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For Highlights of Indian Budget 2006-07 .... Click here
HIGHLIGHTS OF RAILWAY BUDGET 2006-07
2005-06 : Review of Performance and Revised Estimates
Record breaking performance in the first nine months of the year 2005-06.
Growth in freight loading and revenues is 10% and over 18% respectively.
Loading target increased from 635 mt to 668 mt and freight revenue target increased from Rs. 33,480 cr to Rs. 36,490 cr.
Tenth Plan targets of 624 mt and 396 billion tonne kilometers to be surpassed one year in advance.
Passenger Earnings, Other Coaching Earnings & Sundry Other Earnings increased by 7%, 19% and 56% respectively over previous year.
Gross Traffic Revenues expected to be Rs. 54,600 cr and are 16% higher than the previous year.
Ordinary Working Expenses to increase by Rs. 1,200 cr.
Likely operating ratio 86.6 %; with changes in accounting practice relating to lease charges, the operating ratio will be 83.7%.
Likely end year fund balance Rs. 11,280 cr.
2006-07: Major Technological up-gradations planned
New high capacity wagons being designed and manufacture of aluminum and stainless wagons planned in 2006-07.
Payload to tare weight ratio to improve to better than 3:1, and thereafter to around 4:1
Transfer of technology to be encouraged and use of IT to be expanded.
Public Partnership & Public-Private Partnership to get a major thrust.
Eligible rail projects will also be awarded through open bidding.
Opening up of container segment well received, 14 applicants deposit Rs. 540 cr as registration fee.
Permission to run private container trains to be given before 31st March 2006.
Inauguration of double stack container train in March 06.
Development of strong wagon leasing market through suitable policy initiatives.
Measures to improve Freight Business
Reduction in unit cost of freight traffic due to increase in loading capacity of wagons and some other measures.
Additional loading of 4 to 8 tonnes per wagon adds 100 mt to loading capacity with resultant revenue generation of Rs. 5000 cr.
25 tonne axle load trains to run on two routes for the first time in the Indian sub-continent as a pilot project.
Validity of brake power certificate for CC rakes increased from 6000 to 7500 km.
Preferential Traffic Schedule modified and freight booked for distances beyond 800 kms will be given priority within the class.
Wagon manufacture to increase by about 25%.
Production of electric locomotives to increase by 17% and diesel locomotives by 5%.
Reduction of Losses in Passenger Business
“Increase volumes- reduce unit costs” strategy to be adopted in the passenger business also.
Cut down losses in the coaching services by about Rs. 1000 cr in the coming year and by 50% in the next three years by increasing the number of coaches and occupancy of trains, reducing travel time and reducing losses in the catering and parcel segments.
All-India timetable to be re-worked de-novo, by using computerized simulation techniques.
Over 200 mail/express trains to be made superfast.
Journey time of a majority of the Shatabdis, Rajdhanis and of certain Mail/Express trains likely to reduce.
The number of coaches in about 190 popular passenger carrying trains to be increased up to 23-24 coaches enabling Railways to earn Rs. 200 cr additionally every year.
Platform lengths at 200 stations to be increased at a cost of Rs. 60 cr.
Upgradation of lower class passengers to higher class without any additional payment introduced on all Rajdhanis and mail/express trains.
Reduction in losses in Parcel and Catering Business
Policy of leasing out pantry cars and catering units at large stations through open bids to continue.
Capacity utilization of parcel business to be improved.
Leasing policy of brake and parcel vans liberalized.
Open tenders to be be invited, graded reduction of reserve price where response inadequate.
Parcels can be loaded and unloaded at all stations where the halt is 5 minutes or more and the leaseholders can themselves prepare the loading manifest.
Assistant Guards’ cabins could also be leased out to the lease holders of brake van and parcel van, apart from the courier companies.
150 kg ceiling for booking luggage in the brake vans removed.
Luggage portion of brake vans of ordinary passenger trains to be converted to second-class compartments.
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