Interim Railway Budget 2014-15 Highlights

Railway Minister Mallikarjun Kharge has presented interim railway budget today.  Mallikarjun Kharge is the second Railway Minister from Congress Party in the 10-year UPA regime to be presenting a Railway Budget, although interim after Lalu Prasad from RJD had presented vote-on-account (interim budget) in 2009 under UPA -I.
The highlights of the budget details are:

  • 17 new premium trains, 38 express trains and 10 passenger trains have been announced

  • No increase in rail fare and freight fare

  • There will be no more unmanned crossings, as proposed by the Railway Ministry

  • A number of measures for safety and security of passengers like portable fire-extinguishers in coaches and induction-based cooking in pantry car have been proposed in the Budget

  • The Railways will borrow Rs. 13,800 crore from markets in 2014-15

  • Gross traffic receipt for 2014-15 is targeted at Rs. 160,775 crore -- out of this goods receipts are expected Rs.105,770 crore, passenger receipts Rs. 45,255 crore

  • FDI being enabled for creation of rail infrastructure

  • Operating ratio for 2014-15 is targeted to improve marginally to 89.8 against 90.8 in the current fiscal

  • Plan size for 2014-15 is targeted at Rs. 64,305 crore against Rs. 59,359 crore in current fiscal

  • Independent Rail Tariff Authority set up to advise on fixing of fares and freight, to engage all stakeholders

  • Three factories at Chhapra, Rae Bareli and Dakuni have become functional

  • Bio-toilet facility to be provided in more trains

    • Railways to start passenger service to Vaishno Devi and Katra

    • Completed doubling gauge of 2,227 km vs target 2,000 km

    • Completed electrification of 4,556 km vs target of 4,500 km

    • Dedicated freight corridors to cut transit time by half

    • Completed laying 2,027 km rail lines vs target 2,000 km

    • Electrification of over 4,000 km is planned

    • Expected to run passenger service up to Katra Vaishno Devi very soon

    • Railways successfully met impact of Sixth Pay Commission

    • Railways to expand services to Meghalaya