Edit this post- The Government will take extra care in security and safety of Indian Railways
- Set up railway research and development council for safety
- Stressing on modernization of Indian Railway
- Modernization of 19000 KM Tracks across India
- Focus on connecting Indian Railways to remote and backward area
- Development of rail in North East region and J &K
- Allotted 5 Lakh crore under Pradhan Mantri Rail Vikas Yojna
- The Railway minister projected requirement of 14 Lakh Cr in 10 years. Railway contribution to GDP is currently at 1% which is expected to increase to 2% to 2.5%.
- National policy of railways need to framed for better management of the Indian Railways.
- Investment of Rs 60100 Cr to be invested in Indian Railway in FY-13
- Rs 2000 Cr is allotted in building Railways Security Fund
- Rs 1 Lakh Cr allotted for 487 project in railway gauging
- The Government sees 12th five year plan expense on railway to be at 7.35 Lakh Cr
- Reduction of Delhi Kolkata Rajhdani from 17 to 14 hr
- 50,000 people to get employed in creating new station
- In next 5 years 100 station to be modernize through PPP model
- To set up Coach maintenance factory in Navi Mumbai
- Adding 1500 Coaches to Mumbai local train, capacity to be increased by 35%
- Separate corridor for Goods wagon
- To set up coach factory one each in Gujarat and Karnataka
- To set up one goods wagon factory in Odisha
- To set up 3 training center for disaster management
- Mumbai harbor line coaches to be increased from 9 to 12
- Special coaches for disable people
- Foreign companies will be invited for catering service contract in Indian Railway
- Housekeeping unit for cleanliness will be created
- 100 station to be developed on the model of airport
- 2500 toilets to be converted to bio-toilets till 2013
- 75 new express train and 21 new passenger train to be flagged
- 50 new train for Kolkata metro
- Indian railway station development council to be formed
- Dividend reduced from 6% to 5% in FY 12
- Annual Plan for Railways for 2012-13 put at highest ever at Rs 60,100 crore
- Target to bring down the operating ratio, which is at the moment 95 per cent, to 84.9 per cent in 2012-13 and to 74 per cent in terminal year of 12th five year plan
- Freight earnings seen at Rs 89,339 crore
- Wait listed passengers to get alternate train reservations
- Increase by 30% on expense and management of signaling device
- Increase in platform ticket price from Rs 3 to Rs 5.
Check out Railway Budget 2012 and how it has created a furore. Also check out how Railway Budget affects Indian stock market and its position in world.
