Railway Budget 2020 – 2021

Railway Budget / Union Budget 2019 - 2020
Railway Budget / Union Budget 2019 - 2020

Railway Budget 2020 – 2021

Finance Minister Nirmala Sitharaman on Saturday (01.01.2020)presented the Union Budget along with the Railway Budget 2020 – 2021. Details are following

Railway Budget was merged with the Union Budget, in 2017, putting an end to the 92-year-old tradition of presenting it separately. The tradition of presenting the rail budget separately was a colonial era policy of British government based on the report by 10-member Acworth Committee in 1924.

Major Points :-

  • 148 Km long Bengaluru Suburban Transport Project at a cost of Rs 18600 Crore proposed
  • A National Logistics Policy to create a single Window E-Logistics Market
  • Proposal to Monetise at least 12 Lots of Highway Bundles of over 6000 Km before 2024
  • Proposal to Set up large Solar Power Capacity Alongside Rail Tracks, on Railway’s Land
  • Four Station Re-Development projects and Operation of 150 Passenger Trains through PPP Mode
  • National Skill Development Agency to give Special Thrust to Infrastructure-Focused Skill Development Opportunities

Highlighting Prime Minister’s Statement in the Independence Day Speech 2019, that Rs. 100 lakh Crore would be invested on infrastructure over the next 5 years, Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman, while presenting the Union Budget 2020-21 in Parliament today said “As a follow up measure, I had launched the National Infrastructure Pipeline on 31st December 2019 of Rs 103 lakh crore. It consists of more than 6500 projects across sectors and are classified as per their size and stage of development.”

The Finance Minister further said, that the National Skill Development Agency will give special thrust to infrastructure-focused skill development opportunities and that a huge employment opportunity exists for India’s youth in construction, operation and maintenance of infrastructure.

  • The Union Budget proposed to set up a project preparation facility for infrastructure projects. This programme would actively involve young engineers, management graduates and economists from our Universities.
  • The Budget also proposed to direct all infrastructure agencies of the government to involve youth-power in start-ups.
  • The Finance Minister also proposed A National Logistics Policy, to be released soon and this would clarify the roles of the Union Government, State Governments and key regulators and create a single window e-logistics market and focus on generation of employment, skills and making MSMEs competitive.
Railway Budget 2020 - 2021
Railway Budget 2020 – 2021

Measures for improving roads Infrastructure

While presenting the Union Budget 2020-21, the Finance minister said that Accelerated development of highways will be undertaken. She said “This will include development of 2500 Km access control highways, 9000 Km of economic corridors, 2000 Km of coastal and land port roads and 2000 Km of strategic highways. Delhi-Mumbai Expressway and two other packages to be completed by 2023. Chennai-Bengaluru Expressway also be started. It is proposed to monetise at least 12 lots of highway bundles of over 6000 Km before 2024.”

Measures for improving Railways Infrastructure

Enlisting the achievements of Railways within 100 days of assumption of the current government, the Finance minister proposed the following five measures for optimisation of costs

  • Setting up a large solar power capacity alongside the rail tracks, on the land owned by the railways
  • Four station re-development projects and operation of 150 passenger trains would be done through PPP mode.
  • More Tejas type trains will connect iconic tourist destinations.
  • High speed train between Mumbai to Ahmedabad would be actively pursued.
  • 148 km long Bengaluru Suburban transport project at a cost of Rs 18600 crore, would have fares on metro model. Central Government would provide 20% of equity and facilitate external assistance up to 60% of the project cost.
  • With an aim to build a seamless national cold supply chain for ‘perishables’, The Minister also proposed that the Indian Railways will set up a “Krishi Rail”- through PPP arrangements. There will be refrigerated coaches in express and Frieght trains as well she said.

MINISTRY OF RAILWAYS: THRUST AREAS OF THE BUDGET 2020-21

PM had highlighted that Rs 100 lakh crore would be invested o­n infrastructure over the next 5 years. National Infrastructure Pipeline (NIP) has been launched o­n 31st December 2019 of Rs 103 lakh crore. It consists of more than 6500 projects across sectors. For Railway sector NIP will include modern railway stations, metro and railway transportation, logistics and warehousing etc. (Para 49).

