Lots of nitty gritty numbers. Fascinating stuff.
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A 100 crore to start the HSR. What the..... ..that won't be enough for the line survey even!!!
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The real problem for the Railway remains its problem of funding both capital and operational expense from the same pool. For instance bus companies don't pay the entire cost of roads. And Airlines don't pay any cost for air access.
The railways as usual runs an operational excess of Rs 15,000 crore.
But with a capital expenditure of Rs 60,000 crore with a budget support of just Rs 30,000 crore it quickly slips into a loss of Rs 15,000 crore.
The lack of budget support for capital expenditure remains the problem.
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http://ibnlive.in.com/news/gowdas-rail- ... 607-3.html
Gowda announced the highest ever plan outlay for railways. The minister also gifted Prime Minister Narendra Modi's home state Gujarat as he proposed a bullet train service on Mumbai-Ahmedabad route which will cost Rs 60,000 crore.
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The budget proposes multi-pronged approach to make railway journey safe and secure and comfortable for passengers. More thrust has been placed on passenger amenities, cleanliness and efficient station management. All major stations will have foot-over bridges, escalator and lifts.
On safety and security, the budget proposed introduction of advance technology for rail-flaw detection to check causes of accidents, a significant amount of Rs 1,785 crore has been earmarked for building road-over and road-under bridges.
The budget proposes that a pilot project will be launched on automatic door closing in mainline and sub-urban coaches. In order to make women safer while travelling, the railway will recruit 4,000 women constables. Coaches for ladies will be escorted.
IT initiatives has been given a big boost in the modern budget. Revamping Railway Reservation System into Next Generation e-Ticketing will be taken up with provision of platform tickets and unreserved tickets also over internet.
The Railway has proposed real-time tracking of trains and rolling stocks, mobile based Wakeup Call System for passengers, mobile based destination arrival alert and Wi-fi Services in A-1 and A category stations and in select trains. Indian Railways has also planned paperless offices in 5 years
In order to make Railway management more efficient, the Budget has proposed setting up of Railway University for training in both technical and non-technical subjects besides establishing Innovations and Incubation Centre to harness the ideas generated from staff.
In a bid to modernise Indian Railway network, Bullet train has been proposed on Mumbai-Ahmadabad sector besides increasing speed of trains to 160-200 kmph in select nine sectors to be known as Diamond Quadrilateral Network of High Speed Rail connecting major metros and growth centres of the country.
More than Rs 9 lakh crore was needed completing the Golden Quadrilateral Network. A sum of Rs 100 crore has been provided for initiating the project.
Identified stations will be developed to international standards with modern facilities on lines of newly developed airports through PPP mode. Railway has also proposed harnessing solar energy by utilising roof top spaces of stations, railway buildings and land.
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 and Rs 60,000 crore for introducing one bullet train alone.
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 North East, including 11 national projects. Rs 5,116 crore earmarked for projects in North East, which is 54 per cent higher than the previous year.