Salient Features of Rail Budget: 2012

Salient Features of Rail Budget 2012 are as appended below:

• 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.