Rail Budget 2014 Highlights

Rail Budget 2014-15 Highlights Live on 8th July 2014: Bhartiya Janata Party (BJP) Prime Minister Narendra Modi and D.V. Sadananda Gowda, the Hon. Minister for Railways presents First Railway budget under New Government today, 8th July 2014 from 12:00 PM onwards. Railways proposes to introduce 58 new trans which includes five Jansadharan Trains, five Premium Trains, six AC Express Trains, 27 Express Trains, eight Passenger Trains, two MEMU services and five DEMU services this year.

Rail Budget 2014-15 Highlights Live:

Rail Budget 2014-15 Highlights English (PDF Format)
 

Rail Budget 2014-15 Highlights Hindi (PDF Format) 
 
12:07:  Rail Budget 2014-15 presentation begins as question hours end in Lok Sabha.
12:09: Shri D.V. Sadananda Gowda, the Hon. Minister for Railways begins budget speech with lines from Chanakya.
Railway plays a crucial role in Social life and more than 13 Lakh employees.
- 96 paisa is expenditure in each Rs 1 earn. It is surprising that even after monopoly railway fail to perform.
Railway need 5 Lakh Crore for next 10 years, 359 projects are pending.
Neither social nor economic goals are achieved fully.
9 Lakh Crore needed for Diamond quadrilateral project of railway
- Bullet train is costly each train requires 60000 Crore, two solution are Investment by PSU Companies otherwise private companies which may be FDI.
- FDI in railway for various projects only but not for operations.
-  Railway FY2013-14 Results: Rs. 3783 Crore profit with total 1.49 Lakh Crore earning.
- Railway passenger is expected to rise by 2%.
- Following are facilities through PPP in coming days: Foot over-bridge,  water, facilities to senior citizen and battery cars on platforms.
- Online booking for railway waiting room or retirement rooms on major stations.
- Food courts in major railway station and packed branded food in railway.
- Cleaning is major challenge for railway station and it will be outsourced to Pvt. companies which is specialized in cleaning and monitored via CCTV and third party inspection.
- Rs.1785 Crore for Road Under-bridge and over bridge.
- 21000 RPF Constable recruitment for Railway security purpose which includes 4000 Women RPF Constables recruitment in Railway for year 2014-15.
- Special trains for Tourism and religious circuits across India.
- Special scheme for railway employees and scholarships to children.
-  Indian railway to start bullet train between Mumbai- Ahmadabad.
- RO Water in trains in coming days.
- High speed trains in 9 routes between metro cities with speed of 200 km/hr.
- Special train on teachings of Swami Vivekananda
- Receipts in 2014-15 estimated at Rs.164,374 crore, expenditure at Rs.149,176 crore
- Fare revision will bring in Rs.8,000 crore; need another Rs.9,000 crore for golden quadrilateral project
- Backbone of supply chain of defence establishment
- Carry one billion tonnes of freight every year
- Decline in traffic growth in 2013-14
- Would require Rs.5 lakh crores in 10 years for modernisation
- Receipts in 2013-14 were Rs.139,550 crore; expenditure was Rs.130,321 crore
- New trains: 5 Jansadharan, 5 Premium and 6 AC, 27 Express Trains, 8 Passenger, 5 DEMU and 2 MEMU services; 11 train extensions.
- 27 express trains to be introduced, 5 new Jansadharan trains to be introduced: Sadananda Gowda.
- 29 rail projects in Andhra Pradesh and Telangana with Rs 20,680 crores will be completed: Sadananda Gowda.
- Will provide summer internships to undergraduate students from engineering background: Sadananda Gowda.