Highlights of Railway Budget 2008-09
February 26, 2008
Union Railway Minister Lalu Yadav presented the Railway Budget for 2008-09
in Indian Parliament on Tuesday.
Following are the highlights:
Review of performance: 2007-08
* Double digit growth in traffic earnings maintained in first nine
months.
* Growth in passenger earnings 14%.
* Expected growth in goods earnings 14%.
* Gross Traffic Revenues 16% higher than the previous year and 2%
higher than the Budget Estimates.
* Operating Ratio likely to improve from the budgeted 79.6 to 76.3 per
cent - best in last four decades.
* Return on Capital - an all time high of 21 per cent.
* Cash Surplus before dividend expected to be a record Rs.25,000 cr.
* Net Revenue expected at Rs. 18,416 cr and surplus after payment of
dividend expected at Rs.13,534 cr.
Budget estimates 2008-09
* Freight loading target: 850 million tones.
* Revenues in Freight earnings to be Rs.52,700 cr;? Passenger earnings
to be Rs.21,681 cr.
* Gross Traffic Receipts to be Rs.81,901 cr - an increase of 12.6 per
cent over RE.
* Cash surplus before Dividend to be Rs.24,783 cr after making an
ad-hoc provision of nearly Rs.5000 cr for anticipated recommendations of the
VI Central Pay Commission.
Annual Plan 2008-09
* The Annual Plan of Rs.37,500 cr is the largest ever Annual Plan so
far.
* Thrust areas include enhancement of high density network routes,
improvement and expansion of traffic facility and network, construction of
flyovers, bypasses and upgradation of goods-sheds.
* New Lines? - Rs.1,730 cr, Gauge conversion - Rs.2,489 cr,
Electrification - Rs.626 cr, Metropolitan Transport Projects - Rs.650 cr.
* Track renewal - Rs.3,600 cr, Bridges - Rs. 600 cr, Signal &
Telecommunication works -Rs.1,520 cr, Road over/under bridges - Rs. 700 cr
and manning of unmanned level crossings - Rs.600 cr.
* Passenger amenities - Rs. 852 cr, the highest so far.
* Targets : New Lines - 350 kms, Gauge conversion - 2,150 kms,
Doubling - 1000 kms.
Passenger services
Trains
* 10 new Garib Raths to be introduced.
* 53 pairs of new trains.
* Extension of trains : 16 pairs.
* Increase in frequency : 11 pairs.
* 300 additional services in Mumbai suburban.
* Special train from Anandpur Sahib and Patna Sahib to Gurudwara
Sachkhand Sahib during tercentenary function of Shri Guru Granth Sahib of
Gurta Gaddi.
* Special train between Pune and Delhi for Commonwealth Youth Games
being held in Pune from 12th-18th October this year.
Amenities
* Provision of on-line coach indication display board; on-line train
arrival departure information board; on-line reservation availability
information board.
* Provision of discharge-free green toilets in all 36,000 coaches in
XI Plan period at a cost of about Rs.4,000 cr.
* LHB design coaches for all Rajdhani and Shatabdi trains over next
few years.
* Provision of LHB coaches with stainless steel bogies in Mail/Express
trains.
Concessions
* Senior citizen concession for women enhanced to 50% from existing
30%.
* Free Monthly Seasonal Ticket to girl students up to graduation level
in place of 12th standard and for boys up to 12th standard in place of 10th
standard.
Improvements in ticketing
* Termination of queues at ticket counters targeted in two years.
* Ticket booking on mobile phones;? E-ticket for waitlisted
passengers.
* Increase in Unreserved Ticketing Systems counters to 15,000 and
ATVMs to 6000.
Reduction in passenger fares
* One rupee discount per passenger for fares up to Rs.50 in non
suburban Second Class (ordinary and mail/express)
* 5% discount across the board for passenger fares beyond Rs.50 for
all non suburban Second Class (ordinary and mail/express)
* Increase in discount for travel in new design high capacity reserved
coaches.
