Railway Budget 2019

Indian Railway Budget 2019
Indian Railway Budget 2019

Railway Budget 2019

Railway Minister Piyush Goyal presented the Railway Budget 2019 along with the Union Budget in February 1 , 2019.

In 2017, the Railway Budget was merged with the Union Budget, 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.

Railway Budget 2019 Live Updates

4:25 PM – Vande Bharat Express is major attraction announced. Vande Bharat Express was called Train 18 earlier. Visit Vande Bharat Express for more information.

12:16 PM – Next-generation infrastructure on Indian Railways, ports, roadways and waterways.

12:05 PM : Looking to improve the operating ration

11:37 AM : New IRCTC website for ticket booking

11:28AM – Don’t pay for food, if no bills!

11:25 AM – Project Utkrisht, Indian Railways is upgrading as many as 140 Mail/Express train rakes by the end of this financial year.

11:18 – Airport-like railway stations

11:09 AM – No Fare Hikes

11:06 AM – Railway Budget 2019 Speech Started

Keep on visit this page to get latest News related to Indian Railway Budget 2019.

Train Budget 2019

This not just saves money of the Railways, but also time of parliamentarians by not having to approve and pass two separate bills. Earlier, this used to consume a lot of time but now with the merger, things have become quite simplified. Indian Railway Minster Piyush Goyal had said in November 2017 last year that the Railways is looking at innovative ways to finance its expenditure and does not need any funds from the Union Budget.

Indian Rail Budget ( Union Budget ) : Expectations

You can share your expectations also on the comment box of this post.

Expectations

According one of the reliable source following are some of the rail budget 2019 expectations.

  • Railway Minister Piyush Goyal may not announce new trains in the Budget, but sources say that he may make announcements on increasing the speed of few existing trains along with announcement of some semi high speed trains.
  • Being an Interim Budget, every detail of the allocation for the railways may not be spelt out, but sources say that Railway Budget will focus on three pillars – safer, faster, better.
  • Increased budgetary allocation (that the rail ministry had earlier sought) will be used to upgrade the coaches in Railways with schemes like Swarn Mission. High speed corridors work will be expedited with the increased Budgetary Allocation

Mumbaikars Expectation on Budget : Mumbai Local Train

According popular media survey found that Mumbai Local Train passengers expecting more safety measures.

Every year lots of passengers getting accident by Mumbai Local train either while traveling on train or crossing the platform. Although railway made decision to repair the track and modifications during Sunday Mega Block on Mumbai Local its not enough.

Mumbai suburban recently announced new safety measure like blue light indication on selected train when train starts to provide warning to passengers.

Read More:New Train Details 2019

Railway Budget 2018

New India Budget to transform Railways into a modern, safe, green, affordable and comfortable mode of transport Drastically scaling up investments by almost three times to Rs 1,48,528 cr.

In 2018-19 (BE) as against Rs 53,989 cr. and in 2013-14 Highest priority to safety – total expenditure planned on safety activities including is Rs 73,065 cr in 2018-19 (BE), Indian Railway announced through a press release.

Railway Budget

Highlights of Railway Budget 2018

Railways to electrify the entire network

600 Stations are to be developed with world class facilities. Escalators to be provided at all stations with passenger footfall above 25,000. Stations and trains will be provided with wi-fi facility for information and entertainment; CCTV cameras across all stations and trains for security
Improved suburban services to Mumbai with 90 kms line doubling of around Rs. 11,000 cr and 150 kms additional lines worth Rs. 40,000 cr for enhancing transportation in Mumbai with expansion of suburban railway system.

In the past four years, Government has taken several decisions to transform Railways into a modern, safe, green, affordable and comfortable mode of transport.

Physical Achievements and Initiatives

Shri Goyal also emphasized that in this Budget 2018-19, Government has accorded highest priority to safety in line with its philosophy of every life is precious.

The total expenditure planned on safety activities including Rashtriya Rail Sanraksha Kosh (RRSK) is Rs. 68,725 cr in RE 2017-18 and Rs. 73,065 cr in BE 2018-19. The RRSK will comprise Rs. 5,000 cr from Capital (Budgetary Support), Rs. 10,000 cr from Railway Safety Fund received as Railways’ share from Central Road fund and Rs. 5,000 cr from Railways’ revenue.

Apart from elimination of Unmanned Level Crossings on all busy routes and shift to production of safer LHB coaches, there is focus on track renewal with the highest ever outlay ever.

The Union Minister for Railways and Coal Shri Piyush Goyal said Indian Railways is powering India by being the main transporter of coal. Soon the power sector will give added energy to railways, which will electrify the entire network within the next 5 years.

This will lead to an estimated saving of Rs. 10,000 cr per annum, help in reducing carbon emissions and promote sustainable development, besides increasing India’s energy security by saving foreign exchange on imported fuels.

The Minister also informed that 600 Stations are to be developed with world class facilities. Escalators will be provided at all stations with passenger footfall above 25,000.

All railway stations and trains will be provided with wi-fi facility for information and entertainment. This will also enable people in rural areas, including women and youth, to access the internet and enhance their knowledge and skills.

To enhance safety and security of passengers, Indian Railways will set up CCTV cameras across all stations and trains to enhance security.

Considering that Railways is one of the safest, economical and sustainable modes of transport, Shri Goyal said Railways will focus on providing improved suburban services to metros like Mumbai with90 kms line doubling of around Rs. 11,000 cr.

In addition, 150 kilometers of additional suburban network is being planned Rs. 40,000 crore for enhancing transportation in Mumbai with expansion of suburban railway system. Railways will also build 160 kms suburban network worth Rs. 17,000 cr in Bengaluru to help reduce congestion there and save commuting time of passengers.

In the General Budget 2018-19, Government has also approved setting up of India’s first Rail and Transportation University in Vadodara, Gujarat. Railways has ambitiously increased targets in capacity building to ease the network and ensure highest standards of safety, speed and service for customers.

Live Updates : Railway Budget 2018

Summary of Budget for Railway

  • Rs.148528 Lakh crore total allocation for Railways
  • 600 Major railway stations to be modernized
  • 12000 Wagons, 5160 coaches, 700 Locomotives to be procured
  • 4267 unmanned railway crossing to be eliminated by 2020
  • 36000 km rail track to be renewed

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