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Railway Budget 2015-16: Statistical Highlights

Feb 27, 2015 13:02 IST

Railway Minister Suresh Prabhu on 26 February 2015 presented his maiden Rail Budget 2015-16 in the Lok Sabha. This was also the second rail budget of the Narendra Modi-led NDA government.

The major statistical highlights of the Budget encompassing Financial Performance 2014-15, Budget Estimates 2015-16 and Plan outlay 2015-16 are given below:

Financial Performance in 2014-15

• In 2014-15, there was a net reduction in Gross Traffic Receipts by 917 crore rupees compared to the Budgeted Estimate (BE) of 160165 crore rupees
• Growth in Ordinary Working Expenses (OWE) scaled down to 11.7 percent. The budgeted OWE of 112649 crore rupees decreased in the Revised Estimate (RE) of 2014-15 to 108970 crore
• Appropriation to the Pension Fund increased to 29540 crore rupees in the RE 2014-15
• Internal resource generation also improved and accordingly the appropriation to Depreciation Reserve Fund (DRF) was scaled up to 7975 crore rupees in RE from the BE 2014-15 provision of 7050 crore rupees
• Excess of receipts over expenditure stood at 7278 crore rupees in RE 2014-15 reflecting better financial management
• Plan size for 2014-15 increased from 65445 crore rupees in the Budgeted Estimates to 65798 crore rupees in the Revised Estimates

Budget Estimates for 2015-16
• Passenger earnings growth pegged at 16.7 percent and target budgeted at 50175 crore rupees
• Freight traffic is pegged at an all time high incremental traffic of 85 million tonnes, anticipating a healthier growth in the core sector of economy
• Goods earnings proposed at 121423 crore rupees which includes rationalisation of rates, commodity classification and distance slabs
• Other coaching and sundries are projected at 4612 crore rupees and 7318 crore rupees respectively
• Gross Traffic Receipts estimated at 183578 crore rupees, a growth of 15.3 percent
• Ordinary Working Expenses proposed to grow at 9.6 percent over RE 2014-15. Traction fuel bill is anticipated to shrink further
• Lease charges, interest component of the current and previous market borrowings are pegged at a growth of 21 percent
• Appropriation to Pension Fund is proposed at 35260 crore rupees and appropriation to DRF at 8100 crore rupees
• Appropriation of 7616 crore rupees is proposed to be made to Capital Fund for payment of principal component of lease charges to IRFC

Plan Outlay 2015-16

• Gross Budgetary Support of 40000 crore rupees for the Railway’s annual Plan
• Total Plan Outlay is 100011 crore rupees, an increase of 52 percent over RE 2014-15
• 1645.60 crore rupees has also been provided as Railway’s share of diesel cess from the Central Road Fund
• Market borrowing under Extra Budgetary Resources (EBR) projected at 17655 crore rupees, an increase of about 46.5 percent
• Balance Plan outlay includes 17793 crore rupees from Internal Resources and 5781 crore rupees from PPP
• A new financing approach to expand EBR has been projected. This EBR, presently named EBR (Institutional Finance) is projected at 17136 crore rupees and is aimed at accelerating completion of capacity augmentation projects.

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