro #2 : Gallery
  • Strongly condemns violence in Jiribam
  • Lessons from outcome of LS election
  • Tumcho releases "Goodness of God"
  • Right diagnostic for antimicrobial resistance
  • 12th June is World Day against Child Labour
  • Hands of geo-politics ?
  • The row over NEET-2014
  • 2nd Annual Art Exhibition #1 : Gallery
  • Chilli Chicken: Film Spotlighting NE in B'lore
  • Committee of Narcotics Anonymous - Imphal
  • The Power of Meditation
  • Oceans as a career choice
  • Getting more and more audacious
  • A test of leadership
  • Education Fair @Imphal #2 : Gallery
  • Gifting two seats to Cong
  • Voters empowered democracy
  • Postcards from Meghalaya premieres
  • Milk : Essential nutrient for a healthy body
  • Failing in competitive exam not end of world
  • Delhi : A mere spectator
  • Abandoning Jiribam
  • Birth Centenary of Jananeta Irabat, 1996 : #5
  • Ima Keithel flood- May 30 #2 : Gallery
  • Mainstream in Shoes of Alternative
  • Protect the medicines that protect us
  • Lets take action for our land & our future
  • Democracy and independent media
  • Agenda at work to shut Western Gate
  • Keeping Manipur on the boil
  • Descent of Radha-Krishna #34: Download
  • The Enigmatic Journey of 'Laikhutshangbi'
  • Individual and the Social
  • An Ardent Appeal to All Concerns
  • Condemnation of Attack & Govt Inaction
  • The Power of Poppy - 34 :: Poem
  • Scientist of Manipur: Laishram Shanta
  • Alien fishes spotted in Manipur's rivers
  • Training on mushroom at Langthabal
  • Digital avatars or deepfakes ?
  • 7th June is the World Food Safety Day
  • How to prepare for UPSC after 10th ?
  • The Jiri violence
  • Beginning of a new vote culture ?
  • Bimol Akoijam (Cong) wins Inner PC : Gallery
  • BJP, NPF & other NDA pay heavy price
  • Nature is one of greatest blessings of God
  • Plantation drive in Tripura, Assam & Manipur
  • Summer beauty
  • Environment conservation & over-exploitation
  • Is Modi cut out for leading a coalition ?
  • 'Ishanou' Selection @ Cannes #2: Gallery
  • Scholarship for Johnstone Hr Sec students
  • 1st foundation day of Interfaith Forum
  • World Environment Day: Our land, our future
  • Indonesia stronger anti-tobacco measures
  • Navigating a fragile Myanmar: India's policy
  • New breed entering electoral politics
  • The road to formation of new govt
  • International Dance Day #1 : Gallery
  • Matchbox marketing mantra
  • Stop harming nature :: Poem
  • Saving for oneself & the Nation
  • Model United Nations (MUN) conducted
  • Tobacco: Threat to health & environment
  • Candidate from ruling party biting the dust
  • The verdict
  • Birth Centenary of Jananeta Irabat, 1996 : #4
  • Imphal valley districts flooded #3 : Gallery
  • Navigating Remal amidst Manipur conflict
  • We are #GenerationRestoration
  • Intl Day of Innocent Children Victims
  • Apparel Industry Skills & Innovation CoE
  • What's in a cyclone's name ?
  • Ongoing clash, the floods, the losses
  • Exit poll predictions
  • Descent of Radha-Krishna #33: Download
  • Evading flood & rethinking urbanization
  • Manipur Flood: Health Advisory
  • Onus on civil bodies to ensure NNPG unity
  • Rats also cause flood
  • Benefits of JEE Main mock tests
  • People have spoken, now the results
  • The fury of Remal
  • Ima Keithel flood- May 30 #1 : Gallery
  • The flood in our Stars
  • The Power of Poppy - 33 :: Poem
  • 'Group of people misrepresented themselves'
  • EV industry and career options
  • Scientist of Manipur: Chandrakant Aribam
  • Candy flavoured traps to hook next Gen
  • Commemorate Naga Plesbicite Day 1951 #2
  • Tobacco affects health & environment too
  • Jio extend validity for Customer in Manipur
  • Students must learn about AI irrespective
  • As vote count day approaches : Floods
  • Imphal valley districts flooded #2 : Gallery
  • Flooded : Sacrifice of Yairipok's Maiden
  • World No Tobacco Day 2024
  • Chandam Rishikanta wins NPC Nat'l C'ship
  • Flood: Helpline numbers for emergency
  • Battling body odour ?
  • Floods : Not entirely natural phenomena
  • PM Modi's purpose
  • Imphal valley districts flooded #1 : Gallery
  • June Calendar for Year 2024 : Tools
  • Flood: Control Rooms & Helpline numbers
  • Economic impact of ongoing conflict
  • Army Recruitment Rally for Manipur
  • Cut deficit, boom likely
  • Are Gods angry ? Wake up call for Manipur
  • Beating of the Retreat #2 : Gallery
  • Licypriya meets Italy PM & Pope Francis
  • HSLC (Class X) 2024 : Full Result
  • HSLC 2024 : Important Info & Grading System
  • HSLC 2024 : Pass % : Private Schools
  • HSLC 2024 : Pass % : Aided Schools
  • HSLC 2024 : Pass % : Govt Schools
  • HSLC 2024 : Statistical Abstract
  • HSLC 2024 : Comparative Statement
  • Birth Centenary of Jananeta Irabat, 1996 : #3
  • Reviving Lamphelpat : Conservation : Gallery
  • Children Camp @JNMDA Imphal #3 : Gallery
  • Scientist of Manipur: Jayanta Manoharmayum
  • Sajibu Cheiraoba: 1 occasion, 2 narratives #3
  • Khongjom Day @Khebaching #2 : Gallery
  • Scientist of Manipur: Amom Ruhikanta
  • Preserving Thang-Ta :: Rare Photos
  • Malemnganbi Laishram : Science Topper
  • Featured Front Page Photo 2024 #2: Gallery
  • Thokchom Sheityajit : Arts Topper
  • Aiena Naorem : Commerce Topper
  • Hr Secondary Exam 2024 : Science Topper
  • HSE 2024 : Subject Pass Percentage
  • HSE 2024 : District Pass Percentage
  • HSE 2024 : Candidates with Highest Marks
  • Hr Secondary Exam 2024: Science Full Result
  • Hr Secondary Exam 2024: Arts Full Result
  • Hr Secondary Exam 2024: Commerce Result
  • Hr Secondary Exam 2024 : Arts Topper
  • Hr Secondary Exam 2024 : Commerce Topper
  • Aftermath of ferocious hailstorm #1 : Gallery
  • Radio E-pao: Manipuri Film OST (130+ song)
  • Nupi Landa Thaunaphabishing : Full Book
  • A ferocious hailstorm @Imphal : Gallery
  • '365 Days of Chin-Kuki Aggression' : Gallery
  • Scientists of Manipur : Ngangkham Nimai
  • GHOST of PEACE :: Download Booklet
  • List of Kings of Manipur: 33 - 1984 AD