Railway Budget 2016-17: Highlights

Feb 25, 2016 12:16 IST

Railway Budget 2016-17Railway Minister Suresh Prabhu on 25 February 2016 presented the Railway Budget 2016-17 in the Lok Sabha. In his second Rail Budget, Prabhu outlined a capital plan of 121000 crore rupees in 2016-17.

A saving of 8720 crore rupees for Budget estimates of 2015-16 will be effected in 2016.

Theme of the Budget is Overcoming challenges – Reorganize, Restructure Rejuvenate Indian Railways: ‘Chalo, Milkar Kuch Naya Karen’.

Railway Budget of 2016-17 is based on three pillars and they are Nav Arjan (New Revenues), Nav Manak (New Norms) and New Sanrachna (New Structures).

Nav Arjan (New Revenues)
It exploits new sources of revenue so that every asset, tangible or non-tangible gets optimally monetized.

New Manak (New Norms)
A Zero Budgeting approach to the financials of the ensuring year, improvement in efficiency yardsticks and procurement practices to bring them in line with international best practices

Nav Sanrachna (New Structures)
Need to re-imagine the conventional ways of solving issues like co-operation, collaboration and communication, creativity and communication to the hallmark of decision-making and actions.

Major Highlights
• Wants to double investment in Railways
• Delay in running of 95% trains will be ended by 2020
• Rail tickets will be available at all places by 2020
• Aimed at increasing speed of passenger train by 80km/hr
• LIC has agreed to invest 1.5 lakh crore rupees over 5 years on extremely favourable terms
• Dedicated freight corridor project gaining momentum. New freight corridors announced: Delhi-Chennai, Kharagpur-Mumbai, Kharagpur-Vijayawada.
• Poised to commission broad gauge lines at the rate of 7 km per day against 4.5 km over last five years
• Plan to generate 9 crore man-days employment by 2017-18 and 14 crore man-days by 2018-19
• Institutional financing will be introduced for funding projects
• Action of 139 Budget announcements on 2015-16 has been initiated
• Aimed at eliminating unmanned level crossings by 2020
• Aimed at generating revenues of order of 184820 crore rupees in 2016, which is 10.1 percent higher than revised target of 2015
• North-East India, especially Mizoram and Manipur, to be connected through broad gauge soon
• To commission 2800 km of new tracks in 2016-17
• Bids for setting up 2 locomotive factories was finalised and the new factories will be set up with an order book of 40000 crore rupees.

Rail Budget History and Important facts

• Indian Railways to surpass ambitious target of commissioning 2500 kms of broad gauge lines, almost 30% higher than last year
• Catering service will be managed by IRCTC in phased manner
• e-ticket facility for foreign debit and credit card holders will be provided
• Cancellation facility through 139 helpline number will be provided
• Journalists to get facility of e-booking of tickets on concessional passes
• Bar-coded tickets will be introduced on pilot basis, this will help to tackle menace of ticketless travel
• Overnight double-decker trains to be introduced on business travel routes
• Long distance superfast train Antyodaya Express for unreserved passengers will be launched
• Fully unreserved superfast trains to be introduced on dense traffic routes
• Deen Dayal coaches for long distance trains for unreserved passengers will be introduced
• Full-fledged Railway University will come-up soon
• Railways to increase the quota of lower berths for women and senior citizens
• Bidding for redevelopment of few large and medium stations will be undertaken
• Enhanced capacity of e-ticketing system from 2000 tickets/min to 7,200/min.
• A framework will be formulated where net saving from electrification will be able to finance capital expenditure.
• Wi-Fi will be provided at 400 railway station in 2016-17, as compared to 100 in 2015-16
• 2000 km of electrification proposed for 2016-17
• Chennai will have India's first rail auto hub
• Railway Ministry will partner with Tamil Nadu Government to develop suburban network in Chennai through innovative financing methods

Bibek Debroy committee on railway restructuring submitted report to Union Ministry of Railways

• For suburban rails, Railway Ministry will work with Karnataka Government
• Ring Railway to be redeveloped in partnership with the Delhi government.
• FM radio stations will be invited to provide train borne entertainment via PA systems
• Rail Bandhu magazine will be published in all regional languages
• GPS-based digital display in coaches for showing upcoming stations will be installed
• Elevated rail corridors from Churchgate to Virar and CST to Panvel are planned
• Coolies have been renamed and will be called 'Sahayaks'
• Children's menu, baby foods, baby boards to be made available for travelling mothers
• IRCTC will make available local cuisine of choice, hygienic food. Local cuisine of choice will be made available to passengers
• All new Railway stations to be built as per Accessible India guidelines
• No hike in railway fares.
• The companies owned by Railways to come under a holding companies
• Two dedicated freight corridors by 2019
• 50 crore rupees kept aside for providing innovation grants to start-ups
• Drones will be used for remote monitoring of ongoing projects
• 33 percent sub-quota for women under all reserved categories
• Advertising revenue to be increased by more than four times in 2016-17

Rail Budget 2015-16

Railway Budget 2015-16: Statistical Highlights

Railway Budget 2015-16: Major Initiatives

Railway Budget 2015-16: Quality of Life in Journeys

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