Rail Budget 2016: ‘Core objective is to grow, create jobs, provide service’

FEb 25:  Union Railway Minister Suresh Prabhu said Thursday the core objectives of this year’s Budget was to become an engine of economic growth, to create employment and to provide better service to customers.

-Punctuality of passenger trains has been a concern for decades, initiated audit and improvement is visible

-Increasing senior citizens quota by 50%

-Introduced wi-fi services at 100 stations this year and will be introduced in 400 more next year

-1,17,000 bio-toilets will be installed this year

-Bids have been invited for redevelopment oif HABAIBGANJ station. 4 more stations will be denveloped this way

-1,780 automatic ticket vending machines for passengers implemented

-Common people has been focus of all our initiatives

-Enhanced capacity of e-ticketing system from 2000 tickets/min to 7,200/min

-Set up dedicated IVRS system to answer to queries by passengers

-World’s first bio-toilet introduced in Dibrugarh Rajdhani

-Schemes being given assent in 6-8 month instead of two years to increase efficiency

-Cabinet in historic decision allowerd JVs with states

-44 new projects valued Rs. 92,714 crores to be implemented this year

-65000 new berths added by augumenting coaches

-Looking forward to increase average speed of trains

-No barrier today between a common passenger and indian railways

-Social media used for feedback and complaints redressal mechanism

Work on Katra-Banihal section in Jammu and Kashmir progressing satisfactorily

-Better connectivity of northeast region is of utmost importance

Broad guage lumdig-silchar section opened

-Finalised bids for two new loco plants

-More dedicated freight corridors to accommodate the increased demand in freight transport.

-High end technology to significantly improve safety record by 2020

-8.5 lakh crore to spent over 5 years for modernization of railway infrastructure

-Delegated to the Zonal railways all tender related powers

Action initiated to look into the prevailing loopholes in the system

-Changed metric from completion to commissioning

-Unmanned level crossings will be eliminated by 2020′

-Action initiated on 139 budget initiatives launched last year

-New way of funding projects introduced using institutional financing

-Expect revenue growth of over 10% this year, says Railway Minister

-1,600 km of electrification this year and 2,000 km in the next year are proposed

-Railways to generate 9 crore mandays in financial year 2017-18 and 14 crore mandays in 2018-19

Rs 24000 cr contracts awared since november last yar

Aiming for revenues of Rs 184820 crore in 2016

-Every rupee investment in Indian Railways can impact economic output in the larger economy by a factor of 5 Vision

-Railways must provide to citizens a system free from capacity constraint,a system that is efficient

-An implementation report  on the 139 budget announcements last year been issued

-2500 km of new broadgauge tracks will be commissioned

-This year the average rate of new track laying was 7 kms per day and it will increase to 13 km per day next year

-Co-operation, collaboration and communication, hall marks of Indian Railways journey forward

-Rate of Cap-ex has increases exponentially

-This year’s capital plan 1.21 lkah crores

-We will abandon business as usual approach

-Will exploit new sources of revenue

-The impact of this increase in investment on railways will be unprecedented

-RAIL system should be free of capacity constraints

-Budget owes its vision to PM Narendra Modi; aims at customer friendly transport, development, and connectivity

-We need to bring a new approach, a new way of working

-Navarjan – ways to increase ways to increase revenue

-Navmanak – expenses will be analysed to in crease productivity

-Navsancharchana: Revisit all processes and structures

-We will draw upon our inherit strengths

-Operating ratio of 92% is expected in 16-17

-Target to restrict increase in expenses by 11.5%

-Its not my budget alone but reflects aspirations of common citizens of India

-Suggestions have been taken from all sections of the society

-Core obejective is to improve customer experience and generate jobs

-These are challenging times, may be the toughest

– Prabhu starts Rail Budget speech

– Suresh Prabhu alongwith MoS Railways Manoj Sinha arrive at Parliament carrying Rail Budget 2016 documents

Prabhu left from Rail Bhawan carrying Rail Budget documents at 11:25 am and will present the Budget in Lok Sabha at 12 noon.

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