Rail Budget 2016, as it happened: Unreserved passengers to get Antodaya Express

Feb, 25 2016 IST

  • 13:21 (IST)

    House to resume at 2.15 pm

  • 13:12 (IST)

    Budget speech ends. House adjourned.

  • 13:11 (IST)

    Jai Mrug says: Proposes HR and organizational restructuring. These are revolutionary, not done before. Multi modal logistics key to the future, clearly targeting larger freight revenues. Employee and startup promotion, a very innovative idea. It is aimed at recharging the Railways from within. Proposes to increase the axle load. Prabhu taking leaf out of  Laloo's strategy to increase revenues. 

     

  • 13:10 (IST)

    Gangmen to be provided with 'Rakshaks' , a wireless equipment to warn them of approaching trains. The loco cabins in trains will be air conditioned and equipped with toilets, says Prabhu.

  • 13:07 (IST)

  • 13:07 (IST)

    Antodaya Express

    For unreserved passengers railways introduce Antodaya Express. Fully unreserved train for common man to be operated on dense routes, says Prabhu.

     

  • 13:03 (IST)


    Jai Mrug says: Fully unreserved super fast, a gimmick similar to the years of UPA.Cleaning of coach on demand to be introduced; Disabled enabled toilet in 11 Class-A stations this year. Monetizing customer databases, an innovative measure , but not great for a public sector player. Four-time jump proposed in advertising revenue. Very ambitious. Another innovative proposal: monitoring of project progress through drones.
     

  • 12:59 (IST)

    More comfort for senior citizens


    Children menu to be introduced on pilot basis on trains. Cleaning of coach on demand to be introduced. Disabled enabled toilet in 11 Class-A stations this year. Railways to increase lower berth quota for senior citizens by 50 percent, says Prabhu.

  • 12:56 (IST)

    High speed-bullet train

    SPV for the high-speed bullet train to be registered this month. Bullet train between Ahmedabad and Mumbai. two elevated rail corridor planned in  Mumbai. One churgate to virar and the other from CST to Panvel North-South, East-West dedicated freight corridor proposed in Railway Budget for 2016-17. Three direct services - fully air-conditioned Humsafer to travel at 130-km per hour. Overnight double-decker train Uday Express to be introduced on busiest routes, carrying capacity to be 40 percent more. 33 percent  reservation to women in reserved quota in Railways will be introduced. Staggering of office timing will be a very innovative measure, to reduce peak traffic. Expanding freight basket the key to financial revival, says Prabhu.

  • 12:54 (IST)

    124 MPs have committed to contribute from MPLADS for passenger amenities. 400 railway stations to be equipped with wi-fi, 100 this year, says Prabhu. 

  • 12:54 (IST)

    124 MPs have committed to contribute from MPLADS for passenger amenities. 400 railway stations to be equipped with wi-fi, 100 this year, says Prabhu. 

  • 12:53 (IST)

     

    Jai Mrug says: Fully unreserved super fast, a gimmick similar to the years of UPA.

  • 12:52 (IST)

    Prabhu rushing through the pages at the pace of a Duronto. Looks like he has catch one later today. 

  • 12:49 (IST)

    Coolies no more, Sahayaks from now

  • 12:48 (IST)


    We will introduce bar-coded tickets. e-booking on concession passes for journalists to be introduced. IRTC will begin to manage catering in a phased manner, local cuisine of choice will be made available, says Prabhu.

  • 12:45 (IST)

    Jai Mrug says: Excellent cost management strategy, especially for energy. Inventory reduction, through tracking system, phenomenal.

     

  • 12:43 (IST)

    Loss in passenger fares

    Rs 30,000 crore is the loss on subsidising passenger fares. Energy savings a creative thrust of cost savings, says minister.

  • 12:41 (IST)

    For the first time in Indian Railways absolute rediuctions is planned, says the minister,

  • 12:40 (IST)

    Jai Mrug says: Alluding to Mahamana Express actually means that most trains will have upgraded coaches and higher fares. A new credible thrust to PPP, This proposal is unlike lip service in the past. 

  • 12:39 (IST)

    We have ramped up capital expenditure to remove the huge backlog and provide for future needs; rate of capital expenditure has increased, says Prabhu.

  • 12:39 (IST)

    The minister announces Deen Dayalu coaches for beter services

  • 12:38 (IST)

  • 12:37 (IST)

    Generating employment

    Indian Railways will generate employment of 9 crore man-days in 2017-18 and 14 crore man days in 2018-19, says Prabhu.

  • 12:35 (IST)

    Make in India

    Financial bids for 2 loco factories have been put under Make in India, says the minister.  

     

  • 12:33 (IST)

    Jai Mrug says: Railways joint ventures with states is actually the way out of the financial crunch for investments.

  • 12:32 (IST)

    Corporate-like HR measures


    Corporate-like HR measures, like  KRA (Key Result Areas) have been put in place. Dedicated IVRS for feedback from customers, more than 1 lakh telephone calls made to customers. Passenger centricity and CRM (Customer Relationship Management) processes now in place. Operational Efficiency is the key, says Prabhu.

  • 12:31 (IST)

  • 12:30 (IST)

    Jai Mrug says: A boost for PM Modi's Make in India as minister proposes better trains and therefore technology in the country through rolling stock production. E-governance led to transparency. Decentralization of power for speed in governance. 

