Monday, February 26, 2007

Highlights of the Railway Budget 2007-2008 presented by Railway Minister Lalu Prasad Yadav.

  • Ladies above 45 years will have greater quota.
  • New rail lines to aid new steel & power plants.
  • No more wooden seats in trains.
  • 800 bogies to be added to popular trains.
  • Rail infrastructure revamp planned.
  • Huge investment for containers.
  • Wagon production up by 10%.
  • Fifty per cent fare concession for UPSC and other official examinees.
  • Changes in the design of compartments to help physically disabled.
  • Separate coach for vendors, milkmen and petty traders in passenger trains.
  • Coupon validating machines (CVMs), after its success in Mumbai, is to be introduced in Kolkata, Chennai
  • Mumbai to get smart card-based reservation system in Mumbai on trial basis
  • Six thousand automatic ticket vending machines to be set up in next two years
  • Number of berths to be increased from 72 to 84 in sleeper coaches.
  • Tickets to be sold at petrol pumps, ATM centres, etc
  • Ticket bookings and hotel bookings can be done through railway call centres to be set up
  • Railway interest surplus at Rs 10,227 crore
  • Freight earning s up 17% in Apr-Dec
  • Passenger traffic up 14% in Apr-Dec
  • 60 MT extra freight loading in 2007
  • To invest in 3 storey freight containers
  • 15 private container licence issued
  • Pipavah-Jaipur double-decker train to begin
  • Tariff discount to up high axle output; to explore independent private tariff agency.
  • Railways to reserve a quota of lower seats for senior citizens and for women aged more than 45 years.
  • 20-30 per cent increase in passenger traffic
  • All customer complaints to be disposed in three months
  • Fund balance at Rs 16,000 crore (Rs 160 billion)
  • Freight: Incremental loading of 60 million tonne this year
  • Cement steel traffic up by 20 to 30 per cent
  • High surplus recorded without load on common man
  • Plan to start three-storey container trains
  • Will invest massively in container operations over the next 5 years
  • Lalu claims container train experiment has been successful
  • Efforts to increase container traffic five-fold to 100 million tonnes by 2011-12
  • Each zone will have a SP grade officer to look into consumer complaints
  • New wagons to be replaced by new ones
  • To invest in improving infrastructure around railway stations
  • Wooden seats to be replaced by cushioned ones in ordinary class passenger trains from next fiscal.
  • Unreserved compartments in new trains to be increased from four to six
  • Freight revenues up 17 per cent, passenger revenues increase 14 per cent in April-December 2006

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