Union Rail Minister Mamata Banerjee presents Rail Budget. She said no privatization of railway on card. Social commitments to meet. Vision 2020 plan to launch. Task force will be set up. She seeks more power for RPF. Stocks related to rail budget falls. Market continues it’s downward trend.
Below find some key declarations.
117 new trains in 7 months

No change in freight charges. Freight charge of Kerosene and vegetables to decrease

Double Decker trains on a  pilot basis

Drinking water botling plant in 6 locations on PPP, including one in Trivandrum

Kanchikode coach factory to happen soon

Freight and revenue target increased

Rs.1300Cr for better facilities for passengers

Dedicated passenger corridor

More Duranto (non stop) trains

101 suburaban trains in Mumbai

Railway exam fees to decrease

Within 5 months all unman ed level cross will occupy men

Metro rail funding increased

Palakkad coach factory gets final approval, factory to start soon

Rail Budget Key points (Source www.moneycontrol.com)

- To come out with 10-year plan ‘Vision 2020′
- Limited funds available constraint for line addition
- See 890 million tonne freight loading during FY10
- To beat FY10 freight target by 8 million tonne
- FY10 revised estimate on gross earning at Rs 88,200 crore
- Rs 6,490 crore net revenue revised estimate for FY10
- Non-core business revenue seen at Rs 1,000 crore
- Impact of 6th Pay Commission at Rs 55,000 crore
- Plan to raise Rs 10,000-20,000 crore in FY11
- FY11 freight loading aim at 944 million tonne
- FY11 gross traffic receipts at Rs 94,800 crore
- FY11 plan outlay seen at Rs 41,426 crore
- FY11 working spend seen at Rs 87,100 crore
- See FY11 dividend liability at Rs 6,600 crore
- FY11 operating ratio seen at 93.2%
- FY11 new line allocation cost at Rs 4,400 crore
- FY11 gross budgetary support seen at Rs 15,800 crore
To borrow Rs 9,120 crore this fiscal
Business and India Inc
- Not to increase freight tariff
- Time for business partnership with Railways has come
- Not to privatise Railways
- To set up six bottling water plants via PPP model
- RFID technology to be used in freight transport
- To acquire 80,000 new wagons
- To set up more freight corridors
- Cut freight on food grain, kerosene by Rs 100/wagon
- To set up 10 auto ancillary hubs In PPP model
- To start door-to-door service for freight movement
- Premium tatkal service for parcel, freight movement
- Golden Rail Corridor project announced
- 5 new coach factories to be set up
- Diesel plant in Bengal if land available
- Railway research center in Kharagpur
Design testing unit to be set up in Bangalore
Passengers
- To complete 1,000 km lines in one year
- 117 new trains to be flagged off by March 31
- Rs 1,300 crore for passenger amenities
- To launch double-decker trains on pilot basis
- To construct more underpasses, subways, low-height flyovers
- To raise 12 companies of women RPF
- Women RPF to be raised
- E-ticketing mobile vans at hospitals, universities
- To run 101 new suburban trains in Mumbai
- To introduce 54 new trains in FY11
- Service charge on AC class cut to Rs 20 From Rs 40
- To extend routes of 21 trains
- To launch tourist trains on 16 routes
- To launch 10 more duranto trains
- Golden Rail Corridor project announced
Funding for metro rail projects increased by 5%
Employees and Employment
- New housing scheme for 14 lakh employees
- Ex-servicemen for railway security
- Rail exams to be held in regional languages
FY11 pension appropriation at Rs 14,500 crore
Public service
- Announces Rabindra Museum at Howrah
- Railways to set up 10 eco-parks
- Special trains for Commonwealth Games
Sports academies to be set up in 5 cities