Rail Budget 2011 : Economic Focus with Human Face

Mamata Banerjee,IMG 0276

Indian Railways Minster: Mamata Banerjee

Highlights of Railways Budget 2011-12

  • No hike in passenger fares
  • No hike in freight rates
  • Introduction of 9 non-stop Duronto Trains
  • Introduction of 3 Shatabdis
  • Reduction in the senior citizen age for women from 60 years to 58 years
  • Concession on senior citizens (Men above 60 years) from 30% to 40%
  • Announcement of a metro coach factory in Singur (West Bengal)
  • Announcement of Rail Industrial Park in Jelligham
  • integrated suburban network for Kolkata and 34 new services for the Kolkata metro

Her announcements for the state evoked protests from members including those from Bihar, UP and Kerala, but she appealed to them to be patient for her other announcements.

  • Extension of concession for physically- challenged persons and Kirti and Shaurya Chakra awardees to travel in Rajdhani and Shatabdi trains
  • Extending facility of card passes to parents of unmarried posthumous Paramvir Chakra and Ashok Chakra gallantry award winners.
  • Induction of 16,000 ex-servicemen in the Railways by March.

Mint Reports, “We have taken a two-point approach,” Banerjee told parliament. “On the one hand by sustainable, efficient and rapidly growing Indian Railways, and on the other, by an acute sense of social responsibility towards the common people of this nation.”

“We have attempted to combine a strong economic focus … with a human face,” she added.

The budget proposes the highest-ever plan outlay of Rs. 57,630 crore for 2011-12.

The gross budgetary support has been projected at Rs. 20,000 crore, diesel cess Rs. 1,041 crore, internal resources Rs. 14,219 crore and market borrowing at Rs. 20,954 crore.

The budget estimates for 2011-12 projects a freight loading of 993 million tonne and a passenger growth of 6.4%.

Gross traffic receipts has been estimated at Rs. 1,06,239 crore, exceeding the Rs. 1 trillion mark for the first time, despite pressure on finances on account of Pay Commission payout.

Ordinary working expenses have been assessed at Rs. 73,650 crore and appropriation to depreciation reserve fund pegged at Rs. 7,000 crore.

Provision of Rs. 6,735 crore has been made for dividend payment and the excess for Railways for the new fiscal has been projected at Rs. 5,258 crore, with an operating ratio of 98.1 per cent.

On the financial performance for the current year, the budget disclosed that disruption of train movement resulted in a loss of Rs. 1,500 crore and Rs. 2,000 crore due to the ban on export of iron ore.

Loading target was reduced by 20 million tonne (MT) to 924 MT.

Gross traffic receipts have been fixed at Rs. 94,840 crore, which is higher by Rs. 75 crore over budget estimates.

The ordinary working expenses has been fixed at Rs. 67,000 crore, an increase of Rs. 2,000 crore over BE and the current dividend liability to be fully discharged.

The next year’s budget provides Rs. 9,583 crore for new lines. A target of 1,300 kms of new lines, 867 kms of doubling of lines and 1,017 kms of guage conversion has been targeted in the new fiscal.

Duronto Express

The new Duronto expresses will run between Allahabad- Mumbai, Pune-Ahmedabad, Sealdah-Puri, Secunderabad- Vishakhapatnam, Madurai-Chennai, Chennai-Thiruvananthapuram, Mumbai Central-New Delhi, Nizamuddin-Ajmer and Shalimar-Patna.

Double-Decker services

Air-conditioned double-decker services are proposed to be introduced on Jaipur-Delhi and Ahmedabad-Mumbai routes.

Shatabdi Services

The three new Shatabdi services will run between Pune- Secunderabad, Jaipur-Agra and Ludhiana-Delhi.

Smart Card

The Minister announced the introduction on pilot basis of a pan-India, multi-purpose ‘Go India´ smart card, which would be a single-window package for passengers for seamless payment for tickets for long distances, suburban, metro journeys.

Rail Budget 2011| Mamata focuses on “common people” – Economy and Politics – livemint.com.

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2 Responses to Rail Budget 2011 : Economic Focus with Human Face

  1. Pingback: Rail Budget 2011 : The financial issues « Railway Budget 2011 : Speak India

  2. Pingback: Union Budget 2011 : A precursor « Railway Budget 2011 : Speak India

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