Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Rail Budget 2013-14 Live: Railways to double spend on track electrification

Feb 26 2013, 14:49 IST
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Railways' neglected track electrification programme, increasing target by 50% for the next fiscal. (Reuters) Railways' neglected track electrification programme, increasing target by 50% for the next fiscal. (Reuters)
SummaryRailways' neglected track electrification programme, increasing target by 50% for the next fiscal.

fare hike for the moment.

* Dynamic fuel adjustment component to be introduced on freight rates from April one, that will result in less than five per cent increase in rates.

* An independent Rail Tariff Authority has been formalised.

* Deregulation of diesel prices and hike in electricity tariff to result in a burden of Rs 5,100 crore in 2013-14.

* 500-km new lines to be completed in 2013-14.

* Diesel price hike added Rs 3,300 crore to fuel bill of Railways.

* 5 per cent average increase in freight.

* Freight earning to grow by 9 per cent to Rs 93,554 crore.

* Freight target fixed at 1,047 MT for 2013-14, 40 MT over the current year.

* Railway hopes to end 2013-14 with a balance of Rs 12,506 crore.

* Operating ratio expected to improve to 87.8 per cent in 2013-14 from 88.8 per cent in the current fiscal.

* Railway revenues to show a balance of Rs 12,506 crore in 2013-14.

* Planned investment of Rs 63,363 crore for 2013-14, including Rs 600 crore from PPP route.

* Indian Railway Institute for Financial Management to be set up at Secunderabad to train rail officers on a regular basis.

* Rs 3,000 crore loan from Finance Ministry re-paid with interest by Railways this financial year.

* Railways to set up a Debt Service Fund.

* Railways' freight loading traffic scaled down by 100 million tonnes from 1025 million tonnes because of economic slowdown.

* 5.2 per cent growth in passenger traffic expected in 2013-14.

* Allocation of Rs 1,000 crore each made for railway land development authority and railway station development authority.

* Rs 9000 crore investments expected including Rs 3,800 crore in port connectivity and Rs 800 crore in iron ore mines connectivity.

* Railway Energy Management Company to be set up to harness solar and wind energy.

* 47,000 vacancies for weaker sections and physically challenged to be filled up soon.

* It is proposed to air-condition locomotives.

* Free wi-fi facility to be provided in select trains.

* Special A/C coaches 'Anubhuti', to be introduced in select Shatabdi and Rajdhani trains to give excellent ambience with commensurate fare.

* Railways will use Aadhar data base for bookings and validation of passengers.

* Internet booking to be provided from 0030 hours to 2330 hours.

* Internet booking to be strengthened with next-generation e-ticketing system to eliminate delays.

* Common rail-bus ticket to be introduced for Katra-Vaishnodevi pilgrims.

* New train Azadi Express to places linked with

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