Gist of Indian Railway Budget 2011-12 Current Affairs - counter
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Gist of Indian Railway Budget 2011-12 Current Affairs

Indian Railways minister Mamataa Banerjee presented her third annual budget for state-run Indian Railways in Parliament on 2011 February 25. Following are highlights from the budget:

* No increase in fares.

* Earnings for 2010-11 set to exceed Rs.1 lakh crore.

* Working expenditure during 2011-12 estimated at Rs.87,000 crore.

* Outlay of Rs.57,630 crore for 2011-12, the highest investment in one year.

* Rs.10,000 crore to be raised through railway bonds.

* Budget combines strong economic focus with inclusion.

* Will develop business-oriented policies to aid industry.

* Happy to announce 85 PPP proposals received; set up single-window system to take these forward.

* Decided to set-up rail-based industries.

* Passing through a difficult phase; 97 percent increase in expenditure in 2010-11 due to implementation of Sixth Pay Commission report.

* Loss of Rs.3,500 crore in 2010-11.

* Ten-year backlog of 1.75 lakh jobs being addressed; 16,000 ex-servicemen to be given jobs in railways.

* Safety first priority; accident rate has come down.

* Anti-collision device, successful in North West Frontier Railway, to be extended to three more zonal railways.

* Railways always been a soft target but law and order a state subject. If railways are blocked in one region, this has a snowballing effect in other parts of the country.

* Will add 180 km of rail lines in 2011-12.

* All-India security helpline set up.

* New Durantos to be run on Allahabad-Mumbai, Pune-Ahmedabad, Sealdah-Puri, Secunderabad-Visakhapatnam, Madurai-Chennai routes, among others.

* Rail linkage to Gujarat from Delhi-Mumbai freight corridor.

* Integrated suburban network to be set up in Mumbai, Chennai, Ahmedabad and other cities; suburban system of Hyderabad to be strengthened.

* Mumbai suburban system’s EMU coaches to be increased from nine to 12.

* Pradhan Mantri Rail Vikas Yojna to be launched.

* Industrial park to be set up in Nandigram, West Bengal.

* Railways to set up factory in Jammu and Kashmir.

* To set up Metro coach factory at Singur, West Bengal.

* First coach from Rae Bareli factory to roll out in next three months.

* Work on wagon factory in Orissa to begin after land is acquired.

* Manipur capital Imphal to be soon connected to railway network.

* Centre for excellence in software to be set up at Darjeeling.

* Fund to be created for socially desirable projects.

* Central Organistaion for Project Implemtaiton created; will create accountability for non-performance.

* Work started on two dedicated freight corridors.

* Work on upgrading 442 stations to be completed by March 31.

* Decision to start pilot projects to give shelter to homeless people living along the tracks in Mumbai.

* Multi-purpose smart card to be introduced for all-India travel.

* Airport-like trolleys to be provided at more stations.

* Railways to set up a sports cadre.

* Upgraded class of air conditioned travel to be introduced shortly.

* To adopt modern technology through centres of academic excellence.

* Train to run to Bangladesh to showcase Indian culture.

* Age for senior citizen’s concession reduced to 58 from 60.

* Concession for physically handicapped and gallantry award winners for travel in Rajdhani and Shatabdi expresses.

* 50 percent concession for mediapersons with families to be increased from once to twice a year.

* First coach from the new rail factory at Rae Bareli to roll out in next three months

* Track-machine industry to be set up in Uluberia in West Bengal

* A 700 MW gas based power plant to be set up at Thakurli in Maharashtra

* Proposal to set up metro coach factory near Singur in West Bengal

* Railways to set up a bridge factory in Jammu and Kashmir considering need for large number of bridges on railway projects in the state

* Tax-free bonds for 100 billion rupees to be issued by IRFC in 2011/12

* Greater thrust on new lines next year

* Additional Rs 10,000 crore will be raised through tax free bonds

* Propose to set up new railway lines in difficult, underpriviledged areas

* Setting up funds for social sector projects

* New 700 km rail track to be laid down

* Number of trains increased from 16100 last year to 18000 this year

* Three more railway zones to have anti-collusion device. This will further reduce the rail accident

* Propose to remove all un-manned crossings across the country.

* Anti-collision devices to be commissioned in three railway zones including South and South Central soon.

* Track-machine industry to be set up in Uluberia in West Bengal.

* Rail accident rate declines from 0.29 per cent last year to 0.17 per cent now.

* Special incentives for states that run trouble-free railways

* Multi-purpose smart card for passengers on travelling long distance to be introduced (ANI)

 

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Updated: May 31, 2013 — 1:37 pm

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