Union Railway Minister Mr. Dinesh Trivedi presents the Railway Budget 2012-13 on 14th March 2012. The Railway Budget 2012-13 is likely to feature proposals for improving passenger amenities, including catering service at stations and trains. Below are the few rail budget highlights of Railway Budget 2012:
- Express train fares rise by 3 paise/km; AC 2 class fare rises by 15 paise/km.
- Fare hike: Rs 12 hike on more than 300km travel, 2-30 paise/km, 2 paise per/km on 2nd class fares, platform tickets to cost Rs 5. Minimum fare and platform tickets to cost Rs 5.
- 5 paise/km increase in sleeper class fares, 30 paise/km for 1st AC class, 10 paise/km for AC class.
- Aim to bring down operating ratio from 90 percent to 84.9 percent in 2012-13 and to 72 percent by 2016-17.
- Railways should contribute 2 % of GDP from the present 1 %
- Stress on strengthening safety. Has to be bebenchmarked with the best in the world.
- Target of reducing accidents from 0.55 to 0.17 has been met.
- Special purpose vehicle to be set up on safety protocols.
- Independent railway safety authority to be set up as statutory safety body.
- Investment of Rs.5.60 lakh crore required for modernisation.
- Railways to invest Rs.7.35 lakh crore during 12th Five Year Plan period (2012-17), a quantum jump from the Rs.1.92 lakh crore invested in previous plan period.
- The Rail Budget 2012-13 could lay an action plan for resource generation and increase thrust on PPP projects for capacity augmentation.
- Development of major stations to create 50,000 jobs.
- New lines to be laid in under-developed parts.
- Plan to enhance GPS use in railways.
- To complete over 45 new lines in FY13, stretching over 700 kms.
- Delhi-Kolkata travel time to be brought down to 14 hours from 17 hours.
The Indian Railways run the third largest railroad network in the world. The railways are one of the most important infrastructure. Without the development of Indian Railways, India’s GDP never developed…
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