Description
Rail budget 2011-2012 main points. It Explais the major decisions and numbers involved.
Rail Budget 2011 - 2012
Rail Budget 2011-12 introduced a fleet of new trains on many routes of Indian railways. 9 new Duronto trains, 3 Shatabdis and 56 super Fast trains have been proposed in the budget. 2 AC Double Decker Trains in the Jaipur-Delhi and Ahmedabad-Mumbai routes have been proposed. The union railways minister announced a new Super AC class in Indian railways to cater to the needs of corporate travellers. The initiative was incorporated in the budget to attracting passengers from higher traits of the society. Mamta Banerjee introduced a new concept of Smart Card - Go India for long distance travel by Indian railways. The all new concept of introducing Smart Card is expected to benefit passengers travelling long distance by helping them to cut down their time and cost of buying multiple tickets. Presenting the Rail Budget 2011-12, Mamta Banerjee announced special ounces for railway employees. The entire railway cadre will be restructured to ensure the promotion of employees. Scholarship schemes for children of railway employees were raised to Rs 1200. Banerjee also announced to induct 16000 ex-servicemen from March 2011. The Rail Budget 2011- 2012 highlights are as below: * No increase in fares. * Earnings for 2010-11 set to exceed Rs.1 lakh crore. * Working expenditure during 2011-12 estimated at Rs.87,000 crore. * Outlay of Rs.57,630 crore for 2011-12, the highest investment in one year. * Rs.10,000 crore to be raised through railway bonds. * Budget combines strong economic focus with inclusion. * Will develop business-oriented policies to aid industry. * Happy to announce 85 PPP proposals received; set up single-window system to take these forward. * Decided to set-up rail-based industries. * Passing through a difficult phase; 97 percent increase in expenditure in 2010-11 due to implementation of Sixth Pay Commission report. * Loss of Rs.3,500 crore in 2010-11. * Ten-year backlog of 1.75 lakh jobs being addressed; 16,000 ex-servicemen to be given jobs in railways.
* Safety first priority; accident rate has come down. * Anti-collision device, successful in North West Frontier Railway, to be extended to three more zonal railways. * Railways always been a soft target but law and order a state subject. If railways are blocked in one region, this has a snowballing effect in other parts of the country. * Will add 180 km of rail lines in 2011-12. * All-India security helpline set up. * New Durantos to be run on Allahabad-Mumbai, Pune-Ahmedabad, Sealdah-Puri, Secunderabad-Visakhapatnam, Madurai-Chennai routes, among others. * Rail linkage to Gujarat from Delhi-Mumbai freight corridor. * Integrated suburban network to be set up in Mumbai, Chennai, Ahmedabad and other cities; suburban system of Hyderabad to be strengthened. * Mumbai suburban system's EMU coaches to be increased from nine to 12. * Pradhan Mantri Rail Vikas Yojna to be launched. * Industrial park to be set up in Nandigram, West Bengal. * Railways to set up factory in Jammu and Kashmir. * To set up Metro coach factory at Singur, West Bengal. * First coach from Rae Bareli factory to roll out in next three months. * Work on wagon factory in Orissa to begin after land is acquired. * Manipur capital Imphal to be soon connected to railway network. * Centre for excellence in software to be set up at Darjeeling. * Fund to be created for socially desirable projects. * Central Organistaion for Project Implemtaiton created; will create accountability for nonperformance. * Work started on two dedicated freight corridors.
* Work on upgrading 442 stations to be completed by March 31. * Decision to start pilot projects to give shelter to homeless people living along the tracks in Mumbai. * Multi-purpose smart card to be introduced for all-India travel. * Airport-like trolleys to be provided at more stations. * Railways to set up a sports cadre. * Upgraded class of air conditioned travel to be introduced shortly. * To adopt modern technology through centres of academic excellence. * Train to run to Bangladesh to showcase Indian culture. * Age for senior citizen's concession reduced to 58 from 60. * Concession for physically handicapped and gallantry award winners for travel in Rajdhani and Shatabdi expresses.
doc_449113078.docx
Rail budget 2011-2012 main points. It Explais the major decisions and numbers involved.
