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Pramit Singh
Rail Budget 2014 : Highlights
Union minister Sadananda Gowda is presenting his first Rail Budget in the Lok Sabha. Here are the highlights :
* Indian railways to become the largest freight carrier in the world.
* Social obligation of Railways in 2013-14 was Rs 20,000 crore.
* Gross traffic receipts in 2013-14 was Rs 12,35,558 crore; operating ratio was 94 per cent.
* Focus in past has been on sanctioning projects rather than completing them, Railway minister says.
* Indian Railways spent Rs 41,000 crore on laying of 3,700 km of new lines in last 10 years.
* Fare revision will bring in Rs.8,000 crore; need another Rs.9,000 crore for golden quadrilateral project.
* Railways also proposes to set up Food Courts at major stations.
* Need to explore alternative sources of resource mobilisation and not depend on fare hike alone, Railway minister says.
* Spend 94 paisa of every rupee earned, leaving a surplus of only 6 paisa.
* With 12,500 trains, railways move 23 million passengers every day; equivalent to moving Australia's population.
* Separate housekeeping wing at 50 major stations.
Source: timesofindia.indiatimes.com/budget-2014/railway-budget-2014/Highlights-of-Rail-Budget-2014/articleshow/38004836.cms