WHAT IS RAILWAY BUDGET?

Railway Budget of India also referred as Rail Budget is the Annual Financial Statement of the state 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.

THEME OF THE BUDGET

Overcoming challenges – Reorganize, Restructure Rejuvenate

Indian Railways: ‘Chalo, Milkar Kuch Naya Karen’ Three pillars of the railway budget

are; Nav Arjan – New revenues, Nav Manak – New norms, Nav Sanrachna – New Structures.

FINANCIAL PERFORMANCE

2015-16- Savings of Rs. 8,720 crore neutralizing most of the revenue shortfall,

expected OR 90%; 2016-17- Targeted Operating Ratio (OR) -

92%, restrict growth of Ordinary Working Expenses by 11.6% after building in

immediate impact of 7th PC, reductions planned

in diesel and electricity consumption, Revenue generation targeted at Rs. 1,84,820

crore.

INVESTMENTS AND RESOURCES

Process bottlenecks overhauled including delegation of powers to functional levels;

average capital expenditure over 2009-14 is Rs. 48,100 crore, average growth of 8%

per annum. 2015-16 investment would be close to

double of the average of previous 5 years. 2016-17 CAPEX pegged at Rs. 1.21 lakh

crore implementation through joint ventures with states, developing new frameworks for PPP, etc.

VISION

By 2020, long-felt desires of the common man to be fulfilled i.e, reserved accommodation on trains available on demand, time tabled freight trains, high end technology to improve safety record, elimination of all unmanned level crossings, improved punctuality, higher average speed of freight trains, semi high speed trains running along the golden quadrilateral, zero direct discharge of human waste.

2015-16-ACHIEVEMENTS

Project executionDedicated Freight CorridorPort connectivityNorth East region Jammu and KashmirMake in India

THE WAY TO IMPROVE Launching Tejas and uday express: Tejas &

uday express operate at a speed of 130 kmph.and it also offer wifi service, entertainment services.

Cleanliness:clean my couch service through sms,awareness campaign &by building additional 30000 bio toilets.

Rail mitra sewa launchment: expanding sarathi in konkan railway to help old and disabled passengers.

Jananisewa : children menu items on train baby food, hot milks& hot water would be made available

CONTINUED, Mobile app: can be use for redressal of

complaints &suggestions Passenger traffic:means suburban traffic Other services: Building terminal capacity Rationalisilng tariff structure High speed rail Piligrimage centers

THE MAIN IMPROVEMENT IN TRAVEL ARE AS FOLLOWS: No increase in rail fares and freights. set up multi-purpose stall in stations. Introduction of three new train services to be

named has Humsafar, Tejas and UDAY. Introduction of Antyodaya Express, a long-

distance, fully unreserved, superfast train service.

optional travel insurance for rail journeys at the time of booking.

CUSTOMER INTERFACE Interaction and feedback through social

media & dedicated IVRS system.

Making travel comfortable by generating over 65,000 additional berths, installing 2,500 water vending machines.

Ticketing: Introduced 1,780 Automatic Ticket Vending Machines, mobile apps & Go India smartcard for cashless purchase of UTS and PRS tickets, enhanced capacity of e-ticketing system from 2,000 tickets per minute to 7,200 tickets per minute.

Making travel comfortable by generating over 65,000 additional berths, installing 2,500 water vending machines.

Ticketing: Introduced 1,780 Automatic Ticket Vending Machines, mobile apps & Go India smartcard for cashless purchase of UTS and PRS tickets, enhanced capacity of e-ticketing system from 2,000 tickets per minute to 7,200 tickets per minute.

CAPACITY BUILDING FOR FUTURE THROUGH

TransparencyGovernanceInternal audit measuresPartnerships

FINANCIAL PERFORMANCE 2015

Suresh Prabhu, a recent entrant to the Bharatiya Janata Party (BJP), is yet to complete a year as the railway minister in the Narendra Modi government.

His maiden railway budget had a string of creditable firsts to it.

In the history of Indian railway budgets, he will perhaps be the first railway minister not to have announced either a single new train or a new railway line.

Between November 2014 and now, contracts for 17,500 crore were finalized.(ready to eat meals in railways, E-booking of railways in many eastern and southern stations, cleanliness, rail tourism etc.)

Financial report of Indian railway 2015 shows that gross receipt is 15744 crore,

Working expense is 110690 crore whereas budgeted working expense is 120000 crore

34900 crore were spent on pension fund. BULLET TRAIN was proposed on identified

MUMBAI-AHMADABAD sector. Increase in the speed of trains to 160-200 in

selected 9 sectors.( Delhi-Kanpur, Nagpur-Bilaspur, Mysore-Bengaluru- Chennai, Mumbai-Goa, Chennai-Hyderabad and Nagpur-Secuderabad sectors)

18 new line surveys.  New lines for KARNATAKAShimoga – Sringeri – Mangalore Gadag- Harphanhalli  Gabbur – Bellary Talguppa-Siddapur

TRAIN TO VASHNODEVI TEMPLE,

BUDGET ESTIMATION 2016-17

Here are the highlights of the Estimation of Rail Budget 2016 : Envisaging capital expenditure of Rs.1.21

lakh crore Saving of Rs.8,720 crore from last year's

estimates Rs.8.8 lakh crore to be spent on

infrastructure in all the regions of railway. Wi-Fi facilities at 100 more stations this year

and totally 400 stations

The Indian Railway will raise 17,655 crore from the market through its two companies Indian Railway Finance Corporation (IRFC) and Rail Vikas Nigam limited (RVNL).

IRFC will try to raise 17,276 crore to invest in rolling stocks. RVNL will try to raise 376 crore by market borrowing.

In the year 2014-15, according to the revised estimates, IRFC raised 11,772 crore, and RVNL raised ₹273 crore from the market. Overall 856020 crore will be spent on the Railways in the period 2015-19