Railway Budget also referred as Rail Budget is the Annual Financial Statement of the state-owned Indian Railways, which handles rail transport in India. It is presented every year by the Minister of Railways, representing the Ministry of Railways, in the parliament. The Railway Budget is presented every year, a few days before the Union budget of India. RBI Grade B, RRB, SBI clerks exam is round the corner. We are  giving the most important topic which is a hot-cake for now. Yes, we are talking about the Railway Budget.The maiden Railway budget of the NDA government. The budget provoked mixed responses both from the public and the opposition. Here we give you insights in detail about the budget session.

 

Narendra Modi-led government presented its first rail budget for the fiscal year 2014-2015. The budget opened the door of railways for private sector in certain services like food, station maintenance, cleanliness etc. The rail minister Sadanand Gowda said that the government would also discuss the possibilities introducing FDI in the railways.

Political parties, other than BJP and NDA allies, called it a budget toward privatisation of railways. The Congress president Rahul Gandhi termed the rail budget as an impractical budget. However, contrary to what politicos are saying economists accepted this as a noble step by the government, which in long term would be helpful in improving the railways infrastructure.

Railway Budget 2014-15: Highlights

* No new increase in passenger fares and freight charges

* 58 new trains and extension of 11; 864 additional EMUs to be introduced in Mumbai over 2 years

* Bullet train on Mumbai-Ahmedabad Sector

* Diamond quadrilateral for high speed trains

* Plan to hike speed of trains to 160-200 km/hr in 9 sectors

* Online booking to support 7,200 tickets/minute; to allow 1.2 lakh users log in simultaneously

* Reservation system to be revamped, ticket-booking through mobile phones, post offices to be popularised

* Online platform, unreserved tickets

* Combo parking-platform tickets at stations

* Women RPF Constables to escort ladies coaches; 4,000 women constables to be inducted

* Retiring room facility to be extended to all stations

* Battery operated cars for differently abled and senior citizens at major stations

* Feedback services through IVRS on quality of food

* Food can be ordered through SMS, phone; Food courts at major stations

* Cleanliness budget up by 40 percent over last year

* CCTVs to be used at stations for monitoring cleanliness

* Setting up of corpus fund for stations’ upkeep; RO drinking water at stations and trains

* Automatic door closing in mainline and sub-urban coaches

* FDI in railway projects, except in operations

* FDI, domestic investments in rail infrastructure

* Office-on-Wheels: Internet & Workstation facilities on select trains

* Wi-Fi in A-1, A category stations and in select trains

* Rail university for technical and non-technical subjects

* Some stations to be developed to international standards through PPP model

* Parcel traffic to be segregated to separate terminals to make passenger traffic unhindered

* Loss per passenger per kilometre up from 10p (in 2000-01) to 23p (2012-13)

* Solar energy to be tapped at major stations

* Highest ever plan outlay of Rs 65,455 crore for 2014-15

* Expenditure in 2014-15 pegged at Rs 149,176 crore.

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