Railway Budget 2011-12 Highlights

Railway Minister Mamata Banerjee presented the Railway Budget 2011-12 in the Lok Sabha on 25 February 2011.

Created On: Feb 26, 2011 16:47 ISTModified On: Mar 31, 2011 21:43 IST

Railway Minister Mamata Banerjee presented the Railway Budget 2011-12 in the Lok Sabha on 25 February 2011. The Budget Plan is proposed to be financed through GBS of Rs 20000 cr, diesel cess of Rs 1041 cr, internal resources of Rs 14219 cr, market borrowings of Rs 20594 cr through Indian Railway Finance Corporation (IRFC), considering its past excellent performance in the financial market.

The highlights of the Railway Budget 2011-12 are as follows:

•    The Railway Budget 2011-12 marked the highest ever Plan outlay of Rs. 57630 crore proposed for Railways.
•    No hike in passenger fare and freight rates.
•    Rs. 9583 crore was proposed to be provided for new lines.
•    56 new Express Trains including 3 new Shatabdis and 9 Duronto trains are to be introduced
•    AC Double Decker services on Jaipur-Delhi and Ahmedabad-Mumbai routes would be introduced.
•    New Super AC Class to be introduced to cater to corporate travellers.
•    A new portal for e-ticketing would be launched. The budget proposed reduction of booking charges. Booking charges will be cheaper with a charge of only Rs. 10 for AC classes and Rs.5 for others.
•    Pan-India multi-purpose smart card “Go India” would be introduced.
•    236 more stations would be upgraded as Adarsh Stations.
•    The budget proposed 47 additional suburban services in Mumbai and 50 new suburban services for Kolkata.
•    Provision for two new passenger terminals in Kerala and one each in Uttar Pradesh and West Bengal were included.
•    Feasibility study was proposed to be undertaken to raise speed of passenger trains to 160-200 kmph.
•    A special package of two new trains and two projects for the States managing trouble free run of trains throughout the year was proposed.
•    Sanction of Anti Collision Devise (ACD) to cover 8 zonal railways was included.
•    GPS Based ‘Fog Safe’ Device was proposed to be deployed.
•    All unmanned level crossing upto 3000 is to be eliminated.
•    All India Security Help line on a single number to be set up.
•    All state capitals in the North-East except Sikkim to be connected by Rail in next seven years.
•    The budget proposed a Bridge Factory in J & K and a state-of-art Institute for Tunnel and Bridge Engineering at Jammu.
•    A Diesel Locomotive Centre was proposed to be set-up in Manipur.
•    A Centre of Excellence in Software at Darjeeling was proposed under the aegis of CRIS.
•    Rail Industrial Parks at Jellingham and New Bongaigaon were proposed.

•    The budget proposed setting up of additional mechanized laundry units at Nagpur, Chandhigarh and Bhopal.
•    700 MW gas-based power plant to be set up at Thakurli in Maharashtra.
•    The Union Railway budget 2011 proposed procurement of 18000 Wagons during 2011-12.
•    A scheme for socially desirable projects, Pradhan Mantri Rail Vikas Yojana with Non-lapsable fund was proposed.
•    10000 shelter units were proposed for track side dwellers in Mumbai, Sealdah, Siliguri, Tiruchirapalli on pilot basis.
•    The budget also proposed concession to physically handicapped persons to be extended on Rajdhani and Shatabdi trains.
•    Concession of 50% to press correspondents with family was increased to twice a year.
•    Senior Citizens concession was hiked from 30 % to 40 %.
•    Medical facilities was proposed to be extended to dependent parents of the Railway employees.
•    Scholarship for Girl child of Group-D railway employees was increased to Rs.1200 per month.
•    20 additional hostels for children of railway employees was proposed to be set up.
•    Recruitment for 1.75 lakh vacancies of Group C and D including to fill up backlog of SC/ST  initiated, 16,000 ex-servicemen to be inducted by March 2011.
•    The budget also proposed the creation of s separate sports cadre.
•    2011-12 declared Year of Green Energy for Railways.
•    Freight loading of 993 MT and passenger growth of 6.4 % were estimated for 2011-12.
•    Gross Traffic Receipts at Rs.1,06,239 crore, exceeding one lakh crore mark were estimated for the first time.
•    Ordinary Working Expenses were assessed at Rs. 73650 crore.


Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप

Comment ()

Related Stories

Post Comment

8 + 6 =