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Railway Budget highlights

Through this Budget, I am committed to initiatives that will bring satisfaction to the travelling public, says Mamata Banerjee, Union Railways Minister.

Through this Budget, I am committed to initiatives that will bring satisfaction to the travelling public, says Mamata Banerjee, Union Railways Minister.

Stocks on the right track:

  • BEML: The coach manufacturer will gain because the railways has farmed out orders to meet the growing demand of wagons and EMU coaches.
  • TITAGARH WAGONS: As part of the move under its public-private partnership initiative, the Railway Board is shortly expected to invite fresh tenders for supplying 21 rakes, wherein the Titagarh Wagons is expected to gain.
  • STONE INDIA: The company engaged in manufacturing equipment like alternators, air brakes and brake regulators for railways will get business from replacement of old wagons.
  • KALINDEE RAIL NIRMAN: The huge investment earmarked by the railways for the freight corridor project will benefit this company.
  • TEXMACO: The company got the largest rolling stock orders from the Indian Railways in 2008-9.

Performance (in figures)

Besides economic viability, the minister wants the railways to look at ‘social viability’ too:

  • Rs 88,419 cr is the estimated amount of Gross Traffic Receipts.
  • Rs 79,862 cr is the revenue from rail traffic.
  • Rs 17,400 cr is cash surplus generated before dividend.
  • Rs 4,717 cr is the dividend liability paid to the government.
  • Rs 12,681 cr is the total investible surplus generated.
  • Rs 36,336 cr is the annual plan expenditure.

Passenger benefits:

  • TATKAL TICKETS to be cheaper and will be a percent of the fare, subject to a minimum of Rs 100, down from Rs 150. The scheme will be reduced from the current five days to two.
  • SMS UPDATES will be made available to passengers to check train and reservation status.
  • E-TICKET cancellation system to be simplified.
  • STUDENTS to get 60% concession on tickets.
  • INFOTAINMENT services to be provided on major long-distance trains.
  • ATMS on 200 mid- and small-sized stations.
  • RESERVED TICKETS to be sold at 5,000 post offices across the country.
  • AUTOMATIC VENDING MACHINES to be installed at 200 large and small stations.
  • SUPERFAST PARCEL EXPRESS TRAINS to be started on a pilot basis on Delhi-Chennai and Delhi -Mumbai routes.
  • DOCTORS on longdistance trains may soon be a possibility.