* Reduction in fare - AC-I : 7%; and AC-II : 4% (the reduction will be
half for popular trains and during peak period).
Freight business
Reductions & Concessions
* 5% reduction in freight rates for Petrol and Diesel.
* 14% reduction in freight rate of Fly-ash.
* Liberalisation of Traditional Empty Flow direction incentive scheme
* 30% discount on entire traffic in place of incremental traffic
booked from goods shed.
* Increase in discount on incremental traffic booked from private
sidings from 30% to 40%.
* 6% freight concession for traffic booked from other States for
stations in North Eastern States.
New Initiatives
* Target for loading fixed at 850 MT in 2008-09.
* Blue - Print prepared for High Density Network.
* Top priority being given to port rail connectivity projects.
* New and dedicated iron ore routes to be upgraded/constructe
* Work on Eastern freight corridor from Ludhiana to Dankuni (Kolkata)
and Western freight corridor from Delhi to JNPT to start in 2008-09.
* Procurement of Rolling Stock: All time high of 20,000 wagons, 250
diesel and 220 electric locomotives to be manufactured.
* New Wagon Leasing Policy and Wagon Investment Scheme formulated to
increase availability of wagons in the system.
* Discounts for development of bulk and non-bulk goods terminals.
Safety & security
* Multi-pronged scheme to strengthen railway safety through various
automatic devices like anti-collision device etc.
* Rail accidents have reduced remarkably despite substantial increase
in gross traffic volumes.
* Fire resistant material to be used in coaches.
* Unmanned level crossings at busy sections to be manned on a fast
track basis.
* Integrated security plan drawn up through installation of CCTVs,
metal detectors etc.
Welfare measures
Social Welfare
* 99%? backlog vacancies for SCs/STs filled up in special campaign
launched since 2004.
* Appointment of candidates from SCs/STs/OBCs exceeded their
respective quotas in?Group D appointments.
* Minorities welfare cells to be opened at Railway Board and Zonal
Railways.
* One time exercise of appointing Railway Porters as gangmen and to
other Group D posts.
* Mother-Child Health Express to be run on a pilot basis at
concessional fares in collaboration with Rajiv Gandhi Foundation for
providing medical facilities to mother and child.
Staff welfare
* Per-capita contribution to Staff Benefit Fund to be increased by ten
times from Rs.35 to Rs.350 for 2008-09.
* Northern Railway Central Hospital at Delhi to be made centrally
air-conditioned.
* Two divisional hospitals at Jaipur and Hubli to be upgraded to
central hospitals.
* A new divisional hospital at Ranchi and an OPD block at Integral
Coach Factory to be constructed.
* Employees who joined Railways from other agencies/PSUs etc and are
eligible for pensionary benefits, would now be eligible for post retirement
complimentary passes as per the norms being set.
Future vision
* Vision 2025 document aims at setting the roadmap for coming 17 years
?omer centric and market responsive strategic initiatives.
* Information Technology Vision 2012 aims at radical changes in IT
applications on a common platform with focus on improvement in operational
efficiency, transparency in working ad better services to the customers.
* Multi-Departmental Innovation Promotion Group at Apex Level.
* Public-Private Partnership schemes to be launched for attracting an
investment of Rs.1,00,000 cr over the next five years for developing world
class stations, rolling stock ad other logistics.
* Commercial use of Railway land by Rail Land Development Authority to
give a boost to Railway Revenues.
Other important announcements
* A new rail coach factory to be set up in Kerala.
* A new wagon re-construction unit to be set up at Garkha in Chapra
District.
* Modernisation and development of Workshops at Jamalpur, Lilluah,
Perambur and Ajmer.
* Taking over of Mokama and Muzaffarpur wagon factories.
* Setting up of a 1000 MW thermal power plant, a joint venture of
Indian Rail Bijli Company Ltd. with NTPC,? at Nabinagar District of
Auragabad, Bihar.
BigGains !!
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