Railway Budget for 2016-17 GENERAL
* Budget reflects aspirations of the entire railway family * Rail Budget reflects aspiration of all * Core objective is to improve individual experience * Rail Budget is the vision of PM Modi * Making all efforts to turn PM's vision into reality * Railways facing headwinds on tepid economic growth * Railways have stood the test of time * Need to overhaul Railways' work culture * Need to bring in new approach * Will lay out three pillars of strategy * Looking at new areas for generating revenues * Need to reorganise, rejuvenate, restructure railways * Railways facing headwinds from 7th pay panel burden * Will engage with global agencies for funds * Absolute deductions planned in expenses such as diesel * Have significantly reduced cost of power procurement * Will revisit all rules, structures to overhaul railways * To improve procurement practises at par with international norms * New revenues through changes in freight policies * Punctuality has gone up to almost 95% * To include implementation reports in Budget * Carry 23 mln passengers every day * Special teams to screen railway operations * To introduce 33% quota for women passengers FY17 ESTIMATES * FY17 investment seen at 1.21 trln rupees * Investment rate of capex has increased substantially * FY17 capital expenditure seen 1.2 trln rupees * FY17 revenue seen 1.84 trln rupees * Capex to grow exponentially * Ramped up capex in FY17 * FY17 operating ratio seen 92% * Increasing rigour on cost optimisation in FY17 * Freight's contribution to earnings seen 67% * FY17 gross budgetary support seen 400 bln rupees * 44 new projects planned FY17 worth 927 bln rupees FY16 REVISED * 87.2 bln rupees saved from last year budget estimate * FY16 operating ratio seen 90% * FY16 loss from subsidising passenger fares seen 300 bln rupee * Saving from previous Budget estimates 787 bln rupees INFRASTRUCTURE, MODERNISATION * To be at forefront of infrastructure growth * Railways will be at forefront of infra growth * To generate employment for 90 mln man days by FY18 * To commission broad gauge lines at 7 km/day FY17 * FY17 track commissioning aim 2,800 km * Aim to have zero direct discharge of human waste by 2020 * Reserved accommodation to be available on demand by 2020 * Aim 80 km/hour avg speed of express train by 2020 * Freight speed seen at 50 km/hr by 2020 * To eliminate all unmanned level crossings by 2020 * Taken action on 139 Budget announcements made last yr * To run semi high-speed trains on Golden Quadrilateral by 2020 * Action initiated on 139 FY16 Rail Budget announcements * To meet reservation on demand by 2020 * Will take a zero-based budgeting approach * To take zero-base budgetary approach for freight * To conduct recruitment online * To set up Margao, Hazira ports FY17 via PPP * To spend 8.5 trln rupees over 5 yrs to modernise rail infra * To hasten electrification of railways working with Power Min * To build more dedicated freight corridors * To up FY17 allocation for electrification by 50% * To generate employment of 140 mln man-days in 2018-19 * 65,000 additional berths generated in FY16 * Taken steps to significantly improve svcs for rail passengers * Dedicated IVRS system receiving over mln feedback calls daily * Set up mechanism to get direct feedback from customers * Responsiveness to customer needs touched new heights this yr * Initiated IT-based internal audit * Signed MoUs with some zonal railways * To move to contract award system online in FY17 * Social media being used as a tool to bring transparency * Mission to ensure transparent bidding process * To set up 2 loco units with 480 bln rupee invest * To set up new loco units with order book of 400 bln rupees * Aim to have 100 WiFi-enabled stations this yr, 400 in next 3 * To redevelop stations by different models * Finalised 2 locomotive factories bids under 'Make In India' * E-ticket capacity 7,000 tickets/minute now vs 2,000 earlier * Introduced 1,780 automatic ticket vending machines * Initiated capacity augmentation on some busy routes * Developed application to maintain centralised land data * To open cashless ticketing facilities for foreigners in 3 mos * To introduce tickets with bar codes * To introduce bar-coded tickets * To start track management system under Digital India * To introduce bar-coding of tickets at major stations * To allow cancellation of tickets via call on 139 NEW TRAINS, LINES * Plan to electrify 2,000 km track in FY17 * Track laying to be at 13km/day in FY18, 19km/day in FY19 * North-South dedicated freight corridors in Delhi-Chennai * Plan Kharagpur-Vijaywada freight corridor * Plan Mumbai-Kharagpur freight corridor * Decongestion on Jalandhar-Jammu line going on * To put 3 freight corridor projects on high priority * Mizoram, Manipur to come under broad gauge network soon * To launch long distance fully unreserved Antyodaya trains * To have more unreserved passenger coaches * Proposed dedicated freight corridor for east-west, east coast * Proposed dedicated freight corridors for north-south * Overnight double-decker trains named 'Uday trains' * Overnight double-decker trains for better access on busy line BORROWING * Will scout overseas for rupee bonds * To scout international markets for rupee bonds INVESTMENT PUSH * Secured funding from LIC at favourable terms * Bankable projects assured of funding now * LIC to invest 1.5 trln rupees over 5 years * 1 rupee invest in rail can impact econ output by factor of 5 * In partnership with SAIL, NTPC, coal ministry on funding * Signed MoUs with 6 states for JVs * Got expressions from 17 states to form JVs * MoUs with zonal railways for quantifying performance * Forming JV with states for local rail projects * Availing multilateral financing for station development * Cabinet approved redevelopment of 400 stations via PPP model * Bidding process in advanced stage to redevelop 4 stations * To undertake bidding to redevelop some big stations next yr * Bankable railway projects to be completed in 3-4 years MISCELLANEOUS * To raise quota of lower berth for women, senior citizens * To build additional toilets in 475 stations before FY16 end * Aim 17,000 bio-toilets before FY16 end * Initiated audit for punctuality of passenger trains * Disposable bed rolls at all stations for all classes * 311 railway stations currently under CCTV surveillance * All stations to have CCTV surveillance in phased manner * Anti-falling measures in suburban coaches * To eliminate accidents by adopting latest technology * Entered into R&D pacts with Korea, Japan to improve ops * All railway stations to be under CCTV surveillance in phases * Supporting 120,000 concurrent users now vs 40,000 earlier * Installed CCTV cameras at 311 stations * To introduce 'Deen Dayalu' coaches * Every customer a brand ambassador for railways * To upgrade Baroda rail institute to full fledged university * Working on implementing Kakodkar panel report on safety * To have Hamsafar, Tejas, Uday coaches for reserved passengers * Tajas speed to be 130 km/hour * Deen Dayalu coaches for unreserved passengers for long travel * To add 2 or 4 more unreserved coaches in long distance trains * New catering policy for multipurpose stalls at stations * To extend e-catering services to all 408 A1, A2 stations * IRCTC to introduce local cuisines available on demand * To make local cuisine available on demand on trains * IRCTC to unbundle catering services * Set up Swachh Rail waste aggregation and recycling centre * To install 30,000 bio-toilets at stations * To start Clean-My-Coach service on pan-India basis * To introduce CCTV coverage at all Tatkal counters <http://groups.yahoo.com/subscribe/worldmalayaliclub/> [image: Inline image 1] *வாழிய செந்தமிழ்! வாழ்க நற்றமிழர்!* *வாழிய பாரதமணித் திருநாடு!* [image: Dancing smiley animated emoticon] *v **a n a k k a m** S u b b u* [image: Dancing smiley animated emoticon] -- You received this message because you are subscribed to the Google Groups "Thatha_Patty" group. 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