Highlights of interim Railway budget 2014-15

- No change in passenger fares and freight charges - 72 new trains to be introduced: These include 17 premium trains, 38 express trains, 10 passenger trains, 4 MEMU and 3 DEMU - Three trains will be extended and frequency of three other trains will be increased - Premium AC Special train in Delhi-Mumbai sector with shorter advance reservation period and dynamically varying premium over tatkal fare - Services on Udhampur-Katra(Jammu) section to start soon. It will take passengers to the foothills of Vaishno Devi shrine - Meghalaya and Arunachal Pradesh to be brought on railway map as part of extension of network in the Northeastern States -Annual Rail Plan/ Proposed outlay envisaged at Rs. 64,305 crore with a budgetary support of Rs. 30,223 crore - Railways meet from own resources total additional impact of Rs one lakh crore because of 6th Pay Commission - Independent Rail Tariff Authority set up to advise on fixing of fares and freight, to engage all stakeholders - Gross traffic receipts pegged at Rs.1,60,775 crore - Working expenses pegged at Rs.1,10,649 crore, which is Rs.13,589 crore higher than the revised estimates for the current fiscal - Freight earnings target set at Rs.94,000 crore. Loading target raised to 1,052 million tonnes - Dedicated Eastern and Western freight corridors - FDI being enabled to foster creation of world-class rail infrastructure; several PPP projects in pipeline - Rail infrastructure by cost sharing with governments of Karnataka, Jharkhand, Andhra Pradesh and Haryana - Rail Land Development Authority has raised Rs. 937 crore so far - Operating ratio likely to be 90.8 per cent; Railways will end current year with surplus - Electrification of 4,556 km railway line completed against a target of 4,500 km - Target of doubling gauge was also surpassed: 2,227 km was completed against a target of 2,000 km - 19 new lines to be taken up for survey in fiscal 2014-15 - Surveys for doubling five existing lines will also be taken up during the year - Three new factories -Rail Wheel Plant in district Chhapra, Bihar; Rail Coach Factory at Rae Bareli in Uttar Pradesh; and Diesel Component Factory at Dankuni, West Bengal, have become functional and commenced production during 2013-14

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