Synopsis of rail budget - 2013

CA AYUSH AGRAWAL (Kolkata-Pune-Mumbai) (26986 Points)

26 February 2013  

 

Synopsis Of Rail Budget - 2013 Has Been Covered Into The Following Four Sections

 

A.    Rail Budget About Losses, Gross Revenue Etc

v  Losses From Railways Is Estimated At Rs 24,600 Crore For 2012-2013.

v  Railways Gross Traffic Receipts Fixed At Rs 1,25,680 Cr In Re, Short By Rs 6,872 Cr Over Budget Estimates.. Budget Estimates of 2013-14 for Gross Traffic Receipts kept at Rs 1,43,742 crores i.e. an increase of Rs 18,062 crores over Revised Estimates of 2012-13.

v  Ordinary Working Expenses Retained At Be Level Of Rs 84,400 Cr; Pension Payments Increased By Rs 1,500 Cr To Rs 20,000 Cr

v  'Excess' Of Rs 10,409 Cr As Against The Budget Amount Of Rs 15,557 Cr

v  Operating Ratio Of 88.8% As Compared To 94.9% In 2011-12

v  Aim For A Operating Ratio Of 87.8% In FY14

v  Rs 3,000 Crore Loan From Finance Ministry Re-Paid With Interest By Railways This Financial Year

v  Freight Income Expected At For FY 13 Target Rs 89976 Crores, Says Railway Minister

v  Railways' Fuel Bill Up Rs 3300 Crore, Plus Higher Electricity Charges

v  Railways' Freight Loading Traffic Scaled Down By 100 Million Tonnes From 1025 Million Tonnes Because Of Economic Slowdown

v  Railways To Set Up A Debt Service Fund

v  Fuel Component Of Freight Tariff Will Be Dynamic

v  Freight Earning To Grow By 9 Per Cent To Rs 93,554 Crore

v  5.2 Per Cent Growth In Passenger Traffic Expected In 2013-14

v  Freight Target Fixed At 1,047 Mt For 2013-14, 40 Mt Over The Current Year

v  Railway Hopes To End 2013-14 With A Balance Of Rs 12,506 Crore

v  Planned Investment Of Rs 63,363 Crore For 2013-14, Including Rs 600 Crore From Ppp Route

v  Resource Constraint Can't Be An Excuse For Sub Standard Services

v  Have Spent Rs 100 Crores On Upgrading 3 Delhi Stations

v  12th Plan Railway Size To Be Rs 5.19 Lakh Crore, With Gross Budgetary Support Of Rs 1.94 Lakh Crore.

v  Rs One Lakh Crore To Be Raised From Public-Private Partnership, Rs 1.05 Lakh Crore Through Internal Resources In The 12th Plan, Says Railway Minister

v  Railways Will Leverage On India's Prowess In Information Technology. Makes Eminent Sense As It Will Improve Passenger And Freight Services

v  Railways Will Haul 1007 Million Tonnes Of Freight, 38 Million Tonnes More Than Last Year

v  Freight Traffic Is The Mainstay Of Income For Railways, Says Railway Minister

v  12th Plan Market Borrowing At 1,20 Lakh Crores

 

B.    Rail Budget About Passenger Fare, Tatkal Charges, Cancellation & Reservation Charges

v  Tatkal Charges for Sleeper Class Raised By Rs 15 to Rs 25 and For Ac Chair Car from Rs 25 to Rs 50. Tatkal Charges in Ac-3 Tier Increased By Rs 50; Ac-2 Tier and Executive Class by Rs 100.

v  Cancellation Charges Increased For All Classes Between Rs 5 And Rs 50. No Increase in Parcel and Luggage Rates.

v  Reservation Fee For Ac First And Executive Classes Rose To Rs 60 From Rs 35 And That Of First Class And Ac-2 Doubled To Rs 50. Reservation Fee For Ac Chair Car, Ac-3 Economy And Ac-3 Tier Increased To Rs 40 From Rs 25. Supplementary Charges for Superfast Trains Rose between Rs 5 and Rs 25.

v  Supplementary Charges For Super Fast Trains, Reservation Fee, Clerkage Charge, Cancellation Charge And Tatkal Charge Marginally Increased

v  No Hike in Basic Passenger Fares; Reservation Charges, Tatkal Fee Raised. Across The Board Hike in Freight Charges by an Average of About 5.8%.

