Railway Electrification 2001-2002,Highlights of Railway Budget 2001-02,Electrification of Railways 01-02

Rail Budget 2001-2001 Highlights

PART - I

RAILWAY ELECTRIFICATION

Target kept at 425 km. Sections planned to be completed in current year:-

i. Sirhind- Nangaldam-Una

ii. Ranaghat-Gede

iii. Ranaghat-Bongaon

Important routes to be completed in the next year are:-

i. East Coast line from Visakhapatnam to Kharagpur. With this, the entire Calcutta-Chennai route will stand electrified.

ii. Main line of Eastern Railway, (Sitarampur-Mughalsarai) providing alternative electrified route on Asansol-Mughalsarai section.

iii. Udhna-Jalgaon section linking two important electrified main trunk routes of Delhi-Mumbai via. Western and Central Railways will be electrified.

iii. STAFF AMENITIES

Outlay enhanced by 45% over RE

Novel scheme called "Own your Own House" being devised

SPORTS

Railway sportspersons performance at the National and the International level creditable - 3 Gold and 6 Silver medals won in individual events by Athletes in Asian Track and Field Athletic Meet held at Jakarta in August, 2000

One gold and one silver in team events

Recruitment policy for sportspersons liberalised

Separate sports cadre at gazetted level to be formed

Allocation for Railways Sports Promotion Board increased by 36% to Rs. 3 cr

REFORMS AND RESTRUCTURING

Indian Railways not to be privatised

Interim Executive Summary submitted by Railway Expert Group under examination

An Advisory Committee under the Chairmanship of Shri Sam Pitroda for suggesting ways and means of initiating comprehensive modernisation of Indian Railways with the application of appropriate technologies set up

Committee to suggest areas for resource mobilisation in various facets of railway functioning.

INTERNATIONAL CO-OPERATION

Rail link between Petrapole in India and Benapole in Bangladesh recently restored and opened for goods traffic - to pave way for running of passenger services also.

HIGHLIGHTS OF RAILWAY BUDGET - 2001-02

PART - II

BUDGET ESTIMATES 2001-02

Freight traffic target fixed at 500 million tonnes

Growth in Passenger Traffic - 9%

Other Coaching to grow by 8.8%

Sundry Other Earnings from traditional sources to increase by 5.4%

Target for non-traditional sources of earnings kept at Rs 1,000 cr - Rs 700 cr by way of leasing of 'right of way' of optic fibre cables, Rs 200 cr from commercial exploitation of land and Rs 100 cr through commercial publicity.

Target of clearance of outstanding dues kept at Rs 750 cr - Rs 500 cr targeted for clearance by BTPS.

Gross Traffic Receipts estimated at Rs 39,439 cr

Ordinary Working Expenses estimated at Rs 30,190 cr - increase of 8.53% over Revised Estimates

Pensionary liability estimated at Rs 5,800 cr - up by Rs 633 cr from 2000-01

Appropriation to DRF - Rs 2,704 cr

Total Working Expenses estimated at Rs 38,684 cr.

Net Traffic Receipt at Rs 755 cr.

Net Miscellaneous Receipt at Rs 928 cr including Rs 300 cr to be received from General Revenues for Railway safety works.

Net Railway Revenue projected at Rs 1,683 cr.

Dividend to General Revenues estimated at Rs 2,352 cr. In view of shortfall in internal resources, Rs 1,000 cr transferred to Deferred Dividend Liability Account and Rs 1,352 cr proposed to be paid to General Revenues.

'Excess' of receipts over expenditure works out to Rs 331 cr - falls short of Plan requirement of internal resources by Rs 500 cr

Rs 500 cr to be mobilised additionally through revision of freight rates - a small part to come through levy of 'Congested Route' surcharge

PROPOSALS REGARDING FREIGHT RATES

No increase in the freight rates for essential commodities like Sugar, Edible salt, Grains and pulses, Edible oils, Kerosene, Fruits and vegetables, LPG

Household budget not to be upset

2% increase in freight rates for coal (not meant for household consumption) and iron & steel (Division A, B, and C)

Furnace oil increase only 1%

A nominal increase of 3% in rates of all commodities except those mentioned above.

Urea exempted from increase.

No increase in rates of Parcel and Luggage

Newspaper, magazine and medicine to be exempted.

Proposals for adjustment in tariff for Freight estimated to generate Rs 500 cr per annum.

Changes in rates and classifications to be effective from 1^st April 2001.

CONCESSIONS

Concessional MST for people below poverty line to continue

Concessions available to orthopaedically handicapped and paraplegic persons to be extended to visually handicapped and to mentally handicapped

Despite no increase in passenger fares, the earnings from passenger traffic poised to exceed budgeted level - 10% growth registered till December, 2000

No proposal to increase the passenger fares of any class or category of trains.

Highlights

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