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17 new premium trains, 38 express trains and 10 passenger trains to be launched
Passenger fares and freight rates were left untouched on Wednesday in the interim rail budget, which talks about plans about involvement of private sector and FDI as part of efforts to modernise the largest transport network in the country.
Presenting the interim budget for four months in the Lok Sabha, Railway Minister Mallikarjun Kharge said an independent Rail Tariff Authority is being set up to rationalise fares and there was a proposal to expand dynamic pricing of tickets in line with the airline industry.
He announced the launch of 17 new premium trains, 39 express trains and ten passenger trains in the coming year and providing rail connectivity to Katra and Vaishnodevi in Jammu and Kashmir, and Meghalaya and Arunachal Pradesh in the Northeast.
Mr. Kharge’s budget speech was cut short because of continued slogan-shouting and unruly behaviour by MPs from Andhra Pradesh, with even four Ministers trooping into the Well over the Telangana issue.
The Minister also announced starting of more high-speed trains and said the Ministry was exploring low-cost option of semi high-speed trains on select routes moving at 160-200 km per hour.
The budget speech did not touch upon passenger fares or freight rates. Kharge later said no hike has been proposed.
Annual Rail Plan has been pegged at Rs 64,305 crore with a budgetary support of Rs 30,223 crore.
Following are the highlights of the Interim Railway Budget 2014-15, the last of rail budget of UPA-II:
Passenger fares, freight rates untouched in rail budget - The Hindu
Passenger fares and freight rates were left untouched on Wednesday in the interim rail budget, which talks about plans about involvement of private sector and FDI as part of efforts to modernise the largest transport network in the country.
Presenting the interim budget for four months in the Lok Sabha, Railway Minister Mallikarjun Kharge said an independent Rail Tariff Authority is being set up to rationalise fares and there was a proposal to expand dynamic pricing of tickets in line with the airline industry.
He announced the launch of 17 new premium trains, 39 express trains and ten passenger trains in the coming year and providing rail connectivity to Katra and Vaishnodevi in Jammu and Kashmir, and Meghalaya and Arunachal Pradesh in the Northeast.
Mr. Kharge’s budget speech was cut short because of continued slogan-shouting and unruly behaviour by MPs from Andhra Pradesh, with even four Ministers trooping into the Well over the Telangana issue.
The Minister also announced starting of more high-speed trains and said the Ministry was exploring low-cost option of semi high-speed trains on select routes moving at 160-200 km per hour.
The budget speech did not touch upon passenger fares or freight rates. Kharge later said no hike has been proposed.
Annual Rail Plan has been pegged at Rs 64,305 crore with a budgetary support of Rs 30,223 crore.
Following are the highlights of the Interim Railway Budget 2014-15, the last of rail budget of UPA-II:
- Proposal for passenger train up to Katra in Jammu
- Dedicated Eastern and Western freight corridors
- Railway service to be extended for the benefit of Vaishnodevi pilgrims
- Meghalaya set to come on rail map as part of extension of network in the Northeastern States
- Premium AC Special train in Delhi-Mumbai sector with shorter advance reservation period and dynamically varying premium over tatkal fare
- 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
- 17 new premium trains, 38 express trains and 10 passenger trains to be launched
- Annual Rail Plan envisaged at Rs. 64,305 crore with a budgetary support of Rs. 30,223 crore
- 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
Passenger fares, freight rates untouched in rail budget - The Hindu
