New Delhi: Presenting the Interim Rail Budget 2014 in Parliament on Wednesday, Union Railway Minister Mallikarjun Kharge announced that 17 new premium trains and 38 express trains would be introduced.
The Railway Minister has however kept both the passenger as well as the freight fares unchanged.
Rail Budget 2014 Highlights:
Passenger fares to remain unchanged
Leaves freight fares unchanged
Recieved several suggestions for new trains
Railway line from Kashmir to Kanyakumari
High time to take note of urgent needs of Railways
Seeks approval for spending first 4 months of FY'15
Funds to be provided for national projects
To start passenger service to Vaishnodevi-Katra shortly
Setting up of 11.2 km-long tunnel in J&K
Railways met extra expenditure through own means
Successfully met 6th pay panel recommendations
Extending rail connectivity to NE states
Electrification of over 4,000 kilomteres in plans
Railways has emerged stronger financially
Extra expenses met through internal accruals
Dedicated freight corridor to cut transit time by half
Completed laying 2,027 kms railway lines vs target 2,000 kms
Railways helps cause of national integration
To introduce 17 new premium trains and 38 express trains
Railways help provide low cost connectivity
Banihal link a big boon
Railways has met 6th pay panel recommendations
Dedicated freight lines to be commissioned
Completed doubling gauge of 2,227 kms vs target of 2,000 kms
Completed electrification of 4,556 kms vs target of 4,500 kms
Railways to have more passenger trains at higher speed
Need budgetary resources of Rs 19,805 crore for FY15
Rail Vikas Nigam to borrow Rs 1,000 crore from market in FY15
FY15 gross traffic receipts seen at Rs 1.16 lakh crore