v  Dynamic Fuel Prices May Raise Freight Prices By 5%

v  Freight Earning To Grow By 9 Per Cent To Rs 93,554 Crore

 

C.    Rail Budget About New Trains, New Projects And New Services

v  Introduction Of Executive Lounge At 7 More Stations: Bilaspur, Visakhapatnam, Patna, Agra, Nagpur, Jaipur And Bengaluru

v  ‘Azadi Express’ To Connect Places Associated With Freedom Movement

v  72 Additional Services To Be Introduced In Mumbai And 18 In Kolkata

v  500 Km New Lines, 750 Km Doubling, 450 Km Gauge Conversion Targeted In 2013-14

v  500-Km New Lines To Be Completed In 2013-14

v  Next Gen E-Ticketing System To Be Rolled Out; Will Handle 7200 Tickets/Minute As Of 2000 Now

v  Project Of Sms Alerts To Passengers Providing Updates On Reservation Status

v  Internet Ticketing From 00:30 Hours To 23:30 Hours

v  Fuel Adjustment Component Linked Revision For Freight Tariff To Be Implemented From April 01, 2013

v  First Ac Emu Rake To Be Introduced On Mumbai Suburban Network In 2013-14

v  Upgrading Another 60 Stations As Adarsh Stations In Addition To 980 Already Selected

v  8-10 More Mechanized Laundries For Quality Washing Of Linen

v  Setting Up Of Six More Rail Neer Bottling Plants At Vijayawada, Nagpur, Lalitpur, Bilaspur, Jaipur And Ahmedabad

v  A New Forged Wheel Factory Will Be Set Up At Rae Bareli In Collaboration With Rashtriya Ispat Nigam Limited

v  A Greenfield Mainline Electrical Multiple Units (Memu) Manufacturing Facility Will Be Set Up At Bhilwara (Rajasthan) In Collaboration With State Government And Bhel

v  Railways To Set Up A Coach Manufacturing Unit In Sonepat District (Haryana) In Collaboration With State Government

v  Railways To Set Up A Midlife Rehabilitation Workshop At Kurnool (Andhra Pradesh) In Collaboration With The State Government

v  Bikaner And Pratapgarh Workshops To Undertake Poh Of Bg Wagons

v  Railways To Set Up A Workshop For Repair And Rehabilitation Of Motorized Bogies At Misrod (Madhya Pradesh)

v  Railways To Set Up A New Wagon Maintenance Workshop In Kalahandi (Odisha)

v  Railways To Set Up A Modern Signaling Equipment Facility At Chandigarh Through Ppp Route

v  New Coach Manufacturing And Maintenance Facilities To Be Set Up In Various Places Including Rae Bareli, Bhilwara, Sonepat, Kalahandi, Kolar, Palakkad And Pratapgarh.

v  Plan To Launch Corporate Safety Plan For 10 Years From 2014, Says Railway Minister

v  Committed To Bring A Marked Change In Railway Amenities

v  Plan For Free Wi-Fi On Trains

v  1800-111-310 Toll Free For Suggestions And Complaints

v  Indian Railway Institute For Financial Management To Be Set Up At Secunderabad To Train Rail Officers On A Regular Basis.

v  Railway Energy Management Company To Be Set Up To Harness Solar And Wind Energy

v  Proposed 179 Escalators And More Wheelchairs, Says Railway Minister

v  104 Stations Identified For Added Amenities, Says Railway Minister

v  Railways Created 4 Companies Of Rpf Personnel For Women

v  Bansal Announces Luxury Coaches

v  Plan Executive Lounges In Bilaspur And Nagpur, Says Railway Minister

v  Railway Minister Re-Iterates Concerns Raised By Sam Pitroda Panel On Modernisation And Kakodar Panel On Safety

v  Frequency Of 24 Trains To Be Increased, And Run Of 57 Trains To Be Extended

v  Railway Budget 2013: 26 New Passenger Trains Announced - The New Trains Are:

ü  Bathinda - Dhuri Passenger (Daily)

ü  Bikaner-Ratangarh Passenger (Daily)

ü  Bhavnagar - Palitana Passenger (Daily)

ü  Bhavnagar - Surendranagar Passenger (Daily)

ü  Bareilly - Lalkuan Passenger (Daily)

ü  Chhapra -Thawe Passenger (Daily)

ü  Loharu - Sikar Passenger (Daily) After Gauge Conversion

ü  Madgaon - Ratnagiri Passenger (Daily)

ü  Marikuppam - Bangalore Passenger (Daily)