Rail Budget 2011 - 2012
Rail Budget 2011-12 introduced a fleet of new trains on many routes of Indian railways. 9 new Duronto trains, 3 Shatabdis and 56 super Fast trains have been proposed in the budget. 2 AC Double Decker Trains in the Jaipur-Delhi and Ahmedabad-Mumbai routes have been proposed. The union railways minister announced a new Super AC class in Indian railways to cater to the needs of corporate travellers. The initiative was incorporated in the budget to attracting passengers from higher traits of the society. Mamta Banerjee introduced a new concept of Smart Card - Go India for long distance travel by Indian railways. The all new concept of introducing Smart Card is expected to benefit passengers travelling long distance by helping them to cut down their time and cost of buying multiple tickets. Presenting the Rail Budget 2011-12, Mamta Banerjee announced special ounces for railway employees. The entire railway cadre will be restructured to ensure the promotion of employees. Scholarship schemes for children of railway employees were raised to Rs 1200. Banerjee also announced to induct 16000 ex-servicemen from March 2011. The Rail Budget 2011- 2012 highlights are as below: * No increase in fares. * Earnings for 2010-11 set to exceed Rs.1 lakh crore. * Working expenditure during 2011-12 estimated at Rs.87,000 crore. * Outlay of Rs.57,630 crore for 2011-12, the highest investment in one year. * Rs.10,000 crore to be raised through railway bonds. * Budget combines strong economic focus with inclusion. * Will develop business-oriented policies to aid industry. * Happy to announce 85 PPP proposals received; set up single-window system to take these forward. * Decided to set-up rail-based industries. * Passing through a difficult phase; 97 percent increase in expenditure in 2010-11 due to implementation of Sixth Pay Commission report. * Loss of Rs.3,500 crore in 2010-11. * Ten-year backlog of 1.75 lakh jobs being addressed; 16,000 ex-servicemen to be given jobs in railways.
* Safety first priority; accident rate has come down. * Anti-collision device, successful in North West Frontier Railway, to be extended to three more zonal railways. * Railways always been a soft target but law and order a state subject. If railways are blocked in one region, this has a snowballing effect in other parts of the country. * Will add 180 km of rail lines in 2011-12. * All-India security helpline set up. * New Durantos to be run on Allahabad-Mumbai, Pune-Ahmedabad, Sealdah-Puri, Secunderabad-Visakhapatnam, Madurai-Chennai routes, among others. * Rail linkage to Gujarat from Delhi-Mumbai freight corridor. * Integrated suburban network to be set up in Mumbai, Chennai, Ahmedabad and other cities; suburban system of Hyderabad to be strengthened. * Mumbai suburban system's EMU coaches to be increased from nine to 12. * Pradhan Mantri Rail Vikas Yojna to be launched. * Industrial park to be set up in Nandigram, West Bengal. * Railways to set up factory in Jammu and Kashmir. * To set up Metro coach factory at Singur, West Bengal. * First coach from Rae Bareli factory to roll out in next three months. * Work on wagon factory in Orissa to begin after land is acquired. * Manipur capital Imphal to be soon connected to railway network. * Centre for excellence in software to be set up at Darjeeling. * Fund to be created for socially desirable projects. * Central Organistaion for Project Implemtaiton created; will create accountability for nonperformance. * Work started on two dedicated freight corridors.
* Work on upgrading 442 stations to be completed by March 31. * Decision to start pilot projects to give shelter to homeless people living along the tracks in Mumbai. * Multi-purpose smart card to be introduced for all-India travel. * Airport-like trolleys to be provided at more stations. * Railways to set up a sports cadre. * Upgraded class of air conditioned travel to be introduced shortly. * To adopt modern technology through centres of academic excellence. * Train to run to Bangladesh to showcase Indian culture. * Age for senior citizen's concession reduced to 58 from 60. * Concession for physically handicapped and gallantry award winners for travel in Rajdhani and Shatabdi expresses.
doc_449113078.docx