Indian Rail Budget 2011

By: DoYouKnow.IN | Views: 1615 | Date: 25-Feb-2011

Railway Minister Mamata Banerjee outlined an annual plan of Rs. 57,630 for the next fiscal while presenting her Budget, 2011 and also promised to bring a strong railroad infrastructure.

Railway Minister Mamata Banerjee outlined an annual plan of Rs. 57,630 for the next fiscal while presenting her Budget, 2011 and also promised to bring a strong railroad infrastructure.
"We have taken a two-pronged approach," Mamata said at the Lok Sabha while reading out the Rail Budget. "On the one hand, we shall build sustainable, efficient, rapidly-growing railways. On the other, we shall display an acute sense of social responsibility towards the common people," she said.
She said there will be a 'rail revolution' in the name of the Prime Minister which will be called the Pradhan Mantri Rail Vikas Yojana.

Following are the highlights so far of the Budget while the minister reads it out in Lok Sabha.

* To meet the demand for coaches, rail based industries to be set up under Vision 2020.
* First coach from the new rail factory at Rae Bareli to roll out in next three months.
* Railways to set up a bridge factory in Jammu and Kashmir considering need for large number of bridges on railway projects in the state.
* Proposal to set up metro coach factory near Singur in West Bengal.
* Track-machine industry to be set up in Uluberia in West Bengal.
* A 700 MW gas based power plant to be set up at Thakurli in Maharashtra.
* Anti-collision devices to be commissioned in three railway zones including South and South Central soon.
* 1,500 trains cancelled, 3,500 re-scheduled last year due to protests, other reasons.
* States showing good performance in rail movement to be provided with two new trains and two new projects.
* 'Go India' smart card ticket project to be launched this year.
* Restructuring of all cadres being undertaken in the Railways.
* 16,000 ex-servicemen to be inducted by March in the Railways for the first time.
* Enthused by the high number of medals in international sports competitions won by Railways, a sports cadre will be set up in the department.
* Railway earnings set to exceed the Rs. one lakh crore mark.
* Developing an integrated suburban rail network in large cities like Mumbai, Chennai, Hyderabad and Kolkata.
* Physically challenged people can enjoy concession in Rajdhani, Shatabdi trains.
* Eligibility age for senior citizen concessions reduced to 58 from 60 for travel by rail.
* 47 additional services on Mumbai suburban section.
* Nine additional services for Chennai suburban service.

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