Straight Drive Posted July 8, 2014 Posted July 8, 2014 Railway Minister Sadananda Gowda starts with the Rail Budget today. Tremendous loss amounting to thousands of crores. Fare rises expected for passengers as well as freight operations. Thus far - Benefits for passengers: http://timesofindia.indiatimes.com/Narendra-Modi-swearing-in-ceremony/liveblog/37995596.cms Battery operated cars for senior citizens at railway stations Online reservation facility to be expanded to all cities by the end of this year pre cooked ready to eat food from reputed brands. Regional Cuisine can be ordered online using PC as well as smartphones which will be server onboard. Ready-to-eat meals from top brands. Separate house keeping to maintain cleanliness and hygeine at railway stations. CCTV's to be used for this purpose as well. Recruitment of more security staff for safety of passengers. WI-Fi facility at all A1 category stations and select trains Bullet trains on Mumbai-Ahmedabad route
Number Posted July 8, 2014 Posted July 8, 2014 40% increase in cleanliness budget. Platform tickets to be available online. UG Engineering and MBA students to have internship at Railways.
Straight Drive Posted July 8, 2014 Author Posted July 8, 2014 Opposition as expected have termed the railway as Lackluster budget. imo we can only judge after the stipulated period which has been considered by the government.
Straight Drive Posted July 8, 2014 Author Posted July 8, 2014 Pretty good budget. It does sounds impressive to me too on the objectives and plan aspects. At least we know how tremendous the loss has railways been in and why. Also out of 767 projects sanctioned only 317 completed, whereas 359 remain to be completed. I was wondering why just 100 crores are apportioned for for high speed trains. Should have been more if they plan to cover more cities. If they actually manage to implement their plan in next 5 years then it will be great. Promise as usual in each budget. As with every term, whether they fulfill or not is our concern.
diga Posted July 8, 2014 Posted July 8, 2014 It does sounds impressive to me too on the objectives and plan aspects. At least we know how tremendous the loss has railways been in and why. Also out of 767 projects sanctioned only 317 completed, whereas 359 remain to be completed. I was wondering why just 100 crores are apportioned for for high speed trains. Should have been more if they plan to cover more cities. If they actually manage to implement their plan in next 5 years then it will be great. Promise as usual in each budget. As with every term, whether they fulfill or not is our concern. probably the Modi govt likes concept of less is more .. less projects & effecient implementation
Straight Drive Posted July 8, 2014 Author Posted July 8, 2014 probably the Modi govt likes concept of less is more .. less projects & effecient implementation We can only hope that this government actually achieves what they have promised today. It also seems clear that FDI will be allowed to invest in the so called PPP mode. That happening we can probably see a better experience with Indian railways on the services aspect.
Crookbond Posted July 8, 2014 Posted July 8, 2014 It does sounds impressive to me too on the objectives and plan aspects. At least we know how tremendous the loss has railways been in and why. Also out of 767 projects sanctioned only 317 completed, whereas 359 remain to be completed. I was wondering why just 100 crores are apportioned for for high speed trains. Should have been more if they plan to cover more cities. If they actually manage to implement their plan in next 5 years then it will be great. Promise as usual in each budget. As with every term, whether they fulfill or not is our concern. Can you quantify this statement? Railways is a LOSS! The financial statements are up online for every year. I would like to know how much loss Railways make every day/year.
diga Posted July 8, 2014 Posted July 8, 2014 full text of railway budget in the link : http://t.co/xa9dxYjsfz
Straight Drive Posted July 8, 2014 Author Posted July 8, 2014 Can you quantify this statement? Railways is a LOSS! The financial statements are up online for every year. I would like to know how much loss Railways make every day/year. http://news.oneindia.in/feature/railway-budget-2014-fiscal-stability-infrastructure-develo-1478633.html The Indian railway system, which is the third largest rail network in the world is currently facing a loss of nearly Rs 900 crore per month and needs immediate attention. http://www.ndtv.com/article/india/rail-budget-2013-railways-may-suffer-rs-24-600-crore-loss-in-2012-13-335563 The Indian Railways is likely to suffer a loss of Rs.24,600 crore in fiscal year ending March 31 as compared to Rs.22,500 crore in the previous fiscal, Railways Minister Pawan Kumar Bansal said on Tuesday. Also iirc , the loss stood at around 24000 crores for he previous financial year. That is too huge a loss.
