Rail Budget 2012-13 Live Highlights | Railway Budget 2012-13

Rail Budget 2012-13 Live Highlights, Today 14th March 2012: Union Rail Budget 2012-13 to be announced Today (14th March 2012) at 11:00 AM onwards by Union Railway Minister Mr Dinesh Trivedi. The rail budget for this year has lots of expectations for common people with many key highlights of the budget. Here comes the Live Highlights from Parliament:
Railway targeting passenger growth of 5.4 per cent in fiscal 2013.
Ordinary working expenses fixed at Rs 75,650 cr, an increase of Rs 2,000  crore over Budget Estimates; Pension payments also up by Rs 1,000 crore.
Gross traffic receipts fixed at  Rs`1.03 trillion crore, short by  Rs`2,322 crore of budget estimates.
Passenger earnings to grow to over 36,000 crore, gross traffic receipt seen at  Rs1.3 trillion
Railway Budget speech concluded.
Passenger fare hikes range from 2 paisa per km to 30 paisa per km
Passenger fare hike: AC 2tier 15 paisa per km AC first class at 30 paise per km
Fare hike: Extra 2 paise per km for ordinary and suburban trains
Setting up expert body to explore setting up independent railway tariff regulatory authority
Travel distance increased to 150 km under Izzat scheme: Trivedi
No steep increases in passenger fare: Trivedi
50 % concession in AC and AC chair cars for sickle-cell anaemia patients
I have been under tremendous support past few months over issue of inadequate resource generation
Budgetary support not yet at level required by Railways: Trivedi
Targeting under 85 per cent operating ratio in 2012-13: Railways Minister
Targeting operating ration from 95 per cent to less than 80 per cent at end of 12th five-year plan
Freight earnings in fiscal 2013 seen at Rs 89,339 crore, growth of 30.2 per cent
1025 MT of originating traffic seen in fiscal 2013, 55 MT more than revised estimate for current eyar.
Operating ratio seen at over 95 per cent against target of 91 per cent
Railways are passing through difficult phase in the current year
Financial performance section preceded by another couplet!
75 new Mumbai suburban trains
75 new express , 21 new passenger trains in 2013
Guru Parikrama special trains Amritsar, Patna  and Nanded routes.
Railways to have two new board members for PPP and Marketing, and for Safety
New hires will fill up all vacancies in SC/ST and physically challenged categories, says Trivedi
Hired 80,000 employees in 2011-12, says Minister
Railways to hire one lakh employees in 2012-2013
Wellness programmes at workplace for Railways employees
2,500 coaches to be equipped with green toilets in pilot projects.
High speed passenger corridor: study on six  corridors underway. Study on Mumbai-Pune corridor complete.
Propose to  set up housekeeping committee for train and station hygiene
Plan to set up three disaster management training centres at Bengaluru, Kharagpur and Lucknow
Introduction of alternate train accommodation system for wait-listed passengers on other trains
321 escalators to be installed at important stations
Propose to raise passenger amenities allocation from Rs762 crore to Rs1012 crore
Connectivity to join Agartala with Akura in Bangladesh
Wagon factory to be set up in Orissa.
Rail wheel plant at Chhapra produced ready for commissioning on 2012-13
In light of limited support from government, Railways needs to rely on PPP significantly.
Elevated car project from Churchgate to virar through PPP route to be studied.
Conversion of DC to AC fully achieved on Western Railway, Central Railway to be complete in 2012-2013.
Udhampur Srinagar-Baramula line to be electrified
Poised to have 4500 km of route electrification this fiscal, and propose 6500 km in 12th plan period
Rs3,393 crore for doubling of lines,  23 new line doubling projects next year
We will be able to convert most lines in12th Five-Year plan period
Target of 800 km gauge conversion for next year with fund allocation of Rs 1,950 crore
Slippages in gauge conversion target due to funding issues
Allocation Rs6,872 crore under new line plan
Propose to undertake 114 new line surveys in 2012-2013: Railways Minister
Need to hasten new lines for tribal, underdeveloped areas
725 km of new lines in current year, almost same as last year: Trivedi
Propose to set up logistics corporation and logistics park: Railways Minister
Rs 4410  crore towards capacity augmentation, says Railways Minister
Employment potential of 50,000 at these stations
100 such station in 5 years through PPP, cost neutral for railways
Have set up separate Indian Railways Station Development Corp, to maintain stations on pattern of  airports.
High speed trains to be introduced for both passengers and freight
19,000 km of 1 lakh km sees 80 per cent of traffic, signalling to be upgraded on this stretch first
Five focus areas: track, bridges, signaling and communications, station, and freight terminals
Annual outlay target at Rs 60,100 crore: Railways Minister
Time to think of national policy for Railways: Trivedi
Like Ganga and Himalayas, cannot imagine India without Railways: Trivedi
Glad to state I have tried to meet aspirations of people across the country: Trivedi
To applause, Railways Minister recites poetry to make his point!
We want to go for generational change focused on safety: Railways Minister
Railways needs Rs14 trillion over the next 10 years: Railway Minister
My budget focues on safety , consolidation, decongetstion and capacity augmentation, and modernisation.
Need to bring down operating ratio from 95% to 84.9% by 2012-13: Railway Minister
Railways should provide 2-2.5 % to GDP instead of current 1%: Trivedi
Choice before me was to keep system dragging, or create a new passenger and freight system
Total of 487 projects  can't be completed until supported by government
Pradhan Mantri Rail Vikas Yojana is under formulation, needs additional fund requried of RS 5 triliion
Geopolitical ramifications require matching response: Rail Minister
12th PLan for Railway Rs7.3 lakh crore investment suggested
ALso propose Railway R&D Authority: Rail Minister
propose indepndent Railway Safety Authority with statutory powers
High Speed Railway Safety Committee has recommended far-reaching changes
"Our target should be zero deaths; 60% deaths happen at unmanned level crossings"
Not satisfied with safety standards in India: Trivedi
Safety in India must be benchmarked against Europe, Japan: Trivedi
Grateful to Maa, Maati, Maanush, says TMC Rail Minister Trivedi
Trivedi forgets to mention Lalu Yadav among "illustrious" predecessors, corrected by MPs
Railways Minister Dinesh Trivedi starts to present his first budget

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