BUDGET 2017 for RAILWAY

BUDGET 2017 for RAILWAY

On 01.02.2017 our Finance Minster Shri. Arun Jailtly presented the union Budget for the year 2017. This will also be the first time that the Railway Budget will not be presented separately and will be a part of the Union budget presented by Arun Jaitley. Railway got what, let's us check.
Budget 2017  for Railway
Railway : Budget 2017 

  1. Railways, roads and rivers are the lifeline of our country. 
  2. Synergise the investments in railways, roads, waterways and civil aviation. For 2017-18, the total capital and development expenditure of Railways has been pegged at Rs. 1,31,000 crores. This includes Rs. 55,000 crores provided by the Government.
  3. Among other things, the Railways will focus on four major areas, namely (i) Passenger Safety , (ii) Capital and development works , (iii) Cleanliness , (iv) Finance and accounting reforms. 
  4. A Rashtriya Rail Sanraksha Kosh will be created with a corpus of Rs. 1 lakh crores over a period of 5 years. Besides seed capital from the Government, the Railways will arrange the balance resources from their own revenues and other sources. 
  5. Unmanned level crossing on Broad Gauge lines will be eliminated by 2020. 
  6. Expert international assistance will be harnessed to improve safety preparedness and maintenance practices. 
  7. Next 3 years, the throughput is proposed to be enhanced by 10%.
  8. Through modernisation and upgradation of identified corridors. 
  9. Railway lines of 3,500 kms will be commissioned in 2017-18, as against 2,800 kms in 2016-17. 
  10. Launch dedicated trains for tourism and pilgrimage. 
  11. Joint ventures with 9 State Governments. 70 projects have been identified for construction and development. 
  12. Station redevelopment. 25 stations are expected to be awarded during 2017-18 for station redevelopment. 
  13. 500 stations will be made differently abled friendly by providing lifts and escalators. 
  14. Feed about 7,000 stations with solar power in the medium term. A beginning has already been made in 300 stations 
  15. Works will be taken up for 2000 Railway Stations as part of 1000 MW Solar mission.
  16. Our focus is on Swachh Rail, proposed to introduce "Coach Mitra" facility, a single window interface, to register all coach related complaints and requirements.
  17. By 2019, all coaches of Indian Railways will be fitted with bio-toilets.
  18. Pilot plants for environment friendly disposal of solid waste and conversion of biodegradable waste to energy are being set up at New Delhi and Jaipur Railway Stations.
  19. Five more such solid waste management plants are now being taken up.
  20. Indian Railway face stiff competition from other modes of transportation which are dominated by the private sector.
  21. Trans formative measures have to be undertaken to make Indian Railways competitive to retain their position of pre-eminence.
  22. Following steps will therefore be taken :- Railways will implement end to end integrated transport solutions for select commodities through partnership with logistics players, who would provide both front and back end connectivity. Rolling stocks and practices will be customized to transport perishable goods, especially agricultural products. Railway will offer competitive tickets booking facility to the public at large. Service charge on e-tickets booked through IRCTC has been withdrawn. Cashless reservation have gone up from 58% to 68%. As part of accounting reforms, accrual based financial statements will be rolled out by March 2019.
  23. Continuous endeavor to improve the Operating Ratio of the Railways. The tariffs of Railways would be fixed, taking into consideration coasts, quality of service, social obligations and competition from other forms of transport. 
  24. Shares of Railways PSE's like IRCTC, IRFC and IRCON will be listed in stock exchange.
  25. A centralized Defense Travel System has now been developed through which travel tickets can be booked online by our soldiers and officers. They do not have to face the hassle of standing in queues with Railway warrants. 

On 01.02.2017 our Finance Minster Shri. Arun Jailtly presented the union Budget for the year 2017. This will also be the first time that the Railway Budget will not be presented separately and will be a part of the Union budget presented by Arun Jaitley. Railway got what, let's us check.

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