Crookbond Posted July 8, 2014 Posted July 8, 2014 http://news.oneindia.in/feature/railway-budget-2014-fiscal-stability-infrastructure-develo-1478633.html The Indian railway system, which is the third largest rail network in the world is currently facing a loss of nearly Rs 900 crore per month and needs immediate attention. http://www.ndtv.com/article/india/rail-budget-2013-railways-may-suffer-rs-24-600-crore-loss-in-2012-13-335563 The Indian Railways is likely to suffer a loss of Rs.24,600 crore in fiscal year ending March 31 as compared to Rs.22,500 crore in the previous fiscal, Railways Minister Pawan Kumar Bansal said on Tuesday. Also iirc , the loss stood at around 24000 crores for he previous financial year. That is too huge a loss. Lets not post statements, opinions, media bytes etc. There's a reason I mentioned the financial statement in the previous post and NOT news articles. From today's budget Revenue: 164374cr Expenditure : 149176cr Indian Railways is in the green, not red.
Straight Drive Posted July 8, 2014 Author Posted July 8, 2014 Lets not post statements, opinions, media bytes etc. There's a reason I mentioned the financial statement in the previous post and NOT news articles. From today's budget Revenue: 164374cr Expenditure : 149176cr Indian Railways is in the green, not red. Can you please provide link to financial statement which shows Indian railways is in profit.
111sourab Posted July 8, 2014 Posted July 8, 2014 Opposition MPs protesting against Railway minister he should be sued for this....educated barbarian
Number Posted July 8, 2014 Posted July 8, 2014 Opposition MPs protesting against Railway minister He is not an MP. He is Mukesh Sharma, was an MLA in Sheila Dixit time. Watch him in some of the live TV debates. Totally retarded. :cantstop: Btw, thats progressive, liberal, tolerant Nehruvian way of protest. :--D
Crookbond Posted July 8, 2014 Posted July 8, 2014 Can you please provide link to financial statement which shows Indian railways is in profit. You made the claim it was in loss and suggested some measures for this "loss". I am merely asking to you to quantify that the railways are making a loss. If you followed the Rail Budget today, Gowda clearly mentioned that railways was in a surplus.
urbestfriend Posted July 8, 2014 Posted July 8, 2014 Lets not post statements, opinions, media bytes etc. There's a reason I mentioned the financial statement in the previous post and NOT news articles. From today's budget Revenue: 164374cr Expenditure : 149176cr Indian Railways is in the green, not red. This is budget estimate for the year 2014-15.
Crookbond Posted July 8, 2014 Posted July 8, 2014 He is not an MP. He is Mukesh Sharma, was an MLA in Sheila Dixit time. Watch him in some of the live TV debates. Totally retarded. :cantstop: Btw, thats progressive, liberal, tolerant Nehruvian way of protest. :--D Vijay Jolly would be proud.
urbestfriend Posted July 8, 2014 Posted July 8, 2014 You made the claim it was in loss and suggested some measures for this "loss". I am merely asking to you to quantify that the railways are making a loss. If you followed the Rail Budget today' date= Gowda clearly mentioned that railways was in a surplus. I dont think he said that!
urbestfriend Posted July 8, 2014 Posted July 8, 2014 4 While prudent efforts should have been made to address this gap, the tariff policy adopted lacked rational approach . Passenger fares were kept lo wer than costs, thus causing loss in the passenger train operations. This loss kept on increasing from 10 paise per passenger kilometer in 2000-01 to 23 paise in 2012-13, as the passenger fares were kept low always. There has been focus on sanctioning projects rather than completing them. In the last 30 years, as many as 676 projects were sanctioned worth Rs. 1,57,883 crore. Of these, only 317 projects could be completed and 359 projects remain to be completed which will now require as much as Rs. 1,82,000 crore. In the last 10 years, 99 New Line projects worth Rs. 60,000 crore were sanctioned out of which only one project is complete till date. In fact, there are 4 projects that are as old as 30 years, but are still not complete for one reason or another. The more projects we add, the thinner we spread our resources and longer it takes to complete them. If this trend is allowed to continue, many more thousands of crore will get spent yielding hardly any returns, the Minister said
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