Rail Budget 2014 highlights
Union minister Sadananda Gowda presented his first rail budget yesterday and here are a few major highlights:
Indian railways is ought to become the largest freight career in the world.
Gross traffic receipts in 2013-14 was Rs 12,35,558 crore; operating ratio was 94 per cent. Spend 94 paisa of every rupee earned, leaving a surplus of only 6 paisa says Mr. Gowda.
Fare revision will bring in Rs.8,000 crore; need another Rs.9,000 crore for golden quadrilateral project.
Railways also proposes to set up Food Courts at major stations.
Tourist trains to be introduced to link all major places of tourist interests across the country.
Proposal to start Bullet trains on Mumbai—Ahmedabad route. Speed of important trains will be also raised.
Diamond Quadrilateral project of high speed trains to connect all major metros.
E-ticketing system to be improved. Future e-ticketing to support 7200 tickets per minute & to allow 120,000 simultaneous users. This might be the best news for all internet users.
Mumbai local to get 860 new, state-of-the art coaches. 64 new EMUs to be introduced.
Paperless office of Indian railways in 5 years. Digital reservation charts at stations.
Ready-to-eat meals to be introduced in phased manners.
27 Express trains to be introduced.
5 Jansadharan , 5 Premium AC trains to be introduced.
What’s your take on the rail budget?