Indian Railway Budget 2012-2013 - March 14, 2012

HIGHLIGHTS OF THE RAILWAY BUDGET 2012-13

Tariff Proposals

Setting up of Railway Tariff Regulatory Authority to be considered;

Passenger fares increased by 2 paise per km for suburban and ordinary second class; 3 paise per km for mail/express second class; 5 paise per km for sleeper class; 10 paise per km for AC Chair Car, AC 3 tier and First Class; 15 paise per km for AC 2 tier and 30 paise per km for AC I.

Fares to be rounded off to the next nearest five rupees.

Minimum fare and platform tickets to cost Rs5.

Fuel Adjustment Component (FAC) in fares contemplated.


Concessions

Value of concession granted to travelers is more than Rs800 cr per year. 50% concession in fare in AC-2, AC-3, Chair Car & Sleeper classes to patients suffering from ‘Aplastic Anaemia’ and ‘Sickle Cell Anaemia’.

Extending the facility of travel by Rajdhani and Shatabdi trains to Arjuna Awardees.

Travel distance under ‘Izzat Scheme’ to increase from 100 kms to 150 kms.

Suburban Services

75 additional services to run in Mumbai suburban.

18 additional services to be run in Chennai area.

44 new suburban services to be introduced in Kolkata area.

50 new services to be introduced in Kolkata Metro in 2012-13.

Trains

75 new Express trains to be introduced.

21 new passenger services, 9 DEMU services and 8 MEMU services to be introduced.

Run of 39 trains to be extended.

Frequency of 23 trains to be increased.





Focus and Long Term Goals 1. Safety; 2. Consolidation; 3. Decongestion & Capacity Augmentation; 4. Modernisation; 5. Improve Operating Ratio from 95% to 74% in terminal year of 12th Five Year Plan.

Measures proposed

Setting up of a Railway Safety Authority as a statutory regulatory body as recommended by Kakodkar Committee;

Creating Missions as recommended by Pitroda Committee to implement the modernization programme

Aligning the Annual Plan investment with five focus areas identified by Kakodkar and Pitroda Committees i.e. (a) Track (b) Bridges (c) Signalling & Telecommunication (d) Rolling Stock and (e) Stations & Freight Terminals.

New Board Member (Safety/Research) to be inducted.\

Rail-Road Grade Separation Corporation to be set up to eliminate level crossings.

Plan allocation to priority works so as to reap benefits after completion in a time bound manner

Three ‘Safety Villages’ to be set up at Bengaluru, Kharagpur and Lucknow for skill development for disaster management;

Resource Mobilization

Indian Railway Station Development Corporation to be set up to redevelop stations through PPP mode;

Logistics Corporation to be set up for development & management of existing railway goods sheds and multi-modal logistics parks.

Private investment schemes for Wagon leasing, Sidings, Private Freight Terminals, Container train operations, Rail connectivity projects (R3i and R2C-i) being made more attractive to PPP partners.

New Board Member (PPP/Marketing) to be inducted

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