Five measures relating to Railways have been highlighted in Budget speech (Para 54):

  • Setting up a large solar power capacity alongside the rail tracks, o­n the land owned by the railways. A proposal is under consideration.
  • Four station re-development projects and operation of 150 passenger trains would be done through PPP mode. The process of inviting private participation is underway.
  • More Tejas type trains will connect iconic tourist destinations.
  • High speed train between Mumbai to Ahmedabad would be actively pursued.
  • 148 km long Bengaluru Suburban transport project at a cost of Rs 18600 crore, would have fares o­n metro model. Central Government would provide 20% of equity and facilitate external assistance up to 60% of the project cost.

The aim of Government is to make Indian Railways the growth engine of the economy. To this end, Government has increased investment and introduced modern technology while focusing o­n safety, speed and service to passengers

Continued emphasis o­n capacity enhancement through accelerated investments and execution

  • Capex for the year 2019-20 is Rs 1,56,352 crore (RE), which is 17.2% higher than the previous year.
  • Capex for 2020-21 has been pegged at an all time high of Rs 1,61,042 crore.
  • Electrification of the entire BG network by 2023-24.
  • The target of new lines, gauge conversion and doubling/tripling etc. for 2020-21 is 3750 Route Kms against 3150 Route Kms in 2019-20.
  • Advanced Signalling System: Railways now plan to induct latest technology for Signalling& Telecommunication system. Under modernization plan of Railway signaling system, it has been decided to implement Centralized Traffic Control (CTC) system o­n IR. This will increase operational efficiency. In first phase CTC will be implemented o­n 1830 KMs over 8 Zonal Railways o­n sections provided with Automatic Block Signalling system. Further, in the second phase, CTC will be implemented over balance 8 zonal Railways alongwith Automatic Block Signalling system.
  • Government has initiated the upgradation of the decades old signalling system into an Automatic Train Protection Systems, which will be a mix of proven international technology as well as indigenously developed systems with an impetus to Make in India.
  • Facilitating private participation in Railways to build a seamless national cold supply chain for perishables, inclusive of milk, meat and fish, the Indian Railways will set up a “Kisan Rail” – through PPP arrangements. There shall be refrigerated coaches in Express and Freight trains as well (Para 23 (7)).

Continued focus o­n Safety.

  • 2019-20 has been o­ne of the safest year in the history of Indian Railways. Consequential train accidents have reduced from 118 in 2013-14 to 51 in 2019-20 (upto December 2019). No passenger fatality has occurred in Consequential train accidents till 31/12/2019.
  • Unmanned level crossings o­n Broad Guage network has been eliminated.
  • Project for elimination of manned Level crossing has been undertaken.

Enhancing passenger experience through digital technologies.

  • Railways have provided free and fast wi-fi at over 5,500 railway stations benefitting the common public.
  • The Automatic updation of Train Timings through Real Time Train Information System (RTIS) in collaboration with ISRO and Data Loggers machines is improving punctuality and giving an accurate estimate of train arrival and departure to the passenger.
  • Artificial intelligence based system is being used to help predict the possibility of a ticket confirmation.
  • Transparency and accountability in food quality is being initiated through the commencement of CCTV based live streaming of food kitchens and food packets with QR codes linked to the kitchen where they have been prepared.
  • Digital payments is getting a boost through the provision of handheld devices and POS machines.
  • The indigenous “Make in India”, Vande Bharat express has been successfully inducted o­n two routes, and further induction of 44 new Vande Bharat sets has been initiated.

Budget Live Updates 2020 – 2021

July 1st 2019 on-wards Indian Railway revised the Train Time Table. Click here to get the latest New Train Time Table 2020 details

LEAVE A REPLY

Please enter your comment!
Please enter your name here

two × four =