railway budget of 2015-16

Presented By:Nishant Kumar Oraon

Raghvendra Pratap Singh

Railway Budget• Railway Budget or Rail Budget is a plan or statement of the

annual financial allocation for Indian Railways which is responsible for providing transport through rails in the country. Rail Budget is submitted in the Parliament every year brought up by the Minister of Railways.

• Till 1924 there was no separate budget for railways it was included in General budget.

• Following the recommendation of the 10 member-Acworth Committee in 1920-21, headed by railway economist William Acworth, the railway finances of India were separated from the general government finances in 1924.

• John Mathai presented the first Railway Budget for independent India in November 1947.

• No new trains• Investment of 8.5 lakh crore envisaged over the

next 5 years• Advance bookings extended to 120 days• No hike in train passenger fares• More berths for aged, pregnant women• Effort to make railway economically self sufficient• Freight charges for a dozen items including

Pulses, cement, coal, urea etc have been raised from 0.8% to 10%

4 Goal

• Enhanced Customer Service• Safer Travel• Capacity Augmentation and

infrastructure modernization• Financially self-sustainability

5 drivers

• Adopting a medium-term perspective• Building partnership with all

stakeholders• Leveraging additional resources• Revamping management practices,

systems, processes and re-tooling of human resources

• Setting standards for Governance and Transparency

11 Thrust Areas• Quality of life in journey -Tickets can now be booked 4 months in advance -Operation 5-minutes project to deliver tickets to

the passengers travelling in unreserved categorise -2 helpline number 138 and 182 is going to be

introduced -In 108 trains there will be the facility of e-catering

• Station Redevelopment -200 more station will be constructed -Other B-Class Stations will have Wi-Fi facility -For fast development policy has been changed

Contd.• Capacity Augmentation -Increase speed on 9 corridors from 110-130 to 160-200

km/hr -1000 MW solar power projects on railway land or roof

tops -For electrification of railway line budget has been

increased by 1330%

• Safety -To finish off un-manned railway crossing budget has been

increased by 2600% -Fire Alarm in every coaches -Anti-coalition Technique -CCTVs will be installed on a pilot basis in selected mainline

coaches and ladies compartment of suburban coaches

Contd.• Technology Up gradation -In 4 universities there will be railway research centre -Constitute an innovation council called ‘kayakalp’ for

business re-engineering and introducing a spirit of innovation in railway

• Partnership for Development -Foreign rail technology cooperation scheme to be

launched for development partnership -For completion of project there will be a partnership

between states and PSU

Contd.

• Improvement to management processes and Systems -Decentralization of railways management -Inspection of use of funds at central level

• Resource Mobilization -To increase revenue through advertisements in trains

and stations - Projects worth of Rs 2500 crore to be launched on

BOT model

• Human Resource -Railway will make its own university in this financial

year -Staff will be trained for better behaviour towards

customers

Contd.• Energy & Sustainability -Railway board will have its separate environmental

directorate -Railway will now purchase electricity through bidding

process

• Transparency and Governance Initiatives -All recruitments drive will be linked through online

processes -Purchase will be done through e-procurement

Conclusion

• Easier• Faster• Safer• Cleaner• Wiser

Thank You!!!