Railway Budget 2015-16

Railway Minister Suresh Prabhu has, in his maiden budget, shunned populism and focused on fiscal consolidation to improve financial health of the country’s largest public transporter. He refrained from announcing new trains, stated to be a first by any rail minister in the past three decades, focused on bringing down operating ratio and increased freight rates to rake in more money. Passengers were spared from any fare hike and there was a 67 per cent jump for improving passenger amenities. The Railway Minister announced his market borrowing plan of Rs.17,655 crore for capital expenditure with the help of Indian Railways Finance Corporation and Rail Vikas Nigam Limited.
Takeaways for Tamil Nadu :
• Tambaram as coaching terminal with Rs. 10 crore • Thanjavur-Ponmalai doubling (46.96 km) with bypass line before Ponmalai (113 km), Rs. 72.3 crore • Madurai – Maniyachi – Tuticorin (80 km); Rs. 18.29 crore (Project cost : Rs. 800 crore) • Tiruchchirapalli – Nagore – Karaikal with extension of Nagapattinam – Velankanni – Tiruthuraipoondi : Rs. 20 crore • Chennai Beach – Korukkupet 3rd line (4.1 km) : Rs. 50 crore • Chennai Beach – Attipattu 4th line (22.1 km) : Rs. 50 crore • Chennai Central – Basin Bridge 5th and 6the line : Rs. 2 crore • No. of coaches increased on high-demand trains • Rs. 96,182 crore to expand capacity of 9,420 km rail lines • 6608 km of track to be electrified • 120 days window to book tickets ahead of journey, to curb tout menace • 0.8–10% increase in freight fares of 12 commodities, including cement, coal, steel, urea and foodgrains • 9 Railway Corridors to have speed increased from 110 to 160 kmph, 130 to 200 kmph to complete inter-metro journeys overnight.

RAILWAY BUDGET 2015-16 (` crore)

Interim Interim
Budget Budget Budget Budget
2013-14 2014-15 2014-15 2015-16

Income from Passenger train 36,532.25 11,645 43,002 50,175
Income from Goods train 93,905.63 1,05,770 1,06,927 1,21,423
Total Transportation income 1,39,558.18 1,60,165 1,59,248 1,83,578
Total Income 1,43,213.88 1,64,374.30 1,63,450.13 1,88,556.70
Total Expenses 1,60,320.76 1,48,049 1,45,970 1,62,210
Net Income 11,749.07 15,198.74 16,452.59 25,076,45

Leave a Reply