Highlights of the Railway Budget 2016- 17

Posted in on February 25, 2016

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Railway Minister Mr. Suresh Prabhu presented his second rail budget this year. The below is highlights of the Rail Budget 2016- 17.

  • Operating ratio kept at 92% FY17 as against 90% in current year.
  • To generate revenues of order of Rs.1, 84, 820 crore next year which is a 10.1% higher than revised target of current year.
  • The Capital plan of Rs 1.21 lakh crore.
  • Aimed to generate 10-20% of revenues from non-tariff sources over next 5 years by monetizing assets.
  • Railways will get Rs 40, 000 crore budgetary support from the government.
  • Railways incurred a loss of Rs 30,000 crore by subsidizing passenger fares.
  • Rs 8.5 lakh crore to be spent over 5 years for modernization of railway infrastructure
  • To have 2,800 kms of new tracks in next year, almost 30% higher than last year target.
  • Two dedicated freight corridors by 2019.
  • Railway electrification has increased by 50% & 2,000 km route to be electrified next fiscal year.
  • Railways announce measures for women security: All India 24X7 helpline, CCTV surveillance, reserved middle bay in coaches.
  • 400 stations to be re-developed through PPP.
  • 2 locomotive factories at the cost of Rs 40,000 crore to be set up.
  • Overnight double-Decker Train Uday Express to be introduced on busiest routes which will increase carrying capacity with 40% more.
  • Three direct services, fully air-conditioned Humsafer, to travel at 130km per hour will be starting this year.
  • Lower berth quota for senior citizens to be increased by 50%
  • 33% of sub-quota for women in each of the reserved categories will be introduced.

(By Satya Ranjan Mohanty)

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