Highlights of Railway Budget for 2014-15

New Delhi:  Following are highlights of the regular Railway Budget for 2014-15 (Apr-Mar), presented by Railway Minister D.V. Sadananda Gowda in
Parliament today:

* Tariff policy adopted so far lacked practical approach

* Require 1.82 trln rupees to complete 359 projects

* The more projects we add the thinner we spread
ourselves

* Bore 23 paise/passenger per km loss in FY14

* Freight rates revised periodically to compensate for
losses

* Past focus has been on sanctioning projects, not execution

* Incomplete projects need 1.82 trln rupee invest

* Decline in freight traffic is revenue forgone

* Freight rates consistently hiked to offset fare losses

* Need 5 trln rupees/year for next 10 yrs for ongoing projects

* Sustaining social duty hard without sacrificing efficiency

* Spent 94 paise for every 1 rupee in FY14

* FY15 estimate surplus 6.02 bln rupees

* FY14 operating ratio 94%

* FY14 gross receipts 1.39 trln rupees

* FY14 operating ratio at 94%

* FY14 gross traffic receipt 1.39 trln rupees

* Sustaining social obligations not possible beyond a
point

* Currently railways caries only 31% of total freight in
India

* Indian Rail backbone of supply chain of defence establishment

* India Rail carries over 1 bln tn freight per year

* Vast tracts of hinterland still wait for connectivity

* Have 12,500 trains carrying 23 mln passengers/day

* Aim to be largest freight carrier in the world

* Feel there’s solution for challenges faced by railway

* Flooded with requests for new trains

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