     

  • 12:29 (IST)

    Pension expenditure for FY17 is high at Rs 45,000 crore

  • 12:28 (IST)

  • 12:28 (IST)

  • 12:27 (IST)

    Railways with passengers

    Today there is no barrier between the common people and the Railways, says Prabhu.

  • 12:27 (IST)

    "The railways is likely to get Rs 40,000 crore as budgetary support from the Central government," says Prabhu.  

  • 12:26 (IST)

    Jai Mrug says: "Rs 1.85 lakh cr gross traffic receitps targetted at in FY17; 1,600 km highest ever electrification achieved this year. It will not only save costs but increase capacity vastly. Plan outlay increased to Rs 1.21 lakh in FY17 from Rs 1 lakh in FY16. Increased port connectivity will greatly accelerate Manufacturing Supply Chains."

  • 12:26 (IST)

    Modernization funds

    "The railways is sekking to spent Rs 8.5 lakh crore for its modernization programme in five years," says Prabhu.

  • 12:25 (IST)

    Capital expenditure

    Rs 1. 20 lakh crore is the amount railyways is likely to commit for capital expendiuture this year, says Prabhu.

  • 12:23 (IST)

    From completion to commission

    "We have changed our focus from completion which is just on paper to commission," says Prabhu. 

     

  • 12:23 (IST)

    Jai Mrug says: "Several old promises canned again, faster freight trains, punctuality, zero discharge. Great leap forward, bankable railway projects identified. 2,500 km of rail line commissioning amongst the best ever."

  • 12:23 (IST)

    Jai Mrug says: "Several old promises canned again, faster freight trains, punctuality, zero discharge. Great leap forward, bankable railway projects identified. 2,500 km of rail line commissioning amongst the best ever."

  • 12:23 (IST)

    Jai Mrug says: "Several old promises canned again, faster freight trains, punctuality, zero discharge. Great leap forward, bankable railway projects identified. 2,500 km of rail line commissioning amongst the best ever."

  • 12:23 (IST)

    Jai Mrug says: "Several old promises canned again, faster freight trains, punctuality, zero discharge. Great leap forward, bankable railway projects identified. 2,500 km of rail line commissioning amongst the best ever."

  • 12:22 (IST)

    Higher savings

    Expect saving of Rs 8,720 cr in the curent fiscal, says Prabhu.

  • 12:21 (IST)

    Capital plan outlay almost double of what it was two years ago. It is a leap forward, says Jai Mrug
     

  • 12:20 (IST)

    Expert Jai Mrug says: Excellent Operating Ratio given the glut in traffic

     

  • 12:19 (IST)

    Seeking international bonds

    The railways will be scouting for international bonds and other sources for funding, says Prabhu.

  • 12:18 (IST)

    Co-operation, collaboration and communication, are the hallmarks of Indian Railways's journey forward, says Prabhu.

  • 12:16 (IST)

  • 12:15 (IST)

    New mantra for Railways

    The minister unveils 3 pillars of strategy for the Indian Railways:

    1. New revenue (Tangible and non-mtangible)
    2. New norms
    3. New stucture (New collaboration and creativity)

  • 12:13 (IST)

    "This budget will document the journey of a nation, says Prabhu. Highly challenging times due to the 7th Pay Commission," says Prabhu.

  • 12:12 (IST)

New Delhi: Railway Minister Suresh Prabhu is ready to deliver his second Budeget speech in less than an hour from now. The minister on Wednesday said that the rail budget will cater to the needs of all "satisfactorily" as a lot of effort has gone into its preparation.

Union Railway Minister Suresh Prabhu. AFP

Union Railway Minister Suresh Prabhu. AFP

"The Rail Budget we have prepared is in the interest of the nation and railways," said Prabhu, who will present his second Rail Budget on Thursday in Parliament after assuming charge of the ministry.

"We have tried to meet the needs of all satisfactorily. A lot of effort has gone into making the budget. We have taken the ground reality into consideration before finalising it," he said.

Efforts are on to generate revenue for railways through non-tariff sources like advertising, commercialisation of surplus land, official sources said, adding that a separate directorate is being planned for this purpose.

"Diesel price is on the decline. Passenger bookings and goods loadings are also on downslide. So at this moment hiking freight rate and passenger fares will affect the Railways adversely," sources in railways said, adding "fare hike can be effected anytime after budget also, if required and it is not necessary that it has to be done only in the budget."

Besides, Prabhu will also have to take call on whether to impose safety cess for strengthening safety measures to
prevent accidents.

However, railways have already decided to run as many special trains on higher fares in popular routes catering to
the growing demand during festive season, an indirect way of hiking fares.The cross-subsidy from freight to passenger operation has crossed Rs 30,000 cr this year while the Seventh Pay Commission burden is about Rs 32,000 crore.

Railways have earned Rs 136,079.26 crore as against the target of Rs 141,416.05 crore during April-January period, a decline of 3.77 percent.

Railways had effected a 14 percent across-the-board hike in passenger fares in 2014 during the NDA regime and a 10 percent increase last year. However, despite the grim economic condition, the Railway Budget is expected to focus on massive capacity creation in the rail sector with an increased plan outlay of about Rs 1.25 lakh crore.

With PTI input