ü  Muzaffarpur - Sitamarhi Passenger (Daily) Via Runnisaidpur

ü  Nadiad - Modasa Passenger (6 Days A Week)

ü  Nandyal - Kurnool Town Passenger (Daily)

ü  New Amravati - Narkher Passenger (Daily)

ü  Punalur - Kollam Passenger (Daily)

ü  Purna - Parli Vaijnath Passenger (Daily)

ü  Palani-Tiruchendur Passenger (Daily)

ü  Ratangarh - Sardarsahar Passenger (Daily) After Gauge Conversion

ü  Samastipur- Banmankhi Passenger Via Saharsa, Madhepura (Daily) After Gauge Conversion

ü  Shoranur - Kozhikode Passenger (Daily)

ü  Surendranagar - Dharangdhara Passenger (Daily)

ü  Suratgarh - Anupgarh Passenger (Daily)

ü  Somnath - Rajkot Passenger (Daily)

ü  Sitamarhi - Raxaul Passenger (Daily)

ü  Sriganganagar - Hanumangarh-Sadulpur Passenger (Daily) After Gauge Conversion

ü  Talguppa - Shimoga Town Passenger (Daily)

ü  Thrisur-Guruvayur Passenger (Daily)

v  Bansal Announces New Lines –

ü  Bhupdeopur-Raigarh (Mand Colliery) (Through Ppp);

ü  Gevra Road-Pendra Road (Through Ppp)

ü  Jaisalmer (Thiyat Hamira)-Sanu;

ü  Karaikal-Peralam;

ü  Rewari-Rohtak New Line Extension Up To Makrauli;

ü  Sultanpur To Kadipur;

ü  Thanjavur-Pattukkottai

v  Bansal Proposed To Take Up 22 Projects Of New Lines And One Gauge Conversion Project. These Include

ü  Ajmer-Kota (Nasirabad-Jalindri),

ü  Anandnagar-Ghugli Via Maharajganj,

ü  Barwadih-Chirmiri,

ü  Delhi-Sohna-Nuh-Firozpur

ü  Jhirka-Alwar,

ü  Dimapur - Tizit And

ü  Pushkar-Merta.

 

D.   Rail Budget – Other Key Provisions

v  Dynamic Fuel Adjustment Component To Be Introduced On Freight Rates From April One, That Will Result In Less Than Five Per Cent Increase In Rates

v  1.52 Lakh Vacancies Being Filled Up This Year; 47000 Of This Earmarked For Weaker Sections And Physically Challenged

v  47,000 Vacancies For Weaker Sections And Physically Challenged To Be Filled Up Soon

v  Railways Will Hone Skills Of Finance And Accounts Officers

v  Awarded Sportspersons To Get Free First Class Travel

v  Concessional Travel For Sportspersons, Military Personnel Who Have Won Awards, New Rail Factories, Sops To Railway Employees

v  Looking At Potential Application Of Aadhar

v  Irctc Website To Be Revamped

v  Next Generation E-Ticketing System By End Of This Year

v  Online Reservations Time May Be Extended

v  Corporate Safety Plan To Be Prepared For Ten-Year Period

v  Growth Of Railways Is Inextricably Linked With The Growth Of The Overall Country

v  Railways Must Remain Financially Sustainable For Its Users, Says Railway Minister

v  Railway Plays An Important Role In The Growth Of The Nation

v  Scarcity Of Resources Is A Challenge Being Faced By Railways

v  Targets Need To Be Much Higher For Railways: Pawan Kumar Bansal

v  Railway Passengers Deserve A Safe And Comfortable Journey: Pawan Kumar Bansal

v  11th Plan Fell Short Of Targets For Doubling

v  Railways Faced Steep Hike In Input Costs

v  We Face Mounting Scarcity Of Resources, Says Pawan Bansal

v  Safety Fund Provisioning Is Inadequate, Says Railway Minister

v  Reduction In Number Of Train Accidents, Says Bansal

v  Need Paradigm Shift In Tariff And Freight Policy

v  Raising Rs 95000 Crore In The Next 4 Years Needs A Paradigm Shift

v  12th Plan Budgetary Allocation At Rs 5.19 Lakh Crore

v  Railways Trying To Achieve The Goal Of Zero Accidents

v  Pawan Bansal Hints A Huge Step Up In Investment In Automatic Signalling To Make Rail Travel Safe For Passengers

 

Courtesy: CA Nitesh More, Kolkata